Oklahoma City-based LSB Industries, Inc.’s Executive Vice President and Chief Financial Officer Cheryl Maguire will take part this week in a Sidoti Virtual Microcap conference. Sidoti is a provider of independent securities research focused on small and microcap companies. It serves nearly 500 institutional clients in the U.S., Canada and the U.K. Maguire will …
November 2020 archive
Judge again blocks oil and gas leases in Wyoming
For the second time in two years, a U.S. District Court Judge for the District of Columbia has blocked drilling on more than 300,000 acres in Wyoming. Judge Ralph Contreras issued his ruling on Friday, claiming the government failed to adequately consider the drilling impact on climate change, reported Reuters. The wire service reported …
Gulfport Energy files Chapter 11 bankruptcy
Even as Gulfport Energy Corp. made the Sunday Oklahoman’s list of top major companies in Oklahoma, the Oklahoma City company filed for Chapter 11 bankruptcy this week. Its Nov. 13 filing in U.S. Bankruptcy Court in Houston, Texas showed the firm declared nearly $2.5 billion in liabilities as of Sept. 30. The filing showed …
Energy news in brief
** A circuit court judge orders tree sitters blocking the Mountain Valley Pipeline to leave a southwestern Virginia encampment they have occupied for more than two years according to the Roanoke Times. ** American Electric Power will refurbish three coal-fired plants in West Virginia and one in Arkansas with new coal ash-handling systems to meet EPA requirements reported The Intelligencer. ** New York announces …
Completion reports for November 13, 2020
Completion reports filed on November 13, 2020. PONTOTOC COUNTY Citation Oil & Gas Corporation 28 2N 7E East Fitts Unit (Woolley 4-6) 33-4b, December 21, 2017 SH, PLUG, TD: 3476 ft Lat: 34.61179, Long: -96.56801 API: 35123073490003
Permits to drill for November 13, 2020
Permits to drill issued on November 13, 2020. Caddo County KRAMER #1-32, November 13 2020 32 6N 9W SENWNESW API: 01522589 Lat: 34.94796760891544, Long: -98.17451995057334 TERRITORY RESOURCES LLC SH, RC, 6950 ft, YULE(5850) Coal County LDC #3-23/26H, November 13 2020 23 2N 9E NESWNENW API: 02921399 Lat: 34.63433340069251, Long: -96.33148187071448 CANYON CREEK ENERGY ARKOMA LLC SH, DR, …
Energy stocks rebounded on Friday while crude futures did not
As crude oil futures dropped on Friday, just the opposite happened for energy stocks of Oklahoma companies and those that have operations in the state. Increases came after a dramatic increase earlier in the week followed by a tumble in the prices of shares on Thursday. West Texas Intermediate crude for December contracts dropped …
Rig count improves in Oklahoma and other states but COVID-19 still has a strangle hold on the industry
The number of active oil and gas rigs in Oklahoma increased by one in the past week, increasing to 14 and going hand-in-hand with the nation’s count which also gained in numbers. It shows the oil and gas industry continues struggling with the impact of the coronavirus pandemic. Baker Hughes on Friday reported total …
NW Arkansas group begins $1 million job advertising campaign
The business group Northwest Arkansas Council has launched a $1 million program aimed at filling an estimated 10,000 job openings in the region of Arkansas. Called “Life Works Here“, the program is aimed at luring science, technology, engineering, arts and math workers to the area. The six-month initiative, according to the Council will bring …
Completion reports for November 12, 2020
Completion reports filed on November 12, 2020. completions: none were processed today