Bloomberg reports the Chapter 11 bankruptcy of Oklahoma City’s Chesapeake Energy Corp. is headed to a court fight as creditors contend Chesapeake and Franklin Resources Inc. are accused of basing the company’s bankruptcy on a fraudulent scheme. U.S. Bankruptcy Judge David Jones set a Dec. 15 hearing to review the claims of the creditors …
October 2020 archive
Completion reports for October 30,2020
Completion reports filed on October 30, 2020. LAINE COUNTY Devon Energy Production Co Lp Mississippian: Oil 1378 Gas 2793 Water 1239 Flow 7 15N 10W Centaur 7_6-15n-10w 2hx, June 26, 2019 HH, OIL, TD: 21589 ft Lat: 35.78397, Long: -98.31175 API: 35011241260000 Devon Energy Production Co Lp Mssp: Oil 1870 Gas 3894 Water 1403 Flow 7 15N 10W Centaur 7_6-15n-10w 3hx, June 26, 2019 HH, OIL, …
Permits to drill for October 30, 2020
Permits to drill issued on October 30, 2020. Dewey County CASHEW 765 #1H, October 30 2020 07 18N 15W SWSESWNW API: 04323718 Lat: 36.05123233871651, Long: -98.8472253185722 KAISER-FRANCIS OIL COMPANY MU, DR, 17500 ft, RED FORK(8600) Mcclain County BEGINNINGS 0804-31-30 #1WHX, October 30 2020 06 7N 4W NWNWNENW API: 08722299 Lat: 35.11591247261905, Long: -97.66570205119041 WARWICK-MINERVA LLC MU, DR, …
Energy stocks hit “teeter totter” trading day on Friday
As oil prices dropped even further in Friday’s trading in the U.S. and in Europe, the day proved to be a mixed bag for trading of energy stocks. Some Oklahoma energy companies made big gains while others fell as much as 10%. Tulsa’s WPX Energy, in the process of merging with Devon Energy saw …
Crude oil futures dropped more on Friday’s trading
They already had dropped to a 5-month low in trading this week, but crude oil futures took another slide downward on Friday. West Texas Intermediate futures dropped 38 cents or 1.05% and settled at $35.79 per barrel on the New York Mercantile Exchange. Brent Crude, in ICE futures trading slipped 19 cents or .50% …
Attorney General Hunter Warns of Contractor Fraud in Wake of Ice Storm
The disastrous ice storm that left hundreds of thousands of Oklahomans without electrical power prompted Attorney General Mike Hunter to issue a warning about fraudulent contractors. He urged residents to be cautious about selecting contractors for ice-storm repairs and cleanup. “Criminals see things like ice storms as an opportunity to make money,” Hunter said. …
Illinois River Watershed Steering Committee Virtual Meeting Nov. 9
The Illinois River Watershed Steering Committee (Steering Committee) in Oklahoma will hold a virtual meeting on November 9, 2020 at 1:00 PM. The meeting will be conducted virtually via Zoom. During the meeting, presentations from environmental agencies in Oklahoma and Arkansas and the Cherokee Nation will be given. The virtual meeting will be open …
Rig numbers increase in U.S. but slip in Oklahoma
The number of oil and gas drilling rigs active in Oklahoma slipped by one in the past week, falling to 14 rigs compared to the 51 a year ago, according to the latest figures released by Baker Hughes Co. Nationally, numbers increased by 9 to reach 296 as the total of oil rigs grew …
Boulder County, Colorado moves to stop oil drilling by Denver company
Officials in Boulder County, Colorado, considered to be a focal point of anti-oil and gas operations, have taken legal action to stop bankrupt Extraction Oil and Gas from drilling near its borders in Weld County. The county filed an emergency motion this week asking a court to end a suspension of pending litigation between …
Mustang electric cooperative receives $69 million USDA investment
An Oklahoma rural electric cooperative, CKenergy Electric Inc. of Mustang has received $69 million in USDA investments to improve rural electric programs. USDA Secretary Sonny Perdue made the announcement, explaining that CKenergy Electric received an investment of $5,735,046 to be in smart grid technologies. But the rest of the $69 million will be used …