August 5, 2020 archive

Completion reports for August 5, 2020

Completion reports filed on August 5, 2020. STEPHENS COUNTY Hays Production Llc Permian(620): Oil 4 Water 25 Pump 22 1S 5W Aosu 3-23, July 14, 2020 SH, OIL, TD: 720 ft Lat: 34.45294, Long: -97.71156 API: 35137276070001

Permits to drill for August 5, 2020

Permits to drill issued on August 5, 2020. Creek County RUTH ANN #1-10, August 05 2020 10 14N 9E CSENENW API: 03729457 Lat: 35.70892572077542, Long: -96.34400557815707 WFD OIL CORPORATION SH, DR, 3750 ft, SKINNER(2190), RED FORK(2400), BARTLESVILLE(2600), DUTCHER(3050), WILCOX(3620) Stephens County BARBARA SUE #3, August 05 2020 13 2S 4W SWNWSWSW API: 13724978 Lat: 34.37889374806547, Long: -97.57950318380196 …

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SandRidge Energy reports a $216 million loss or more than $6 a share

  Weeks after SandRidge Energy, Inc. sold its downtown Oklahoma City high-rise headquarters in a more than $35 million deal with the state, the company released its second quarter earnings report showing a net loss of nearly $216 million or more than $6 a share. The firm also expressed some doubts about its chances of …

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Oil ends at 5-month high after data shows drop in crude supplies

  A government report showing a large drop in U.S. crude inventories, including those in Cushing, Oklahoma resulted in oil futures posting their highest close in five months in Wednesday’s trading. But analysts say an unexpected increase in gasoline stocks apparently stalled the oil futures increase. West Texas Intermediate crude for September delivery finished the …

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U.S. court allows Dakota Access oil pipeline to stay open

  The Dakota Access Pipeline won’t be closing after all, following a U.S. appeals court ruling on Wednesday that stayed a federal judge’s ruling from July. However, U.S. regulatory officials may still have to issue another environmental assessment for DAPL before deciding if the 570,000-barrel-per-day oil pipeline can continue to operate, the U.S. Court of …

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Earnings in 2Q slipped for Tulsa’s Blueknight Energy Partners

  Second quarter earnings for Tulsa-based Blueknight Energy Partners slipped $2 million as the company reported net income of $1.4 million along with operating income of $4 million and adjusted EBITDA of $16.1 million. But crude storage took a big jump upward and the company might make a stronger focus on terminalling. Net income was …

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2Q loss of $561 million reported by OKC’s Gulfport Energy

Gulfport Energy Corporation reported financial and operational results for the three months ended June 30, 2020 showing a net loss of $561.1 million or $3.51 per diluted share. The Oklahoma City company’s reported adjusted net income was $47.1 million or 29 cents a share for the quarter. Its generated adjusted EBITDA was $145 million while reported …

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Iowa Senators show their colors in confirmation vote

  When the U.S. Senate voted Tuesday to confirm Mark Menezes to be deputy Energy secretary, he had the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford. But not of Iowa’s two senators and their opposition stems from the fight over biofuel blending requirements—those fought by at least one Oklahoma refinery and other …

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Wyoming’s rig count falls to zero for only second time in 136 years

  As of mid-week, there are no operating drilling rigs in Wyoming. Zero. Nada. Zilch. For the first time in 136, the state of Wyoming has no active rigs drilling for oil or gas. The state’s total rig count fell to zero as the last rig was laid down and workers dismantled the operation. It …

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Colorado commission increases levy on oil and gas production

  While the state’s oil and gas production has nose-dived along with the number of rigs drilling, the Colorado Oil and Gas Conservation Commission has decided it’s time to increase the mill-levy rate on producing wells. The Commission, in a meeting on Tuesday adopted the increase and announced that it has reduced its spending “to balance …

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