March 23, 2020 archive

Completion reports for March 23, 2020

Completion reports filed on March 23, 2020. GARVIN COUNTY Marathon Oil Company Mississippian(10715): Oil 588 Gas 1429 Water 1838 Flow 34 4N 4W Jimmie Dell 0404 1-35mh, January 15, 2020 HH, OIL, TD: 17100 ft Lat: 34.76908, Long: -97.60195 API: 35049252890001

Permits to drill for March 23, 2020

Permits to drill issued on March 23, 2020. Kay County GARRY DAVIS #31-27, November 04 2019 27 25N 1W CNESESW API: 07124143 Lat: 36.61095551312189, Long: -97.29292240922825 KODA OPERATING LLC SH, AM, 4430 ft, LAYTON(3083), WILCOX(4091) Kay County BEVERLIN #A-3, March 20 2020 34 25N 1W CN2NW API: 07124235 Lat: 36.60644480218452, Long: -97.29623562496583 KODA OPERATING LLC SH, RC, …

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Oil prices suffer in low $20s—so do energy firms

  Oil prices rebounded ever so slightly in Monday’s trading while energy companies saw their stocks continue to lose value. West Texas Intermediate crude closed 73 cents higher at $23.36 a barrel, a change of 3.23%. Brent Crude in London was up 53 cents and closed at $27.51 a barrel, a change of 1.96%. Natural …

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Helmerich and Payne re-evaluates capital expenditures

  Tulsa’s Helmerich and Payne, Inc. is feeling the pinch of not only the oil price war but the coronavirus and as a result, the company says it’s reconsidering its capex for the rest of the year. It didn’t announce any specific cut in spending, but indicated it will be reviewing its capital status. The …

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Republican Senators fuming over green efforts of Dems in delaying stimulus package

  Renewable energy—it’s the apparent holdup as the U.S. Senate, under Republican leadership attempts to approve a stimulus package meant to overcome the economic bashing caused by the spread of the coronavirus. At least 18 Democratic Senators sent a letter to Senate leadership asking them to include renewable energy in the package. One of the …

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Texas regulators consider curtailing oil production

Texas regulators are under growing pressure to curtail oil production for the first time since the 1970s but the head of the Texas Railroad Commission isn’t so sure about such a move. “I am very concerned about the impact the international oil market instability has on the Texas economy, state budget, and the hundreds of …

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Rep. Hern opposes oil and gas bailout by government

Oklahoma U.S. Rep. Kevin Hern is among a handful of Republicans and Democrats who have voiced their opposition to a government bailout for the U.S. oil and gas industry. He and a dozen other members of Congress sent a letter to Interior Secretary David  Bernhardt asking him to temporarily reduce or cut royalties for offshore …

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OK legislature not meeting this week

It’ll be quiet in the halls of the Oklahoma Capitol this week after the legislature decided against meeting in response to the spread of the coronavirus. At least one State Senate staffer was confirmed positive with COVID 19 last week and as a result the Senate underwent testing. At the same time, the State House …

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New Mexico to release new methane emissions rules

State agencies tasked with new rules on methane emissions in New Mexico are preparing to release their recommended guidelines later in the year. The Farmington Daily News reported that the New Mexico Environment Department and Energy, Minerals and the Natural Resources Department plan to release draft complimentary regulations for reducing methane emissions from the oil and …

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Colorado’s low oil and gas severance tax could get lower

  Severance taxes from oil and gas are a major issue in Colorado as state leaders reassess the state’s crumbling fiscal picture. Some observers wonder if a tax break for the industry could grow so large that many Colorado oil wells will owe nothing in severance taxes. Consider it the $308 million elephant in the …

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