May 14, 2020 archive

Completion reports for May 14, 2020

Completion reports filed on May 14, 2020. MCCLAIN COUNTY Urban Oil & Gas Group Llc Bromide: Oil 10 Water 200 Pump 15 7N 3W Busby 1-15, June 27, 2019 SH, OIL, TD: 10222 ft Lat: 35.07794, Long: -97.49751 API: 35087218290002 NOWATA COUNTY Rocky Top Energy Llc Bartlesville(1166): Oil 2 Water 5 Pump 1 26N 14E Garrett Phase Ii 38b, May 01, 2019 SH, OIL, …

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Permits to drill for May 14, 2020

Permits to drill issued on May 14, 2020. Grady County WILL ROGERS 1007 22-15 #1MH, February 11 2019 27 10N 7W NENENENE API: 05124574 Lat: 35.318968132035664, Long: -97.91914630523912 CAMINO NATURAL RESOURCES LLC MU, AM, 18986 ft, MISSISSIPPI LIME(10400), MISSISSIPPIAN(10829) Kingfisher County SOUTH STANGL #1509 2H-12X, May 14 2020 12 15N 9W SWNENWNE API: 07326702 Lat: 35.79672029352494, Long: …

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Oil moves closer to $30 level in US

  Oil prices pushed closer to the $30 a barrel level in Thursday’s trading as they were up 9% with West Texas Intermediate crude for June delivery rising $2.27 to settle at $27.56 a barrel on the New York Mercantile Exchange. It was the highest level in nearly six weeks of trading according to Dow …

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Reverse stock split approved by shareholders and directors at Laredo Petroleum

Stockholders in Tulsa-based Laredo Petroleum voted Thursday to approve a reverse stock split of the company’s common stock at a radio ranging from 1-for-5 to 1-for-20 of shares. It’s seen as a move that will reduce shares in the company in an attempt to regain compliance on the New Stock Exchange. The approval came at …

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Hamm applauds investigation of Chicago Mercantile Exchange

    Oklahoma oilman Harold Hamm says the response to a request of the Domestic Energy Producers Alliance for an investigation of the Chicago Mercantile Exchange is a good first step. Hamm, founder of Continental Resources made the request last month for an investigation in which he blamed the C-M-E for causing oil prices to …

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Mid-Con Energy in Tulsa says pandemic might result in its failure

    Volatility. Uncertainty. Turmoil. Words Mid-Con Energy Partners used this week in suggesting it might fail financially and have to close its doors if the pandemic’s effects continue much longer. The Tulsa company announced it will delay its financial earnings report for the quarter quarter of 2020, blaming disruption caused by the COVID-19 pandemic. …

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Even In A Pandemic, Texas Is Expected To Break Electricity Use Records This Summer

The group that operates the Texas electric grid expects the state to break records for peak electricity use this summer, despite the fact that people are using less electricity because of the COVID-19 pandemic. In its Seasonal Assessment of Resource Adequacy, the Electric Reliability Council of Texas forecasts yet another hotter-than-average summer. That combined with continued …

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State House supports Amtrak extension to Kansas

A resolution supporting the extension of passenger rail service from Oklahoma City to Newton, KS, was adopted unanimously by the House of Representatives on Wednesday. House Resolution 1036, by State Reps. Ken Luttrell, R-Ponca City, John Pfeiffer, R-Orlando, and Garry Mize, R-Guthrie, supports the extension of Amtrak passenger rail service between the two cities and …

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Oklahoma coal leases part of fight for return of coal mining moratorium

Coal leases in Oklahoma are part of a legal move by a coalition of U.S. states, environmentalists and an American Indian tribe to fight for a moratorium on coal sales from federal lands, a moratorium originally imposed by former President Barack Obama and dropped by the Trump administration.  The case centers on whether the Trump …

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Energy news in brief

** HollyFrontier Corporation announced  that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on June 18, 2020 to holders of record of common stock on May 26, 2020. ** The Energy Department says it will take nominations to buy 1 million barrels of oil to store in the …

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