April 27, 2020 archive

Completion reports for April 27, 2020

Completion reports filed on April 27, 2020. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian(8234): Oil 426 Gas 610 Water 677 Flow Woodford(9337): Oil 426 Gas 610 Water 677 Flow 19 14N 6W Wm Wallace 1406 6h-18x, October 16, 2019 HH, OIL, TD: 19238 ft Lat: 35.66832, Long: -97.87524 API: 35017254270000 GRADY COUNTY Eog Resources Inc Woodford(9464): Oil 892 Gas 1268 Water 3727 Flow 12 9N 5W Livingston 0112 3h, February 10, …

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Permits to drill for April 27, 2020

Permits to drill issued on April 27, 2020. Grady County WILLY-T #SWD 1, April 27 2020 36 8N 7W SWSWSESW API: 05124782 Lat: 35.117257472383564, Long: -97.89398233290443 LAGOON WATER LOGISTICS LLC SH, DR, 8990 ft, SHAWNEE(5440), HEEBNER(6730), TONKAWA(7290), WADE(7542), COTTAGE GROVE(8470)

Oil drops 25% in Monday’s trading

  U.S. oil prices took another nose dive Monday as worries grew as quickly as the Cushing storage tank farm filled with oil because of the coronavirus pandemic. Futures dropped nearly 25% as West Texas Intermediate finished the day at $12.78, a drop of $4.16 or 24.56%. At one point, the WTI traded as low …

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Petroleum Alliance stands with Governor Stitt

Oklahoma’s largest oil and gas group, the Petroleum Alliance of Oklahoma came out Monday in support of Gov. Kevin Stitt’s request to President Trump of federal government protection for the industry because of an “act of God.” Gov. Stitt said the COVID-19 Pandemic should be declared a “Force Majeure” or “Act of God” and that …

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The People of Oklahoma Oil and Natural Gas are Providing Virtual Classroom Lessons

The people of Oklahoma Oil & Natural Gas are providing virtual classroom lessons that are taught by certified Oklahoma teachers and aim to provide students with supplemental lessons during distance learning. Developed by the Oklahoma Energy Resources Board (OERB), the OERB Virtual Classroom is an innovative, free program that provides fun, hands-on solutions to keep …

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Energy news in brief

** Civeo Corporation announced that it has scheduled its first quarter 2020 earnings conference call for Thursday, May 7, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Thursday, May 7, 2020. ** Venezuelans reported …

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Layoffs hit journalists who report on oil and gas cutbacks

  From the oil patch to the people who cover the oil patch—layoffs are hitting the journalists who report on the thousands who lost their jobs at Oklahoma oil and gas companies. Now someone’s writing about them. Gannett, owner of at least ten publications based in Oklahoma,  started laying off people at its newspapers across …

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Administration against Congresswoman Horn’s oil purchase plan

  While Oklahoma congresswoman Kendra Horn is pushing a plan for the government to buy up cheap U.S. oil for the country’s strategic oil reserve, she and her supporters have run into opposition with the Trump administration. Energy officials are expressing doubts the administration will create a workable plan to help the industry with such …

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Financial reports to reveal impact of oil crisis and pandemic

The impact of the coronavirus and the oil crisis on some of the nation’s leading oil and gas companies will be made readily evident this week and next week. BP reports its first-quarter earnings on Tuesday and Shell will follow suit on Thursday with giants ExxonMobil and Chevron on Friday. Those reports will give investors …

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Quarterly distribution announced by Blueknight Energy Partners

Despite the basement-bottom oil prices, Blueknight Energy Partners, L.P. in Tulsa announced a quarterly cash distribution. It wasn’t much, but the 4-cent a common unit was still a distribution in addition to the cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter that ended March 31, 2020. The declaration was …

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