** China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors. ** The Trump administration is going to proceed with the development of the largest gold and copper mine in the …
July 2020 archive
Texas inspectors monitor progress of Permian Highway Pipeline
The COVID-19 pandemic has drastically cut into oil and gas exploration in Texas but not construction of the Permian Highway Pipeline, one meant to carry natural gas from the Permian Basin to the ports of south Texas. Inspectors with the Texas Railroad Commission continue their inspections of the 400-mile line which is considered one …
Texas regulators sued for suspending oil and gas rules
Texas regulators have been sued over regulation action they took in May when they suspended some state rules over the oil and gas industry. The lawsuit was filed by the watchdog group Public Citizen and two Texas landowners who accused the Texas Railroad Commission of illegally suspending rules that protect public health and the environment. …
Court rules against New Mexico regulators
Public regulators in New Mexico suffered a loss before their state supreme court this week as the justices ruled the Public Regulation Commission does not have the authority to force a utility to initiate a legal process of shutting down a power plant. The opinion, released Thursday, does not change Public Service Company …
Congressman urges slow progress in wake of Supreme Court ruling
Oklahoma Congressman Markwayne Mullin, a member of the Cherokee Nation and one of only four Native American members of Congress says the state and the Indian tribes should proceed with caution in the wake of the U.S. Supreme Court ruling that applied to the Muscogee (Creek) Nation. In a statement on Friday, the Republican …
Tensions with China don’t keep oil prices from rising
Despite increased tensions with China over the U.S. action ordering the shutdown of a Chinese consulate in Houston and China responding with an order of its own against the U.S., oil prices rose slightly higher on Friday. West Texas Intermediate crude for September delivery added 22 cents or 0.5% and settled Friday at $41.29 …
Paloma adds 3rd well to Canadian County drilling site
Houston’s Paloma Operating Co. Inc. added a third well to the list of completions at a single pad located 7 miles southwest of the city of El Reno in Canadian County bringing combined production to nearly 2,000 barrels of oil a day. The Friday filing came two days after it listed two previous Summer …
Completion reports for July 24, 2020
Completion reports filed on July 24, 2020. CANADIAN COUNTY Paloma Operating Co Inc Woodford(11406): Oil 657 Gas 3994 Water 1749 Flow 17 12N 8W Summer Moon 8-5-12n-8w 5whx, May 24, 2019 HH, OIL, TD: 21878 ft Lat: 35.52150, Long: -98.06492 API: 35017253280000 CARTER COUNTY Citation Oil & Gas Corporation Deese(3276): 7 1S 3W Franklin Unit (Mckee #2) 3-2, July 10, 2019 SH, …
Permits to drill for July 24, 2020
Permits to drill issued on July 24, 2020. Custer County COLLINS 6 MD #1H, July 24 2020 07 13N 16W SENENWNW API: 03922589 Lat: 35.623372047772556, Long: -98.94725978034275 MEWBOURNE OIL COMPANY HH, DR, 16744 ft, CHEROKEE(11500) Grady County HAYMICH 0606 #1-22MH, July 10 2019 22 6N 6W SESWSWSW API: 05124675 Lat: 34.97199238585331, Long: -97.82698175318276 MARATHON OIL COMPANY HH, …
Oklahoma stays steady with rig numbers while US drops more
The number of oil and gas rigs working in Oklahoma, according to Baker Hughes Co. remained at 10 this week, unchanged in the past two weeks while nationally, the number of rigs dropped a handful. The Oklahoma count compares to 93 working rigs reported one year ago, based on service numbers provided by …