February 2, 2021 archive

Completion reports for February 2, 2021

Completion reports filed on February 2, 2021. ALFALFA COUNTY Trans Pacific Oil Corporation Mississippian(4891): Oil 56 Gas 124 Water 341 Pump 32 29N 12W Kisling A 1-32, December 02, 2020 SH, OIL, TD: 5550 ft Lat: 36.94580, Long: -98.51337 API: 35003233970001 CUSTER COUNTY Blake Production Company Inc Oswego(9879): Oil 995 Gas 867 Water 534 Flow 31 15N 14W Sabertooth 1-31h, July 09, 2019 HH, OIL, TD: …

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Permits to drill for February 2, 2021

Permits to drill for February 2, 2021. Kingfisher County CAROL FIU 1607 #2H-18X, February 02 2021 19 16N 7W NESWSESW API: 07326722 Lat: 35.84265529456221, Long: -97.98908405589387 OVINTIV MID-CONTINENT INC. MU, DR, 18518 ft, MISSISSIPPIAN(8110), WOODFORD(8600

Oil futures continue their increase as WTI approaches $55

  Oil futures went up more than 2% in Tuesday’s trading after producers and investors received word that OPEC production increases were not as high as some thought. Plus, investors liked the fact that major producers showed some sign of putting the reins on output. West Texas Intermediate crude gained $1.19 or 2.2% to finish …

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Another temporary closing of Corporation Commission website

  The Oklahoma Corporation Commission prepares for a second temporary shutdown of its website. The Commission announced the site will not be available on Thursday, Feb. 2021 for an hour, from 5:30 p.m. to 6:30 p.m. Oklahoma time. It will allow the state agency that manages the Information Technology services to make necessary maintenance updates. …

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ConocoPhillips reports $800 million in losses in 4Q

  ConocoPhillips announced Tuesday it suffered a loss of $800 million in the fourth quarter of 2020 and $2.7 billion for the entire year. The four quarter loss amounted to 72 cents a share compared to 2919 fourth quarter earnings of $0.7 billion or $0.65 per share. The company said excluding special items, the fourth-quarter …

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Obama’s old WOTUS could be resurrected

  When the Obama administration created the Waters of the U.S. Rule, farm groups in Oklahoma put up a fight and eventually won as the Trump administration revoked the controversial measure. But now with Joe Biden in the White House, it might be brought back. POLITICO reported the Biden administration has started asking federal courts …

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Wind industry still deals with old wind turbine blades

  A report in the Texas Standard raises the growing question of what to do with old wind turbine blades, especially in a state that is ranked number one in wind power production in the U.S. In Casper, Wyoming, more than 1,100 blades are buried in a “wind turbine graveyard” built in the past two …

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Energy news in brief

** Cactus, Inc. announced that it will issue its fourth quarter and full year 2020 earnings release after market close on Wednesday, February 24, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, February 25, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). ** BP swung to its …

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Chesapeake prepares to come out of bankruptcy with $1 billion note offer

  As it prepares to emerge from Chapter 11 bankruptcy, Oklahoma City’s Chesapeake Energy Corporation announced the offering of $1 billion in senior notes….presumably a move to give the company more available cash to head forward with its operations. The private offering includes $500 million in senior unsecured notes due 2026 and another $500 million …

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Enviros fight Public Service Company’s coal plant move in New Mexico

  A fight’s brewing in northwest New Mexico where environmentalists are challenging plans by Public Service Co. to abandon its share of the coal-burning Four Corners Power Plant near Farmington. Environmentalists contend the plan would violate New Mexico’s landmark energy law. The Associated Press reported the groups called New Energy Economy and Citizens for Fair …

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