January 16, 2021 archive

OGE gets national award for storm responses

    The Edison Electric Institute announced OG&E as a recipient of its Emergency Response Award following power restoration from the July severe storm and October ice storm in 2020. OG&E was selected by a panel of judges following an international nomination process, and the awards were presented during EEI’s virtual Winter Board and Chief …

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ONEOK’s 4Q earnings report to be released in February

    ONEOK, Inc. will release fourth quarter and year-end 2020 earnings after the market closes on Feb. 22, 2021. ONEOK’s executive management will participate in a conference call the following day at 11 a.m. Eastern Standard Time (10 a.m. Central Standard Time) on Feb. 23, 2021. The call also will be carried live on …

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ConocoPhillips Completes Acquisition of Concho Resources

  The more than $13 billion acquisition of Concho Resources by ConocoPhillips was completed in recent days. The acquisition adds 550,000 net acres in the Permian along with 200,000 bbl/d oil output and 719 MMcf/d gas production to Conoco’s holdings. It also increases the firm’s Permian output by six-fold.    “This acquisition results in the …

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Crude oil prices finished down on Friday

  After making significant gains last week, oil futures on Friday dropped and analysts blamed fresh outbreaks of COVID-19 in China for taking the glow off the outlook for energy demand. West Texas Intermediate crude for February delivery plunged $1.21 before settling at $52.36 in trading on the New York Mercantile Exchange. That represents a …

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Completion reports for January 15, 2021

Completion reports issued on January 15, 2021. BECKHAM COUNTY Bce-mach Llc Des Moines(12372): Oil 42 Gas 422 Water 105 Flow 17 10N 26W Sonny 4-17, November 10, 2020 SH, OIL, TD: 14700 ft Lat: 35.34058, Long: -99.97587 API: 35009217280001

Permits to drill for January 15, 2021

Permits to drill issued on January 15, 2021. Latimer County SCHARFF #5, January 15 2021 01 5N 19E SENENENW API: 07721518 Lat: 34.94109551649173, Long: -95.25371442664517 MERIT ENERGY COMPANY DH, RC, 15610 ft, LOWER ATOKA(11822), ATOKA BASAL (SPIRO)(15398) Love County AKIN SWD #1, November 18 2020 24 8S 1E NWSWSWSW API: 08521320 Lat: 33.84033772707438, Long: -97.15980378985408 FIRST ASCENT …

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First electric-powered fracking carried out by Halliburton

  Halliburton announced it carried out the oil and gas industry’s first electric grid-powered fracturing job. The Houston-based company said the new kind of fracturing was done on several pads for Cimarex Energy Company in the Permian Basin and started in November. The Denver-based company not only has been active in Oklahoma but also in …

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