December 2019 archive

Study says 15 million Americans would lose their jobs under a fracking ban pushed by Democratic Presidential candidates

When Sen. Elizabeth Warren vowed she would ban fracking on the first day of her presidency—if she were elected, it set the U.S. Chamber of Commerce wondering about the impact of such a call. Warren wasn’t alone in the call made as she and other Democratic Presidential candidates hope to attract support to win their …

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Oklahoma Congressional delegation calls for approval of USMCA

Oklahoma’s congressional delegation, Republicans and Democrats alike say nit’s time the U.S. Mexicoo-Canada Agreement known as USMCA was passed into law. All five house members and the state’s two U.S. Senators made the call this week in support of the trade agreement negotiated by President Trump, an agreement to replace the North America Free Trade …

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Northeast Nebraska to get major new wind farm

Work started last month on a major new wind farm in northeast Nebraska. The contract for the 300 MW Thunderhead wind farm went to Infrastructure and Energy Alternatives Inc., a construction company with specialized energy and civil expertise. Chicago-based Invenergy is developing the Thunderhead Wind Energy Center in Antelope and Wheeler counties. It will have …

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Man-camp provider gets delisting warning from NYSE

Civeo Corporation, the Houston company that provides hospitality services or so-called “man camps” for oil and gas operators received a recent de-listing warning from the New York Stock Exchange. The company has operations based in El Reno, Oklahoma and was warned after its stock fell in trading below $1 over 30 consecutive trading days. One …

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SemGroup removed from Index following sale

Tulsa-based SemGroup Corp.’s takeover by Energy Transfer LP this week means SemGroup has been removed from the Tortoise North American Pipeline Index. The announcement was made Thursday by the Index  based in Leawood, Kansas. The Index is a float-adjusted, capitalization weighted index of pipeline companies organized with their principal places of business in the U.S. …

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Low oil prices don’t sway some firms from more drilling in Oklahoma

With a slight uptick in oil prices, energy companies aren’t backing off new drilling efforts in Oklahoma. Many are planning new projects. Wednesday’s release of permits to drill show Oklahoma City-based Continental Resources Inc. plans a three-well, single-pad effort at a site about 6 miles southwest of Blanchard in Grady County. The Z21 wells will …

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Newfield opts for SE Oklahoma gas well efforts

Houston’s Newfield Exploration Mid-Con Inc. didn’t ease up its drilling efforts in Oklahoma in the past few months as witnessed by the company’s continued filing of new completion reports—including a three gas well effort in southeast Oklahoma. The company filed a report showing completion of the Hoile Fed 1611 3h-25x well at 36 16N 11W …

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Chesapeake stock soars on news of credit deal

The financial moves by Chesapeake Energy, which included a $1.5 billion new bank loan resulted in a soaring volume of the company’s shares in Wednesday’s trading. Chesapeake stock finished up 17 percent at the end of the day’s trading, closing at nearly 74 cents a share which was an eleven cent increase for the day. …

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SemGroup shareholders approve merger with Energy Transfer

Tulsa-based SemGroup Corporation announced Wednesday its shareholders voted to approve the previously announced merger agreement whereby SemGroup will be acquired by Energy Transfer LP in a unit and cash transaction. At completion of the merger, SemGroup shareholders will receive $6.80 per share in cash and 0.7275 of an ET common unit for each SemGroup share, or …

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Completion reports for December 4, 2019

Completion reports filed for December 4, 2019. BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian: Oil 486 Gas 1116 Water 1340 Flow 36 16N 11W Hoile Fed 1611 3h-25x, June 04, 2019 HH, OIL, TD: 20689 ft Lat: 35.81256, Long: -98.32104 API: 35011241200000 COAL COUNTY Newfield Exploration Mid-con Inc Woodford(8047): Gas 12148 Water 670 Flow 29 3N 11E Cosper 0311 3h-29x, April 15, 2019 HH, GAS, …

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