Completion reports filed on April 13, 2020. BLAINE COUNTY Paloma Operating Co Inc Mississippian: Oil 1075 Gas 3476 Water 1740 Flow 29 15N 10W Hammerhead Bia 20-15n-10w 6mh, July 14, 2019 HH, OIL, TD: 16396 ft Lat: 35.75335, Long: -98.27931 API: 35011241740000 Paloma Operating Co Inc Mississippian: Oil 984 Gas 3072 Water 2049 Flow 29 15N 10W Hammerhead Bia 20-15n-10w 11mh, July 14, 2019 HH, OIL, …
April 13, 2020 archive
Permits to drill for April 13, 2020
Permits to drill issued on April 13, 2020. Grady County SPARKS #2 (2-26), April 13 2020 26 5N 5W NWNESENE API: 05123228 Lat: 34.87997414454273, Long: -97.68941566970133 RED ROCKS OIL & GAS OPERATING LLC DH, RC, 13636 ft, HOXBAR(7020), DEESE 1(8090), DEESE 2(8290), GIBSON(8700), HART(8885), OSBORN(9100) Nowata County BARGER #33-5, April 13 2020 33 25N 17E CE2NWSE …
Chesapeake Energy shareholders approve reverse stock split
By a more than 3-to-1 margin, shareholders of Oklahoma City’s Chesapeake Energy approved a reverse stock split Monday during a virtual meeting and the vote was quickly endorsed by the company’s board of directors. The vote was 1,107,281,401 in support of the financial move while 334,758,997 votes were against it and 15,53,278 abstentions were made. …
OPEC move—too little too late?
Crude prices settled on a mixed note Monday, with global prices higher but U.S. prices down as pressure from the drop in oil demand, from efforts to prevent the spread of COVID-19, more than offset support from a historic agreement by major oil producers to cut oil production. After an initial 4% surge that …
Business aircraft activity plummets during pandemic
A new report shows that business aircraft activity in Oklahoma and across the U.S. might as well have been “grounded” in the wake of the COVID-19 pandemic. Things are expected to worsen this month. Aviation Week reports the activity in North America was down 31.7% compared to a year ago, while April activity is …
Legislator warns pandemic is affecting propane users
Southeast Oklahoma legislator, Rep. Jim Grego (R-Wilburton) issued notice to propane users that they need to check their levels or risk not being able to purchase replacement propane because of the COVID-19 pandemic. Grego said he was notified that if a customer runs completely out of propane it is in state law that the propane …
Companies begin curtailing oil production at Oklahoma wells
The number of oil wells being “shut in” as a result of the plunging oil prices and the spread of the COVID-19 virus is growing and Oklahoma is no exception. Royalty owners of wells managed by at least two Texas-based companies received recent notification of the moves to temporarily suspend production from existing wells. Neither …
New SandRidge President awarded company shares
A week after he was named the new President and Chief Executive Officer at Oklahoma City’s SandRidge Energy, Carl Giesler was awarded 1 million shares in the company. A filing with the Securities and Exchange Commission on Monday revealed the awarding of the shares to Giesler in the form of direct ownership. ” Each …
Advocates say Kansas solar power decision could impact other states
Environmentalists and advocates of solar energy who are celebrating their recent victory with the Kansas Supreme Court suggest the ruling might have a wider-spread impact on the industry. The ruling reversed a higher residential rate for customers who use home solar power and advocates now believe it might affect the industry in other states …
Those Oklahomans who want to make national energy policies
The people who will make an impact on national energy policies affecting Oklahoma businesses aren’t just the state’s corporation commissioners, one of whom, chairman Todd Hiett, is up for reelection. But the state’s U.S. Senators and Representatives play an important role too. At the end of the three-day filing period for candidates, the one U.S. …
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