2020 archive

EDF to build solar farm near Lawton

EDF Renewables, the owner and operator of wind farms in Oklahoma is bringing its solar power operations to the state. The company was the recent winning bidder at a public auction for 4,350 acres of land owned by the Oklahoma Commissioners of the Land Office. The land is located southeast of the city of Lawton …

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Oklahoma Land Commissioners okay purchase of SandRidge Tower

  The state of Oklahoma’s purchase of SandRidge tower, former headquarters for SandRidge Energy has been approved by the Oklahoma Commissioners of the Land Office. The five commissioners voted to approve the $35.5 million purchase of the building with plans to relocate the Oklahoma Tax Commission, Tourism and Recreation Department, Oklahoma Department of Health and …

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If Chesapeake files bankruptcy, what about its $1 billion in hedges?

  Chesapeake Energy Corp. had almost $1 billion in hedges 10 weeks before executives were said to start prepping for a bankruptcy filing. The question now is how many are left and what will the cash-strapped shale driller do with them? Chesapeake’s natural gas and oil derivatives as of March 31, according to a filing, …

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Oilfield equipment on the auction block

More and more oilfield equipment is going for bargain-basement prices in auctions held throughout the industry as rigs and equipment are idled due to the coronavirus pandemic and the oil price crisis. Reuters recently covered one such auction in North Dakota. Fast-talking auctioneer Greg Highsmith sung out dozens of prices – “seventy-five-hundred now, $10,000 now, …

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Completion reports for June 11, 2020

Completion reports filed on June 11, 2020. BLAINE COUNTY Marathon Oil Company Miss Lime/miss’an (less Chester): Oil 1054 Gas 1532 Water 2600 Flow 3 16N 11W Roser 1611 2-3-34mxh, May 04, 2019 HH, OIL, TD: 20385 ft Lat: 35.88538, Long: -98.35503 API: 35011241080002 Ovintiv Mid-continent Inc. Mississippian (less Chester): Oil 91 Gas 11913 Water 645 Flow 3 14N 13W Debbie Fed 1413 7h-3x, March 29, 2019 …

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Permits to drill for June 11, 2020

Permits to drill issued on June 11, 2020. Stephens County FRENSLEY B #9, June 11 2020 25 1S 5W NWNESESW API: 13721742 Lat: 34.4370200901443, Long: -97.67742631140554 STEPHENS & JOHNSON OPERATING CO SH, RC, 4414 ft, HOXBAR(1314), DEESE(1685), MISSISSIPPI LIME(3888)

Big drop in oil prices in US and overseas

  Crude oil producers took it on the chin again Thursday as futures prices in the U.S. and overseas took their biggest drop in more than six weeks. West Texas Intermediate crude for July deliver fell $3.26 or 8.2% at $36.34 a barrel in trading on the New York Mercantile Exchange, this after rising 1.7% …

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Kiowa Power Partners, Shell Energy Award $12,000 in College Scholarships

   Kiowa Power Partners, LLC, owner of Tenaska Kiamichi Generating Station near Kiowa, and the facility’s electricity customer, Shell Energy North America, L.P., have awarded $12,000 in college scholarships to eight Kiowa High School seniors. Since 2004, the companies have presented 140 scholarships totaling nearly $150,000 to local students. Scholarships were awarded to Kiowa High …

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Senators to explore pandemic’s impact on energy

  The U.S. Senate Energy Committee has announced a June 16 hearing to examine impacts of the ongoing Covid-19 pandemic on the energy sector. Witnesses have yet to be announced, but ME expects lawmakers will be interested in the oil price crash and the more than 600,000 jobs in the clean energy sector lost during the crisis. The Committee …

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Toughest well regulations adopted by Colorado regulators

  Three years after a home explosion caused by a leaking gas line killed two men, Colorado regulators Wednesday adopted new rules to guard the integrity of oil and gas wells and protect groundwater resources — rules industry and environmental groups both called the most comprehensive in the country. The Colorado Oil and Gas Conservation …

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