Completion reports for November 7, 2019. KINGFISHER COUNTY Oklahoma Energy Acquisitions Lp Mississippian (less Chest): Oil 220 Gas 360 Water 168 Esp 24 16N 6W Lil Sebastian 1606 7-24mh, December 08, 2018 HH, OIL, TD: 12477 ft Lat: 35.85581, Long: -97.78519 API: 35073262790000 Oklahoma Energy Acquisitions Lp Mississippian (less Chest): Oil 277 Gas 174 Water 441 Gas Lift 6 17N 6W Tullamore 1706 10-7mh, November 29, …
November 7, 2019 archive
Permits to drill for November 7, 2019
Permits to drill issued for November 7, 2019. Carter County NAYLOR #3-11H2X35, November 07 2019 11 4S 2E SENWNWNE API: 01926315 Lat: 34.229280860723314, Long: -97.0632172811407 XTO ENERGY INC HH, DP, 25500 ft, SYCAMORE(14426), WOODFORD(14790), HUNTON(15130) Carter County ALBERT #5-29H20X17, November 07 2019 29 3S 3E NWSWSENE API: 01926331 Lat: 34.26798603969839, Long: -97.0065034001614 XTO ENERGY INC HH, DP, …
Chesapeake go bust? It’s being discussed as a possibility
When times were good for Chesapeake Energy Corp. in Oklahoma City, they rolled. A growing campus and much more to go with the success. But it was as though Charles Dickens was reporting on the energy company. “It was the best of times, it was the worst of times, it was the age of wisdom, it was …
Inhofe frustrated over defense spending bill talks
POLITICO’s Morning Energy Report says Oklahoma U.S. Sen. Jim Inhofe isn’t exactly pleased with how negotiations are going regarding the annual defense bill and PFAS—those chemicals polluting military bases nationwide. Here’s how it was reported: PFAS REMAINS NDAA STICKING POINT: Senate Armed Services Chairman Jim Inhofe said on Tuesday that negotiations on the annual defense bill are inching …
Energy news in brief
** A SEC filing by Chesapeake Energy shows President and CEO Robert D. Lawler recently acquired 50,000 shares in the company. The shares were valued at $0.9148 each resulting in a total acquisition worth $45,740. The acquisition results in Lawler owning 5,133,298 shares in the company. ** Federal regulators have ordered the Keystone pipeline to remain …
No formal increase in Oklahoma speed limits despite new law
Despite a new speed limit law that took effect Nov. 1 in Oklahoma, signs on I-35 and I-40 and other highways remain the same. Most state 70 mph as the limit and the reason is this—the State Department of Transportation is still studying whether, when and where to increase limits to 75 miles an hour. …
Report predicts tough times ahead in US oil production
A prediction of a “major slowdown” in U.S. oil production has been made by IHS Markit which says the nation’s output will fall from 440,000 barrels a day in 2020 to “essentially flattening out” in 2021. The report also assessed what shale producers are already doing as indicated in third quarter 2019 reports….they are cutting …
Roan suspends drilling operations pending merger vote
As Oklahoma City’s Roan Resources, Inc. prepares to formally merge with Tulsa’s Citizen Energy Operating, LLC, the company has temporarily shut down drilling, development and completion activities. The firm stated in its third quarter 2019 earnings report the move will give new CEO Rick Gideon time to assess Roan’s overall operations plan. He took …
Blueknight energy shows increased 3Q earnings
Tulsa’s Blueknight Energy Partners, L.P. reported increased third quarter earning as net income was $7 million compared to $2.4 million reported in the same period in 2018. The increase came after a failed attempt by Ergon to acquire the Oklahoma company last summer. The company’s adjusted earnings before interest, taxes, depreciation and amortization was $18 …
Numbers reflect slowdown in U.S. oil and gas drilling
The latest international rig count announced by Baker Hughes shows how drilling has slowed in the U.S. as numbers for October 2019 were down from a year earlier. The average U.S. rig count for October 2019 was 848, down 30 from the 878 counted in October 2019, and down 214 from the 1,062 counted in October 2018. The average …
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