November 2020 archive

Camino Natural Resources finishes two Canadian County wells

  Denver-based Camino Natural Resources LLC reports the completion of two wells from a single pad in Oklahoma’s Canadian County. The Guthrie 1207 well and its sister, the Geronimo 1207 had combined production of 703 barrels of oil a day from a pad located at 31 13N 7W, a site a few miles due north …

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Completion reports for November 2, 2020

Completion reports filed on November 2, 2020. CANADIAN COUNTY Camino Natural Resources Llc Mississippian(10267): Oil 598 Gas 2329 Water 1028 Flow 31 13N 7W Guthrie 1207 6-7 3mxh, August 26, 2020 HH, OIL, TD: 20698 ft Lat: 35.55375, Long: -97.98676 API: 35017255630000 STEPHENS COUNTY Citation Oil & Gas Corporation Humphrey(5486): Oil 8 Gas 1 Water 405 12 2S 4W Evmbu (J.l. Martin “c”#2) 203, June …

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Permits to drill for November 2, 2020

Permits to drill issued on November 2, 2020. Carter County SW WILDCAT JIM DEESE UNIT #17-2-I, September 21 2020 07 2S 2W SENWNWSW API: 01926406 Lat: 34.396384602587936, Long: -97.45630217505149 MACK ENERGY CO DH, AM, 4900 ft, DEESE(4900) Carter County SW WILDCAT JIM DEESE UNIT #13-3, October 06 2020 07 2S 2W NWSWSWNW API: 01926410 Lat: 34.39957621107472, Long: …

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WPX Energy Posts Loss of $148 Million for 3Q 2020

Tulsa-based WPX Energy reported a loss of $148 million, or $0.26 per diluted share, according to a press release issued by the company on Monday. The loss primarily was driven by a $110 million net loss on derivatives resulting from non-cash forward mark-to-market changes in the company’s hedge book, and a loss on the extinguishment …

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Williams Posts $308 Million in Net Income for 3Q 2020 Performance Results

Tulsa-based Williams announced strong 3Q20 results for the third quarter of 2020, according to a company press release issued on Monday. The energy company reported net income of $308 million, or $0.25 per diluted share, up $88 million when compared to net income of $220 million, or $0.18 per diluted share for 3Q19. Highlights include: …

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ONE Gas Reports Slight Increase in 3Q20 Results

Tulsa’s ONE Gas, Inc. announced its third quarter 2020 financial results on Monday showing a slight increase in net income and year to year income and declaring a quarterly dividend. Third quarter 2020 net income was $21.1 million, or $0.39 per diluted share, compared with $17.5 million, or $0.33 per diluted share, in the third …

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Oklahoma DEQ Offers Environmental Education Grants

The Oklahoma Department of Environmental Quality is accepting grant proposals for its Environmental Education Grant Program.  The grant must promote enthusiasm in youth for learning about the environment and natural resources. The grant is available for Oklahoma teachers, public or private (Preschool – 12th Grade), school environmental clubs, youth group leaders and/or organizations with a …

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Unit Corporation Taps Mark Schell, Drew Harding for New Posts

As part of its recent management reorganization, Tulsa-based Unit Corporation appointed Mark E. Schell to the position of Executive Vice President and Chief Strategy Officer. Schell was formerly the company’s Executive Vice President, Secretary and General Counsel. Schell joined Unit Corporation in January 1987 as its Secretary and General Counsel. In 2003, he was promoted …

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NGL Provides Update on Grand Mesa Pipeline Customer Bankruptcy Case

A federal bankruptcy court in Delaware recently granted a summary judgment motion in favor of a Grand Mesa Pipeline, LLC customer, ruling Extraction Oil & Gas, Inc.’s Transportation Sales Agreements do not reflect a valid covenant that runs with the land under Colorado law. In a press release issued on Monday by Tulsa-based NGL Energy …

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Oil futures go up for first time in four trading sessions

Maybe it was nervousness over the Presidential election. Or possibly it was because OPEC + plans to postpone plans to curb its production cuts. Then there is always growing worries about the impact of COVID-19’s surge in Europe. Whatever, oil futures were up in Monday’s trading, representing the first increase in four trading session. West …

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