April 2020 archive

No letup in Ovintiv drilling activity in Oklahoma

  Two more completion reports were added by Ovintiv Mid-Continent Inc. this week to a four well single pad site in Stephens County making for combined production of more than 3,200 barrels of oil a day from the six wells. The two Mary J-2-4-25-36 wells were drilled on the same pad at 24 2N 4W …

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Completion reports for April 22, 2020

Completion reports filed on April 22, 2020. BLAINE COUNTY Continental Resources Inc 14 16N 12W Swaim 2-14hm, January 26, 2018 SH, DRY, TD: 1496 ft Lat: 35.86970, Long: -98.45267 API: 35011239150001 Marathon Oil Company Miss’an (less Chester) / Mississppi Lime: Oil 1237 Gas 2340 Water 2524 Flow 27 17N 11W Roser 1711 4-34-3mxh, May 07, 2019 HH, OIL, TD: 19878 ft Lat: …

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Permits to drill for April 22, 2020

Permits to drill issued on April 22, 2020. Hughes County EISENHOWER #3-36-25WH, December 06 2019 01 8N 11E SENWNWNE API: 06324901 Lat: 35.20199438100977, Long: -96.09516285328893 CALYX ENERGY III LLC MU, AM, 15000 ft, MISSISSIPPIAN(4000), WOODFORD(4540), HUNTON(4590) Mcclain County PHANTOM 2227 #1H, November 08 2018 27 9N 4W SWSENWSE API: 08722193 Lat: 35.222823269834485, Long: -97.60588033478892 EOG RESOURCES INC …

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Cushing oil hub reported to be full to the brim

  If the Cushing oil hub isn’t totally filled with oil by now, what space is left is already spoken for—a sign of the times as the oil crisis worsens due to lack of demand caused by the actions of Russia and Saudi Arabia and the crush of the coronavirus pandemic. Reuters found out that …

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Chesapeake Energy sued over oil pipeline contract

  Oklahoma Pipeline operator Glass Mountain LLC is suing troubled oil and gas producer Chesapeake Energy Corp for allegedly defaulting on an oil transportation contract that had been renegotiated weeks earlier. Glass Mountain LLC, based in Oklahoma City not only builds crude oil pipelines but owns lines that serve the STACK/Merge, Granite Wash and Mississiplpi …

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Slow rebound continues for oil prices but they’re still weak

Two days after dropping into negative territory, oil prices on Wednesday rose 23% to reach $14.23 a barrel for West Texas Intermediate crude after an increase of $2.66 in trading for the day. Analysts credited an improved investor sentiment to additional stimulus measures passed by the U.S. Senate. Still, the oil market remains broken over …

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Energy lobbying grows serious in D-C

New figures supplied for one transparent federal government file shows intense lobbying money was spent by the nation’s energy companies including some from Oklahoma. POLITICO reported First-quarter U.S. lobbying totals are rolling in, including tallies for powerful oil-and-gas companies and their trade associations. Why it matters: The filings provide a guide to specific bills and topics companies …

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Energy news in brief

** The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power. **  Nearly 30% of U.S. biofuel plants have idled, including four in Minnesota, as gasoline demand …

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Oklahoma regulators approve emergency well shutins for Tulsa company

  By a 2-1 vote on Wednesday, the Oklahoma Corporation Commission has allowed a small Tulsa oil company to go ahead and shut in its wells and allow others to do the same. Under the decision, LPD Energy Company sought approval to classify unprofitable production as economic waste as a result of the oil crisis …

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Hamm thinks Chicago Mercantile Exchange contributed to negative oil prices

  Oilman Harold Hamm, the man who founded Continental Resources and has the ear of President Trump to advise him about energy issues thinks the Chicago Mercantile Exchange has done the industry wrong. As The Oklahoman reported Wednesday, Hamm is requesting an investigation of crude oil futures for possible market manipulation, failed systems or computer programming …

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