December 18, 2019 archive

Landowners lose fight against wind transmission line

A Missouri state appeals court has ruled in favor of regulators over rural landowners who were fighting the Grain Belt Express Transmission line to carry wind-powered electricity from Kansas to Illinois. The line runs across northern Missouri and in a ruling on Tuesday, the Missouri Court of Appeals Eastern District turned aside claims that the …

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Oil/gas downturn hits Texas harder than government first thought

The federal government estimates the downturn in the oil and gas industry has hurt Texas more than originally thought. The Federal Reserve Bank of Dallas announced this week it doubled its estimates of job losses in the state this year through October. The Bank expects nearly 8,100 job losses in the state’s oil and gas …

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Texas energy company reportedly plans $1 billion sale of some services

CenterPoint Energy Inc., a Houston company with 7 million customers in Oklahoma and several other states is said to be looking into the possible sale of two services units, a sale that could bring more than $1 billion. The company has not confirmed the report by Reuters which explained the possible sale was being considered …

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Chesapeake to increase amount of note exchange

  Chesapeake Energy Corporation announced its note exchange offer resulted in $3.22 billion dollars in notes validly tendered. It amounted to 71.4% of the existing notes as of 5 p.m. New York City time on Dec. 17, 2019. The company offered its new 11.5% Senior Secured Second Lien Notes due 2025 for certain outstanding senior …

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7 more Hamm wells produced 16,000 barrels of oil a day in STACK

The latest completion reports filed by Harold Hamm’s Continental Resources confirms his Oklahoma City company located an area of the STACK that has resulted in massive oil production from more sister wells. There must have been a lot of back-slapping at Continental when the Blaine County wells were completed. The company produced 7  more sister …

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Completion reports for December 17, 2019

Completion reports filed for December 17, 2019. BLAINE COUNTY Continental Resources Inc Mississippi Lime – Mississippian: Oil 1672 Gas 5135 Water 3417 Flow 30 15N 10W Schulte Federal 9-19-18xhm, August 18, 2019 HH, OIL, TD: 21859 ft Lat: 35.75351, Long: -98.29919 API: 35011241330000 Continental Resources Inc Mississippi Lime – Mississippian: Oil 1705 Gas 4820 Water 4224 Flow 30 15N 10W Schulte Federal 8-19-18xhm, August 20, 2019 …

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Permits to drill for December 17, 2019

Permits to drill issued for December 17, 2019. Creek County ESTER RICHARDS #11, December 17 2019 32 19N 7E CNWSWSW API: 03729445 Lat: 36.07831035614138, Long: -96.60103372169485 WELCH ENERGY LLC SH, DR, 3200 ft, LAYTON(1518), CLEVELAND(1832), PRUE(2280), SKINNER(2380), RED FORK(2505), BARTLESVILLE(2600), DUTCHER(2679), SIMPSON(2780), ARBUCKLE(2850) Kay County ETU #19-4, June 26 2019 19 25N 1E S2NESENE API: 07124910 Lat: …

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