April 3, 2020 archive

Completion reports for April 3, 2020

Completion reports filed on April 3, 2020. CANADIAN COUNTY Jones Energy Llc Mississippian(10058): Oil 670 Gas 3052 Water 1370 Flow 6 12N 7W Phoenix 7-12-7 3mh, October 15, 2019 HH, OIL, TD: 15600 ft Lat: 35.53927, Long: -97.98214 API: 35017254690001 Jones Energy Llc Mississippian(10261): Oil 698 Gas 3890 Water 1474 Flow 6 12N 7W Phoenix 7-12-7 4mh, October 15, 2019 HH, OIL, TD: 15533 ft Lat: …

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Permits to drill for April 3, 2020

Permits to drill issued for April 3, 2020. Grady County BRAND 0605 #2-18-30WXH, December 12 2019 07 6N 5W SENWSWSE API: 05124740 Lat: 35.00268159579502, Long: -97.76611689748076 MARATHON OIL COMPANY MU, AM, 26540 ft, MISSISSIPPIAN(12600), WOODFORD(12738) Grady County NEKIAH 0605 #2-18-19MXH, December 12 2019 07 6N 5W SENWSWSE API: 05124743 Lat: 35.00287391025768, Long: -97.76620038942762 MARATHON OIL COMPANY MU, …

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Rig counts plunge in Oklahoma and the U.S.

  Oklahoma and most other oil-producing states suffered heavy losses in their rig counts this past week as Oklahoma’s count plummeted by 10 to only 29 active rigs.  A year ago, the state had 107 oil and gas rigs drilling for new energy. The count has suffered as a result of the oil price war …

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Energy news in brief

** The Trump administration is joining NextEra Energy Inc. in urging a federal court to reconsider a case on a 2019 Texas law giving already established utilities priority in constructing transmission lines. ** A California state agency is requiring homes on cliffs to be built farther away from the water because of sea-level rise. That’s igniting …

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Oklahoma revenue drops again—worst yet to come says Treasurer

The latest revenue figures announced by Oklahoma Treasurer Randy McDaniel show a decline of oil and gas gross production for the month of March, but he also suggests it is “the calm before the storm” even as oil prices rebounded slightly but still remained below $30 a barrel. McDaniel knows the coronavirus effects combined with …

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Rep. Mullin says President is doing “the right thing”

House Energy Action Team co-chairs Rep. Jeff Duncan (R-S.C.) and Rep. Markwayne Mullin (R-Okla.) joined House Republican Whip Steve Scalise (R-La.) to applaud President Trump’s action to make 30 million barrels of the Strategic Petroleum Reserve’s oil storage capacity available to struggling U.S. oil producers. “We applaud President Trump for announcing today that his Administration …

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STACK produces more wells for Devon Energy and Jones Energy

  More wells have been completed in Oklahoma’s STACK play including a Devon Energy well producing nearly 1,400 barrels of oil a day and two Jones Energy wells with combined production of nearly the same amount. Devon’s Fleenor 8_5-15n-10w 2hx was drilled at a site at 7 15n 10W or about six miles southeast of …

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International rig count is falling

Baker Hughes announced Friday that the Baker Hughes international rig count for March 2020 was 1,059, down 26 from the 1,085 counted in February 2020, and up 20 from the 1,039 counted in March 2019. The international offshore rig count for March 2020 was 244, down 1 from the 245 counted in February 2020, and down 3 from the 247 counted in March …

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DPS closes driver’s license stations in Oklahoma

  Oilfield truckers and those doing maintenance on wind farms in Oklahoma who need to renew their drivers license might have to wait a while because of the coronavirus. As the Tulsa World reported, the Department of Public Safety announced it will disengage from in-person public interactions until further notice in reaction to the continual spread …

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Midland driller lowers oil production

At least one West Texas oil production company has cut its production for the remainder of 2020. Diamondback Energy Inc. announced a 5% cut in oil production and intentions to hedge the majority of its output. With prices of West Texas Intermediate oil sagging to $20.09 in recent days, the Midland, Texas-based company said it …

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