The number of oil and gas firms going bankrupt in Louisiana is growing. The Advocate in Baton Rouge reports at least four such firms took the action in recent weeks. Two businesses near Lafayette, one in Houma and another in Kenner filed for bankruptcy, all of which appear to be oil and gas services …
A week after it missed interest payments on some of its debt, Oklahoma City-based Chesapeake Energy has received another break. It is being allowed by the government to suspend production from more than 100 federal drilling leases without losing ownership of the assets. Reuters reported the findings after reviewing a federal database. The assistance …
COVID-19 has left the state of New Mexico retreating from its planned heavy government spending based on oil and gas production. Just witness what the pandemic has done to the state’s rig count. As of last week, there were 51 oil and gas rigs active in the state, according to the latest Baker Hughes …
Completion reports filed on June 22, 2020. CANADIAN COUNTY Chaparral Energy Llc Mississippi(9745): Oil 507 Gas 3374 Water 820 Flwg 19 12N 6W Fuji 1206 1smh-19, March 29, 2020 HH, OIL, TD: 14829 ft Lat: 35.49499, Long: -97.88025 API: 35017255850001 POTTAWATOMIE COUNTY Arrowhead Energy Inc Hunton(4650): Oil 9.5 Water 245 Pump 21 8N 3E Pearcy 3-21, November 14, 2019 SH, OIL, TD: 5004 ft Lat: …
Permits to drill issued on June 22, 2020. Canadian County MCNEFF 22-27-10-5 #1XH, June 19 2020 22 10N 5W SWNENENW API: 01776001 Lat: 35.33276914421883, Long: -97.71725435923327 OTC/OCC NOT ASSIGNED SH, RC, 19721 ft, WOODFORD(8900) Carter County LINDLEY #1-35, June 22 2020 35 3S 2W CSWNE API: 01920968 Lat: 34.247163903704724, Long: -97.38512164891394 ARDMORE PRODUCTION & EXPLORATION SH, DP, …
Crude oil prices settled at more than $40 a barrel Monday in U.S. trading while overseas it reached nearly $43 a barrel. For some producers, it might be the break-even point for them to start making a profit once again. In March, the break-even price had dropped to $25 for some producers while a …
Oklahoma’s US House delegation is back in Washington this week preparing for a full legislative session and one of the House goals is to build support for infrastructure and pandemic stimulus legislation. Some attended President Trump’s Saturday night rally in Tulsa and now prepare to debate the infrastructure package which includes a House Select …
Oklahoma City’s Chesapeake Energy is among those firms mentioned in a report about the weekend expiration of the U.S. Antitrust Criminal Penalty Enhancement and Reform Act. The law lengthened criminal antitrust penalties and also offered companies such as Chesapeake to report price-fixing. The law was enacted in 2004 and Chesapeake Energy is among those who …
The Kansas Corporation Commission has opened an investigation into an agreement between Evergy Inc. and investor Elliott International. According to a news release from KCC spokeswoman Linda Berry, there are concerns about how the agreement could negatively affect Kansas electric customers. Evergy and Elliott came to an agreement in March after months of …
A district court judge in Hutchinson, Kansas has ruled against NextEra Energy in its fight to begin building a new wind farm to be located between Hutchinson and Wichita. The Reno County judge recently ruled on a key element in a lawsuit filed by NextEra Energy over the denial of a permit for its …
