Permits to drill issued for November 25, 2019. Caddo County MAD MAX CAMPGROUND #1-33, November 25 2019 33 6N 9W W2NESESW API: 01522115 Lat: 34.944550055741416, Long: -98.1559858366185 TERRITORY RESOURCES LLC DH, RC, 10800 ft, MARCHAND(9748) Canadian County GUTHRIE 1207 6-7 #2WXH, November 25 2019 31 13N 7W SENESESW API: 01725562 Lat: 35.55374932844639, Long: -97.98686565821741 CAMINO NATURAL RESOURCES …
November 2019 archive
OU Doubles Engineering Enrollment, Creates Strategic Plan to Promote Energy Workforce
Engineers are in high demand in the workforce. The enrollment figures at the University of Oklahoma support this upward trend. The Journal Record reported that OU’s undergraduate enrollment at the Gallogly College of Engineering doubled in size from 1,768 in Fall 2007 to 3,630 in Fall 2018. The increase is attributed to OU’s outreach and marketing …
Unit Corporation Extends Early Tender Date for Exchange Offer
Tulsa-based Unit Corporation announced that it has extended the early tender date for its previously announced offer to exchange its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) for newly issued 10.000% Senior Secured Notes due 2024 and 7.000% Junior Secured Notes due 2025, according to a company press release …
EIA Data Predicts Continued Downturn in Oil and Gas Production
A federal agency tied to the U.S. Department of Energy and responsible for analyzing official energy statistics for the government is predicting 9il and natural gas production in South Texas will continue to decline, according to a report by the San Antonio Business Journal. The U.S. Energy Information Administration predicts an average 14,000 barrel-per-day decline …
Carl Icahn Seeks New Board at Occidental Petroleum
Texas-based Occidental Petroleum Corp. is in the crosshairs of billionaire investor Carl Icahn, according to several reports. Icahn plans to nominate a slate of ten directors to seize control of the board of the U.S. oil and gas producer. This isn’t Icahn’s first foray into board takeovers. The billionaire investor, who owns a stake in …
Investment firm acquires more shares in OKC’s Mammoth Energy
A Florida investment firm reports recently acquiring more than another 16,000 shares in Oklahoma City’s Mammoth Energy. Wexford Capital, an SEC-registered value-oriented multi-strategy investment firm created in 1994 reported a filing with the Securities and Exchange Commission. It reflected the acquisition of 16,692 Mammoth shares valued at $1.3281 for each share. The acquisition leaves Wexford …
Details of Chaparral’s sale of headquarters
Months after OK Energy Today reported the sale of Chaparral Energy’s Oklahoma City headquarters to a real estate firm, some of the details are finally being made known. Richard Mize, Real Estate Editor at the Oklahoman reported over the weekend that details emerged in the NAI Sullivan Group’s third-quarter office market report. It showed Chaparral …
Energy news in brief
** Cheniere Energy, Inc. in Houston announced has received approval from the U.S. Federal Energy Regulatory Commission to site, construct, and operate the Corpus Christi Stage 3 expansion project. Corpus Christi Stage 3 is being developed for up to seven midscale liquefaction trains with total aggregate expected nominal production capacity of approximately 10 million tonnes per …
Oklahoma remains steady but nation’s oil and gas rig counts slide downward
Oklahoma managed to maintain its oil and gas rig count in the past week while the nation’s count dropped again. But more and more rigs are being put into storage as the nation’s oil and gas slowdown continues. The number of rigs in Oklahoma was 52 according to figures released by Baker Hughes Co. A …
Repairs to begin to Devon Tower windows smashed in May incident
Six months after two window washers had to be rescued from near the top of the 50-story Devon Tower in downtown Oklahoma City, repairs to the smashed windows are about to get underway. “We’ve acquired the custom-fitted materials needed to begin the restoration process and crews have been preparing for the word ahead,” Devon Energy …