June 2020 archive

Chesapeake Energy fights pipelines and FERC as part of bankruptcy filing

  As part of its bankruptcy filing Sunday, Oklahoma City’s Chesapeake Energy also filed suit against the Federal Energy Regulatory Commission in an attempt to prevent two pipeline companies from interfering with the bankruptcy. The suit against FERC asks the bankruptcy court in Texas, where the legal filing was made on Sunday, to prevent legal …

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Permits show drilling sites intended around Oklahoma

  Oklahoma’s latest drilling permits show exploration will range from the western reaches of the Panhandle to the southern part of the state. Grand Mesa Operating Company obtained a permit to drill on land owned by the State Land Commission in Cimarron County at 04 5N 4E. The Iron Jacket #1-4 is at a site …

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Could other energy firms follow Chesapeake into bankruptcy court?

  The bankruptcy filing by Oklahoma City’s Chesapeake Energy, one of the largest bankruptcies of an energy firm in recent years has fueled speculation about other energy firms that could follow suit. Could there be a ripple effect? Three were cited in a report by the Motley Fool which cited shrinking liquidity on the part …

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Chesapeake bankruptcy to affect other firms

  Chesapeake Energy’s filing for bankruptcy on Sunday might be a way for the company to eliminate billions in debt, but for other companies in the energy service and pipeline industry, it’s worrisome. That’s because some of those companies are among those owed the billions in debt or have service contracts with the Oklahoma City …

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Chesapeake Energy pulls the trigger and files bankruptcy

  After weeks of speculation, Oklahoma City-based Chesapeake Energy Corporation on Sunday announced that the Company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas—a move that came after billions in debt and layoffs in the past year. In the announcement, Chesapeake, laden with $7 billion in …

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Investor buys former Halliburton command center at El Reno

    Halliburton is a step closer to bringing a total end to its connections to El Reno, Oklahoma where the company closed its Remote Operations Command Center in December 2019. The company recently sold the 86-acre site where it had 32,252 square feet of office space and a 93,500 square foot maintenance shop. CBRE …

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Completion reports for June 26, 2020

Completion reports filed on June 26, 2020. CANADIAN COUNTY Cimarex Energy Co Mississippian(10298): Oil 644 Gas 12023 Water 2059 Flow 16 14N 10W Crowder Bia 1h-1621x, March 03, 2019 HH, GAS, TD: 21667 ft Lat: 35.69582, Long: -98.26247 API: 35017252470000 Red Bluff Resources Operating Llc Mississippian(7910): Oil 49 Gas 100 Water 2144 Pump Mississippian(7910): Oil 100 Gas 1322 Water 2350 Pump 9 13N 5W Waterloo 1305 1-9mh, June 21, 2019 …

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Permits to drill for June 26, 2020

Permits to drill issued for June 26, 2020. Cimarron County IRON JACKET #1-4, August 02 2019 04 5N 4E SENENESW API: 02521079 Lat: 36.9273161788516, Long: -102.63222622988486 GRAND MESA OPERATING COMPANY SH, AM, 5300 ft, PERMIAN(1700), LANSING(3400), MARMATON(4000), ATOKA(4400), MISSISSIPPIAN(5300) Custer County GINGER #1-11, June 26 2020 11 14N 18W CSWNENE API: 03922224 Lat: 35.7082322257635, Long: -99.07871898047601 DUNCAN …

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Crude prices just can’t overcome impact of COVID-19

  The growing spread of the COVID_19 pandemic appears to have caused crude oil prices to drop about 3% for the week with West Texas Intermediate crude finishing down 23 cents on Friday at $38.49 a barrel. The .59% drop on the New York Mercantile Exchange on Friday only added to the declines earlier in …

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PSO inks agreement with US Army at Fort Sill

  Public Service Company of Oklahoma , a unit of American Electric Power has signed a 30 year lease with the U.S. Army for siting of an energy resilience project at Fort Sill, Oklahoma. The proposed project is the result of collaboration between the Army and PSO.  Benefits of the project’s design include the addition …

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