Completion reports filed on April 29, 2020. BLAINE COUNTY Council Oak Resources Llc Morrow Sand: Oil 246 Gas 6499 Water 2 Flow 4 17N 12W Haigler 1-4h, August 30, 2019 HH, GAS, TD: 14445 ft Lat: 35.97190, Long: -98.47757 API: 35011236410002 HUGHES COUNTY Trinity Operating Usg Llc Mayes – Woodford: Gas 8334 Water 2590 Flow 31 8N 12E Glynell 2-31/30h, October 03, 2019 HH, GAS, …
2020 archive
Permits to drill for April 29, 2020
Permits to drill issued on April 29, 2020. Stephens County SANNER(EAST) #32, April 29 2020 22 1S 5W NENWSESW API: 13727609 Lat: 34.452039011271104, Long: -97.71375448267595 PRUITT OPERATING COMPANY LLC SH, DR, 750 ft, PERMIAN(300)
Companies agree to store increased emergency oil
As the Trump administration attempts to give help to the ailing U.S. oil and gas industry, one of its plans involves an expansion of the nation’s Strategic Oil Reserve. As a result, nine companies have reached agreement to store 23 million barrels of crude oil in the U.S. emergency oil reserve. Reuters reported a …
Historic dividend cut made by Shell
Shell has cut its dividend for the first time since the Second World War, ending a run of ever-larger shareholder returns that has lasted for almost a century. Shareholders, which include thousands of pension funds, were told that their chunky dividend – the largest from a London-listed firm in the UK – was …
Oil prices jumped 24% to offset drop earlier this week
On the day that Reuters reported Chesapeake Energy was close to pulling the trigger on a bankruptcy court filing, oil prices in the U.S. rose $3 a barrel while the company’s shares dropped $2. West Texas Intermediate was up 24% from earlier in the week and added $3.01 a barrel to reach $15.35. International Brent …
Regal Cinemas makes layoffs permanent in Oklahoma
Oil and gas workers in Oklahoma aren’t the only ones losing their jobs due to the COVID-19 pandemic and the oil crisis. Regal Entertainment headquartered in Tennessee notified the Oklahoma Workforce Development office on Wednesday that it was closing its three cinemas in Moore, Broken Arrow and Midwest City and being forced to lay off …
Chesapeake Energy said to be preparing to file bankruptcy
Only a few days after we reported how Oklahoma City’s Chesapeake Energy Corp was on a short list of energy companies likely to fail this year and Reuters reported the company is preparing a potential bankruptcy filing. Reuters attributed “people familiar with the matter” and reorted that the company, as reported previously by other …
Williams Cos. shareholders honor longtime director
Kathleen Cooper ] Longtime Williams director and former Chairman of the Board Kathleen Cooper was honored at this week’s annual shareholders meeting on Tuesday. Cooper, a Director since 2006, is one of a select few women to serve as an S&P 500 company …
DEQ urges reopening OK businesses to flush water lines
With much of Oklahoma set to reopen Friday from the coronavirus pandemic, the State Environmental Quality Department is issuing some advice for businesses returning to near normal conditions as possible. The Oklahoma Department of Environmental Quality recommends Oklahoma’s businesses closed for prolonged periods of time to flush water lines. As many buildings have had little to no …
Energy news in brief
** Venezuelan President Nicolás Maduro named a powerful ally sanctioned by the U.S. as a drug kingpin, along with a cousin of the late socialist leader Hugo Chávez, to revamp Venezuela’s oil industry amid massive gasoline shortages. Tareck El Aissami was appointed oil minister and Asdrúbal Chávez tapped to head of state-run oil giant PDVSA. ** Ford and …