Tulsa-based NGL Energy Partners LP announced that it has entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global Management, Inc. It is essentially a refinancing of a loan NGL used as part of its 2019 $892.5 million cash-free and debt-free acquisition of Mesquite …
June 2020 archive
Texas driller plans a dozen wells in southern Oklahoma
A Texas exploration company has received permits to drill a dozen wells at one site in southern Oklahoma. The permits to drill were issued to Kodiak Oil and Gas Inc. of Muenster, Texas. All 12 AWU wells were approved to be drilled at 35 3S 2W and 34 3S 2W, sites located just southeast of …
Occidental directors elected easily
Despite criticism from some shareholders over Occidental Petroleum Corps’ controversial merger last year with Anadarko Petroleum Corp, Occidental directors were elected last week by comfortable margins. Reuters reported the votes came in the first annual meeting held since the U.S. oil and gas company’s $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on …
Completion reports for June 3, 2020
Completion reports filed on June 3, 2020. BEAVER COUNTY Slawson Exploration Co Inc Morrow Sand: Oil 12 Pump 26 2N 25E Garner 2-26, August 11, 2019 SH, OIL, TD: 7976 ft Lat: 36.60838, Long: -100.32758 API: 35007257090000 BLAINE COUNTY Devon Energy Production Co Lp Miss’an Less Chester/ Mississippian: Oil 921 Gas 3512 Water 418 Flow 36 16N 10W Bornboomer 31_30-16n-9w 3hx, May 02, 2019 …
Permits to drill for June 3, 2020
Permits to drill issued on June 3, 2020. Carter County AWU #24, June 03 2020 35 3S 2W NWNESESW API: 01926386 Lat: 34.24852935448282, Long: -97.38019463366199 KODIAK OIL & GAS INC SH, DR, 1200 ft, PERMIAN(300) Carter County AWU #22, June 03 2020 35 3S 2W NENWSESW API: 01926384 Lat: 34.24852941311291, Long: -97.38128988575687 KODIAK OIL & GAS INC …
Tulsa trucking company shutting down Kiefer facility
A 75-year old Tulsa-based trucking company is closing one of its operations and laying off 51 employees as a result of the COVID-19 pandemic. Stone Trucking informed the Oklahoma Office of Workforce Development of its intentions to shut down its operations in Kiefer. Stephen Royce, Executive Vice President of Human Resources blamed the action …
Oklahoma regulators give approval to voluntary shut-ins of wells
With little discussion, Oklahoma Corporation Commissioners on Wednesday voted to give oil producers the legal liability protection of shutting in wells as prices for crude continue to remain in the upper $30. The vote ended nearly two and a half months of efforts by some oil producers to get the legal protection to turn off …
EPA seeks expedited review for methane rollback
Current methane pollution rules for new oil and gas wells are a step closer to being revoked by the Environmental Protection Agency. The EPA sent its final rule this week revoking the pollution rules to the Office of Management and Budget for review. The rule is Reg. 2060-AT90 the agency said in a court filing this week that …
Energy news in brief
** Devon Energy Corp. announced Wednesday that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2020. The dividend is payable on Sept. 30, 2020, at a rate of $0.11 per share based on a record date of Sept. 14, 2020. ** China’s state planner has given …
Federal magistrate orders Roan Resources to cough up documents
A magistrate in Tulsa federal court has ordered Roan Resources, a firm that was acquired by Citizen Energy III in 2019 to turn over documents in a lawsuit that it underpaid royalties and oil and gas proceeds from its wells. Magistrate Judge Jodie F. Jayne issued the ruling in a lawsuit brought against Roan Resources …