June 2020 archive

New Mexico’s renewable energy is fast growing

The energy reputation enjoyed by the state of New Mexico isn’t based just on the wealth generated from the state’s share of the crude oil produced from the Permian Basin, but now because of rapidly growing renewable energy development too. The Albuquerque Journal carried an extensive report this week about the wind farm growth. Developers …

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Report says Chesapeake’s bankruptcy is close at hand

The same day that stocks for Chesapeake Energy Corp. soared 182% this week, another report came out about plans by the company to move ahead with a reported bankruptcy. Of course, the company is not commenting. Bloomberg reported Chesapeake is preparing a potential bankruptcy filing that could hand control of one of the leading lights of …

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Oil and Gas industry slow to contribute to Trump’s re-election campaign

The oil and gas industry, long one of the most reliable sources of campaign cash for Republican candidates at all levels, is turning a cold shoulder to President Donald Trump. That’s the way Bloomberg news describes what it found in campaign contribution reports, also indicating that at least one Oklahoma billionaire is slow to giver …

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A few companies have new drilling plans in Oklahoma

  A few new wells are in the drilling plans of a handful of energy companies in Oklahoma as indicated by permits to drill granted this week by state regulators. Mack Energy Company, headquartered in Duncan received a permit to drill at 7 2S 2W which is a site about 4 miles southeast of Ratliff …

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Well completions trickle in to OK regulators

They aren’t large wells by any means, but the small producers reported this week to the Oklahoma Corporation Commission indicate a few completion reports are still being filed. And in one case, it apparently shows a company can only sit so long on an uncompleted well before it has to do something. Chisholm Oil and …

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Completion reports for June 8, 2020

Completion reports filed on June 8, 2020. BLAINE COUNTY Chisholm Oil & Gas Operating Llc Mississippi Lime: Oil 203 Gas 502 Water 640 Esp 5 17N 10W Buffalo Heifer 18-10-32 1mh, March 29, 2019 HH, OIL, TD: 14269 ft Lat: 35.98486, Long: -98.28216 API: 35011241610002 Chisholm Oil & Gas Operating Llc Mississippi Lime: Oil 203 Gas 502 Water 640 Esp 5 17N 10W Buffalo Heifer 18-10-32 …

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Permits to drill for June 8, 2020

Permits to drill issued for June 8, 2020. Caddo County LEX MAJORS #1-15-22XH, January 18 2017 15 12N 13W NENENENE API: 01523275 Lat: 35.5214284689065, Long: -98.55411059686769 CONTINENTAL RESOURCES INC MU, AM, 26211 ft, MISSISSIPPIAN(13960), WOODFORD(16201) Carter County SW WILDCAT JIM DEESE UNIT #19-2-I, June 08 2020 07 2S 2W NENWNESW API: 01926395 Lat: 34.39752474261089, Long: -97.4512239289859 MACK …

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New Mexico Representative wants government to okay well shut-ins

Just as Oklahoma regulators have dealt with the requests of energy companies to allow the shut-in of their wells, some in Congress want the Interior Department to do the same for operators of wells on government lands. As New Mexico’s oil and gas industry continued to struggle with plummeting prices and slowing production brought on …

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No change in leadership of BLM

  William Perry Pendley will remain in charge of the Bureau of Land Management after the Interior Department took a different approach to extending Pendley’s time at the helm of the agency, possibly due to a pending lawsuit. “The leadership of the BLM will not change,” Interior spokesman Conner Swanson said Friday. Pendley has been …

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Legalized marijuana expected to result in higher electricity use

With a medical marijuana dispensary it seems on every street corner in Oklahoma, there has to be an increase in electricity use in the state. As well as the rest of the Midwest, especially in states where recreational marijuana has been legalized. Recreational marijuana recently became legal in Illinois and Michigan. But for cannabis plants …

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