At a time when oil is virtually worthless and sellers were paying buyers to take the off their hands, Tulsa based Ovintiv-Mid Continent Inc. reported discovery of a five-well pad producing nearly 4,000 barrels of oil a day in the STACK. Completion reports filed this week show the five Franklin Fiu 1508 wells were …
2020 archive
Completion reports for April 20, 2020
Completion reports filed on April 20, 2020. BLAINE COUNTY Continental Resources Inc 1 14N 13W West Blaine 1-1 Swd, September 19, 2018 SH, DISP, TD: 8320 ft Lat: 35.71729, Long: -98.54226 API: 35011237800000 CANADIAN COUNTY Travis Peak Resources Llc Mississippi: Oil 1022 Gas 1985 Water 950 Flow 6 11N 6W Elmenhorst 1h-06-07, August 17, 2018 HH, OIL, TD: 17185 ft Lat: 35.46368, …
Permits to drill for April 20, 2020
Permits to drill issued on April 20, 2020. Grady County BILLY #0305 2H-12, April 17 2020 01 3N 5W NESESESW API: 05124781 Lat: 34.75486120145807, Long: -97.67801032272047 OVINTIV MID-CONTINENT INC. HH, DR, 18577 ft, SPRINGER(13095) Grady County BILLY #0305 4H-12, April 17 2020 01 3N 5W NESESESW API: 05124779 Lat: 34.75486120686699, Long: -97.67809354737787 OVINTIV MID-CONTINENT INC. HH, DR, …
Oil becomes virtually worthless for a day
It’s never happened previously….oil prices went into negative territory on Monday and sellers were paying buyers to take it off their hands. Observers called it jaw-dropping as prices for West Texas Intermediate crude actually hit minus $40.32 a barrel. Blame it on the coronavirus pandemic which left the U.S. economy at a standstill and so …
Oklahoma regulators to consider reduced oil production request
Oklahoma Corporation Commissioners will meet Wednesday to possibly vote on a request for an emergency order sought by Tulsa oil company LPD Energy LLC to force a reduction in oil production in the state. The request filed earlier in the month by LPD contends the sale of crude oil at current prices is a “waste” …
Midship pipeline going operational
Midship Pipeline Company, LLC announced Monday that it has received full final approval from the Federal Energy Regulatory Commission to place Midship Pipeline into service stretching from Kingfisher to the state line. The 234-mile pipeline is designed to move natural gas from Oklahoma’s Anadarko Basin to the Gulf Coast and southeast markets and beyond. Midship …
Fight between Williams and Energy Transfer still alive in court
Four years after a proposed merger of Tulsa-based Williams Cos. with Energy Transfer of Dallas flopped before the two could even get to the altar, a court battle is still underway. And the accusations are flying, including some serious claims against Williams’ CEO Alan Armstrong. Samantha Hafermann, writing for The Well News detailed the progress …
Inhofe urges use of tariffs against Russia and Saudi Arabia
U.S. Sen. Jim Inhofe applied more pressure this week on Commerce Secretary Wilber Ross to push ahead with his investigation of the anticompetitive practices of Russia and Saudi Arabia which resulted in a glut of oil and an energy crisis. He also urged the adoption of more tariffs suggesting it was done to influence China …
Energy news in brief
** A small earthquake was recorded Saturday morning in Woodward County in northwest Oklahoma. The Oklahoma Geological Survey said it was a 1.5 magnitude quake at 6:40 am. ** San Antonio-based NuStar Energy L.P.announced that it has entered into a $750 million unsecured term loan agreement with funds managed by Oaktree Capital Management, L.P. to strengthen …
From oil boom to oil bust in Southeast New Mexico
Just as rig activity in Oklahoma’s prolific STACK and SCOOP plays has dwindled, the number of rigs being put aside in the nation’s highest producing play, the Permian Basin is suffering too. The boom has gone bust. In New Mexico’s southeast corner, the pain is evident as discovered in a recent report by the Santa …