May 7, 2020 archive

Completion reports for May 7, 2020

Completion reports filed on May 7, 2020. BLAINE COUNTY Paloma Operating Co Inc Mississippian: Oil 270 Gas 1752 Water 1216 Flow 29 15N 10W Hammerhead 20-15n-10w 9mh, August 20, 2019 HH, OIL, TD: 16853 ft Lat: 35.75329, Long: -98.29449 API: 35011241140000 CUSTER COUNTY Citizen Energy Iii Llc Mississippian: Gas 11221 Water 1562 Flow 3 13N 14W Rlp 2h-3-10, February 21, 2018 HH, GAS, TD: 23119 …

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Permits to drill for May 7, 2020

Permits to drill issued on May 7, 2020. permits: none were processed today

Oil slips a 2nd day to less than $24 a barrel in US

  For a second straight day, oil prices in the U.S. slipped along with optimism that earlier had resulted in five consecutive days of higher prices. Thursday, prices for West Texas Intermediate crude dropped 44 cents and settled at $23.56 a barrel in trading on the New York Mercantile Exchange. It represented a 2 % …

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Energy news in brief

** Oil companies argued before an appeals court yesterday that a climate lawsuit led by Colorado communities should be moved to federal court. **  Navajo Power partners with solar developer sPower on a co-development deal to pursue a 200 MW solar bid with an Arizona utility. ** A conspiracy theory that baselessly links 5G  technology with the coronavirus has led …

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Mammoth Energy delays release of quarterly earnings report

Mammoth Energy Services, Inc. announced that its earnings announcement for the quarter ended March 31, 2020, previously scheduled for release Thursday, has been postponed. An announcement confirming the date, time and call-in information of Mammoth’s earnings announcement and conference call will be provided at a later date. The Oklahoma City-based company offered no explanation for the …

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Energy Index plummets to historic level in Oklahoma

  Another signal of a devastated oil and gas economy in Oklahoma was revealed Thursday with the posting of the Oklahoma Energy Index which saw its single largest decline in March. The Index, a joint project of IBC Bank, the Petroleum Alliance of Oklahoma, and the Steve C. Agee Economic Research and Policy Institute fell a …

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Regulators adopt emergency oil storage rule in Oklahoma

  By a 2-0 vote, Oklahoma Corporation Commissioners on Thursday approved emergency rules allowing the storage of crude oil off-lease sites, something that was requested as purchasers of cheap oil wanted the ability to store their crude. After an hour-long debate concerning questions of the April 1 implementation date for applications, an issue initially raised …

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Jobless claims hit high point in pandemic in Oklahoma

  As Oklahoma businesses begin to reopen, the number of initial Unemployment Insurance claims filed with the Oklahoma Employment Security Commission (OESC) reached its highest weekly reported level since the onset of the Energy and Covid-19 crises. For the week ending May 2, 2020, unadjusted initial claims in Oklahoma totaled 68,237, an increase of 15,737 …

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Gasoline prices rise in Oklahoma and 10 other states

Gasoline prices increased in about a dozen states including Oklahoma in the past week and pushed the national average up a penny to $1.78 a gallon. Oklahoma’s average rose 5 cents from a week ago to $1.42 according to AAA Oklahoma. Oklahoma City’s average rose four cents to $1.44 as the city kissed goodbye to …

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OK regulators approve moratorium on utilities collecting unpaid bills

  Oklahoma Corporation Commissioners on Thursday came out in support of a proposed order regarding moratoriums by utilities from collecting unpaid bills as a result of the COVID-19 pandemic. They support the moratorium but also say utilities at a later time should be allowed to attempt to collect bad debts. By a 3-0 vote, the …

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