October 2019 archive

3 Chesapeake Energy directors acquire more shares

Filings with the Securities and Exchange Commission show three directors of Chesapeake Energy recently acquired thousands in shares in the company. Directors Leslie Starr Keating and Thomas L. Ryan each acquired 18,797 at a value of $1.33 each making for an acquisition of $25,000 in company stock. The acquisition leaves Keating with 267,896 shares and …

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Oil patch revenue drop hits state treasury in Oklahoma

The slowdown in Oklahoma’s oil patch has started to affect the monthly receipts to the State Treasury.  Treasurer Randy McDaniel announced the September Gross receipts were up less than one percent and he said it was driven by a downturn in oil and gas tax collections as well as a drop in sales tax revenues. …

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Phillips 66 to repurchase $3 billion in company stock

Phillips 66 announced that the board of directors has approved a new share repurchase program that authorizes the company to repurchase up to $3 billion of its common stock, bringing the total amount of share repurchase programs authorized by the board since 2012 to an aggregate of $15 billion. The board also declared a quarterly …

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Marathon Oil brings in another Kingfisher County well

Marathon Oil Company filed a completion report on a Kingfisher County well with production of more than 1,100 barrels of oil a day. The Mike Stroud Bia 1509 7-8-33mxh well, located at 33 15N 9W or about 11 miles west of the city of Okarche had an August 2018 spud date. Drilling was finished in …

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Completion reports for October 4, 2019

Completion reports filed on October 4, 2019. CANADIAN COUNTY Red Bluff Resources Operating Llc Mississippian: Oil 338 Gas 664 Water 2319 Pump 3 13N 5W Simpson 4-3mh, November 11, 2018 HH, OIL, TD: 12310 ft Lat: 35.62422, Long: -97.71708 API: 35017252540000 GRADY COUNTY Continental Resources Inc Goddard(11879): Oil 57 Gas 28 Water 1709 Flow 23 7N 6W Lowers 5-14-11-2xhs, October 09, 2018 HH, OIL, TD: 18228 …

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Permits to drill for October 4, 2019

Permits to drill issued on October 4, 2019. Blaine County HOLSTEIN #3-27-34-3XHM, October 04 2019 27 15N 12W SWNWNWNW API: 01124242 Lat: 35.75316960633264, Long: -98.47178858471084 CONTINENTAL RESOURCES INC HH, DR, 27225 ft, CHESTER(10734), MISSISSIPPIAN(11774), MISSISSIPPI LIME(11985), MISS’AN LM(12205) Blaine County HOLSTEIN #7-27HM, October 04 2019 27 15N 12W W2NWNENE API: 01124241 Lat: 35.75330691678103, Long: -98.45832526039406 CONTINENTAL RESOURCES …

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Rig counts drop again in Oklahoma and across the US

The rig counts in Oklahoma and across the rest of the U.S. dropped again in the past week.  The state’s count fell 3 to 63. A year ago, there were 143 oil and gas rigs active in the state. Nationally, the count fell by 5 to 855. Oil rigs fell by 3 to 710 and …

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Part of Texas wind farm for sale

  Brookfield Asset Management Inc. is considering selling its stake in Wind Energy Transmission Texas, which could fetch $400 million to $500 million, according to people familiar with the matter. The Toronto-based alternative asset manager is working with financial advisers to seek buyers for its 50% stake in the company, said the people, who asked …

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Researchers study better battery storage for wind farms in Iowa

  Wind farm development has been stalled in northern Iowa where the best winds blow. The reason?  Lack of development of an extensive power grid in that part of the state. As a result, Iowa State University with grants from the Iowa Economic Development Authority has started researching development of better and stronger forms of …

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Solar power to provide electricity in Columbia, Missouri

Boone County in Missouri might be getting a new solar power plant in the near future. Boone Stephens Solar, a company connected to Colorado-based energy developer Dakota Power Partners, is seeking endorsement from the Columbia Water and Light Advisory Board for its plan to build a new solar power plant by the end of 2023. …

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