Author's posts
Another new crude oil pipeline under construction in West Texas
Some of the Oklahoma exploration companies and others drilling in West Texas might see a little more pipeline relief following the announcement of a joint venture to build another line taking oil out of the Delaware Basin. But it also might mean a wait of several months until the line to be built by Salt …
Stock dividend declared by Murphy Oil
Murphy Oil based in El Dorado, Arkansas announced this week it had declared a 25-cent a share quarterly cash dividend on its common stock. It translated into $1 a share on an annualized basis and is payable on Dec. 3, 2018 to stockholders of record as of Nov. 12, 2018. Murphy Oil Corporation is a …
Chesapeake pays off two year old $1 billion bank loan
A Securities and Exchange Commission filing shows Oklahoma City’s Chesapeake Energy has paid off a more than $1 billion loan it had received two years ago from Deutsche Bank Trust Company Americas. The filing referred to the Aug. 23, 2016 loan from the bank which totaled $1.5 billion. However, Chesapeake used money from the Sept. …
OKOGA blasts Edmondson’s latest oil and gas tax hike plan
When Democrat candidate for Oklahoma governor Drew Edmondson said this week he wanted to raise the state’s gross production tax on oil and gas to fund mental health services, it caught the attention of one industry group. And it wasn’t kind in what it had to say about Edmondson’s proposal. The Oklahoma Oil and Gas …
STACK and SCOOP plays keep on giving
One of the largest wells reported this week in Oklahoma’s STACK saw production of more than 1,400 barrels of oil a day. The Brown Family 1-13-24xh well, 12 16N 13W and located about 6 miles northwest of Watonga was brought in by Continental Resources. Its official completion showed production of 1,443 Boed along with 9,729 …
Permits to drill issued on Oct. 3, 2018
Permits to drill issued on Oct. 3, 2018. Blaine County FRIESEN #1-31-6XHM, November 07 2017 31 13N 12W SENWNWNE API: 01123870 Lat: 35.56507424858912, Long: -98.51601262719545 CONTINENTAL RESOURCES INC HH, AM, 24420 ft, MISSISSIPPIAN(14465), WOODFORD(15010), HUNTON(15300) Canadian County SWITZER 5-8-11-5 #3WXH, September 04 2018 05 11N 5W NENENWNW API: 01725264 Lat: 35.46344892166924, Long: -97.7567570665941 ROAN RESOURCES LLC HH, …
Completion reports for Oct. 3, 2018
Completion reports for Oct. 3, 2018. BLAINE COUNTY Continental Resources Inc Mississippian(9778): Oil 1443 Gas 9729 Water 1691 Flow 12 16N 13W Brown Family 1-13-24xh, May 26, 2018 HH, OIL, TD: 21485 ft Lat: 35.87105, Long: -98.52681 API: 35011238800000 GARVIN COUNTY Newfield Exploration Mid-con Inc Woodford(12846): Oil 692 Gas 5857 Water 171 Flow 23 3N 4W Ferguson 4h-14x, January 10, 2018 HH, OIL, TD: 20820 …
“Mini-boom” underway in Oklahoma’s oil and gas industry
The Oklahoma City University professor behind the Oklahoma Energy Index is talking of a “mini-boom” when it comes to the improvements of Oklahoma’s oil and natural gas industry. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said a bullish outlook for crude oil prices supports expectations of continued …
Rep. Mullin gets endorsement from GOP energy group
Oklahoma Congressman Markwayne Mullin is among the latest to get a congressional endorsement from the GOP clean energy group Citizens for Responsible Energy Solutions. The group endorsed the 2nd District Republican Representative in an announcement on Wednesday as he seeks re-election in eastern Oklahoma. Mullin has served in the U.S. House since 2013 and is …
Denver Appeals Court hears methane gas and flaring case
After overturning a federal judge’s ruling in the methane gas fight on federal lands, the U.S.10th Circuit Court of Appeals in Denver heard from states and environmental groups who want to keep the Obama-era rules. The Appeals Court listened Tuesday to those who contend the Interior Department should not eliminate the older rules that regulated …
