June 1, 2020 archive

Completion reports for June 1, 2020

Completion reports filed on June 1, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian: Oil 218 Gas 3147 Water 2622 Gaslift 10 25N 11W Buck Trust 3-25-11 2h, February 09, 2020 HH, OIL, TD: 10910 ft Lat: 36.66591, Long: -98.36725 API: 35003233950000 DEWEY COUNTY Tapstone Energy Llc Mississippian (less Chester): Oil 965 Gas 1800 Water 981 Flow 25 19N 14W Adams 24/13-19-14 1h, January 21, 2019 HH, OIL, …

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Permits to drill for June 1, 2020

Permits to drill issued on June 1, 2020. Carter County AXELROD #1-8-5XHW, June 01 2020 17 2S 3W N2NENENE API: 01926382 Lat: 34.39007732466907, Long: -97.52854007781728 CONTINENTAL RESOURCES INC MU, DR, 21655 ft, MISSISSIPPIAN(10563), SYCAMORE(10855), WOODFORD(11354)

US oil futures dropped Monday while Brent rose

  As tensions rose between Beijing and Washington over the prospects for crude demand, U.S. benchmark oil futures settled lower on Monday. But overseas, prices were up on reports that OPEC will meet June 4 to discuss a possible extension to the existing crude outputs. West Texas Intermediate crude for July delivery dropped 5 cents …

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NGL Energy Partners reports 4Q loss of $223 million and $1 billion increase in debt

Tulsa-based NGL Energy Partners LP  reported its fourth quarter and full year fiscal 2020 results revealing fourth quarter losses of $223 million, including a non-cash goodwill impairment charge of $250 million and a $1 billion increase in company debt. The $250 impairment was in the company’s Water Solutions segment. For the full fiscal year, NGL …

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More solar power being expanded in Taos

A northern New Mexico power company is planning extensive expansion of its solar operations. Taos-based Kit Carson Electric Cooperative’s largest solar array to date came online May 14, but the power company is developing two much larger facilities as it seeks to achieve 100 percent daytime solar energy by 2022 according to the Santa Fe …

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Electricity use slumps during pandemic

American Electric Power, the parent company to Public Service of Oklahoma reports a drop in the electricity use by its customers in 11 states during the month of April. AEP confirmed weather-normalized retail load for April dropped 4.3% compared to April 2019 with a 6% increase in residential sales, most likely caused by stay-at-home orders …

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Boil order issued for water system in Payne County

E. coli has been found in a water system in Payne County, resulting in a boil order issued by the Oklahoma Department of Environmental Quality. The Oklahoma Department of Environmental Quality (DEQ) has advised the MRT Properties water system, located in Payne County, to inform users of its drinking water to use water that has been brought to a …

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Energy news in brief

** A new report reveals oil and gas drilling has reached its lowest level since 1949 because of oil price volatility and the coronavirus crisis. ** OPEC+ members are in talks to lengthen current crude oil output curbs instead of loosening the restrictions as envisioned in their April agreement, per reports in Bloomberg and Reuters. ** The closing of the $252 million bankruptcy sale …

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Historic low rig count in Colorado

As OK Energy Today reported this week, the nation’s oil and gas rig counts continue dropping and that only six drilling rigs remained active in Colorado. The Colorado Sun reported it is an historic low for the state where the average for the month of May was only seven drilling platforms, the fewest in 28 …

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Icahn gets more control over Occidental Petroleum

Carl Icahn, the man known as the “corporate raider,” won three seats on Occidental Petroleum’s board Friday, giving the billionaire activist investor greater control over the direction of the embattled Houston energy company. It came two years after Icahn made a similar move and wrestled control of the now-failing SandRidge Energy company, a firm that …

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