December 14, 2020 archive

Ascent Resources seeks $300 million in new investments

  Oklahoma City-based Ascent Resources Utica Holdings, LLC announced Monday it was seeking $300 million in investments through the offering of senior unsecured notes due 2028. The offering was made with Ascent’s wholly-owned subsidiary ARU Finance Corporation. The company stated it will use the proceeds to pay down part of its outstanding borrowings under its …

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Permits to drill for December 14, 2020

Permits to drill issued on December 14, 2020. permits: none were processed today

Completion reports for December 14, 2020

Completion reports filed on December 14, 2020.   completions: none were processed today

Energy aid fought as funding deadline nears

  Those in the energy industry are watching closely as the Friday deadline approaches for the US Senate approval of a $1.4 trillion omnibus spending package and whether it might include an energy package. Friday is a government funding deadline and negotiators have only a few days to finalize the massive government funding package. POLITICO …

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They call themselves “oilfield angels”

  Helping Oklahoma oilfield families in their time of need. And with high unemployment because of the COVID-19 pandemic, there is plenty of need across Oklahoma. But a grassroots coalition started by one woman and now supported financially by such groups as the Petroleum Alliance of Oklahoma is helping those that it can. The Alliance …

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Midwest refiners gear up to ship more gasoline to East Coast

  A report by Reuters indicated more U.S. Midwest refiners are taking steps to ship more gasoline and diesel to East Coast buyers because of closures of refineries and cutbacks at others. Refiners such as BP and Husky Energy are looking to East Coast markets to increase their sales and margins.  One energy group analyst …

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Wyoming energy sector still sees high jobless rate

Just as the energy industry, specifically oil and gas is dragging down the Oklahoma economy, other states are seeing the same development. Wyoming, a state where Oklahoma oil and gas developers have explored in the past and some firms have operations shipping oil to Cushing is suffering the same fate from the COVID-19 pandemic and …

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Oil hits 9-month high on vaccine rollout Monday

  The nation’s rollout of a vaccine to fight COVID-19 spurred investors on Wall Street Monday as crude oil futures hit a 9-month high. But it turned into a low for Oklahoma energy stocks. West Texas Intermediate crude for January delivery rose 42 cents to $46.99 a barrel in trading on the New York Mercantile …

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Snow’s not finished with Oklahoma

  More snow is in the forecast this week for parts of Oklahoma. It also means much colder weather with temperatures well into the teens and lower to be faced by any energy workers outdoors. State Climatologist Gary McManus with the Oklahoma Mesonet, who likes to keep a humorous slant to his weather forecasts reported …

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OK regulators postpone Wednesday meeting

  Oklahoma Corporation Commissioners have delayed a regular meeting that was scheduled for Wednesday morning at the state capitol. The delay was announced on Monday indicating that the meeting “will not occur.” An additional notification of the rescheduled meeting will come later. No reason was given for the announced delay. The meeting was scheduled to …

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