Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump’s administration, both of which …
Have leaders at Oklahoma City’s Chesapeake Energy Corp. decided to pull the trigger on filing for bankruptcy? Reuters says its sources contend the struggling massive company, with a campus in north Oklahoma City and more than $9 billion in debt, might take the action yet this week. If so, Chesapeake would be the largest …
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day, according to a report from the Energy Information Administration released Monday. Shale output from all major U.S. shale plays is expected to post monthly declines, with the Eagle Ford region forecast …
Completion reports filed on June 15, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(6420): Oil 179 Gas 370 Water 823 Gaslift 19 24N 10W Jenkins Family Trust 19-24-10 1h, January 22, 2020 HH, OIL, TD: 11303 ft Lat: 36.53605, Long: -98.31264 API: 35003233930000
Permits to drill issued on June 15, 2020. Canadian County LOVES #2H-21-16, June 15 2020 21 11N 7W NWSWSESE API: 01725625 Lat: 35.407211699579484, Long: -97.94098315356835 CITIZEN ENERGY III LLC MU, DR, 20774 ft, MISSISSIPPIAN(10325), WOODFORD(10575) Canadian County LOVES #3H-21-16, June 15 2020 21 11N 7W NWSWSESE API: 01725624 Lat: 35.407211702739595, Long: -97.94088248578937 CITIZEN ENERGY III LLC MU, …
US and European oil prices were up in Monday’s trading with West Texas Intermediate July futures increasing more than 2%. WTI rose 86 cents and settled at $37.12 a barrel in trading on the New York Mercantile Exchange. Brent crude rose $1.12 or 2.89% to finish the day on ICE futures at $39.85. Natural …
** Arkansas utility regulators are expected to evaluate three proposed solar farms this summer, including one that has a battery storage plan. ** While Murray Energy’s bankruptcy case could soon wrap up, it doesn’t resolve questions about how long the struggling coal industry can last with competition from natural gas and renewables. ** An Australian company with a troubled Kentucky coal …
Key Energy Services, Inc. announced Monday the appointment of Nelson Haight as Senior Vice President, Chief Financial Officer and Treasurer. Haight is an accomplished professional with three decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, restructuring, refinancing, growth acquisitions, strategic and organizational planning …
The Oklahoma City Branch of the Federal Reserve Bank of Kansas City released the latest Oklahoma Economic Snapshot showing the state’s economy is starting to pick up following the shutdown caused by the coronavirus pandemic. “Since March, COVID-19 and the collapse in commodity prices have presented significant challenges for the state and U.S. economies. …
Denver-based Extraction Oil and Gas, a company that focused its operations entirely on the Wattenberg Field of the Denver-Julesburg Basin in Colorado has filed Chapter 11 reorganization bankruptcy in the U.S, Bankruptcy Court for the District of Delaware. Shares fell at least 30% in Monday’s pre-market trading after the company announced it voluntarily filed for …
