May 27, 2020 archive

Oil prices take a 4% drop over tensions with China and worries about Russia

After climbing slowly for the past week, U.S. oil futures on Wednesday took a 4% drop and analysts blamed it on growing tensions between the U.S. and China. July West Texas Intermediate oil fell $1.54 or 4.5% and settled at $32.81 a barrel in trading on the New York Mercantile Exchange. Front-month July Brent crude …

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Space X launch scrubbed due to storms

  The SpaceX launch was scrubbed Wednesday only 16 minutes away from launch at Cape Canaveral where the U.S. was prepared to launch an American rocket from U.S. soil to the International space Station as part of NASA’s Commercial Crew Program. NASA Administrator Jim Bridenstine, the former Republican congressman from Tulsa called the capsule and …

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Age credit issue prompts another SEC filing by Devon Energy

  Devon Energy wants to make sure its shareholders understand it does not make a regular practice of awarding age credits to its executives. In a second proxy filing made this week with the Securities and Exchange Commission, the Oklahoma City energy company also defended the age credits given last year to two of its …

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Feds assume investigation of unemployment fraud in the state

The Oklahoma State Bureau of Investigation (OSBI) and the Unemployment Fraud Task Force (UFTF) has found evidence many fraudulent claims for unemployment benefits in Oklahoma were generated over the state line and possibly out of the country. Because of that, the U.S. Department of Labor’s Office of Inspector General and the U.S. Secret Service has …

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OGE Energy Corp. reports results of annual shareholders meeting

  OGE Energy Corp. reported the results this week of its recent annual shareholders meeting showing the election of 10 members of the Board of Directors and the company’s proposed executive officer compensation. A filing with the Securities Exchange Commission showed that shareholders did not approve an amendment of the restated certificate of incorporation to …

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More wells completed in Oklahoma

  Completion reports filed this week with the Oklahoma Corporation Commission show there is still some drilling interest in the state, including one well completed just days before the advent of the coronavirus pandemic. Gulfort Midcon LLC reported completion of two sister wells at 32 5N 5W, a site about 2 miles southwest of the …

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Completion reports for May 26, 2020

Completion reports filed on May 26, 2020. CUSTER COUNTY Toklan Oil & Gas Corporation Cottage Grove(8570): Oil 203 Gas 18 Water 1180 Gas Lift 24 15N 16W Jones 24-25hcg 1, March 11, 2020 HH, OIL, TD: 14407 ft Lat: 35.76240, Long: -98.85234 API: 35039225840000 DEWEY COUNTY Tapstone Energy Llc Mississippian: Oil 124 Gas 999 Water 694 Flow 19 19N 17W Randi 18/7-19-17 3h, June 26, 2019 …

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Permits to drill for May 26, 2020

Permits to drill issued on May 26, 2020. permits: none were processed today

The people of Oklahoma Oil and Natural Gas are offering free online classes for displaced industry professionals

The people of Oklahoma Oil & Natural Gas are offering free online classes to industry professionals who are out of work in an effort to help them add skills to their resumes. Four classes, Excel Levels 1-3, SQL, Python and Resume & Writing, are being offered virtually through the Oklahoma Energy Resources Board’s (OERB) PetroTech …

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More jobs are being lost in pandemic in Oklahoma

  More people are losing their jobs because of the coronavirus pandemic. The 21C Hotel in downtown Oklahoma City notified the state Office of Workforce Development last week that it intended to begin the layoff of 109 employees this week. However, there are no plans for the hotel to shut down operations. This week, workers …

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