Oil prices plunged to barely above the $20 barrel mark in Wednesday’s trading, a level not seen since 2002. West Texas Intermediate crude dropped $6.58 to $20.37 a barrel, a change of more than 24%. In London, Brent crude dropped $2.29 to $26.44 a barrel for a change of nearly 8%. Natural gas dropped another …
Permits to drill issued on March 18, 2020. Canadian County GLORIETTA 7_6-12N-8W #4MHX, March 18 2020 18 12N 8W NENWNWNE API: 01725615 Lat: 35.52159594824204, Long: -98.08606755964608 TRAVIS PEAK RESOURCES LLC MU, DR, 21543 ft, MISSISSIPPI(11092) Carter County SW WILDCAT JIM DEESE UNIT #10-3-I, March 18 2020 07 2S 2W SWNENWNW API: 01926376 Lat: 34.40431869753902, Long: -97.45452188982692 MACK …
Completion reports filed on March 18, 2020. ALFALFA COUNTY Trans Pacific Oil Corporation Sylvan Dolomite: Water 10 Mississippian(4786): Oil 3.3 Gas 46 Water 462 Pump 16 29N 12W Mott A 1-16, November 30, 2017 SH, OIL, TD: 5600 ft Lat: 36.98745, Long: -98.49755 API: 35003232850000 BLAINE COUNTY Marathon Oil Company Miss Lime/miss’an (less Chester): Oil 1054 Gas 1532 Water 2600 Flow 3 16N 11W Roser 1611 2-3-34mxh, …
Led by California Rep. Nanette Barragan, 20 House Democrats sent a letter to President Trump this week urging him not to give any government relief to the oil and gas industry as it struggles with plunging oil prices. They did so without support from Oklahoma’s only Democrat in the House, Rep. Kendra Horn. “A …
** The federal government could sell off up to 50,000 acres of public lands in Nevada in an attempt to promote local economic development and other purposes, under a new bill introduced by Rep. Mark Amodei (R) ** More than 50 industry trade associations, environmental groups and think tanks are urging congressional appropriators to provide robust spending …
As oil prices hit the $27 a barrel mark, it has resulted in fast-tumbling prices at Oklahoma gas pumps where the statewide average is down to $1.87 a gallon. But the cheapest gasoline is found in Vinita in the northeast part of the state where the average is down to $1.62 a gallon. Oklahoma’s average …
Just a few months after making layoffs from its Oklahoma operations, Houston-based Halliburton announced it will furlough nearly 3,500 workers in Houston for 60 days. Considered to be the top oilfield services provider in the U.S., the company took the move as shale producers slashed spending over the falling oil prices. The affected staff will …
Officials in North Dakota, the second largest oil-producing state after Texas are bracing for cutbacks in oil rig activity and investments in the oil and gas industry because of the oil price war and the impact of the spread of the coronavirus. They know it will mean the loss of jobs across the state. “We …
ConocoPhillips announced that it is taking several actions in response to the recent oil market downturn including a 10% cut amounting to $0.7 billion from its 2020 budget. “Our industry is clearly experiencing an unprecedented event brought about by simultaneous supply and demand shocks,” said Ryan Lance, chairman and chief executive officer. “The actions we …
An expected drop in oil output from Oklahoma’s STACK and SCOOP plays and most of the rest of the U.S. is likely to be offset by the unrelenting production in the Permian basin of West Texas and southeastern New Mexico. Data made available this week showed the Permian production is actually growing and is up …
