June 18, 2020 archive

Completion reports for June 18, 2020

Completion reports filed on June 18, 2020. CANADIAN COUNTY Citizen Energy Iii Llc Woodford(10003): Oil 230 Gas 825 Water 986 Flow 27 14N 8W Heupel 2h-22-15, December 13, 2019 HH, OIL, TD: 17587 ft Lat: 35.66668, Long: -98.03640 API: 35017255150001 Citizen Energy Iii Llc Woodford(10020): Oil 244 Gas 946 Water 1014 Flow 27 14N 8W Heupel 1h-22-15, December 03, 2019 HH, OIL, TD: 19701 ft Lat: …

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Permits to drill for June 18, 2020

Permits to drill issued on June 18, 2020. permits: none were processed today

US crude oil prices reach nearly $39 a barrel

  Crude oil prices were up in Thursday’s trading in the US and in Europe. West Texas Intermediate July futures rose 88 cents or 2.3% a share before settling at $38.84 in trading on the New York Mercantile Exchange. Brent crude rose 77 cents or 2% and finished at $41.48 on ICE futures. Natural gas …

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Chesapeake works on new credit agreement

A Securities and Exchange Commission filing by struggling Chesapeake Energy reveals the company has made an amendment and waiver to credit agreement from 2018. As part of the credit agreement, the borrowing base has been redetermined to decrease to $2.3 billion. The filing also stated that the request for the amended credit agreement was made …

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Continental Resources to restore production at some of its wells in July

  Oklahoma City’s Continental Resources, Inc.  announced an update on its voluntary production curtailments saying it intends to resume production of some of its wells in July. The company previously announced it would curtail 70% of operated oil production in May, with continued curtailments into June. In July, the Company expects to partially begin resuming …

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Renewed debate over BLM’s oil and gas lease sales

    Ninety-four parcels of federal public land in New Mexico and West Texas that were offered in the Bureau of Land Management’s May oil and gas lease sale postponed due to the COVID-19 pandemic were added to the BLM’s August lease sale in addition to 19 more parcels in New Mexico, Oklahoma and Texas. …

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Energy news in brief

** Major producers at a an OPEC-led meeting of the Joint Ministerial Monitoring Committee reportedly are planning to make up for failing to fully meet their production cut targets last month. Iraq reportedly told the committee that it plans to stick to its output cut pledge this month and agreed to terms to make up for missing …

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Texas energy firm pleads in environmental crimes case in Pennsylvania

  Pennsylvania Attorney General Josh Shapiro announced that Range Resources, a Forth Worth company, has pleaded no contest to environmental crimes at two Washington County sites in the state of Pennsylvania. The charges are the product of a two-year investigation from Shapiro’s office into the fracking industry according to The Allegheny Front. The company will …

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Drought explosion hitting Oklahoma

The Oklahoma Mesonet reports the state’s drought is rapidly growing and it is working its way from the Panhandle to northwest parts and approaching central Oklahoma. Some records dating back to the Dust Bowl of the 1930s have been broken by the lack of rainfall and one expert calls it a “drought explosion.” State Climatologist …

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Increased biofuel blending ahead for refineries

  The EPA will require an extra 500 million gallons of biofuel blending over the next two years under the Renewable Fuel Standard in an effort to meet the requirements of a 2017 court order, according to published reports. In 2017, the D.C. Circuit Court of Appeals found that EPA had improperly used waivers to lower …

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