August 6, 2020 archive

Completion reports for August 6, 2020

Completion reports filed on August 6, 2020. GARVIN COUNTY Citation Oil & Gas Corporation 18 1N 2W Story 6, October 18, 2018 DH, INJ, TD: 8856 ft Lat: 34.55283, Long: -97.45677 API: 35049251990000 JEFFERSON COUNTY Blue Devil Exploration Llc Viola(7241): Oil 156 Water 1676 Pump 9 5S 4W Wilson Cattle 1h-8, March 30, 2020 HH, OIL, TD: 14385 ft Lat: 34.13005, …

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Permits to drill for August 6, 2020

Permits to drill issued on August 6, 2020. Creek County DARNELL FARMS #1-6, August 06 2020 06 15N 9E CSWSESW API: 03729458 Lat: 35.799925882763716, Long: -96.39922750789877 WFD OIL CORPORATION SH, DR, 3650 ft, SKINNER(2250), RED FORK(2500), BARTLESVILLE(2625), DUTCHER(3030), WILCOX(3600) Muskogee County UNKNOWN #1, August 06 2020 20 14N 17E NENWNENW API: 10176037 Lat: 35.68181150230056, Long: -95.52918979085563 STATE …

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Oil snaps 4-day winning streak

  After climbing for four days, oil futures suffered a loss on Thursday and analysts said it was due to a surprising fall in U.S. weekly first-time jobless claims against continued pessimism about fuel demand. West Texas Intermediate crude for September dropped 0.6% or 24 cents and closed at $41.95 a barrel on the New …

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NGL Energy Partners LP announces new acreage dedication in the Northern Delaware Basin

  NGL Energy Partners LP in Tulsa announced the signing of a new long-term produced water transportation and disposal agreement in the Delaware Basin of southeast New Mexico. The agreement is with a leading independent producer operating in Eddy and Lea Counties in the basin, but NGL did not identify the producer. This agreement includes …

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New board member named by OGE Energy Corp.

  OGE Energy Corp., the parent company to electric utility OGE announced Thursday the addition of a new member to its board of directors. Luke C. Kissam, IV was chosen to serve on the board and his term will begin Sept. 1, 2020 and expire at the company’s annual shareholder meeting in May 2021. At …

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Tulsa’s Alliance Resource Partners reports $47 million 2Q loss

    A combination of COVID-19 and the country’s political conversion from coal to natural gas and renewable energies led to a second quarter drop in revenue for Alliance Resource Partners, L.P., the coal-mining company headquartered in Tulsa. The company reported a net loss of $46.7 million or 37 cents a share at the end …

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Despite losses, SandRidge Energy leader remains confident of survival

  His company just lost $216 million or more than $6 a share in the second quarter of 2020. This after the firm sold its downtown Oklahoma City headquarters in a $35 million deal. Yet SandRidge Energy’s CEO Carl Giesler is confident of the company’s future, telling a Thursday morning conference call, “Yesterday’s earnings release …

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EPA settles with Utah over Gold King mine disaster

  Remember the Gold King mine disaster in southern Colorado five years ago? EPA and Utah officials reached a settlement to resolve the state’s legal claims related to the Gold King mine disaster that spilled 3 million gallons of wastewater five years ago. As part of the settlement agreement , Utah will dismiss its legal claims against …

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Energy news in brief

** Texas-based Fieldwood Energy LLC filed for Chapter 11 bankruptcy on Aug. 4, making it the second time for the Houston-based offshore producer to enter bankruptcy in the past two years. The bankruptcy also follows the departure of Fieldwood’s founder, Matt McCarroll, in early July. ** One of the world’s largest oil companies just announced it would cut 40% …

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Bigger losses for Weatherford—more layoffs and reductions could be ahead

  A second quarter loss of $581 million has Weatherford International looking at more layoffs and office closures. The Texas company, which already let go some of its workers in Oklahoma operations reported a growing loss from the effects of the coronavirus pandemic. The company lost $581 million compared with $966 million in the first …

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