June 15, 2020 archive

Completion reports for June 15, 2020

Completion reports filed on June 15, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(6420): Oil 179 Gas 370 Water 823 Gaslift 19 24N 10W Jenkins Family Trust 19-24-10 1h, January 22, 2020 HH, OIL, TD: 11303 ft Lat: 36.53605, Long: -98.31264 API: 35003233930000

Permits to drill for June 15, 2020

Permits to drill issued on June 15, 2020. Canadian County LOVES #2H-21-16, June 15 2020 21 11N 7W NWSWSESE API: 01725625 Lat: 35.407211699579484, Long: -97.94098315356835 CITIZEN ENERGY III LLC MU, DR, 20774 ft, MISSISSIPPIAN(10325), WOODFORD(10575) Canadian County LOVES #3H-21-16, June 15 2020 21 11N 7W NWSWSESE API: 01725624 Lat: 35.407211702739595, Long: -97.94088248578937 CITIZEN ENERGY III LLC MU, …

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Oil prices increase by about $1 to reach $37 a barrel in US

  US and European oil prices were up in Monday’s trading with West Texas Intermediate July futures increasing more than 2%. WTI rose 86 cents and settled at $37.12 a barrel in trading on the New York Mercantile Exchange. Brent crude rose $1.12 or 2.89% to finish the day on ICE futures at $39.85. Natural …

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Energy news in brief

** Arkansas utility regulators are expected to evaluate three proposed solar farms this summer, including one that has a battery storage plan. ** While Murray Energy’s bankruptcy case could soon wrap up, it doesn’t resolve questions about how long the struggling coal industry can last with competition from natural gas and renewables. ** An Australian company with a troubled Kentucky coal …

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Key Energy names new Chief Financial Officer

Key Energy Services, Inc. announced Monday the appointment of Nelson Haight as Senior Vice President, Chief Financial Officer and Treasurer. Haight is an accomplished professional with three decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, restructuring, refinancing, growth acquisitions, strategic and organizational planning …

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Federal Reserve Bank reports Oklahoma’s economy is starting to improve

  The Oklahoma City Branch of the Federal Reserve Bank of Kansas City released the latest Oklahoma Economic Snapshot showing the state’s economy is starting to pick up following the shutdown caused by the coronavirus pandemic. “Since March, COVID-19 and the collapse in commodity prices have presented significant challenges for the state and U.S. economies. …

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Colorado’s Extraction Oil and Gas files Chapter 11

Denver-based Extraction Oil and Gas, a company that focused its operations entirely on the Wattenberg Field of the Denver-Julesburg Basin in Colorado has filed Chapter 11 reorganization bankruptcy in the U.S, Bankruptcy Court for the District of Delaware. Shares fell at least 30% in Monday’s pre-market trading after the company announced it voluntarily filed for …

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BLM approves expansion of southern Colorado coal mine

The federal government has approved the expansion of a southern Colorado coal mine near Durango, a move that could see the mine in operation for at least another 20 years. The Durango Herald reported it’s official: GCC Energy has been issued the lease for its expansion of the King II coal mine in western La …

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Sustainability report released by Phillips 66 includes climate change

  In releasing its annual Sustainability Report, Phillips 66 has included a section on climate change. The company included it along with Environmental Stewardship, Social Responsibility, Operating Excellence and Financial Performance. Phillips 66 has published its 2020 Sustainability Report titled “Greater Good,” making it digitally available to employees, communities and investors at www.phillips66.com/Sustainability. This year’s report …

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North Dakota oil production plunged 15% in April,

North Dakota energy officials say the fall in the state’s oil production in April was the largest ever one-month decline but likely will be surpassed when May figures are available. Oil production in North Dakota fell by a record 15% in April, state data showed Friday, and officials forecast a steeper drop in May. North …

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