Completion reports filed for November 5, 2019. BLAINE COUNTY Continental Resources Inc Mississippian(13790): Gas 32817 Water 2691 Flow 30 13N 13W Heckenberg 2-30-19xh, July 16, 2018 HH, GAS, TD: 25478 ft Lat: 35.56693, Long: -98.62253 API: 35011238530001 GRADY COUNTY Roan Resources Llc Woodford: Oil 641 Gas 978 Water 3083 Pump 24 10N 5W Needles 24-13-10-5 2xh, November 24, 2018 HH, OIL, TD: 19028 ft Lat: …
November 5, 2019 archive
Permits to drill for November 5, 2019
Permits to drill issued for November 5, 2019. Alfalfa County WESSELS 18-25-10 #1H, November 05 2019 07 25N 10W SWSWSWSW API: 00323390 Lat: 36.652745669559444, Long: -98.32365395797518 BCE-MACH LLC HH, DR, 11200 ft, MISSISSIPPIAN(5778) Blaine County BUFFALO HEIFER 18-10-32 #1MH, January 09 2019 05 17N 10W NENENENE API: 01124161 Lat: 35.984868762047746, Long: -98.28216121251494 CHISHOLM OIL & GAS OPERATING …
Devon reports strong earnings and increased oil production in 3Q
Oklahoma City’s Devon Energy reported 2019 third quarter net earnings of $109 million or 27 cents a diluted share along with a 22 percent increase in cash flow, resulting in an increase in the full year 2019 guidance for the company. Core earnings were $103 million or 26 cents a share while the operating cash …
Kansas City propane marketer faces court move to replace board of directors
Dealing with more than $2 billion debt, Kansas City-based Ferrellgas now faces a move in federal court by the trustee for the company’s employee stock ownership plan to replace the entire board of directors. The company is considered one of the largest propane marketers in the nation. Reports say GreatBanc Trust Co. of Illinois made …
Energy news in brief
** The Society of Exploration Geophysicists (SEG) has sold the Geophysical Resource Center (GRC) in south Tulsa for $27 million, land records show. The center is 78,992 square feet in size and was valued at $20 million when it was formally opened in 2015. It was intended to boost the Society’s revenue stream and offer more office space to Tulsa businesses. ** The city of Las …
EPA coal ash rules rollback won’t affect Oklahoma
The decision by the Environmental Protection Agency to roll back 2015 Obama administration rules targeting the storage and disposal of coal ash will apparently have no impact on enforcement in Oklahoma. At least that’s the indication from the Oklahoma Department of Environmental Quality which was put in charge of the coal ash enforcement in 2018, …
Oil/gas revenues slump in October in Oklahoma—other tax revenues were weak
Gross production taxes from oil and gas in Oklahoma fell nearly 30 percent in October compared to a year ago while the state’s overall tax collections were weak, increasing by less than one percent for a second consecutive month. State Treasurer Randy McDaniel said gross production taxes on oil and gas were $71.6 million for …
Two Permian Basin operators hit with environmental violations
Two Texas-based energy companies have been issued notices of violation by the New Mexico Environment Department over their operations in the Permian Basin. The U.S. Environmental Protection Agency also issued similar notices for the violations against Mewbourne Oil Co. which is based in Tyler, Texas and Matador Production Co. of Dallas. Both environmental agencies reported …
Cleanup underway of North Dakota oil leak
Canada’s TC Energy Corp reported it has recovered nearly half of the more than 9,000 barrels of oil from a pipeline leak in North Dakota. An estimated 4,300 barrels were reported recovered after last week’s leak in Walsh County which is in the northeast part of the state. “Preliminary work to expose and extract the …
Losses in the 3Q reported by Chesapeake Energy—spending cuts coming in 2020
Hit with a net loss of $61 million in the third quarter 2019, Oklahoma City’s Chesapeake Energy is preparing for spending cuts in its 2020 budget. The company also warned about its ability to continue as a going concern as its debt is close to $10 billion which is about four times the firm’s market …
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