** A SEC filing by Chesapeake Energy shows President and CEO Robert D. Lawler recently acquired 50,000 shares in the company. The shares were valued at $0.9148 each resulting in a total acquisition worth $45,740. The acquisition results in Lawler owning 5,133,298 shares in the company. ** Federal regulators have ordered the Keystone pipeline to remain …
November 2019 archive
No formal increase in Oklahoma speed limits despite new law
Despite a new speed limit law that took effect Nov. 1 in Oklahoma, signs on I-35 and I-40 and other highways remain the same. Most state 70 mph as the limit and the reason is this—the State Department of Transportation is still studying whether, when and where to increase limits to 75 miles an hour. …
Report predicts tough times ahead in US oil production
A prediction of a “major slowdown” in U.S. oil production has been made by IHS Markit which says the nation’s output will fall from 440,000 barrels a day in 2020 to “essentially flattening out” in 2021. The report also assessed what shale producers are already doing as indicated in third quarter 2019 reports….they are cutting …
Roan suspends drilling operations pending merger vote
As Oklahoma City’s Roan Resources, Inc. prepares to formally merge with Tulsa’s Citizen Energy Operating, LLC, the company has temporarily shut down drilling, development and completion activities. The firm stated in its third quarter 2019 earnings report the move will give new CEO Rick Gideon time to assess Roan’s overall operations plan. He took …
Blueknight energy shows increased 3Q earnings
Tulsa’s Blueknight Energy Partners, L.P. reported increased third quarter earning as net income was $7 million compared to $2.4 million reported in the same period in 2018. The increase came after a failed attempt by Ergon to acquire the Oklahoma company last summer. The company’s adjusted earnings before interest, taxes, depreciation and amortization was $18 …
Numbers reflect slowdown in U.S. oil and gas drilling
The latest international rig count announced by Baker Hughes shows how drilling has slowed in the U.S. as numbers for October 2019 were down from a year earlier. The average U.S. rig count for October 2019 was 848, down 30 from the 878 counted in October 2019, and down 214 from the 1,062 counted in October 2018. The average …
Continued drilling activity in Kingfisher County
Kingfisher County continues to see more wells drilled and completed as the latest completion reports on file with the Oklahoma Corporation Commission showed this week. Eight more wells were completed in the county that makes up the STACK including five by Chisholm Oil and Gas Operating LLC of Fort Worth, Texas. All five were in …
Completion reports for November 6, 2019
Completion reports filed for November 6, 2019. GRADY COUNTY Roan Resources Llc Mississipian: Oil 123 Gas 2222 Water 1096 Flow 28 10N 6W Braum 33-10-6 2h, August 17, 2018 HH, GAS, TD: 15630 ft Lat: 35.30573, Long: -97.83219 API: 35051243270000 HASKELL COUNTY Trinity Operating Usg Llc Mississippian / Woodford: Gas 2994 Water 3001 Flow 7 7N 19E Alyssa 1-7/6h, June 11, 2019 HH, GAS, TD: …
Permits to drill for November 6, 2019
Permits to drill issued for November 6, 2019. Beaver County SLATTEN #1, October 22 2019 32 4N 22E SESWSESE API: 00725710 Lat: 36.76369945782106, Long: -100.70669018444039 GLB EXPLORATION INC SH, AM, 7700 ft, HOOVER(4600), TORONTO(4810), CHESTER(6910) Canadian County ROBERT 1306 #1-23WH, November 06 2019 23 13N 6W SENWNWNW API: 01725559 Lat: 35.59297258468648, Long: -97.81474267610976 RED BLUFF RESOURCES OPERATING …
Kinder Morgan acquires Southcross pipelines in $76 million acquisition
A bankruptcy court judge has given approval for Houston’s Kinder Morgan Inc. to acquire a pipeline network owned by bankrupt Dallas-based Southcross Energy Partners LP in a $76 million deal. The U.S. Bankruptcy Court for the District of Delaware signed off on the acquisition last month in an announcement made this week. Other assets that …
