Completion reports filed on March 11, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(5632): Oil 63 Gas 688 Water 1575 Gaslift 35 26N 11W Herren 35-26-11 2h, September 26, 2019 HH, OIL, TD: 10516 ft Lat: 36.68155, Long: -98.35671 API: 35003233800000 Bce-mach Llc Mississippian(5674): Oil 162 Gas 413 Water 852 Gaslift 36 26N 12W Clifford 36-26-12 4h, October 16, 2019 HH, OIL, TD: 10641 ft Lat: 36.69495, Long: …
March 11, 2020 archive
Permits to drill for March 11, 2020
Permits to drill issued on March 11, 2020. Creek County JOSEPH KENNEDY #5, March 27 2017 02 17N 7E CSWSWSE API: 03729370 Lat: 35.97475349748253, Long: -96.53801683210197 BAUGH ALLAN L SH, AM, 3150 ft, OSWEGO(2170), PRUE(2300), SKINNER 404SKNR 2400 8 WILCOX(2800), RED FORK UP(2500), RED FORK LOW(2570), BARTLESVILLE(2620), TUCKER(2790) Dewey County ADAMS 24/13-19-14 #1H, October 01 2018 …
WPX Energy wraps up acquisition of Felix Energy
Tulsa’s WPX Energy has completed its previously announced acquisition of Felix Energy, which has operations in the eastern portion of the Permian’s Delaware Basin. The acquisition was overwhelmingly approved by WPX shareholders at a special meeting held on March 5, 2020, where more than 99.6 percent of votes cast were in favor of the …
Chaparral Energy reports losses in 4Q and all of 2019
Chaparral Energy, Inc. announced it achieved fourth quarter 2019 production but still reported a net loss of $189.2 million or $4.14 per share. The Oklahoma City’s net loss for all of 2019 totaled $468.9 million or $10.28 per share. In light of the collapse of oil prices this week, the company said it would not …
LSB Industries adds new board member and nominates another
Oklahoma City-based LSB Industries, Inc. announced that it has appointed Diana M. Peninger as an independent member of the Board of Directors of the Company effective March 5, 2020. Peninger will stand for direct election by shareholders for the first time at the annual meeting of stockholders on May 14, 2020. In addition, the Board nominated Steven L. Packebush to stand …
Transportation coordination bill passed in OK Senate
The Oklahoma Senate on Wednesday unanimously advanced legislation directing the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority to coordinate resources and functions more closely. Senate President Pro Tempore Greg Treat, R-Oklahoma City, is the author of Senate Bill 1775. His bill directs the two agencies to coordinate as much as possible but allows the Turnpike …
Chesapeake sets special meeting for reverse stock split plan
Faced with shares that have plunged to 15 cents as of Wednesday morning, Oklahoma City’s Chesapeake Energy has proposed a reverse stock split to its shareholders. In a filing this week with the Securities and Exchange Commission, the company said it plans to ask shareholders for approval at an April 13 meeting. The company …
OPEC and conronavirus hit Oklahoma energy stocks
The nation’s energy industry took it on the nose again Wednesday and some of Oklahoma’s oil and gas firms suffered too. Enable Midstream, based in Oklahoma City experienced a 20% drop in stock value as Wednesday trading saw shares trading at $4.75 each. For the year, Enable shares have seen a 68% drop in …
OK Congressmen support U.S. help to oil and gas industry
Oklahoma Congressman Kevin Hern is among those fully supportive of any possible U.S. assistance to the nation’s oil and gas industry in light of the massive plunge in oil prices. Joining him in the effort are Rep. Tom Cole and Sen. James Lankford. Hern spoke this week with the Department of Energy about the prospect …
Judge rules against Newfield Energy in Kingfisher county well fight
Newfield Energy has found itself on the losing side of a legal fight over a Kingfisher County well that ended up in Oklahoma City federal court. U.S. District Judge Charles B. Goodwin has ruled against the company after it was sued by Curtis and Cheryl Cory in a fight over a power pool contract for …
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