March 26, 2020 archive

Completion reports for March 26, 2020

Completion reports filed on March 26, 2020. CIMARRON COUNTY Weinkauf Petroleum Inc Purdy(4194): Oil 90 Gas 150 Pump 26 5N 9E Schnaufer B-1, May 22, 2019 SH, INJ, TD: 4350 ft Lat: 36.87734, Long: -102.04725 API: 35025208550000 GRADY COUNTY Camino Natural Resources Llc Woodford(12302): Oil 285 Gas 706 Water 3627 Flow 4 5N 5W Black Mesa 0505 3-10 1wh, January 17, 2020 HH, OIL, TD: …

Continue reading »

Permits to drill for March 26, 2020

Permits to drill issued on March 26, 2020. Kingfisher County MCCARTHY 10_3-15N-9W #4HX, April 26 2019 10 15N 9W NESWSWSE API: 07326553 Lat: 35.78423298327558, Long: -98.14352847808117 DEVON ENERGY PRODUCTION CO LP MU, AM, 19660 ft, MISSISSIPPIAN (LESS CHESTER)(9147), WOODFORD(10091)

Oil prices drop in Thursday’s trading

After increases earlier this week, the price of crude oil took a drop on Thursday. West Texas Intermediate crude fell $1.89 a barrel, closing at $22.60 for a change of 7.72%. Brent crude was down 59 cents, closing Thursday at $26.80 a barrel for a change of 2.15%. Natural gas prices fell too, dropping 2 …

Continue reading »

Rep. Lucas asks for GAO probe of Energy Department’s waste cleanup efforts

  Oklahoma Congressman Frank Lucas joined the Democratic chair of the U.S. House Science Committee in asking the the Government Accountability Office to investigate waste cleanup by the Department of Energy. He is the ranking Republican on House Science, Space and Technology Committee and together with Democratic chairwoman Eddie Bernice Johnson made the request. “What …

Continue reading »

Energy news in brief

** Noble Midstream Partners LP announced  that the Board of Directors of the General Partner has approved a 73% reduction of the quarterly distribution to $0.1875 per unit, which the Partnership plans to hold flat in the current environment. This change is effective immediately and is anticipated to preserve approximately $200 million of annualized cash to support …

Continue reading »

Blueknight turns a profit—expects stronger income due to increased storage demand

While companies respond to the massive drop in oil prices, Tulsa’s Blueknight Energy Partners LP reports business was good in 2019, so good it made profits compared to the losses suffered in 2018. And it anticipates better income due to the demand for storage. The company reported its fourth quarter net income totaled $4.3 million, …

Continue reading »

Oil company leader possibly stricken by coronavirus

The head of Murphy Oil Corporation based in El Dorado, Arkansas has apparently been taken ill with the coronavirus and has temporarily stepped aside from his leadership role. The company announced Thursday that Roger W. Jenkins, President and Chief Executive Officer took a temporary medical leave because, pending test results, he has what the firm …

Continue reading »

Williams opts for “virtual” annual meeting of shareholders

  The coronavirus pandemic has forced Tulsa-based Williams to forego an in-person annual meeting of shareholders. Instead, the company will host its 2020 annual meeting “virtually” due to the public health impact of the pandemic. The company announced its annual meeting will be convened in person at the company headquarters, then immediately adjourn to a …

Continue reading »

Well completions are still being reported in Oklahoma

  They haven’t been major producing oil wells, but oil and gas drilling is continuing in Oklahoma as witnessed by completion reports filed this week including a gas well with production of more than 10,000 Mcf of natural gas. Citizen Energy iii LLC reported completion of the Lancet 1h-17-8 well located at 17 14N 15W …

Continue reading »

Senate approves emergency relief bill—House votes next

The U.S. Senate late Wednesday voted 96-0 to approve the $2 trillion emergency relief bill aimed at overcoming the economic affects of the coronavirus pandemic.Oklahoma Sens. Jim Inhofe and James Lankford were among those who voted in support of the largest economic rescue package in U.S. history.”To all Oklahomans—our families, our students, our small businesses …

Continue reading »