June 4, 2020 archive

Completion reports for June 4, 2020

Completion reports filed on June 4, 2020. CANADIAN COUNTY Camino Natural Resources Llc Woodford(9838): Oil 182 Gas 1345 Water 2911 Flow 3 12N 7W Mount Scott 1207 4-9 1wxh, March 10, 2020 HH, OIL, TD: 19776 ft Lat: 35.55062, Long: -97.93620 API: 35017255480000 Chaparral Energy Llc Mississippian(9196): Oil 426 Gas 1169 Water 252 Flwg 20 12N 6W Denali 1206 4umh-20, December 10, 2019 HH, OIL, TD: …

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Permits to drill for June 4, 2020

Permits to drill issued for June 4, 2020. Nowata County GARRETT PHASE II #6B, June 04 2020 01 26N 14E NESESESW API: 10541269 Lat: 36.758663467482755, Long: -95.76525457047637 ROCKY TOP ENERGY LLC SH, DR, 1250 ft, BARTLESVILLE(1200) Nowata County GARRETT PHASE II #9B, June 04 2020 01 26N 14E NWSESESW API: 10541245 Lat: 36.75866354277704, Long: -95.7663810316911 ROCKY TOP …

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Oil prices made small gains in Thursday’s trading

Both US and European oil prices saw minor gains in Thursday’s trading. Benchmark U.S. crude oil for July delivery rose 12 cents. The West Texas Intermediate price settled at $37.41 a barrel in trading on the New York Mercantile Exchange. Brent crude for August delivery rose 20 cents in ICE Futures trading and ended the …

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Weekly Jobless Claims Remain at Record Level

The number of initial claims for unemployment benefits filed with the Oklahoma Employment Security Commission (OESC) for the week ending May 30, 2020, shows the impact of business closures and job loss due to COVID-19, as well as  the oil industry crisis, which all continues to grip the Sooner State’s economy and families. For the …

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Oklahoma tax revenues dropped in May with oil down 59% from a year ago

The coronavirus pandemic continued to make its presence known in this month’s Oklahoma Gross Receipts to the Treasury, State Treasurer Randy McDaniel announced as he released data showing a 14 percent drop in May revenue collections. Oil and gas gross production revenues plunged 59% from a year ago. Gross receipts for May total $923.1 million, …

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Regulators’ “waste” order to last more than 2 months

The interim order issued by Oklahoma Corporation Commissioners this week allowing oil producers to voluntarily shut in producing wells because of low prices will last until early August. The move came in a 2-1 vote with Commissioners Todd Hiett and Dana Murphy in support while Commissioner Bob Anthony opposed the effort. The order, approved on …

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Activist investor seeks to unseat three Weatherford board members

One of Weatherford International’s largest investors is attempting to unseat three members from the troubled oil-field service company’s seven-member board of directors. New York investment management firm and activist investor D.E. Shaw Group, which holds Weatherford’s bonds and 3.5 percent of the company’s shares, said Monday it will try to remove Weatherford board Chairman Thomas Bates …

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Energy news in brief

** A suburban Omaha county passes new zoning regulations that could complicate or possibly undo a utility’s plans for a major solar project and gas plant to serve the city. ** Attorneys for Enbridge and the Michigan attorney general argue in court over whether a 2018 law paving the way for a pipeline tunnel in the Straits of Mackinac was constitutional. …

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US House Dems unveil climate-friendly transportation bill but Republicans cry foul

  While the nation wrestled with protests that turned violent over the death of George Floyd in Minneapolis, politics as usual was underway in the nation’s capitol and it focused on—climate change. Democrats on the House Transportation Committee released their $494 billion, five-year surface transportation bill on Wednesday, prompting scorn from their Republican colleagues who say they …

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Stallion Oil field services opens new rental division

  While it’s struggling like other oil and gas providers, Houston’s Stallion, a company with field offices in El Reno and Elk City, Oklahoma announced intentions to expand its business with StallionRents. The new division will be something of a man-camp provider in the oilfields and other sites. StallionRents will provide large construction, plant maintenance, …

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