ALLETE, Inc., the Duluth, Minnesota-based energy company in the process of building a large wind farm near Ardmore, Oklahoma is following the path set by other large firms in holding virtual annual shareholders meetings. The company announced this week the decision was made because of the COVID-19 pandemic and a desire to protect the health …
Phillips 66 announced it will contribute $3 million to COVID-19 relief efforts across the United States and in the United Kingdom. Of this, $1 million will be directed to the Greater Houston COVID-19 Recovery Fund and $500,000 to the Houston Food Bank. The remaining funds will be distributed to frontline organizations that are responding …
With oil prices into the low $20s, oil producers with major well completions on their hands can only wait so long before filing reports with Oklahoma regulators. Ovintiv Mid-Continent Inc. is one. Chaparral Energy LLC and Paloma Operating Co. In. are two others who filed reports this week on wells with huge productions out …
The state of Colorado has levied a more than $18 million penalty against Anadarko Petroleum, now a subsidiary of Occidental Petroleum and Kerr McGee,formerly of Oklahoma City, over a 2017 natural gas explosion that killed two men while they were working on a house. The $18.25 million penalty was issued over rules violations …
Completion reports filed on April 13, 2020. BLAINE COUNTY Paloma Operating Co Inc Mississippian: Oil 1075 Gas 3476 Water 1740 Flow 29 15N 10W Hammerhead Bia 20-15n-10w 6mh, July 14, 2019 HH, OIL, TD: 16396 ft Lat: 35.75335, Long: -98.27931 API: 35011241740000 Paloma Operating Co Inc Mississippian: Oil 984 Gas 3072 Water 2049 Flow 29 15N 10W Hammerhead Bia 20-15n-10w 11mh, July 14, 2019 HH, OIL, …
Permits to drill issued on April 13, 2020. Grady County SPARKS #2 (2-26), April 13 2020 26 5N 5W NWNESENE API: 05123228 Lat: 34.87997414454273, Long: -97.68941566970133 RED ROCKS OIL & GAS OPERATING LLC DH, RC, 13636 ft, HOXBAR(7020), DEESE 1(8090), DEESE 2(8290), GIBSON(8700), HART(8885), OSBORN(9100) Nowata County BARGER #33-5, April 13 2020 33 25N 17E CE2NWSE …
By a more than 3-to-1 margin, shareholders of Oklahoma City’s Chesapeake Energy approved a reverse stock split Monday during a virtual meeting and the vote was quickly endorsed by the company’s board of directors. The vote was 1,107,281,401 in support of the financial move while 334,758,997 votes were against it and 15,53,278 abstentions were made. …
Crude prices settled on a mixed note Monday, with global prices higher but U.S. prices down as pressure from the drop in oil demand, from efforts to prevent the spread of COVID-19, more than offset support from a historic agreement by major oil producers to cut oil production. After an initial 4% surge that …
A new report shows that business aircraft activity in Oklahoma and across the U.S. might as well have been “grounded” in the wake of the COVID-19 pandemic. Things are expected to worsen this month. Aviation Week reports the activity in North America was down 31.7% compared to a year ago, while April activity is …
Southeast Oklahoma legislator, Rep. Jim Grego (R-Wilburton) issued notice to propane users that they need to check their levels or risk not being able to purchase replacement propane because of the COVID-19 pandemic. Grego said he was notified that if a customer runs completely out of propane it is in state law that the propane …
