When Oklahoma’s legislature approved a new state law in May that prevented cities and local governments from banning natural gas hookups in new buildings, it joined a list of other states doing the same thing. The movement pushed by the natural gas industry has caught the attention of some journalists critical of the effort, …
August 2020 archive
Mesa Trust won’t have a distribution for August
The COVID-19 has forced operators of the Mesa Royalty Trust, one formed to cover producing oil and gas properties in the Hugoton field of southwest Kansas and the San Juan Basin fields of New Mexico and Colorado to suspend any distribution in August. The Trust announced over the weekend that there would be no …
Completion reports for August 21, 2020
Completion reports filed on August 21, 2020. GARFIELD COUNTY M M Energy Inc Garber /permian/: Oil 5 Water 100 Pump Hotson(1428): Oil 4 Water 20 Pump Hoy(1064): Oil 2 Water 20 Pump 19 22N 3W Kisner 54, September 26, 2019 SH, OIL, TD: 2150 ft Lat: 36.37565, Long: -97.56369 API: 35047012560005
Permits to drill for August 21, 2020
Permits to drill issued on August 21, 2020. permits: none were processed today
SandRidge Energy exec just made large acquisition of shares in the company
While SandRidge Energy reported a $216 million net loss in its second quarter, one company executive has just acquired 200,000 shares in the struggling firm. A filing with the Securities Exchange Commission on Friday showed Salah Gamoudi , SandRidge’s Chief Financial Officer and Chief Accounting Officer acquired the common stock in an August 11 transaction. …
ConocoPhillips finalizes $390 million acquisition of Canadian holdings
ConocoPhillips announced that it has completed the previously announced $390 million transaction to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. The company also assumed approximately $30 million in financing obligations for associated partially owned infrastructure. The company now has 295,000 net acres in the Montney with 100 percent working interest. “The liquids-rich …
Slight increase in active rig counts across the US while Oklahoma is unchanged
The nation saw a slight increase of 10 oil and gas rigs in the past week to reach a total of 254 while in Oklahoma, the numbers were unchanged at eleven active rigs. The country’s storage yards are packed with rigs as energy companies realize the COVID-19 pandemic continues to cause layoffs, bankruptcies and …
Court hearings this week in Dakota Access pipeline fight
Deadlines in two separate federal courts arrive this week in the fight over efforts to shut down the Dakota Access Pipeline in North Dakota. The oil and gas industry and environmentalists are closely watching the case that could determine whether a three-year-old crude pipeline, which serves as the main crude artery from the Bakken …
Small refinery biofuels exemptions issue still alive
EPA’s online dashboard shows the agency has now received nearly 100 petitions for small refinery exemptions to the Renewable Fuel Standard mandates dating back to 2011. Since June, EPA has received two new petitions for each of 2011 and 2012, three new petitions for each of 2013, 2014 and 2015, plus one more for …
Energy news in brief
** Jerome Bettis sued energy company EQT for $66 million in a federal court on Thursday alleging racial discrimination. The Hall of Fame running back who won a Super Bowl with the Pittsburgh Steelers is part owner of a trucking company called IntegrServ. He claims that EQT backed out of a business agreement with IntegrServ that was …