January 2021 archive

Kansas City Fed tenth district manufacturing activity increased at a faster pace

    A January survey taken by the Federal Reserve Bank of Kansas City indicated manufacturing activity in Oklahoma and other states making up the Tenth District increased at a faster pace compared to a month ago.   “Regional factories reported more growth in January,” said Chad Wilkerson, Vice President and Economist at the bank. …

Continue reading »

State line finally to be changed at Lake Texoma in Oklahoma and Texas

  This is the story of how a mussel left government bureaucracy totally confused and also led to the filing of a bill in the Oklahoma legislature to re-establish the Red River Boundary Commission. Why re-establish the Commission? It’s a long story but one that bears to be told. It started in 2009 when the …

Continue reading »

BlackRock’s big squeeze on oil and gas could hit some Oklahoma firms

  As the world’s largest asset manager with $9 trillion in assets under management, BlackRock Inc. is putting more pressure on oil and gas companies over climate change. Two of them could be in Oklahoma. BlackRock’s CEO Larry Fink disclosed this past week how his firm will pressure companies to expand their efforts to lower …

Continue reading »

Oklahoma water researchers plan Ogallala aquifer study in March

  The Oklahoma Water Resources Board is reaching out to water well owners in the state as it begins research to determine the current groundwater availability of the Ogallala aquifer. The Board announced it is conducting research for an upcoming study on the aquifer which will provide a new groundwater flow model for both the …

Continue reading »

Ovintiv files more reports on big oil producers in Oklahoma plays

  Ovintiv Mid-Continent Inc. apparently had stockpiled its completed wells in Oklahoma as it filed a continuing list of big producers including two Garvin County wells from a single pad with production of more than 3,700 barrels of oil a day. The Denver, Colorado-based company also filed reports on two Canadian County wells on a …

Continue reading »

Friday proved a down day for Oklahoma and other energy stocks

Operators and investors of Oklahoma energy stocks have to be wondering what the week will bring…more Biden moves against the industry? What can bring their stocks back into positive territory after Friday’s down day. Oil futures in the U.S. settled lower as well and reportedly because of concerns about energy demand. West Texas Intermediate crude …

Continue reading »

SandRidge Mississippian Trust I to be dissolved by 3Q of 2021

  The SandRidge Mississipian Trust I with assets in northern Oklahoma should be dissolved totally by the third quarter of this year according to an announcement made this week. The Trust owns royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma and is …

Continue reading »

Phillips 66 cuts 4Q losses to $539 million

  Phillips 66 reported a slight improvement in cutting losses as its fourth quarter losses totaled $539 million, down from the $799 million reported lost in the third quarter of 2020. The company said excluding special items of $32 million, it had an adjusted loss of $507 million. In the third quarter, its adjusted loss …

Continue reading »

Permits to drill for January 29, 2021

Permits to drill issued on January 29, 2021.   Pittsburg County MARGUERITE #3-2/11H, June 24 2019 35 8N 17E SENESESE API: 12124850 Lat: 35.11855818748596, Long: -95.47298943563584 TRINITY OPERATING USG LLC MU, AM, 18675 ft, MISSISSIPPIAN(7400), WOODFORD(7810) Pittsburg County MARGUERITE #3-2/11H, June 24 2019 35 8N 17E SENESESE API: 12124850 Lat: 35.11855818748596, Long: -95.47298943563584 TRINITY OPERATING USG LLC …

Continue reading »

Completion reports for January 29, 2021

Completion reports filed on January 29, 2021. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian(8338): Oil 894 Gas 707 Water 1682 Flow 14 14N 7W Brueggen 1407 2h-2x, May 05, 2020 HH, OIL, TD: 19507 ft Lat: 35.69437, Long: -97.92015 API: 35017255800000 Ovintiv Mid-continent Inc. Mississippian(8499): Oil 860 Gas 250 Water 1567 Flow 14 14N 7W Breuggen 1407 4h-2x, May 04, 2020 HH, OIL, TD: 19740 ft Lat: …

Continue reading »