January 2020 archive

Viking Energy and Camber Energy announce merger

Viking Energy Group Inc., a firm with shallow well operations in eastern Kansas is about to merge with Camber Energy, Inc. The two firms entered into a non-binding letter of intent last week. Under the proposal, Camber will issue shares of common stock to the equity holders of Viking. Viking will continue as the surviving …

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ConocoPhillips and Chesapeake Energy show no letup in Eagle Ford

  ConocoPhillips shows its ambitions in oil and gas exploration in South Texas as it filed for nearly a quarter of all the drilling permits submitted last week in that part of the state. Oklahoma City’s Chesapeake Energy has more drilling plans there too. The company used Burlington Resources Oil and Gas Co. LP, a …

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Need grows for wind power transmission line development in Kansas

  Kansas’ position as the nation’s top wind energy producer in terms of electricity generation adds pressure to expand transmission infrastructure to reduce in-state congestion and push power to urban centers to the east, a wind industry analyst contends. Kimberly Svaty, who represents the 35-member Kansas Power Alliance, said Monday updated statistics would likely show …

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Keystone XL pipeline construction to begin in August

Construction of the Keystone XL pipeline could begin in August but opponents in South Dakota vow to continue their legal fight against the $8 billion project. TC Energy, the Canadian company building the pipeline, plans to begin construction in South Dakota in August, according to a court filing in Montana that also spells out planned …

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Late permit boosts Newfield’s latest STACK efforts

A late drilling permit shows Newfield Exploration Mid-Con Inc. is drilling five more STACK wells, not four as we initially reported this week. Another Juanita FIU 1508 permit was released this week indicating the company plans to drill three wells at 26 15N 8W which is several miles northwest of Okarche and close to where …

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Jury returns $10 million judgment in deadly gas rig fire

A Pittsburg County jury deliberated less than three hours before returning a $10 million judgment in the January 2018  gas rig fire that killed five men near Quinton,Oklahoma. The jury found National Oilwell Varco, a Houston, Texas company partially responsible for the deaths of two of the victims. Families of the two will get a …

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Chesapeake cuts debt but shares still reach 26-year low

After Oklahoma City’s Chesapeake Energy released a fourth-quarter production update in which it said it had managed to eliminate $900 million in debt, the company saw a 2.6% increase in premarket trading on Wednesday. Still, the stock closed at 51.82 cents, the lowest level since January 1994. The level of share prices for the troubled …

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Completion reports for January 28, 2020

Completion reports for January 28, 2020. CADDO COUNTY Citation Oil & Gas Corporation Permian-hoxbar: Oil 26 Water 233 Pump 35 6N 10W West Cement Unit 9-21, February 02, 2019 SH, OIL, TD: 3820 ft Lat: 34.94899, Long: -98.21652 API: 35015232570000 Daylight Petroleum Llc Marchand: Oil 15 Water 7 Pump 10 5N 9W Walker 5, May 26, 2018 DH, OIL, TD: 6842 ft Lat: 34.92102, …

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Permits to drill for January 28, 2020

Permits to drill issued on January 28, 2020. Dewey County FIELDS ESTATE 1 CN ##1H, January 28 2020 36 18N 17W SWSWSESW API: 04323715 Lat: 35.986274880453934, Long: -98.96861576596119 MEWBOURNE OIL COMPANY HH, DR, 14227 ft, RED FORK(9200) Grady County TYLER #2H-25-24, January 28 2020 36 10N 6W W2NWNENW API: 05124753 Lat: 35.30440140985436, Long: -97.79001561771275 CITIZEN ENERGY III …

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Energy news in brief

**Two environmental groups are planning a lawsuit against the federal government aiming to stop a proposed 50-mile natural gas pipeline from Idaho to Wyoming. **  General Motors will invest $2.2 billion in its first all-electric vehicle assembly plant in Detroit. ** An Ohio congressman is leading an effort to secure a $200 million federal loan for a company building an electric vehicle plant …

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