March 27, 2020 archive

Completion reports for March 27, 2020

Completion reports filed on March 27, 2020. GARVIN COUNTY Marathon Oil Company Woodford(11800): Oil 525 Gas 1291 Water 1099 Flow 34 4N 4W Hollylujah 0404 1-35wh, January 14, 2020 HH, OIL, TD: 17237 ft Lat: 34.76908, Long: -97.60187 API: 35049252900001 LINCOLN COUNTY Becsul Energy Inc Tonkawa(2500): Gas 230 Water 84 Flow In Heads 7 14N 2E Dawson Farms 1, October 04, 2019 SH, DRY, TD: …

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Permits to drill for March 27, 2020

Permits to drill issued on March 27, 2020. Hughes County HAMILTON #2-14-26WH, March 27 2020 14 8N 12E NESWSESW API: 06324913 Lat: 35.1613417283455, Long: -96.0130492932381 CALYX ENERGY III LLC MU, DR, 15500 ft, MAYES(4700), WOODFORD(4800), HUNTON(4865), SYLVAN(4865) Hughes County HAMILTON #4-14-26WH, March 27 2020 14 8N 12E SENWSESW API: 06324911 Lat: 35.161366458990926, Long: -96.01314631000308 CALYX ENERGY III …

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Oil nose dives again in U.S. and abroad—$5 oil in Canada

The dramatic drop in the nation’s oil and gas rig count went hand in hand as WTI crude oil prices dropped another $1.09 per barrel in Friday’s trading, ending the day at $21.51 per barrel. But Canadian oil plunged to about $5 a barrel in US money, Brent crude in London fell by $1.24 to …

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Dramatic drop in Oil and Gas rigs in Oklahoma and across the U.S.

A dramatic decline in oil and gas drilling activity happened over the past week not only in Oklahoma but across the rest of the U.S. as nationwide numbers plummeted by 44, falling to 728. It means more rigs were put into storage. Baker Hughes indicated Oklahoma’s numbers dropped by four in one week to 39 …

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Pioneer Natural Resources CEO warns independent oil companies could go bankrupt if production continues amid coronavirus

The CEO of Pioneer Natural Resources warns that independent oil and gas companies could fall if either Texas or the federal government doesn’t force reduced crude oil production as the coronavirus pandemic spreads. Scott Sheffield made his prediction in an interview on MSNBC’s “Fast Money” show where he discussed the plunge of crude oil and …

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EPA relaxes enforcement amid virus

  EPA issued a temporary policy that will allow for industries like oil, gas and chemical companies to delay some regulatory compliance amid the coronavirus pandemic. The policy shift follows requests from industry groups who say workers can’t perform all of the tasks required to comply with environmental laws while many of them are social …

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Energy news in brief

** A planned underground transmission line through Iowa and Illinois hasn’t faced the same organized opposition that has dogged overhead transmission lines in the region. ** COVID-19 will likely stall clean energy reforms in Illinois, Michigan, Minnesota and other states as legislatures pause work.  ** The U.S. solar industry could be facing a crisis due to uncertainty over the Investment Tax Credit as projects …

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Iowa ethanol plants could be closing over falling gasoline prices

  With gasoline prices falling, ethanol producers across Iowa are seeing their profits fall, too, and industry leaders say the timing couldn’t be worse. Monte Shaw, executive director of the Iowa Renewable Fuels Association, says international trade feuds and reduced travel due to coronavirus are two of the primary factors for the drop in prices …

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Government plans lease auction of federal lands in New Mexico and Texas

  The Bureau of Land Management plans to go ahead with the May sale of oil and gas leases on government land in Texas and New Mexico. More than 45,445 acres making up 95 parcels will be involved in the quarterly oil and gas lease sale. The proposed parcels are located in Chaves, Eddy and …

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Filings reflect slowdown in oil and gas industry in Oklahoma

  The past week was a slow one for drilling permits and completion reports filed with the Oklahoma Corporation Commission. They showed how the oil and gas slowdown has affected drilling operations in the state. Only 22 permits to drill were issued from Monday through Friday as companies indicated plans to drill. Texas County in …

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