** Venezuela has swapped millions of barrels of crude for supplies of corn and water trucks under an oil-for-food deal struck with a Mexican firm, in an effort to secure imports amid tightening U.S. sanctions, according to the company and export schedules. ** Enbridge hires contractors to build a tunnel for the Line 5 pipeline in the Straits of …
March 2020 archive
Dozens of BLM workers refuse to leave DC for Colorado
Rather than move from Washington, D.C. to the new western Colorado headquarters of the Bureau of Land Management, more than half of those scheduled for the move have quit the federal agency. At least 69 employees left the agency rather than accepting the new assignment and another 18 departed after the plans were announced before …
Chaparral Energy faces possible removal from New York Stock Exchange
Oklahoma City’s Chaparral Energy has been warned of possible removal from trading at the New York Stock Exchange because of the falling value of company shares. The company was notified Feb. 28 of possible delisting after the average closing price of Chaparral stock had fallen below $1 a share over a period of 30 consecutive …
Rep. Lucas supports modernizing NEPA rules
Congressman Frank Lucas (OK-03) signed a letter, joining 129 of his House Republican colleagues, supporting the Council on Environmental Quality’s (CEQ) efforts to modernize the National Environmental Policy Act (NEPA). “In our districts across the country, we constantly hear about the opportunities lost when projects are stalled by NEPA’s increasingly time consuming and unnecessary red …
Earthquake prompts driller to stop completion work
A 3.4 magnitude earthquake forced Continental Resources to stop completion on a Grady County well in the past week. Corporation Commission officials were brought into the discussion as company leaders wondered whether to proceed or stop completion on the Galvin 3-22-15xhw well near the town of Alex. In the end, the company stopped completion activities …
US rig count increases while Oklahoma numbers drop
The number of oil and gas rigs active in Oklahoma declined by two in the past week leaving only 46 rigs drilling for new energy. The Baker Hughes Co. reported the 46 compares to the 116 rigs reported one year ago. Nationally, the rig count increased by 3 to reach 793. The number of oil …
Completion reports for March 6, 2020
Completion reports filed on March 6, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(5353): Oil 274 Gas 1383 Water 471 Gaslift 32 27N 11W Leamon 32-27-11 4h, July 02, 2019 HH, OIL, TD: 10212 ft Lat: 36.78201, Long: -98.41305 API: 35003233700000 Bce-mach Llc Mississippian(5860): Oil 104 Gas 304 Water 1290 Gaslift 3 25N 12W Roush 3-25-12 2h, July 22, 2019 HH, OIL, TD: 10460 ft Lat: 36.66733, Long: …
Permits to drill for March 6, 2020
Permits to drill issued on March 6, 2020. Beckham County BLEVINS 16X9-22-26 #1HC, March 06 2020 21 11N 26W SENWNENE API: 00921998 Lat: 35.42079251584549, Long: -99.9492537420312 FOURPOINT ENERGY LLC MU, DR, 22009 ft, GRANITE WASH UP (MO)(10720) Ellis County STUDFISH 19-17-23 #1HC, March 05 2020 30 17N 23W NWNWNENE API: 04523832 Lat: 35.92575626885349, Long: -99.68765500232836 FOURPOINT ENERGY …
Bernie still picked up support in oil country on Super Tuesday
Bernie Sanders’s vow to ban fracking if he’s elected president isn’t scaring off Democrats living atop Colorado’s biggest oil field. The Vermont senator took 38% of the vote in Weld County, the epicenter of Colorado’s booming oil production, racking up almost twice as many votes as rival Joe Biden, who has taken a more moderate position on …
Exxon Mobil to reduce number of drilling rigs in the Permian
Exxon Mobil is cutting its number of oil rigs in the Permian Basin and says it might even reduced planned capital expenditures as the spreading coronavirus takes a hit on energy demand. The announcement came as oil prices are down more than 25% since the start of the year and another 8% in the past …