The actions of dozens of Oklahoma oil and gas companies is leading analysts to predict the state of Wyoming could lose $555 million to nearly $2.8 billion in state revenues over the next two years. That’s how many Oklahoma exploration and production companies from Oklahoma City and Tulsa and other cities are active in …
** Williams plans to announce its first-quarter 2020 financial results after the market closes on Monday, May 4, 2020. The Tulsa-based company’s first-quarter 2020 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, May 5, 2020, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). ** Oklahoma City’s LSB Industries, Inc. announced that …
North Dakota, where Oklahoma’s Continental Resources Inc. led the state’s massive oil production, has already seen more than 2,000 workers lose their jobs statewide in the coronavirus pandemic and the oil market crash. Now one state official estimates another 6,000 will lose their jobs in the coming months. The prediction comes from Lynn Helms, North …
The Phillips 66 donation of $3 million to COVID-19 relief efforts in the U.S. and the United Kingdom included $300,000 to efforts in Bartlesville, Oklahoma, home of a major Phillips 66 operation and research center. Garrett Giles with KWON Radio in Bartlesville reported the money was granted to the Bartlesville Regional United Way Board …
Tenaris, which manufactures steel pipe for the oil industry and is headquartered in Luxembourg is suspending operations at four U.S. plants, including Baytown, Texas and plans to layoff workers at others as demand for its products falls during the oil crash. The company said it has temporarily closed plants in Koppel and Ambridge, Pa.; Brookfield, Ohio, until …
As some production companies notify their Oklahoma royalty owners of intentions to shut in some wells in the state, Permian Basin owners in West Texas are getting similar notifications from Concho Resources. The Texas company says it is shutting some output in response to the collapse in crude prices and explains that others are …
Another round of large producing wells and single-pad operations was reported this week to Oklahoma Corporation Commissioners including a Chaparrel series of wells with 2,600 barrels of oil a day in production. Chaparral Energy LLC filed reports on two Greenback 1307 wells located at 26 13N 7W in Canadian County and their combined production …
Completion reports filed on April 14, 2020. CANADIAN COUNTY Chaparral Energy Llc Mississippi(9425): Oil 626 Gas 1484 Water 1701 Flwg 26 13N 7W Greenback 1307 5umh-35, March 03, 2020 HH, OIL, TD: 14505 ft Lat: 35.56643, Long: -97.90888 API: 35017255530000 Chaparral Energy Llc Mississippi(9745): Oil 986 Gas 3442 Water 1722 Flow 26 13N 7W Greenback 1307 1lmh-35, March 04, 2020 HH, OIL, TD: 14875 ft Lat: …
Permits to drill issued on April 14, 2020. permits: none were processed today
Members of the Oklahoma Energy Producers Alliance, who filed a request last Friday asking the Oklahoma Corporation Commission to adopt a mandated production of crude oil in the state will get a hearing next month. With oil prices in the low $20 range and some companies shutting-in wells, that is stopping the production of oil, …
