January 23, 2020 archive

Completion reports for January 23, 2020

Completion reports filed for January 23, 2020. BLAINE COUNTY Chisholm Oil & Gas Operating Llc Mississippi Lime(8940): Oil 872 Gas 4938 Water 1782 Esp 36 18N 11W Sean O’brien 18-11-36 1mh, June 18, 2019 HH, OIL, TD: 14285 ft Lat: 35.98611, Long: -98.31902 API: 35011241930000 CADDO COUNTY Kaiser-francis Oil Company Marchand(10549): Oil 328 Gas 491 Water 831 Flow 3 8N 11W Green 34-9-11 1h, October 15, …

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Permits to drill for January 23, 2020

Permits to drill issued for January 23, 2020. Canadian County HOOD 1006 #2LMH-5, January 23 2020 05 10N 6W NWNENENW API: 01725598 Lat: 35.37658182117078, Long: -97.85902782291011 CHAPARRAL ENERGY LLC HH, DR, 14700 ft, MISSISSIPPIAN(9763) Canadian County HOOD 1006 #3LMH-5, January 23 2020 05 10N 6W NWNENENW API: 01725599 Lat: 35.37658182417308, Long: -97.85907813777148 CHAPARRAL ENERGY LLC HH, DR, …

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Energy news in brief

** Oklahoma City-based Continental Resources, Inc. plans to announce full-year 2019 and 4Q19 results on Wednesday, February 26, 2020 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss full-year 2019 and 4Q19 results on Thursday, February 27, 2020 at 12:00 p.m. ET (11:00 a.m. CT). ** Oklahoma City’s Enable Midstream …

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Federal decision coming soon on Tulsa request for levee funding

Oklahoma U.S. Sen. Jim Inhofe was told this week that the U.S. Commerce Department is close to a decision on Tulsa’s request for disaster funding for its Levee System and pumps. The revelation came during a Senate Environment and Public Works committee hearing where Dr. John Fleming, Assistant Secretary of Commerce for the Economic Development …

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TC Energy’s storage tanks in Cushing are youngsters

(part of Cushing tank farm) Some of those TransCanada Keystone Pipeline crude oil storage tanks at Cushing, Oklahoma aren’t as old as OK Energy Today reported earlier this week. We had indicated that some of the tanks were constructed in 1984 but a TC Energy spokeswoman in Nebraska corrected us, stating that the earliest company …

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Feds approve right-of-way for Keystone XL pipeline

The controversial $8 billion Keystone XL pipeline is a step closer to construction after the Trump administration on Wednesday approved a right-of-way allowing the line to be built across U.S. land. The approval signed by Interior Secretary David Bernhardt and obtained by The Associated Press covers 46 miles (74 kilometers) of the pipeline’s route across …

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Oil and gas bankruptcies are on the increase

A Dallas law firm that specializes in tracking oil and gas industry bankruptcies reported this week the number of bankruptcies rose 50% in 2019 over 2018 filings. And forecasts indicate we’ll only see more in the coming months. The law firm Haynes and Boone stated that U.S. and Canadian oil and natural gas exploration as …

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Forecast calls for Marathon to see a decline in revenues

Another company that is expected to report a year-over-year drop in earnings on lower revenues this month is Marathon Petroleum, the Texas company with a footprint all over Oklahoma’s STACK play. The company’s earnings report will be released next week on January 29. Some analysts suggest Marathon’s quarterly earnings will be 85-cents a share, a …

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DEQ pushes National Radon Action month

The U.S. Environmental Protection Agency (EPA) has designated January as National Radon Action Month. The Oklahoma Department of Environmental Quality (DEQ) is working with EPA in a nationwide campaign to educate Americans about the dangers of radon exposure and to encourage citizens to take action to protect their homes and families. Radon is a naturally …

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Texas oil and gas operators hit with $900,000 in fines

Texas Railroad Commissioners laid out nearly $900,000 in fines this month against pipeline contractors and oil and gas operators. The $899,005 in fines involved 222 enforcement dockets against operators and businesses. The commissioners took the action as they have primary oversight and enforcement of the oil and gas industry and intrastate pipeline safety in Texas. …

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