March 2020 archive

Tulsa’s Alliance Resource Partners suspends coal mines in Ilinois

  Tulsa-based coal mining company Alliance Resource Partners, L.P. is shutting down its mines in Illinois because of the growing impact of the COVID-19 pandemic. “ARLP is temporarily ceasing coal production at all of its Illinois Basin mines,” stated the company. ” While this temporary idling is currently scheduled to last through April 15, 2020, …

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Mancamp provider gets delisting warning from stock exchange

When oil was going strong, Civeo Corporation, the firm known as the “man camp” provider including production facilities in Oklahoma, was going equally strong. But the oil price plunge combined with the coronavirus pandemic has hurt the Houston company. Its mancamps are empty and now the firm might consider a reverse stock split to ease …

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Land Commission Secretary leaves job

After only 9 months on the job, the Secretary of the Oklahoma Commissioners of the Land Office, the body that oversees more than $2 billion in oil and gas leases, ag land and commercial assets has resigned. The political news website, NonDoc reported this week that Secretary Brandt Vawter resigned on March 20 after reports …

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Drillers ask Texas regulators to cut crude output

  Texas regulators are under growing pressure to take action to cut crude output in light of the historic price crash. Two of the state’s biggest drillers, Pioneer Natural Resources Co. and Parsley Energy Inc. want the Texas Railroad Commission to consider a decrease in crude output The two companies asked the three-member Texas Railroad …

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Devon is still successful in Oklahoma’s STACK play despite cuts in spending

A day after Oklahoma City’s Devon Energy slashed another $300 million from its 2020 capital expenditures budget, the company reported three sister wells in the STACK play with production of more than 2,500 barrels of oil a day. It sat on the completed wells since last fall and reports weren’t made until this week with …

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Record low oil prices in Texas

  The United States’ flagship crude oil grade plunged on Monday to trade at about $10 a barrel, the weakest since late 1998 as demand plummeted due to the coronavirus pandemic and storage filled quickly. The grade, priced at the heart of the Permian basin in Midland, Texas, traded at $9.50 below benchmark prices, reported …

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Completion reports for March 30, 2020

Completion reports filed on March 30, 2020. BLAINE COUNTY Devon Energy Production Co Lp Mississippi Solid/ Mississippian: Oil 1063 Gas 2912 Water 141 Flow 11 15N 10W Pickaroon 11_2-15n-10w 3hx, September 05, 2019 HH, OIL, TD: 20160 ft Lat: 35.78410, Long: -98.23740 API: 35011241870000 Devon Energy Production Co Lp Mississippi Solid/ Mississippian: Oil 664 Gas 2459 Water 754 Flow 11 15N 10W Pickaroon 11_2-15n-10w 2hx, September …

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Permits to drill for March 30, 2020

Permits to drill issued on March 30, 2020. Kingfisher County STOWEY 1907 #11-1LOH, March 27 2020 14 19N 7W NENENENW API: 07325671 Lat: 36.130516818869495, Long: -97.91722553073197 CHISHOLM OIL & GAS OPERATING LLC HH, DP, 12752 ft, MISSISSIPPI LIME(6960), WOODFORD(7448)

Petroleum Alliance Supports Investigation of Russia, Saudi Arabia

  The Petroleum Alliance of Oklahoma announced it supports U.S. Sen. Jim Inhofe’s call for a federal investigation into attempts to artificially lower crude oil prices to harm American businesses. Inhofe requested U.S. Commerce Secretary Wilbur Ross launch an investigation against the Kingdom of Saudi Arabia and the Russian Federation under Section 232 of the …

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Energy news in brief

  ** Sens. Kevin Cramer (N.D.) and Dan Sullivan (Alaska) introduced legislation, S. 3572 (116), last week to remove U.S. armed forces from Saudi Arabia in a bid to pressure the nation to halt its price war with Russia. ** EPA said it would push a May 1 deadline for fuel terminals to stop selling winter-grade gasoline to retailers until May 20 …

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