May 6, 2020 archive

Completion reports for May 6, 2020

Completion reports filed on May 6, 2020. ALFALFA COUNTY Trans Pacific Oil Corporation Mississippi: Oil 7 Gas 401 Water 1025 Flow 21 29N 12W Tucker A 1-21, December 10, 2019 SH, OIL, TD: 5500 ft Lat: 36.97659, Long: -98.49755 API: 35003233860000 Trans Pacific Oil Corporation Mississippian(4866): Oil 17 Gas 31 Water 912 Flow 26 29N 12W Diel A 1-26, March 02, 2020 SH, GAS, TD: 5600 …

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Permits to drill for May 6, 2020

Permits to drill issued on May 6, 2020. Grady County WATERMELON 0906 #16-21-1MXH, May 06 2020 16 9N 6W NENWNENE API: 05124783 Lat: 35.2610324779286, Long: -97.83277772693626 CAMINO NATURAL RESOURCES LLC MU, DR, 19069 ft, MISSISSIPPIAN(10692), WOODFORD(10823)

Devon to end drilling in Anadarko Basin and 2 other areas

Devon Energy isn’t finished with its cost-cutting moves and announced Wednesday, it intends to suspend drilling and exploration operations in three targeted oil plays including the Anadarko Basin in Oklahoma. President and CEO Dave Hager said it is part of the company’s 2020 spending plan to limit spending to $1 billion in 2020 and a …

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Murphy Oil to move headquarters out of Arkansas

Just like Halliburton left Duncan, Kerr McGee departed Oklahoma City and Phillips 66 moved its headquarters, the city of El Dorado, Arkansas is having the same feelings about its longtime Murphy Oil Corp. Murphy Oil Corp. on Wednesday said it’s closing its El Dorado, Arkansas, headquarters and moving to Houston. The independent oil and natural …

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Oil prices slump after 5 consecutive days of improvement

Oil prices in the U.S. took a 2% drop in Wednesday’s trading, ending five consecutive trading sessions where they had risen nearly 50%. West Texas Intermediate crude fell 57 cents or 2% to end the day at $23.99 a barrel on the New York Mercantile Exchange. It was considered something of a volatile session as …

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WPX reports $208 million loss in 1Q

A loss of $208 million or 46-cents a share was reported Wednesday by Tulsa-based WPX Energy in its first quarter earnings report.   Cash flow from operations, inclusive of hedge impact, was $256 million in first-quarter 2020, down just 6 percent vs. the same period a year ago despite significant decreases in average realized commodity …

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Will any forced oil production reduction in Oklahoma fly against a 1988 Oklahoma Supreme Court ruling?

If and when Oklahoma Corporation Commissioners decide whether to order a reduction in crude oil production in the state as requested by one energy group, it could be in direct contradiction to a 1988 Oklahoma Supreme Court ruling. But the Commission might already be in conflict with the Supreme Court ruling on the case of …

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$83 million in highway and bridge contracts okayed by ODOT Commissioners

  Highlights of the Oklahoma Transportation Commission’s Monday, May 4 video teleconference meeting include announcement of Work Zone Safety Awareness activities in May and updates on the impact of COVID-19 on travel and Oklahoma Department of Transportation operations. The commission awarded contracts for highway projects on SH-85A in Delaware County, SH-77H and SH-66 in Oklahoma …

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Williams’ pipeline subsidiary offers notes for sale

  Transcontinental Gas Pipe Line Company, LLC , a wholly owned subsidiary of Williams  announced Wednesday that it is offering senior notes to certain institutional investors. The notes will be offered pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”). Transco intends to use the net proceeds …

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Halliburton schedules ‘virtual’ annual meeting

Halliburton Company plans to  hold its annual meeting of shareholders on May 19, 2020, at 2:00 p.m. Central Daylight Time, in virtual meeting format only. Due to public health concerns arising from the coronavirus (COVID-19) pandemic and health concerns for our shareholders and other meeting participants, the Company has determined that it will not hold …

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