July 22, 2020 archive

Chaparral avoids interest payment on notes and loans

Oklahoma City’s Chaparral Energy has entered into a limited forebearance agreement with some of its lenders and at the same time chose not to make a more than $13 million interest payment on its notes. In a filing with the Securities Exchange Commission, the company made the agreement under its Tenth Restated Credit Agreement dated …

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Promotions made at ONE Gas in Tulsa

  Tulsa’s ONE Gas Inc. announced some promotions this week including the election of Curtis L. Dinan to be the company’s senior vice president and chief commercial officer. Robert S. McAnnally was also chosen to be the firm’s senior vice president and chief operating officer. Dinan is the current senior vice president of commercial and …

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Alliance Resources to hold 2Q earnings call next week

  Tulsa’s Alliance Resource Partners, L.P. the company with major coal mining interests as well as oil production plans to report its second quarter 2020 financial results next week. The release of the report will be made prior to the opening of markets on Monday, July 27. Management of the company will hold a conference …

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Ovintiv Mid-Continent hits 3 Canadian County wells with 3,600 barrels of oil a day production

  Oklahoma’s STACK still has some big producers to yield, despite the near total collapse of oil and gas drilling in the state. This week, Houston-based Ovintiv Mid-Continental Inc. filed completion reports on three Canadian County sister wells with combined production of more than 3,600 barrels of oil a day. As OK Energy Today reported …

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Permits to drill for July 21, 2020

Permits to drill issued on July 21, 2020. Canadian County KLADE #1407 2H-3X, January 10 2020 10 14N 7W NWSESWSE API: 01725590 Lat: 35.69782111450725, Long: -97.92978422846953 OVINTIV MID-CONTINENT INC. MU, AM, 18866 ft, MISSISSIPPIAN(8201), WOODFORD(8685) Carter County SW WILDCAT JIM DEESE UNIT #22-2-I, July 20 2020 07 2S 2W NWNESWSW API: 01926400 Lat: 34.39380175023649, Long: -97.45502939446968 MACK …

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Completion reports for July 21, 2020

Completion reports filed on July 21, 2020. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian(8547): Oil 1290 Gas 1219 Water 1338 Flow 15 14N 7W Klade 1407 6h-3x, May 03, 2020 HH, OIL, TD: 19558 ft Lat: 35.69596, Long: -97.93372 API: 35017255950001 Ovintiv Mid-continent Inc. Mississippian(8723): Oil 1562 Gas 130 Water 1199 Flow 15 14N 7W Klade 1407 8h-3x, May 03, 2020 HH, OIL, TD: 19852 ft Lat: …

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Despite Dakota Access court ruling, more pipelines are being constructed

  Environmentalists are celebrating a string of wins that put the brakes on three major pipelines last week, but oil and gas industry insiders and even some green groups say those setbacks have barely made a dent in the sector’s growing web of infrastructure. Despite the high-profile courtroom losses by the Keystone XL and Dakota …

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Another look at the Chevron-Noble Energy deal

    The $5 billion deal made by Chevron to acquire historic Noble Energy, the company that got its start in Ardmore, Oklahoma is still resounding among analysts and speculators. Here are some considerations offered by Bloomberg. Patience is a virtue in M&A, especially in the rocky oil market. Chevron Corp. announced Monday that it …

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