December 5, 2019 archive

SemGroup removed from Index following sale

Tulsa-based SemGroup Corp.’s takeover by Energy Transfer LP this week means SemGroup has been removed from the Tortoise North American Pipeline Index. The announcement was made Thursday by the Index  based in Leawood, Kansas. The Index is a float-adjusted, capitalization weighted index of pipeline companies organized with their principal places of business in the U.S. …

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Low oil prices don’t sway some firms from more drilling in Oklahoma

With a slight uptick in oil prices, energy companies aren’t backing off new drilling efforts in Oklahoma. Many are planning new projects. Wednesday’s release of permits to drill show Oklahoma City-based Continental Resources Inc. plans a three-well, single-pad effort at a site about 6 miles southwest of Blanchard in Grady County. The Z21 wells will …

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Newfield opts for SE Oklahoma gas well efforts

Houston’s Newfield Exploration Mid-Con Inc. didn’t ease up its drilling efforts in Oklahoma in the past few months as witnessed by the company’s continued filing of new completion reports—including a three gas well effort in southeast Oklahoma. The company filed a report showing completion of the Hoile Fed 1611 3h-25x well at 36 16N 11W …

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Chesapeake stock soars on news of credit deal

The financial moves by Chesapeake Energy, which included a $1.5 billion new bank loan resulted in a soaring volume of the company’s shares in Wednesday’s trading. Chesapeake stock finished up 17 percent at the end of the day’s trading, closing at nearly 74 cents a share which was an eleven cent increase for the day. …

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