December 18, 2019 archive

Completion reports for December 18, 2019

Completion reports filed on December 18, 2019. CANADIAN COUNTY Marathon Oil Company Mississippian(8775): Oil 779 Gas 2701 Water 789 Flow 6 13N 7W Nonoma’l Bia 1307 1-6-7mxh, August 08, 2019 HH, OIL, TD: 15865 ft Lat: 35.62750, Long: -97.97821 API: 35017253870000 CUSTER COUNTY Citizen Energy Iii Llc Mississippian(15494): Gas 8240 Water 404 Flow 21 13N 14W Smoot 1h-21-16, October 23, 2018 HH, GAS, TD: 24575 …

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Permits to drill for December 18, 2019

Permits to drill issued on December 18, 2019. Lincoln County OLYMPIA #1-36H, December 17 2019 36 15N 4E SESWSWSE API: 08123761 Lat: 35.72481706559219, Long: -96.82999234058744 PRAIRIE GAS COMPANY OF OKLAHOMA LLC HH, RC, 8017 ft, PRUE(3600) Pittsburg County ROYAL FLUSH #1-12/1H, August 09 2019 12 8N 17E SENENESW API: 12124859 Lat: 35.180349462764376, Long: -95.46476109420236 TRINITY OPERATING USG …

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Devon sells holdings in Barnett Shale in $770 million deal

Devon Energy Corp. announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2020. Devon expects no incremental cash taxes associated with …

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Oklahoma oil and gas leaders invite Democrat Warren to meet with them

Whether she will accept their invitation isn’t known,but Democratic Presidential hopeful Sen. Elizabeth Warren, a candidate who has vowed to stop fracking on the first day of her presidency has been asked by Oklahoma oil and gas leaders to meet with them when she returns to the state this weekend. She will hold a town …

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Activist investor convinces Marathon to name a new board member

Marathon Petroleum, the Houston firm with extensive drilling operations in Oklahoma’s STACK and SCOOP plays has reached agreement with activist investor Elliott Management. Under the agreement, Marathon named Jonathan Cohen to be a new member of the board of directors. He will replace incumbent director Greg Goff who will retire at the end of the …

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Open book rule for oil and gas firms considered by SEC

A hearing was held Wednesday by the Securities Exchange Commission to consider a rule to require oil and gas companies to open their books and reveal payments made to foreign governments. It was the third such consideration of such a rule after the American Petroleum Association was successful in challenging a version in 2012 followed …

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Inhofe-Lankford vote for bill to sanction Russia over gas pipeline to Germany

Oklahoma’s U.S. Sens. Jim Inhofe and James Lankford were among those who easily passed the compromise defense policy that includes measures to sanction those companies that help in the construction of the Russian-backed Nord Stream 2 and Turk Stream pipelines. The vote on the motion was approved 82-16 and the vote on the conference report …

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Energy news in brief

** A filing with the Securities Exchange Commission shows ONEOK director Mark W. Helderman of Tulsa acquired another 6,000 shares in the company. He acquired the 6,094 shares at a value of $73.951 each, giving him ownership of 10,000 shares in the company. Helderman is a retired Managing Director and Co-Portfolio Manager at Sasco Capital …

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Company awaits fine over October oil spill

North Dakota regulators indicate a company has not been fined for the Keystone Pipeline oil spill that occurred in October outside the city of Edinburg. But a fine is coming. A North Dakota Department of Environmental Quality told the Bismarck Tribune that the spill of 383,000 gallons of crude oil onto farm land on Oct. …

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Divided votes by Oklahomans over House approval of $1.4 trillion spending bill

Oklahoma’s congressional delegation split its votes Tuesday in approving $1.4 trillion in spending in a pair of bills that left clean energy producers disappointed because tax credits were not extended. Reps. Tom Cole, a Republican and Kendra Horn, a Democrat voted to support each of the resolutions while Republican Reps. Kevin Hern and Markwayne Mullin …

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