July 29, 2020 archive

Completion reports for July 29, 2020

Completion reports filed for July 29, 2020. CANADIAN COUNTY Citizen Energy Iii Llc Mississippian: Oil 535 Gas 2848 Water 473 Flow 34 11N 6W Skywalker 34-11-6 1mh, December 16, 2019 HH, OIL, TD: 14794 ft Lat: 35.37802, Long: -97.82504 API: 35017253730000 Paloma Operating Co Inc Mississippian: Oil 683 Gas 700 Water 1191 Flow 11 12N 7W Pamunkey 14-12n-7w 4mh, March 18, 2020 HH, OIL, TD: 14562 …

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Permits to drill for July 29, 2020

Permits to drill issued on July 29, 2020. Grady County EULA MAE #3-23-26XHW, July 29 2020 14 3N 5W NESESWSW API: 05124790 Lat: 34.725841100917094, Long: -97.69967635208207 CONTINENTAL RESOURCES INC MU, DR, 25384 ft, MISSISSIPPIAN(14694), WOODFORD(15165), HUNTON(15274) Grady County EULA MAE #4-23-26XHW, July 29 2020 14 3N 5W NWSWSWSE API: 05124791 Lat: 34.72592329897386, Long: -97.6944597775891 CONTINENTAL RESOURCES INC …

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Oil prices get a lift as EIA reports the biggest weekly U.S. crude supply decline of the year

  As U.S. government data showed a more than 10-million-barrel weekly decline in U.S. crude, despite a slight increase at Cushing, Oklahoma, oil futures ended higher. The decline in crude storage was the largest so far this year and as a result, West Texas Intermediate crude for September delivery rose 23 cents or 0.6% to …

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Oklahoma oil and gas expo canceled over coronavirus

  The OERB has canceled its 2020 Oklahoma Oil and Gas Expo because of the COVID-19 pandemic. The organization said it was canceled “to protect the health and safety of exhibitors and attendees.”  Originally set for October 15th, the annual event hosted by a committee of the Oklahoma Energy Resources Board (OERB) is the largest …

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Tulsa Mayor, Lt. Gov. complain of Tulsa being slighted by Oklahoma regulators

  Energy leaders in northeast Oklahoma joined this month with city leaders in Tulsa and four state senators in asking the Oklahoma Corporation Commission to do something about what they perceive to be an understaffing of the Commission’s Tulsa offices. In a July 8 letter, Lieutenant Gov. Matt Pinnell, Tulsa Mayor G.T. Bynum and Senators …

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AOC’s water permit plan won’t float in a House committee

  The sigh of relief you hear might be coming from those in the oil and gas industry who thought New York Democratic Congresswoman Alexandria Ocasio-Cortez’ bill to block the Army Corps of Engineers from issuing water permits for oil and gas lines would be successful. It won’t. POLITICO reports the House Rules Committee voted …

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Wyoming lawmakers advance bill extending more tax relief to oil and gas operators

  Legislators in Wyoming are pushing a plan to offer more tax relief to the struggling oil and gas industry, a plan that includes spurring more mineral production and capital investment in the state. The Casper Star Tribune reported a legislative committee passed a bill, that if it were to become law would reduce Wyoming’s …

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Energy news in brief

** Denver-based Liberty Oilfield Services Inc.  announced second quarter 2020 financial and operational results. Cash and cash equivalents increased by $68 million to $125 million for the quarter ended June 30, 2020. Total liquidity was $207 million at the end of the second quarter 2020. ** Concho Resources Inc. announced that its Board of Directors declared a …

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Hamm says oil industry needs ‘sound economics’ rather than another boom

    One of the pioneers of the Bakken shale play said Tuesday he expects to see “a decent recovery” for the oil industry by year’s end, with more wells coming online in 2021. “It will recover,” said Harold Hamm, executive chairman of Continental Resources. “It may not be a boom. We don’t need a …

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Cypress suspends quarterly distributions due to COVID-19

  Tulsa’s Cypress Environmental Partners, L.P. announced Wednesday a suspension of quarterly distributions because of the COVID-19 pandemic. The company’s board of directors of its general partner elected to suspend the quarterly distributions until further notice. The board said the move was a response to the “energy industry challenges and the COVID-19 crisis” and made …

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