March 26, 2021 archive

Completion reports for March 26, 2021

CADDO COUNTY King Energy Llc Woodford(8955): Oil 78 Gas 498 Water 1245 Pump 5 6N 12W Baker 5-8 1wh, January 15, 2021 HH, OIL, TD: 14537 ft Lat: 35.02280, Long: -98.49339 API: 35015233090000 CARTER COUNTY Mack Energy Co Deese(2700): Oil 40 Gas 10 Water 60 Pump 7 2S 2W Sw Wildcat Jim Deese Unit 11-2, March 26, 2020 SH, OIL, TD: 4282 ft Lat: 34.40207, Long: …

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Permits to drill for March 26, 2021

Beaver County ROCK (ENTROPY) #2-ID, March 26 2021 30 4N 25EC CNW API: 00723616 LATIGO OIL AND GAS INC SH, RC, 7307 ft, CHEROKEE(6342), MORROW SAND(7019), CHESTER LIME(7087) Grady County BRIDGE CREEK #1H-14, September 04 2020 14 9N 5W SENENENW API: 05124797 Lat: 35.260577806486, Long: -97.69814676773214 CITIZEN ENERGY III LLC HH, DR, 14805 ft, MISSISSIPPIAN(9500) Stephens County …

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Tall Oak Midstream expands holdings in Oklahoma

    Dallas-based Tall Oak Midstream expanded its Oklahoma holdings with the recent acquisition of Redcliff Midstream, a provider of gas gathering, treating and processing services to producers in Oklahoma’s STACK play. Neither company disclosed the financial amounts involved. Redcliff Midstream, founded in 2017 as a wholly owned subsidiary of Canyon Midstream Partners II, LLC …

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Energy news in brief

** Oil prices could be affected if an anticipated high tide doesn’t remove a massive container ship that is blocking the Suez canal. “If the high tide fails to move the ship, we could see another short squeeze in oil with extended drawdowns in inventories,” Phillip Streible, chief market strategist at Blue Line Futures, told MarketWatch. ** …

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Chesapeake on the hunt for an acquisition of a Houston firm?

A report suggests that Oklahoma City’s Chesapeake Energy Corp. is one of two firms reportedly interested in acquiring Alta Resources of Houston just a few months after emerging from bankruptcy. Bloomberg reported that Alta Resources, a closely held natural gas explorer drew the interest of potential buyers. Chesapeake Energy and EQT Corp. were among those …

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DUCS shrinking across the oil patch

  The number of DUCS, drilled uncompleted wells in Oklahoma and other oil-producing states is shrinking according to a report by Bloomberg. The new group said the number of the DUCs is expected to decline to less than 5,000 by the final three months of 2021. That’s a drop of nearly 2,000 wells compared to …

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Biden administration goes after oil and gas industry’s use of federal lands

  In the Biden administration’s latest move against the oil and gas industry, it has launched a review to weigh the value of the federal drilling program to taxpayers against the environmental costs. It’s part of President Biden’s free of new drilling lease auctions, an action he took in the first days of his presidency …

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