December 2019 archive

Chesapeake warned its low prices could mean removal from NYSE

Weeks after some of its trusts received delisting warnings from the New York Stock Exchange, Chespeake Energy in Oklahoma City received the same warning in the past week. The NYSE warned the company that its trading of stock could be removed if the price of shares didn’t improve above $1. The warning came after Chesapeake …

Continue reading »

New Mexico minister tells UN he fears oil and gas expansion in his state

A minister from Carlsbad, New Mexico is one of those who spoke to the UN’s COP 25 Climate Change Conference in Spain, expressing concern over the growth of the oil and gas boom in his state. The Rev. David Rogers expressed a fear of environmental damage caused by the fossil fuel industry as it widens …

Continue reading »

Rig counts worldwide are down according to Baker Hughes

Baker Hughes announced that the Baker Hughes international rig count for November 2019 was 1,096, down 34 from the 1,130 counted in October 2019, and up 105 from the 991 counted in November 2018. The international offshore rig count for November 2019 was 247, up 5 from the 242 counted in October 2019, and up 41 from the 206 counted in November 2018. The average …

Continue reading »

Newfield hits pay dirt again in Oklahoma’s Kingfisher County

Houston’s Newfield Exploration Mid-Con LLC  unloaded at least 18 completion reports in the past week in Oklahoma including two series of 5 wells on a single pad with production of more than 3,300 barrels of oil a day at one site and more than 2,300 on the other in the STACK. The Ken Fred 1608 …

Continue reading »

Completion reports for December 5, 2019

Completion reports filed for December 5, 2019. COAL COUNTY Newfield Exploration Mid-con Inc Woodford(8475): Gas 7214 Water 441 Flow 28 3N 11E Brown 0311 5h-33, April 17, 2019 HH, GAS, TD: 13900 ft Lat: 34.69608, Long: -96.15811 API: 35029213860000 ELLIS COUNTY Fourpoint Energy Llc Cleveland(8937): Oil 327 Gas 675 Water 708 Pump 24 19N 26W Knowles 25×36-19-26 1ha, January 28, 2019 HH, GAS, TD: 19480 …

Continue reading »

Permits to drill for December 5, 2019

Permits to drill issued on December 5, 2019. Alfalfa County WHITE 24-25-11 #2H, December 04 2019 24 25N 11W SESESWSW API: 00323392 Lat: 36.623473987560615, Long: -98.3391928892461 BCE-MACH LLC HH, DR, 10873 ft, MISSISSIPPIAN(5885) Blaine County GAMBILL FEDERAL #6-7-1XH, December 05 2019 07 18N 13W NESESWSW API: 01124246 Lat: 36.04432927924356, Long: -98.63303096343678 DERBY EXPLORATION LLC HH, DR, 20408 …

Continue reading »

State tax collections drop and Treasurer blames slowdown in oil and gas industry

For the first time in more than two and a half years, monthly Gross Receipts to the Treasury are less than collections from the same month of the prior year due to a number of key factors, State Treasurer Randy McDaniel announced Thursday. And he blamed what has happened in the oil and gas industry. …

Continue reading »

Energy news in brief

** General Motors and LG Chem reportedly plan a joint venture to invest $2 billion in an electric vehicle battery plant in Ohio. ** Enbridge has left drilling debris in Michigan’s Straits of Mackinac for three months, and won’t recover it until spring, following work related to a potential tunnel for the Line 5 pipeline.  ** University of Wisconsin students and faculty plan …

Continue reading »

Report shows most states cut spending on environmental protection in past decade

A new report out from the Environmental Integrity Project shows that in the past decade, at least 30 states have slashed funding for their environmental protection agencies. Oklahoma was not one of them but it has reduced its employment in the area of environmental protection. The report says 20 states saw funding cut by more …

Continue reading »

OERB introduces December newsletter

  The Oklahoma Energy Resources Board has issued its December newsletter. It includes articles about new staff members, a community night in Newcastle, and the success of the recently-held 2019 Oklahoma Oil and Gas Expo. Click here to read the newsletter.