February 24, 2020 archive

Energy stocks take a hit from spread of coronavirus

Not only did energy stocks across the board take a hit Monday as the coronavirus spread around the world, Oklahoma City’s Chesapeake Energy trading hit a record low on Wall Street. Chesapeake shares dropped 4% and hit an all-time low of 40.30 cents during mid-day trading. Crude oil futures dropped 4.6% to $50.95 while the …

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Completion reports for February 24, 2020

Completion reports filed on February 24, 2020. BLAINE COUNTY Devon Energy Production Co Lp 12 16N 10W Scott 13_24-16n-10w 4hx, May 28, 2019 SH, null, TD: 7980 ft Lat: 35.87070, Long: -98.21360 API: 35011240700000 Devon Energy Production Co Lp Mississippi Lime(10168): Oil 684 Gas 11650 Water 1246 Flow 2 14N 11W Burr Oak 2_35-14n-11w 1hx, March 18, 2019 HH, GAS, TD: 21510 …

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Permits to drill for February 24, 2020

Permits to drill issued on February 24, 2020. Dewey County OWEN 26-17N-19W #1CH, August 03 2018 23 17N 19W SWSESWSW API: 04323645 Lat: 35.927846749178336, Long: -99.20114905188751 CONTANGO RESOURCES INC HH, AM, 14500 ft, CLEVELAND(9156) Grady County TRULA #1-16, February 14 2020 16 5N 5W SESWSENE API: 05123690 Lat: 34.906508090417134, Long: -97.72592877027091 RED ROCKS OIL & GAS OPERATING …

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Misleading headline and study about fracking and sexual diseases

  Talk about a misleading headline—how’s this? “Fracking linked to increased  sexually transmitted infections.” It’s what the headline read over an E & E story about increased rate of sexually transmitted diseases and a study by Yale University researchers. “Rates of two sexually transmitted infections are higher in Texas counties with heavy fracking activity compared …

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Will bankruptcies grow with oil and gas slowdown?

While oil and gas exploration reaches a near stall across Oklahoma and the rest of the country, bankruptcies are being monitored.  Those that have happened and those that are about to happen. Some Oklahoma companies are mentioned as possible bankrupt cases, including some major firms, but so far in 2020, they have yet to happen. …

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Energy news in brief

** The U.S. Supreme Court heard arguments month in the long-running battle between developers a 605-mile long natural gas pipeline and environmental groups opposing it crossing the Appalachian Trail. Dominion Energy and Duke Energy still need a permit for the Atlantic Coast Pipeline and opponents contend the Forest Service does not have the authority to grant …

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New Mexico congresswoman is a Democrat and opposes fracking ban idea

She might be a Democrat but New Mexico U.S. Rep. Xochitl Torres Small knows where her state’s revenue comes from….her own congressional district that is rich because of the Permian Basin. She’s joined Oklahoma Democrat U.S. Rep. Kendra Horn in opposing a fracking ban proposed by other Democrats. She also finds herself on the same side …

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Boeing still working on KC 46 fixes

  Air Force Chief of Staff Gen. David Goldfein said recently that the Boeing Co. is closing in on a fix for one of the biggest issues still vexing the KC-46 tanker. It’s the new tanker that was presented at Altus Air Force base during ceremonies last year featuring Oklahoma U.S. Sen. Jim Inhofe. In an interview with Defense News, …

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Pay gap widens at Schlumberger

While the average pay for employees of Schlumberger slipped in 2019, the amount of executive compensation rose including for the company leader who retired seven months into the year. The Houston Business Journal explored the pay gap issue and its median employees, including those in the Oklahoma operations. It found Paal Kibsgaard, who gave up his …

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Want to Help the Environment? Don’t Ban Fracking says one writer

Maybe Bernie Sanders and Elizabeth Warren and the other Democrats running for President have it all wrong in their call to ban fracking. Instead of cleaning up the environment, their ban would simply help other countries, including Russia and China. It would also hurt most Americans and put some of them out of work including …

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