Permits to drill issued on September 17, 2020. Grady County MCELVANY #1-26, September 17 2020 26 5N 5W SWSENWSE API: 05123515 Lat: 34.87366937022965, Long: -97.69378025532185 RED ROCKS OIL & GAS OPERATING LLC DH, RC, 13270 ft, HART(8945), SYCAMORE(11132), WOODFORD(11222), HUNTON(11426), VIOLA(12118), SIMPSON UP(12679), SIMPSON LOW(12967) Kingfisher County CONNIE FED 1608 #3H-15X, September 17 2020 27 16N …
September 2020 archive
Bankrupt Chesapeake Energy lays off more workers while reorganizing finances
Chesapeake Energy has made another round of layoffs following its June filing for Chapter 11 bankruptcy. The Oklahoma Office of Workforce Development reported the apparent layoffs late Thursday afternoon. So did News 9 TV. “Layoff at Chesapeake, reported more than one place. Probably around 200. Should find out more tomorrow,” wrote Bill Hancock, the Business Services …
OPEC decision didn’t help some Oklahoma energy companies in Thursday’s trading
Even as oil futures rose on Thursday, it proved to be a mix for some of the Oklahoma energy companies. Some had a good day. Others didn’t. Alliance Resource Partners, L.P. dropped a penny to $3.22 while Blueknight Energy Partners dropped less than one cent to $1.50. Chesapeake Energy saw a 14 cent or …
Oil prices finish higher as OPEC+ stresses full compliance with output quotas
Oil futures finished higher on Thursday as the Organization of the Petroleum Exporting Countries and its allies stressed the importance of full compliance with output cuts during their monthly meeting. On Thursday, West Texas Intermediate crude for October delivery climbed by 81 cents, or 2%, to settle at $40.97 a barrel on the New York …
Oklahoma Energy Index points to prolonged economic uncertainty
The downturn in Oklahoma’s oil and natural gas industry may be reaching its lowest point, but the Oklahoma Energy Index (OEI) raises concerns for prolonged economic uncertainty for the state and its defining industry. With the state’s rig count holding steady, decreases in production and support employment at less than 2% and slight increases …
Virtual meetings a sign of the times for Oklahoma regulators
As Oklahoma Corporation Commissioners debated the safety merits of holding in-person hearings amidst the COVID-19 pandemic, they were assured the agency is protecting its employees. “This agency has done everything it can to protect its employees,” said Commission legal counsel Michelle Henderson when the issue was raised during Thursday’s meeting. She explained staff employees …
New Air Quality permit created by DEQ in Oklahoma
The Oklahoma Department of Environmental Quality announced the development of a new guidance document for Air Quality oil and gas facility permit applications. It said the guidance includes a flowchart to help with implementation and will streamline the review and acceptance of representative samples used for calculating emissions. The Department’s Air Quality Division said …
In Kansas, a Democratic Climate Hawk Closes in on a Republican Climate Skeptic
The race for a U.S. Senate seat in Kansas has been described as that between a Democratic Climate Hawk and a Republican Climate Skeptic. It’s how Inside Climate News painted the picture in characterizing the fight between Republican Congressman Roger Marshall, a first-term Representative and State Senator Barbara Bollier, a retired doctor from suburban …
Increased interest in Oklahoma drilling shown in permits
A release of drilling permits this week by the Oklahoma Corporation Commission showed resumed interest in drilling in the state, including by one major operator, Continental Resources. It could be an early signal that $40 a barrel oil is inducing some firms to resume drilling in the state. The Oklahoma City-based company received four …
5th District House candidates to debate in October
The first live, televised debate of the competitive congressional race for Oklahoma’s 5th District will be sponsored by OETA, the League of Women Voters of Oklahoma County and Oklahoma Watch. The debate between incumbent Democratic Rep. Kendra Horn and GOP challenger state Sen. Stephanie Bice will be at 7 p.m. Oct. 8 on OETA. It will be moderated …