Regulators in Texas meet Wednesday to consider a request to force a reduction in crude oil production and the move has the support of Oklahoma’s billionaire oil producer Harold Hamm. The founder of Oklahoma City’s Continental Resources Inc. wrote the Texas Railroad Commission last week stating his support for prorationing of oil. Oilman Mike Cantrell …
Members of the Oklahoma Energy Producers Alliance say it’s time for Oklahoma Corporation Commissioners to lower production of crude oil. They have put their request in the form of a legal filing with the regulators. On Friday, the group filed a formal case with the commission, asking for their request to be heard ‘en …
Even as Encana Corp. was reorganizing last fall to become U.S. based Ovintiv Inc., the company was busy drilling four sister STACK wells that ended up producing more than 2,000 barrels of oil a day in Canadian County. Ovintiv Mid-Continent Inc. filed completion reports this week on the four William Wallace 1406 wells located …
