May 4, 2018 archive

Hamm Strikes it Richer with Multi-Pad Drilling Sites in STACK

There is good reason why Harold Hamm is smiling these days. His company Continental Resources’ multi-pad drilling in Blaine County has resulted in wells producing a combined total of nearly 15,000 barrels of oil a day. It is another case of the STACK offering massive production. Completion reports filed recently showed two sites, the Gillian …

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Permits to Drill April 26-May 2

This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between April 26th and close of business on May 2nd.  There are two links on each line: – The SPOT link will take you to the well location on Google Maps.  So, if you need it, this will …

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Completion Reports April 26-May 2

Here is the Weekly Completions Report.  The table below provides a summary of the Completion tickets (Form 1002A) that have been published between April 26th and close of business on May 2nd. The table includes the Initial Production data for Oil (b/d), Gas (MCF/d) and Water (b/d). There are two links in the table: – The SPOT …

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April Tax Collections in Oklahoma Show Year-to-Year Improvements Thanks to Oil and Gas

Oklahoma Treasurer Ken Miller reports April Gross Receipts to the state treasury were up by more than 15 percent compared to one year ago. The report totaled $1.4 billion, the largest of the year, thanks to the income tax filing deadline. “This month’s gross receipts report again reflects a well performing economy,” said Miller. “Employment …

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Midstates Petroleum to Release Earnings Report May 9

Midstates Petroleum, the Tulsa company that sought a merger with Oklahoma City’s SandRidge Energy and failed, will announce its first quarter 2018 earnings on Wednesday, May 9. The results will be released after the close of trading on the New York Stock Exchange. A conference call will be held the next day at 7:30 a.m. …

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Tulsa’s Unit Corporation Begins Exploration in STACK

Tulsa’s Unit Corporation reported first quarter 2018 net income of $7.9 million and adjusted net income of $11.1 million. And for the first time, the company has started exploration in Oklahoma’s STACK play. The adjusted net income represented a 47 percent increase over the first quarter of 2017.  However, the net income was below the …

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Colorado School District Spends $14 million for Energy Efficiencies

The largest geographical school district in Colorado has taken a step toward energy-efficient improvements and is awarding a $14 million dollar contract to a California company to help. The Pueblo County School District 70, one created with the consolidation of 34 smaller districts in 1950 awarded the contract to Willdan Group Inc. The company will …

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SCOOP and STACK Operator to Release 1Q Earnings

One of the operators in Oklahoma’s STACK and SCOOP plays, Nine Energy Service Inc. plans to release its first quarter 2018 earnings on Monday, May 14. The company will hold a 10 a.m. Central Time conference call after releasing the results of the quarter ending March 31. Headquartered in Houston, Nine Energy also has operations …

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