Panhandle Oil and Gas Inc. confirmed this week the resignation of Robb P. Winfield, the company’s Vice President, Chief Financial Officer, Controller and Corporate Secretary. Winfield resigned on March 9 after being the company’s Controller since February 2008. He had been named VP and CFO in January 2017. The company’s board appointed Ralph D’Amico …
“We’re not asking for a handout—we want a level playing field.” It’s what Harold Hamm, founder of Oklahoma City’s Continental Resources says as the Trump administration considers way to help the country’s oil and gas industry in the pricing crisis. Interviewed this week on the Bloomberg Markets show with Alix Steel, Hamm accused Saudi Arabia …
Completion reports filed on March 11, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(5632): Oil 63 Gas 688 Water 1575 Gaslift 35 26N 11W Herren 35-26-11 2h, September 26, 2019 HH, OIL, TD: 10516 ft Lat: 36.68155, Long: -98.35671 API: 35003233800000 Bce-mach Llc Mississippian(5674): Oil 162 Gas 413 Water 852 Gaslift 36 26N 12W Clifford 36-26-12 4h, October 16, 2019 HH, OIL, TD: 10641 ft Lat: 36.69495, Long: …
Permits to drill issued on March 11, 2020. Creek County JOSEPH KENNEDY #5, March 27 2017 02 17N 7E CSWSWSE API: 03729370 Lat: 35.97475349748253, Long: -96.53801683210197 BAUGH ALLAN L SH, AM, 3150 ft, OSWEGO(2170), PRUE(2300), SKINNER 404SKNR 2400 8 WILCOX(2800), RED FORK UP(2500), RED FORK LOW(2570), BARTLESVILLE(2620), TUCKER(2790) Dewey County ADAMS 24/13-19-14 #1H, October 01 2018 …
Tulsa’s WPX Energy has completed its previously announced acquisition of Felix Energy, which has operations in the eastern portion of the Permian’s Delaware Basin. The acquisition was overwhelmingly approved by WPX shareholders at a special meeting held on March 5, 2020, where more than 99.6 percent of votes cast were in favor of the …
Chaparral Energy, Inc. announced it achieved fourth quarter 2019 production but still reported a net loss of $189.2 million or $4.14 per share. The Oklahoma City’s net loss for all of 2019 totaled $468.9 million or $10.28 per share. In light of the collapse of oil prices this week, the company said it would not …
Oklahoma City-based LSB Industries, Inc. announced that it has appointed Diana M. Peninger as an independent member of the Board of Directors of the Company effective March 5, 2020. Peninger will stand for direct election by shareholders for the first time at the annual meeting of stockholders on May 14, 2020. In addition, the Board nominated Steven L. Packebush to stand …
The Oklahoma Senate on Wednesday unanimously advanced legislation directing the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority to coordinate resources and functions more closely. Senate President Pro Tempore Greg Treat, R-Oklahoma City, is the author of Senate Bill 1775. His bill directs the two agencies to coordinate as much as possible but allows the Turnpike …
Faced with shares that have plunged to 15 cents as of Wednesday morning, Oklahoma City’s Chesapeake Energy has proposed a reverse stock split to its shareholders. In a filing this week with the Securities and Exchange Commission, the company said it plans to ask shareholders for approval at an April 13 meeting. The company …
The nation’s energy industry took it on the nose again Wednesday and some of Oklahoma’s oil and gas firms suffered too. Enable Midstream, based in Oklahoma City experienced a 20% drop in stock value as Wednesday trading saw shares trading at $4.75 each. For the year, Enable shares have seen a 68% drop in …
