After dropping below the $20 mark on Wednesday, the oil markets dropped even deeper by the close of trading on Friday with West Texas Intermediate falling another $1.60, reaching $18.27 a barrel. Brent crude in London was up 26 cents at $28.08 while natural gas prices on the New York Mercantile Exchange rose 7 …
Completion reports filed on April 17, 2020. CREEK COUNTY Thomas Exploration Company Simpson Sand: Red Fork(1975): Oil 13 Water 5 Pump 15 14N 10E Iva Bruner 4, August 15, 2017 SH, OIL, TD: 3600 ft Lat: 35.69399, Long: -96.23984 API: 35037290900000 CUSTER COUNTY Toklan Oil & Gas Corporation Cherokee Sands: Oil 4 Gas 15 Flow 24 15N 16W Floyd B Jones C 1-24, February …
Permits to drill issued on April 17, 2020. Canadian County REUTER TRUST #1H-8-17, April 16 2020 08 11N 8W NWNWNENE API: 01725621 Lat: 35.44872437474985, Long: -98.06438226124894 CITIZEN ENERGY III LLC MU, AM, 22427 ft, WOODFORD(11900) Canadian County REUTER TRUST #2H-8-17, April 17 2020 08 11N 8W N2NWNENE API: 01725622 Lat: 35.448724377564744, Long: -98.06428154180051 CITIZEN ENERGY III LLC …
A day after Oklahoma City’s Chesapeake Energy announced the layoff of 200 employees, the company took action to suspend dividend payments. The move applies to each series of the company’s outstanding convertible preferred stock and was effective immediately. “Suspension of the dividend does not constitute an event of default under any of the company’s debt …
In releasing its first quarter revenues of the year, Schlumberger reported a 9% drop from the fourth quarter of 2019 with worldwide revenue of $7.5 billion. It expects things to worsen and is preparing for company layoffs. When and where and if in Oklahoma wasn’t indicated. The company said its international revenue of $5.1 …
The oil and gas rig counts in Oklahoma and other states are falling as quickly as workers can lower the rigs and put them into storage. The Baker Hughes county released on Friday showed only 24 rigs are active in Oklahoma, down two in the past week. The oil crisis caused by the coronavirus …
A federal judge in Montana has heard from Native American tribes and environmental groups asking to shut down work on the Keystone XL pipeline from Canada to Nebraska. The groups contend they fear the spread of coronavirus by workers and believe construction will damage the land. After years of delays, the company is rushing ahead …
A request of the EPA by Oklahoma Gov. Kevin Stitt and four other governors for a biofuels waiver for small refineries has sparked a growing battle with corn growers and environmental groups. The corn-growing industry is adamantly against the request to suspend the regulatory requirement of blending billions of gallons of corn-based ethanol into …
Oklahoma Gov. Kevin Stitt was one of five Governors to ask the Trump administration this week for a nationwide waiver exempting the oil-refining industry from the nation’s biofuels law to help oil and gas operators survive the oil crisis caused by the coronavirus pandemic. “As our country comes to grips with this national emergency, continuing …
Oklahoma City-based BCE-Mach III LLC wrapped up its acquisition of the upstream assets of Alta Mesa Holdings, LP and its subsidiaries and the midstream assets of Kingfisher Midstream LLC in Kingfisher County Oklahoma. Word was announced this week but Mach Resources and its partner did not reveal how much they paid for the assets from …
