April 10, 2020 archive

Completion reports for April 10, 2020

Completion reports filed for April 10, 2020. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian – Woodford: Oil 593 Gas 649 Water 1414 Flow 19 14N 6W Wm Wallace 1406 2h-18x, October 26, 2019 HH, OIL, TD: 19246 ft Lat: 35.66839, Long: -97.88154 API: 35017254230001 Ovintiv Mid-continent Inc. Mississippian(8268): Oil 590 Gas 706 Water 625 Flow 19 14N 6W Wm Wallace 1406 3h-18x, October 26, 2019 HH, OIL, …

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Permits to drill for April 10, 2020

Permits to drill issued on April 10, 2020. Canadian County JENSEN #2H-8-17, April 10 2020 08 11N 8W NENENWNW API: 01725619 Lat: 35.44872437474985, Long: -98.07522773875105 CITIZEN ENERGY III LLC MU, DR, 22230 ft, WOODFORD(11700)

Oklahoma Department of Commerce Launches Manufacturing Reboot Program

  The Oklahoma Department of Commerce , alongside Governor Kevin Stitt, announced the creation of the Oklahoma Manufacturing Reboot Program which will address the negative effects the COVID-19 pandemic has had on Oklahoma businesses, specifically manufacturers. Awards will range from $25,000 to $150,000, depending on market potential and long-term impact of the new production capabilities …

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Energy news in brief

** Phillips 66 will host its 2020 annual meeting of shareholders on Wednesday, May 6, at 9 a.m. CDT in a virtual-only format via live webcast. The meeting can be accessed at www.virtualshareholdermeeting.com/PSX2020 or the Phillips 66 Investors site at www.phillips66.com/investors under “Events and Presentations”. ** HollyFrontier Corporation announced that due to the emerging public health impact of the coronavirus pandemic (COVID-19) …

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Chesapeake shareholders to decide on reverse stock split

  Chesapeake Energy Corporation shareholders vote Monday on the company’s proposed reverse stock split. The company needs shareholder approval before it can move ahead with the financial move that comes as company stock is down 80% year to date. The board of directors called for the reverse stock split  as a means to increase the …

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Tulsa mining firm extends shutdown of Illinois coal mines

Tulsa-based Alliance Resource Partners, a major coal mining operator in the eastern U.S. is extending its temporary suspension of operations at its Ilinois Basin mines. Originally, the company intended for the suspension to end April 15 but now Alliance Resource says work will be suspended until April 26. The firm reached the new date after …

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Marathon Petroleum to shut down New Mexico refinery

Marathon Petroleum Corp. prepares to suspend operations at its refinery in Gallup, New Mexico as fuel demand has plummeted, leaving cars off the roads and planes out of the skies. It’s estimated a third of the world’s airliners are grounded so refinery operators like Marathon are reacting. Marathon will idle its New Mexico refinery and …

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Panhandle drought growing

If there isn’t moisture in this latest and hoped-for last blast of winter weather in the Oklahoma Panhandle, the drought is likely to grow. The Drought Monitor says wile more than 95% of Oklahoma is drought-free, it’s clear the Panhandle is not. Gary McManus, Climatologist with the Oklahoma Mesonet and the Oklahoma Climatological Society says …

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Banks prepare to take over some energy companies

  With the Chapter 11 bankruptcy of Whiting Petroleum Corp. and others possibly in waiting, such as Oklahoma City’s Chesapeake Energy, major U.S. lenders are reported to be making plans to collect billions in debt and become operators of oil and gas production companies. Chesapeake Energy as well as Denbury Resources Inc. and Callon Petroleum …

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