Permits to drill issued on December 4, 2019. 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 LLC HH, AM, 14214 ft, MISSISSIPPI LIME(8040) Canadian County CROOKED PINE 22_15-12N-8W #6MHX, December 04 2019 22 12N 8W NESWSWSE API: 01725569 Lat: 35.49436017024228, Long: …
December 2019 archive
Energy news in brief
** Mooney Aircraft has closed its plant in Kerrville, Texas and laid off workers due to poor airplane sales. The company was founded in 1929 but delivered only 14 aircraft in 2018 and eight through the third quarter of this year. ** An investigation by California state government found a neglected PG and E transmission …
Rainfall record in Miami proves how wet NE Oklahoma is
Imagine 80 inches of rainfall in any one place in Oklahoma? Hard to believe, but it was in Miami and Gary McManus, State Climatologist with the Oklahoma Mesonet says the mark is nearly 38 inches above normal. That’s Miami, Oklahoma, not Florida. “37.6 inches above normal? For the year? Are you kidding me? I …
No public developments of insider trading probe
It has been nine months since the FBI began an insider trading investigation of former Marathon Energy chairman Dennis Reilley of Oklahoma City and little has publicly happened in the federal case. It came to light in February when Reilley’s neighbor, John Kenneth Davidson was charged with lying to FBI agent Clayton Johnson. He denied …
U.S. becomes net exporter of oil and petroleum products
Pushed largely by oil production in the Permian Basin of West Texas and eastern New Mexico, the U.S. for the first time posted its first full month as a net exporter of crude and petroleum products. It was the first such posting since government records began in 1949 as the U.S. exported 89,000 barrels a …
North Dakota governor wants funding to plug 40 abandoned gas wells
More than three dozen orphaned natural-gas wells are targeted for plugging under a plan from North Dakota Gov. Kristi Noem. She included nearly $728,000 in her fiscal 2021 budget proposal offered this week to the North Dakota legislature. If legislators approve the budget, at least 40 abandoned wells will be plugged. The legislature goes into …
Dividend declared by Devon Energy
Oklahoma City’s Devon Energy Corp. announced that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2020. The dividend is payable on March 31, 2020, at a rate of $0.09 per share based on a record date of March 13, 2020.
New Energy Secretary had support of Oklahoma U.S. Senators
Oklahoma U.S. Sens. Jim Inhofe and James Lankford voted this week in support of the confirmation of Dan Brouillette to be the man replacing Rick Perry as Secretary of Energy. The vote was 70-15 in favor of confirmation of Brouillette who is a former lobbyist for Ford Motor Company. He is President Trump’s second secretary …
Chesapeake gets $1.5 billion loan
With nearly $10 billion debt, Oklahoma City-based Chesapeake Energy Corporation announced Wednesday it obtained a $1.5 billion loan from four different banks. The loans came from JPMorgan Chase Bank,N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. ” to assist with the arrangement of a secured first lien last out 4.5-year term …
State government leaders quiet about Halliburton layoffs
The head of the Petroleum Alliance of Oklahoma says this week’s move by Halliburton to shut down its El Reno operations should be a warning to state leaders. But the state leaders aren’t commenting publicly. “This announcement is a reminder that no state, no community, no company is immune from negative impacts when you have …