Completion reports filed for October 25, 2019. CANADIAN COUNTY Wildcat Swd 1 Llc 22 11N 7W Union City Swd 1-22, August 30, 2019 SH, COMM, TD: 6520 ft Lat: 35.41947, Long: -97.93060 API: 35017252000002 CARTER COUNTY Xto Energy Inc Hewitt: Oil 117 Gas 30 Water 375 Pump 27 4S 2W Hewitt Unit 27-0405, August 22, 2019 SH, OIL, TD: 4195 ft Lat: …
October 25, 2019 archive
Permits to drill for October 25, 2019
Permits to drill issued on October 25, 2019. Beaver County MCGREW #2, October 25 2019 31 4N 24E CE2NENW API: 00722275 Lat: 36.77395782747131, Long: -100.5161368053864 SNYDER PARTNERS SH, RC, 5891 ft, CHASE(2664), LOVELL(4605), DOUGLAS(4618), TORONTO(4642), LANSING(4740) Cleveland County LINNEY #1-11, October 25 2019 11 9N 1E SWNWNWSW API: 02721501 Lat: 35.266338208900464, Long: -97.17526211018074 RANKEN ENERGY CORPORATION SH, …
Energy news in brief
** Massachusetts will now join New York in suing ExxonMobil over claims that it misled investors and deceived consumers about the risks of climate change. After more than three years of investigating, Massachusetts Attorney General Maura Healey sued Exxon. “We know this case isn’t going to be easy. Exxon fought us every step of the way,” Healey …
Rig counts plunge again in Oklahoma and across the U.S.
Oklahoma’s oil and gas industry took another big hit in terms of the state’s rig count in the past week as the number of active rigs slid to 54. The count dropped by six over the past week according to figures from Baker Hughes Co. One year ago, there were 141 active oil and gas …
AEP leaders optimistic about the future for the company
Leaders of American Electric Power, the parent company of Public Service Company of Oklahoma are optimistic about the earnings of the firm, earnings boosted by renewable energy investments. Nicholas K. Akins, chairman, President and Chief Executive Officer discussed the earnings and the optimism at AEP’s recent third quarter earnings call. He said the operating earnings …
SE Nebraska residents want bigger setbacks for wind turbines
Oil and gas wells aren’t the only things that some residents don’t want near their homes and businesses. In Nebraska, homeowners are fighting in one county for setbacks of wind towers. The fight is taking place in southeast Nebraska’s Gage County where the County Board of Supervisors is considering a request for expanded setbacks. The …
South Dakota backs off “anti-protest” law
A South Dakota anti-protest law fashioned after one adopted by Oklahoma in recent years won’t be fully implemented. State officials now say they will not enforce part of the laws that critics argued targeted Native American and environmental opponents of the proposed Keystone XL crude oil pipeline. South Dakota Gov. Kristi Noem and state Attorney …
SandRidge Mississippian Trusts face delisting from NYSE in November
Quarterly distributions were announced by two of the SandRidge Mississippian Trusts which received proceeds from the sale of oil and gas royalties covering the Mississippian formation in northern Oklahoma and southern Kansas. Both face apparent delisting on the New York Stock Exchange. The SandRidge Mississippian trust I, covering properties in Alfalfa, Garfield, Grant and Woods …
Drop in earnings for Phillips 66
While Phillips 66 Partners reported increased third quarter earnings, Phillips 66 reported a drop in earnings in the quarter. The company announced its quarterly earnings were $712 million, a significant drop from the $1.4 billion reported in the second quarter of 2019. However, excluding special items of $690 million in the third quarter, primarily impairments …
Increased earnings reported by Phillips 66 Partners
Phillips 66 Partners reported record earnings of $237 million or $1.15 per common unit in the third quarter, a slight increase over the earnings of the second quarter of the year. Adjusted EBITDA was $323 million up from the $319 million reported in the previous quarter. The company stated that the improvements are primarily due …
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