** State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares …
January 2020 archive
Tenth District Energy Activity Dropped Further
Topics: Energy | Indicators and Data A new report from the Oklahoma City Branch of the Kansas City Federal Reserve Bank indicated a fourth quarter energy survey revealed Tenth District energy activity dropped further and expectations for future activity continued to decline. Chad Wilkerson, Vice President and Economist at the Oklahoma City Branch said firms reported that oil …
Union sues over EPA’s reversal of chemical safety rule
The decision by the Trump Administration’s Environmental Protection Agency to reverse parts of a chemical safety rule implemented by former President Barack Obama has led to a lawsuit filed by the United Steelworkers in the U.S. Court of Appeals for the District of Columbia. The rule was in response to the 2013 West, Texas fertilizer …
Tri-State Generation shutting down coal-fired plants in Colorado and New Mexico
Tri-State Generation and Transmission Association, a major power provider in Colorado and New Mexico announced it will close all of its coal-fired power plants and mines in New Mexico and Colorado by 2030. The power provider that serves nearly 20 rural electric cooperatives in Colorado announced it will close its Escalante Power Plant in Prewitt, …
Environmentalists disrupt Colorado Governor’s speech
Environmentalists in Colorado are turning violent. Witness the interruption they caused at last week’s State of the State address delivered by Gov. Jared Polis. Police were called and had to physically remove some of the protesters who believe the governor isn’t doing enough to protect the environment and ban oil and gas activity. As the …
U.S. Army’s largest solar farm is dedicated at Fort Carson
A ribbon-cutting ceremony has been held to commemorate the completion of the Army’s largest solar array located at Fort Carson, Colorado. Colorado Gov. Bill Ritter Jr., Maj. Gen. Mark A. Graham, commanding general, Division West, First Army and Fort Carson and Col. Eugene Smith, garrison commander, were on hand for the dedication. “We’re excited …
U.S. loses more working rigs—Oklahoma’s count grows
While the nation suffered a loss of 15 oil and gas rigs in the past week, Oklahoma added one to reach 52 working rigs. The latest Baker Hughes rig count showed a drop to 781 rigs with the number of oil rigs falling by 11 to 659 and the number of gas rigs slipped …
Western Oklahoma yields big oil producer
Tulsa’s Unit Petroleum Company pulled off a big find in western Oklahoma with a well producing nearly 1,600 barrels of oil a day. It was well out of the STACK play. The company reported the Saratoga 1720 1hx well, located at 8 14N 14W, about 3 miles southeast of the town of Thomas had …
Where they’re drilling in Oklahoma
The latest release of permits to drill show oil and gas companies still have heavy interest in Oklahoma STACK play. Newfield Exploration Mid-Con Inc. recently received seven permits to drill sister wells at two sites near Okarche in Canadian County. Four wells are to be drilled from a single pad at 15 14N 7W …
Completion reports for January 10, 2020
Completion reports filed for January 10, 2020. CANADIAN COUNTY Roan Resources Llc Mississippian(9913): Oil 260 Gas 4599 Water 1276 Flow 5 10N 6W Riva Ridge 32-29-11-6 1xh, May 18, 2018 HH, GAS, TD: 18415 ft Lat: 35.37647, Long: -97.86309 API: 35017251550000 CUSTER COUNTY Unit Petroleum Company Red Fork: Oil 1566 Gas 2680 Water 1769 Flow 8 14N 14W Saratoga 1720 1hx, July 08, 2019 HH, OIL, …
