One way or another, the SandRidge Energy tower in downtown Oklahoma City is getting a new owner. What isn’t determined yet is if Robinson Park investment group, listed as the buyer in an SEC filing this week by SandRidge Energy will eventually turn it over to the state of Oklahoma. Reporter Randy Ellis with …
May 20, 2020 archive
Longtime ConocoPhillips Executive to retire
ConocoPhillips announced this week the retirement of Don E. Wallette, Jr. as executive vice president and chief financial officer after a successful 39-year career with the company. Wallette’s retirement is effective on Aug. 31, 2020. In conjunction with Wallette’s retirement, the company also announced that William (Bill) L. Bullock, Jr., currently president, Asia Pacific Middle …
Completion reports trickle in from new Oklahoma wells
A few completion reports continue to be filed with the Oklahoma Corporation Commission on new wells. Triumph Energy Partners LLC filed a report on the Nitzel 4-18 1412MH well completed in Blaine County at 7 14N 12W which is a site about 8 miles west of the community of Greenfield. The well had production of …
Devon changes shareholders meeting to ‘virtual’
Devon Energy Corp. announced a change in the time and format for its 2020 Annual Meeting of Stockholders. Because of continued concerns about the COVID-19 pandemic, the Annual Meeting will be held solely by remote communication, in a “virtual-only” format. The previously announced date of June 3, 2020, has not changed, but the meeting will …
Coronavirus virus payments returned by only a few oil and gas companies
Only a handful of the 12 oil and gas companies that received emergency government aid given small businesses due to the coronavirus pandemic have returned the funding according to U.S. securities filings. The U.S. Treasury Department offered amnesty to public companies that return money they borrowed by May 18, saying it would deem they …
Oil production to drop in June in the Anadarko Basin and other plays
Oil production is tumbling quickly in the nation’s shale plays including the Anadarko basin of which Oklahoma is a part where the U.S. Energy Information Agency says it’s dropped by 28,000 barrels a day. The EIA’s Drilling Productivity Report shows the Permian basin will suffer the highest loss in June at 197,000 barrels a …
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