February 16, 2021 archive

OK regulators approve emergency directive to utilities amidst storm

  It took Oklahoma Corporation Commissioners until Tuesday night to issue an emergency directive to utilities in the state, asking them to prioritize the delivery of natural gas and electrical power to customers in the middle of a second round of a major winter storm. As heavy snow hit the state with a second round …

Continue reading »

Completion reports for February 16, 2021

Completion reports filed on February 16, 2021. DEWEY COUNTY Derby Exploration Llc Mississippian(11085): Oil 239 Gas 5146 Water 1132 Flow 30 18N 14W Chain 20-29-1xh, November 16, 2020 HH, GAS, TD: 18160 ft Lat: 36.00079, Long: -98.72626 API: 35043237100000 GARVIN COUNTY Continental Resources Inc Woodford: Oil 43 Gas 5468 Water 1201 Flow 32 3N 4W Condit 4-5-8-17xhw, July 23, 2020 HH, GAS, TD: 26317 ft Lat: …

Continue reading »

Permits to drill for February 16, 2021

Permits to drill issued on February 16, 2021. Kingfisher County POLLARD 35-18-6 #1H, February 16 2021 26 18N 6W SESESWSE API: 07326740 Lat: 36.000923379706485, Long: -97.80528601556124 BCE-MACH III LLC HH, DR, 12326 ft, MISSISSIPPIAN (LESS CHESTER)(6844)

Continental Resources reports $92 million 4Q loss and expansion in Wyoming

  While Continental Resources reported a total 2020 net loss of nearly $597 million or $1.65 per diluted share, the Oklahoma City energy indicated it plans an expansion of its Wyoming drilling operations in March. It is finalizing a $215 million acquisition in Wyoming. The full-year 2020 adjusted net loss was $424 million or $1.17 …

Continue reading »

Devon reports 4Q loss of $102 million and won’t fund expansion projects

  Devon Energy Corp. reported a net loss of $102 million or 27 cents per diluted share in the fourth quarter of 2020, according to the earnings report released Tuesday following the close of markets. The company’s CEO also made it clear Devon won’t finance any expansion projects for now. During the quarter, Devon also …

Continue reading »

Oil reaches $60 in US and OK energy stocks made gains

  While Arctic temperatures fell across Oklahoma on Tuesday afternoon, closing oil prices finished higher in trading and U.S. prices reached the $60 mark for the first time in more than a year. Benchmark U.S. crude oil, West Texas Intermediate for March delivery climbed 58 cents to finish at $60.05 a barrel in trading on …

Continue reading »

Learjet to end production after nearly 60 years

  The decision by Bombardier to stop production of the Learjet stunned not only Wichita, Kansas where the corporate aircraft is manufactured but no doubt its supporting facilities, as well as users. It will bring an end to the iconic-corporate jet that has been produced for nearly 60 years and was linked to oil and …

Continue reading »

Legislator’s energy bills draw opposition in Oklahoma House

  An Oklahoma House Committee will meet Wednesday, weather providing, to consider a bill to promote renewable natural gas. House Bill 1815 by Moore Rep. Mark McBride will be heard by the House Energy and Natural Resources Committee during a scheduled hearing at 3 p.m. The bill would have the legislature declare that “renewable natural …

Continue reading »

Gov. Stitt on blackouts—-‘thank goodness for coal’

  It appears that were it not for stockpiles of coal, the rolling blackout issue in Oklahoma this week would be worse. At least that’s the claim from Gov. Kevin Stitt in a Tuesday morning interview on KWTV News 9. “Thank goodness we had stockpiles of coal at the generation plants because right now, 46% …

Continue reading »

Blackouts could lead to Southwest Power Pool investigation

  Oklahoma Energy Secretary Ken Wagner suggested that an investigation by the Southwest Power Pool is likely into the unprecedented spike in natural gas spot market prices over the past week as Arctic temperatures blanketed the region. Interviewed Tuesday on KOTV News, he indicated questions are being raised. “I’ve been in talks and conversations with …

Continue reading »