Tulsa’s Williams announced Wednesday that it has priced a public offering of $1 billion of its 3.50% Senior Notes due 2030 at a price of 99.495 percent of par. The expected settlement date for the offering is May 14, 2020, subject to customary closing conditions. Williams intends to use the net proceeds of the offering …
Oklahoma City’s Ascent Resources Utica Holdings, LLC reported first quarter 2020 net income of $85 million and adjusted net income of $36 million, a turnaround from the net loss of $85 million and adjusted net income of $79 million a year earlier. Ascent is the seventh largest producer of natural gas in the United States …
State officials admit they were off the mark in estimating the impact of the COVID-19 pandemic and oil crisis on Oklahoma’s General Revenue Fund collections for April. Way off the mark. The $529.1 million in collections was 44% below the monthly estimate or $416.2 million less than predicted. It was also nearly 42% or …
Completion reports filed on May 12, 2020. CANADIAN COUNTY Citizen Energy Iii Llc Mississippian(12829): Gas 10646 Water 1098 Flow 9 12N 10W Jameson 2h-4-33, November 19, 2019 HH, GAS, TD: 23600 ft Lat: 35.53580, Long: -98.26822 API: 35017254980000 Urban Oil & Gas Group Llc Cottage Grove(8020): Oil 6 Water 156 Pump 31 14N 8W O U 2, September 06, 2018 SH, OIL, TD: 8120 …
Permits to drill issued on May 12, 2020. Grady County BILLY #0305 2HA-12, May 12 2020 01 3N 5W NESESESW API: 05124784 Lat: 34.754861202544404, Long: -97.67802696765195 OVINTIV MID-CONTINENT INC. HH, DR, 18577 ft, SPRINGER(13095) Oklahoma County JETSON 1304 08-17 #3BH, November 07 2019 08 13N 4W NWNWNWNE API: 10922484 Lat: 35.62293421922334, Long: -97.6467710243718 REVOLUTION RESOURCES LLC HH, …
Oil prices in the U.S. took a nearly half-dollar hit in Tuesday’s trading as Western Texas Intermediate crude dropped 2%, settling at $25.31 for the day on the New York Mercantile Exchange. WTI fell 47 cents while Brent crude, the international benchmark gained 35 cents and finished at $29.98 a barrel. Natural gas prices fell …
No deadlines or dates were announced, but the Trump administration says it will give the wind industry more time to claim subsidies that were about to expire, a move announced because of the global coronavirus pandemic. The Treasury Department said it has agreed to change rules governing the key renewable energy tax credits, a win …
North Dakota’s newly created Bakken Restart Task Force reports 6,800 wells have been shut-in since the start of the pandemic and the oil crisis caused by Russia and Saudi Arabia’s dumping of crude oil on the world market. It’s a simple number—6,800 but consider the cost of restarting those wells when the time comes. …
In the middle of the growing debate about whether to shut-in producing wells voluntarily or by orders of state regulators, there is a report that some drillers are reopening the wells they shut down in response to the pandemic-driven price collapse. It’s the word from pipeline giant Energy Transfer LP, according to the Midland …
A correction to our story about Oklahoma Corporation Commissioners considering the requests to declare oil a “waste” and allow more widespread shut-ins of crude oil wells in the state. Devon Energy was one of those firms that opposed the request of the Oklahoma Energy Producers Alliance but it took no stand on the similar request …
