November 4, 2020 archive

Completion reports for November 4, 2020

Completion reports filed on November 4, 2020. CANADIAN COUNTY Red Bluff Resources Operating Llc Mississippian(7229): Oil 283 Gas 408 Water 2562 Pump 34 14N 5W Dannehl 1405 2-34mh, May 22, 2019 HH, OIL, TD: 12305 ft Lat: 35.65121, Long: -97.72279 API: 35017253420000 LOGAN COUNTY Stephens Production Co Mississippian(6429): Oil 138 Gas 47 Water 2043 Pump 6 17N 4W Emmerich 3-6h, January 11, 2019 HH, OIL, TD: …

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Permits to drill for November 4, 2020

Permits to drill issued on November 4, 2020. Woodward County BLAKESLY #3, November 04 2020 09 22N 17W S2S2N2NW API: 15321948 Lat: 36.402806296731484, Long: -99.0275376870725 UNIT PETROLEUM COMPANY SH, RC, 7450 ft, MUSSELLEM(7450)

Oil futures go up on report of trimmed crude inventory in US

  The Energy Information Administration’s report that crude oil inventories in the U.S. shed 8 million barrels last week apparently spurred higher crude oil futures on Wednesday. West Texas Intermediate crude for the December contract rose $1.3 or 3.8% to settle at $39.09 per barrel. Brent Crude, the benchmark on the ICE futures in Europe …

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Energy stocks slide as nervous investors await Presidential counting

As votes were being counted in some states a day after the Presidential election, it was obvious that investors might have been nervous about the impact of the outcome. Energy stocks of Oklahoma energy companies, for the most part were down and some, like Alliance Resource Partners took a severe beating as its shares fell …

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Democrats lose congressional rematches in Texas and New Mexico

    Just as election results in Oklahoma’s congressional races showed their importance in the energy industry, the same is said for some in Texas and New Mexico, both among the leading oil and gas producing states in the U.S. Texas Democrat Rep. Lizzie Fletcher won her reelection race in what is described as one …

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GOP dominance on Texas Railroad Commission extended with Jim Wright’s win

  With a 10% margin of victory over a Democrat challenger, Republican Jim Wright won election Tuesday to the Texas Railroad Commission, extending the Republican party’s control of the energy regulatory agency. Wright, owner of an oilfield waste services company, beat Chrysta Castaneda with a reported 53 to 43% margin while a Libertarian candidate and …

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Corporation Commissioners to meet this week

Two days after Oklahoma Corporation Commission Chairman Todd Hiett won re-election, he and commissioners Bob Anthony and Dana Murphy will hold their regular meeting on Thursday. Unless the commissioners decide to attend in person, it will be another virtual meeting that begins at 9:30 a.m. One item of interest is a discussion and possible vote …

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Unclear how ExxonMobil layoffs will impact Oklahoma

  Questions remain how ExxonMobil’s layoff of 1,900 workers across the U.S. will affect Oklahoma. Bill Hancock, Business Services and Rapid Response Coordinator for the Oklahoma Office of Workforce Development says the layoffs occurred in back office and production. “Wilson, Oklahoma (west of Ardmore) has a few people in production. I do not know if …

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Entergy Arkansas coal plant shutdowns put on hold

A federal court case has stalled plans by Entergy Arkansas to shutdown two of its coal-fired power plants. While Entergy says it planned to move ahead with the closures of the plants in Newark  and Redfield, National Public Radio reports that Wyoming spent political “dark money” to derail the plans. Arkansas Business reports that the …

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Arkansas voters okay permanent highway tax

  Voters in Arkansas voted this week to permanently extend a half-cent sales tax for highways. Arkansas Business reports the tax had the support of Republican Gov. Asa Hutchinson as well as the Arkansas State Chamber of Commerce and the Arkansas Trucking Association. But it had been opposed by the Sierra Club and Americans for …

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