November 5, 2020 archive

Completion reports for November 5, 2020

Completion reports filed on November 5, 2020. HASKELL COUNTY Trinity Operating Usg Llc Woodford(7566): Gas 1491 Water 917 Flow 7 7N 19E Reasnor 3-12/13/24h, June 05, 2019 HH, GAS, TD: 16446 ft Lat: 35.09347, Long: -95.34554 API: 35061223650001

Permits to drill for November 5, 2020

Permits to drill issued on November 5, 2020. Garvin County DOUGLAS #8, November 05 2020 14 1N 3W NENENWNE API: 04925332 Lat: 34.564592204136, Long: -97.4801810686149 DUNN’S OIL AND GAS LEASE MANAGEMENT SH, DR, 2500 ft, HOXBAR(2000) Grady County LAMBAKIS #3-11-2XHW, November 05 2020 14 3N 5W SWNENWNW API: 05124808 Lat: 34.73843197443131, Long: -97.70070753038665 CONTINENTAL RESOURCES INC MU, …

Continue reading »

Oil futures fell while energy stocks rose in Thursday’s trading

  Some Oklahoma energy stocks soared on Thursday with Oklahoma City-based SandRidge Energy skyrocketing up nearly 24%. The company’s shares closed up 43 cents and ended the day at $2.23. Blueknight Energy Partners LP jumped 16 cents for a nearly 12% gain at $1.50 per share. While energy stocks did well on Thursday, crude futures …

Continue reading »

Thousands remain without electricity from last week’s Oklahoma ice storm

  Tens of thousands still don’t have electrical power following the ice storm of last week in Oklahoma. But the lights might be coming back on soon. They are customers of Oklahoma Gas and Electric, numerous rural electric cooperatives and Public Service Company of Oklahoma. OG&E indicated it hoped to have power finally restored for …

Continue reading »

Ice storm had one positive affect—it eased Oklahoma’s drought

  Yes, the ice storm last week pounded the state of Oklahoma but it certainly helped ease the state’s drought as indicated on the latest U.S. Drought Monitor. ” All this great improvement is a result of the powerful winter storm that thrashed the state last week,” wrote Gary McManus, State Climatologist with the Oklahoma Mesonet. In …

Continue reading »

$244 million 3Q loss reported by Murphy Oil

After moving its headquarters from El Dorado, Arkansas to Houston, Texas, Murphy Oil Corp. reported a third quarter net loss of $244 million. The company called its $317 million loss in the second quarter “unprecedented” and blamed it on the COVID-19 pandemic. The oil exploration and production company’s per share loss amounted to $1.59 but …

Continue reading »

Revenue collections show Oklahoma’s economy continues to sag

  Oklahoma’s government revenue continues to see a drop in collections and oil and gas gross production tax revenue remained down in October. State Treasurer Randy McDaniel announced gross receipts to the treasury continued their slide as individual income tax collections were down 7.5%. He said it is another indication “the state’s economic downturn has …

Continue reading »

SandRidge Energy reports $49 million 3Q loss

  Oklahoma City-based SandRidge Energy reported it managed to reduce its net debt by nearly $45 million in the third quarter but still suffered a net loss of about $49 million. Leadership also indicated it feels stronger about the company managing to survive even though it has yet to drill a well in 2020. The …

Continue reading »

ENVERUS weekly rig count shows weekly gain of 15 nationwide

  The U.S. rig count is steadily growing according to Enverus which reported an increase of 15 rigs to a total of 356. The data-providing firm’s Day Rate Report showed the count is up 14% over last month but still down 57% compared to a year ago. The largest weekly gain was the Permian where …

Continue reading »

Earnings and net income plunge in 3Q for OGE Energy Corp.

  OGE Energy Corp., the parent company of Oklahoma Gas and Electric reported a drop in its earnings for the third quarter of 2020 and it blamed much of it on a change in the weather. Earnings totaled 89 cents a share in the quarter, down from the $1.25 per diluted share in the third …

Continue reading »