August 2020 archive

Acquisition target Noble Energy reports 2Q loss

  Noble Energy, Inc., the company set to be acquired by Chevron later this year, is out with its second quarter earnings report showing a $408 million or 85 cent a diluted share loss. Excluding items impacting comparability, the Company generated adjusted net loss and adjusted net loss per share attributable to Noble Energy for the quarter of $114 …

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Completion reports for August 3, 2020

Completion reports filed on Aug. 3, 2020.   KINGFISHER COUNTY Sk Nemaha Llc Mississippian(6775): Oil 334.68 Gas 324 Water 467 Pump 36 19N 6W Phyllis 36-m3sh, May 14, 2019 HH, OIL, TD: 11684 ft Lat: 36.08609, Long: -97.79413 API: 35073264760000 STEPHENS COUNTY Citation Oil & Gas Corporation Woodford(12648): Oil 71 Gas 3324 Water 2582 Flow 26 1N 5W Prairiedale 1-27hw, December 22, 2018 HH, GAS, TD: …

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Permits to drill for August 3, 2020

Permits to drill issued on Aug. 3, 2020. Blaine County NITZEL #2-18 1412MH, December 28 2018 07 14N 12W SESESWSE API: 01124152 Lat: 35.6970220248538, Long: -98.51324046827514 TRIUMPH ENERGY PARTNERS LLC HH, AM, 17959 ft, MISSISSIPPIAN(12445) Caddo County APACHE GAS UNIT #1, October 14 2019 19 5N 11W CNENESW API: 01520698 Lat: 34.890217619580895, Long: -98.40156535156453 DONRAY PETROLEUM LLC …

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Sale results in water-well drilling plant closure in Enid

  More than 90 workers are set to lose their jobs with the pending closure and sale of the GEFCO, Inc. manufacturing plant in Enid. In a WARN notice to the Oklahoma Office of Workforce Development as well to Enid Mayor George Pankonin, the company said the closure will occur because GEFO plans to sell …

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AG says US Supreme Court could release violent prison inmates in Oklahoma

Oklahoma Attorney General Mike Hunter isn’t finished with the recent U.S. Supreme Court decision that resulted in a flood of inmates challenging their state convictions on historic tribal lands and confusion in the energy industry. In response to the challenges, some associated with the Muscogee (Creek) Nation, Hunter announced Monday he will file a brief with …

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Oil prices end higher after upbeat readings on manufacturing activity

  Crude oil prices ended higher on Monday with West Texas Intermediate crude for September delivery adding 74 cents or 1.8%. WTI settled at $41.01 a barrel in trading on the New York Mercantile Exchange as analysts credited the increase on upbeat readings on manufacturing activities. Some also see a limited field of improvement for …

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Williams reports increased adjusted earnings in 2Q

  Williams Cos. in Tulsa reported a second quarter net income of $303 million or 25 cents per diluted share while its adusted EBITDA for the quarter totaled $1.24 billion and $2.502 billion for the year to date—an increase for the year. The company reported that excluding its non-cash deferred revenue step down, the second …

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A 2Q loss of $239 million is reported by Continental Resources

After shutting in oil volumes in the second quarter of 2020, Oklahoma City’s Continental Resources still reported a net loss of $239.3 million or 66 cents a diluted share. The company’s earnings report, released Monday showed an adjusted net loss for the quarter was $255.7 million or 71-cents a share. Revenue for the quarter was …

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Slow bankruptcy process for Chesapeake Energy and Unit Corporation

  More than a month after Oklahoma City’s Chesapeake Energy filed for Chapter 11, becoming the largest U.S. oil and gas producer to seek bankruptcy in recent years, there are daily filings in the case in the bankruptcy court of the Southern District of Texas. If one thing is clear, the process is keeping busy …

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Energy news in brief

** Apache Corp. Apache Corporation and Total S.A. announced a major oil discovery at  its 1.4-million-acre offshore Suriname tract. The Kwaskwasi-1 well was drilled offshore Suriname in Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. ** Dominion Energy is replacing its …

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