March 16, 2020 archive

Completion reports for March 16, 2020

Completion reports issued on March 16, 2020. Chaparral Energy Llc Mississippian(9415): Oil 1069 Gas 3833 Water 2616 Flwg 2 12N 7W Foraker 1207 2umh-11, March 25, 2019 HH, OIL, TD: 14460 ft Lat: 35.53766, Long: -97.90268 API: 35017253060001 Chaparral Energy Llc Mississippian(9485): Oil 1536 Gas 2041 Water 736 Flwg 11 12N 7W Foraker 1207 6umh-11, April 04, 2019 HH, OIL, TD: 14540 ft Lat: 35.53636, Long: …

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Permits to drill for March 16, 2020

Permits to drill issued on March 16, 2020. Canadian County VINITA 1207 #19-18-1MXH, April 26 2018 19 12N 7W SESWSESE API: 01725216 Lat: 35.493994472934794, Long: -97.97508908584804 CAMINO NATURAL RESOURCES LLC MU, AM, 20430 ft, MISSISSIPPIAN(10070) Coal County DOUBLE 5 RANCH #2413 3N-10E 2WH, March 16 2020 24 3N 10E N2NWNESW API: 02921395 Lat: 34.715425177917886, Long: -96.20909218138628 FOUNDATION …

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Virus leads to visitation restrictions at Oklahoma Capitol

House and Senate leaders on Monday announced restricted access to the Capitol building in response to the COVID-19 challenge in Oklahoma. Beginning Tuesday, in order to reduce the potential for community spread of COVID-19, access to the Capitol will be restricted to elected state officials, essential Capitol staff, credentialed press and state officials invited to …

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The bear market takes its toll on Oklahoma firms

Oklahoma energy companies continued to lose value as Monday’s trading showed on the New York Stock Exchange. Devon Energy reported a drop of $1.13, finishing the day at $7.57.  Friday’s close was $8.70 and the company’s 52-week high was $35.39. SandRidge Energy finished Monday down 16 cents after closing at $1.06 on Friday and closing …

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Stunning loss of 11,000 oil field jobs in Oklahoma since January 2019

  Oklahoma’s oil and gas industry got some sobering news on Monday.  The number of jobs lost in the industry since January 2019 totaled at least 11,000 jobs. Word came from the Oklahoma Employment Security Commission as it announced an improved statewide jobless rate of 3.3% for January 2020. The rate had lingered at 3.4% …

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Corporation Commissioner asks State Senate to kill regulatory ‘reform’ bill

Oklahoma Corporation Commissioner Bob Anthony is asking the state senate to kill a bill a state representative contends is a bill aimed at reforming the Commission. In a letter delivered Monday to the senators, Anthony asked them to kill HB1556 and “stop its potentially disruptive and wasteful impact on the ability of the Oklahoma Corporation …

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Utilities stop electrical power suspensions in wake of coronavirus

  Major utilities in Oklahoma have joined those nationally in halting service disconnections because of the coronavirus spread. OGE and Public Service Company of Oklahoma took the action and created flexible payment plans to help customers deal with the spread of the virus. “We are temporarily suspending disconnects for nonpayment.  We know our customers are concerned …

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Potential for severe weather in Oklahoma this week

Oklahomans might see some severe weather this week as spring officially approaches. State Climatologist Gary McManus says it won’t be the kind of severe weather we normally see in May and June, but some parts of the state will have “marginal” chances for it. It begins Tuesday and extends into Wednesday and the most likely …

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Filling the Strategic Petroleum Reserve won’t happen overnight

  “We’re going to fill it right up to the top.” That’s what President Trump said Friday at the White House as he announced orders for the Department of Energy to buy crude and fill the nation’s Strategic Petroleum Reserve, a move that might help the struggling industry in the oil price war. While the …

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President weighing decision over court’s refinery ruling

It’s sounding as though Oklahoma’s Senators and Representatives who urged President Trump to appeal a Denver federal court biofuels ruling that he might not do it. POLITICO’s Morning Energy Report says there are indications the President is under pressure from within his own administration not to challenge the ruling of the 10th U.S. Circuit Court …

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