After years of layoffs at the ConocoPhillips operation in Bartlesville, the company confirmed Thursday it plans to close the Bartlesville Labs by the end of the year. The Labs sector is located in the Phillips 66-owned Research Center and the closing is expected to be completed by the fourth quarter 2021. The company’s lease …
February 2021 archive
Manchin’s support likely to lead to Haaland’s confirmation as Interior Secretary
Wednesday’s announcement by Democratic Sen. Joe Manchin, chair of the Senate Energy and Natural Resources Committee that he will support New Mexico Rep. Deb Haaland to be interior secretary likely means the committee will approve her. His announcement followed one by Oklahoma U.S. Sen. James Lankford that he would not support the Democratic Congresswoman …
NOV sets date for 1Q earnings report
National Oilwell Varco plans to release its first quarter 2021 financial earnings report in April. The Houston-based company said the results will be made public after the market closes for trading on Tuesday, April 27. A conference call to be held by NOV executives will be held the next day, Wednesday April 28 at …
Energy veteran named to Governor’s new cabinet position
Oklahoma Gov. Kevin Stitt’s naming of two new cabinet secretaries this week included one with a long employment in the oil and gas industry. The governor named Jennifer Grigsby to be the secretary of economic administration. Grigsby is a certified public accountant and previously was employed by Chesapeake Energy Corp. for nearly 18 years. …
Completion reports for February 24, 2021
CADDO COUNTY Territory Resources Llc Marchand(9397): Oil 5.01 Gas 8 Water 5 Pump Medrano(9270): Oil 489 Gas 433 Flow 33 6N 9W Mad Max Campground 1-33, June 15, 2019 DH, OIL, TD: 10800 ft Lat: 34.94455, Long: -98.15598 API: 35015221150003 DEWEY COUNTY Tapstone Energy Llc Mississippian(10500): Oil 637 Gas 3174 Water 2209 Flow 13 19N 18W Rapp 12/1-19-18 3h, September 03, 2019 HH, OIL, TD: 19931 ft Lat: 36.12941, …
Permits to drill for February 24, 2021
Beaver County ADAMS #1-17, February 24 2021 17 6N 23EC CNE API: 00725349 CHARTER OAK PRODUCTION CO LLC SH, RC, 6480 ft, MORROW LOW(6080), CHESTER(6107) Grady County WRIGHT #2H-25-36, January 16 2020 25 10N 8W NWNWNWSE API: 05124748 Lat: 35.31170412521509, Long: -97.99709806088686 CITIZEN ENERGY III LLC MU, AM, 19755 ft, MISSISSIPPIAN(12300)
US crude hits $63 a barrel—$67 overseas
Crude oil prices made dramatic jumps in Wednesday’s trading. West Texas Intermediate crude for April delivery rose $1.55 to reach $63.22 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for April delivery increased $1.67 to settle at $67.04 a barrel on ICE Futures Europe. Natural gas wasn’t so …
Magellan Midstream Launches Open Season for Potential New Mexico Refined Products Pipeline Expansion
Magellan Midstream Partners announced it has started an open season to determine customer interest in possible expansion of its New Mexico refined petroleum products pipeline. The nearly 250-mile pipeline segment currently transports various grades of gasoline and diesel fuel from Magellan’s terminal in El Paso, Texas to terminals in Albuquerque, New Mexico owned by …
Oklahoma regulators to reconsider gas production rate following storm
After taking emergency action last week to increase production at 100% on unallocated natural gas wells in Oklahoma, Corporation Commissioners will meet Thursday to reconsider the rate. The emergency move was taken February 16 and the increased natural gas production helped supply gas to power plants in order to provide electricity during the rolling …
Net income up for Enable in 4Q but gas deliveries were down
Enable Midstream Partners, LP reported a fourth quarter 2020 net income of $96 million, an increase of $78 million over the fourth quarter of the previous year. But it also reported that revenues were $704 million for fourth quarter 2020, a decrease of $27 million compared to $731 million for fourth quarter 2019. Enable reported …