Completion reports filed on April 9, 2020. CANADIAN COUNTY Chaparral Energy Llc Mississippi(9555): Oil 904 Gas 4936 Water 1195 Flwg 26 13N 7W Greenback 1307 2mh-35, March 04, 2020 HH, OIL, TD: 14665 ft Lat: 35.56678, Long: -97.91807 API: 35017255550001 GRADY COUNTY Continental Resources Inc Woodford(13847): Oil 117 Gas 763 Water 3318 Flow 20 6N 5W Early 4-29-32xhw, January 08, 2020 HH, OIL, TD: 21728 ft …
April 9, 2020 archive
Permits to drill for April 9, 2020
Permits to drill issued for April 9, 2020. Canadian County COWABUNGA 1207 3-10 #1MXH, October 24 2019 03 12N 7W NWNWNWNW API: 01725549 Lat: 35.55062509959638, Long: -97.9361022176109 CAMINO NATURAL RESOURCES LLC MU, AM, 19905 ft, MISSISSIPPIAN(9374) Canadian County JENSEN #1H-8, April 08 2020 08 11N 8W N2NENWNW API: 01725618 Lat: 35.448724377564744, Long: -98.07532845819948 CITIZEN ENERGY III LLC …
OPEC agrees to cut oil production but oil still tumbles
Even a production-cut agreement of 10 million barrels of oil a day for two months by Saudi Arabia and Russia wasn’t enough to boost oil prices on Thursday. West Texas Intermediate crude dropped $2.33 before finishing the day at $22.76 a barrel while Brent crude fell 81 cents and ended the day’s trading at …
Corporation Commissioner Hiett seeks another term
Oklahoma Corporation Commissioner Todd Hiett filed as a candidate for re-election this week, seeking another six years on the state regulatory board. So far, he has one challenger in the Republican primary and that is Harold D. Spradling of Cherokee who previously ran for the commission. Hiett, who has chaired the Corporation Commission since March …
Chesapeake Energy sets date for vote on reverse stock split
Oklahoma City-based Chesapeake Energy Corporation has set an expected effective day for its planned reverse stock split. A special meeting of shareholders will be held April 13 and the reverse stock split will need their approval before it can go into effect. The reverse stock split proposal includes a proposed reverse stock split …
Oklahoma and US lose more oil rigs as slump grows
Oklahoma’s rig count in the past week fell by three more to reach only 26 active rigs drilling for new oil and gas sources while nationally, the count plummeted by 62 to 602 rigs. The Baker Hughes rig count, released a day earlier than normal because of Good Friday and the Easter weekend, showed Oklahoma’s …
Unemployment Claims Top 50,000 Last Week
Oklahoma continues to parallel the nation in the extraordinary number of initial claims for unemployment insurance as COVID-19 related closures and declines in the oil patch put more people out of work. For the week ending April 4, 2020, unadjusted initial claims in Oklahoma totaled 51,124, an increase of 3,380 from the previous record-setting …
Jet fuel demand nose-dives worldwide
The amount of air travel, or dramatic lack of it at Oklahoma City’s Will Rogers World Airport explains why there has been a plunge in demand for jet fuel as the COVID-19 pandemic affects travel, not just in Oklahoma but across the globe. Rystad Energy came out with new analysis this week saying global oil …
Plastic bag-bans suspended amidst coronavirus pandemic
A year after Oklahoma Gov. Kevin Stitt signed a bill into law against cities and towns banning plastic bags, more cities are suspending their bans because of the coronavirus pandemic. “I want to make sure I make it easy for industry to do business in Oklahoma,” Stitt said at the time he signed the …
Discretionary enforcement by DEQ in Oklahoma
While the state of Colorado promises to be aggressive in its enforcement of environmental rules after the EPA announced suspension of enforcement of air quality rules, the state of Oklahoma is handling matters on a case-by-case basis. Robert D. Singletary, General Counsel for the Oklahoma Department of Environmental Quality addressed the issue in a …
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