Denver-based Whiting Petroleum Corporation has joined the growing list of oil and gas exploration companies that have cut capex budgets for the remainder of the year because of the oil price war and weak demand as a result of the coronavirus. Whiting cut its capital budget by 30% or about $185, leaving a new budget …
A bill opposed by two Oklahoma Corporation Commissioners has won approval in the State House. HB1556 passed in the House last week on a vote of 70-26. Proposed by Seminole Rep. Zack Taylor, the bill drew the ire of Corporation Commissioner Bob Anthony who recently labeled it a “wolf in sheep’s clothing,” a criticism that …
The government’s released figures showing the number of coal-fired power plants in the U.S. is down markedly and the remaining plants are being used much less than previously. Newly released figures from the Energy Information Administration show that coal plants in the United States had a “capacity factor” of 47.5 percent in 2019, the first time …
Executives at Denver’s Liberty Oilfield Services Inc. have implemented a salary reduction plan—they’re taking a pay cut amidst the oil price war. Management members voluntarily requested a base salary reduction effective April 1, 2020. “I am very proud of the dedication of our employees in this unprecedented environment. As leaders of this organization, …
Noble Energy, Inc. in Houston has sliced $500 million from its 2020 capital expenditure list which amounts to about 30% of its original budget. The company stated that its remaining capex is in a range of $1.1 to $1.3 billion for the year. Noble Energy has also identified more than $50 million in reductions through …
Kansas City-based Tallgrass Energy, LP, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), announced that due to continued interest in its Carpenter Expansion it is launching a supplemental open season to solicit binding shipper commitments for crude oil transportation from a new origin near Carpenter, Wyo., to Pony Express destinations in Colorado. …
** A federal judge has dismissed two of the Trump administration’s key arguments against California’s cap-and-trade agreement with Quebec. ** A federal nuclear regulator approves a nuclear waste storage facility near Carlsbad, New Mexico, finding a minimal impact on the environment despite concerns raised by opponents. ** A Wyoming bill requiring oil, gas, coal, and uranium producers to pay taxes on a monthly basis cleared …
Tulsa’s Mid-Con Energy Partners, LP took some drastic actions in 2019 to do something about losses and as a result slashed losses in 2019, going from $18.3 million in 2018 losses to $599,000 last year. The 2018 losses amounted to 74 cents a share while the 2019 losses were only 17 cent per unit, all …
Completion reports filed on March 13, 2020. CANADIAN COUNTY Cimarex Energy Co Woodford(11786): Oil 862 Gas 8822 Water 1312 Flow 22 11N 8W Bltw Com 1h-2227x, July 26, 2019 HH, OIL, TD: 21156 ft Lat: 35.41780, Long: -98.04255 API: 35017254040000 Cimarex Energy Co Woodford(9980): Oil 71 Gas 1066 Water 1640 Flow 17 11N 6W Ashcraft 1-19h, June 14, 2018 HH, GAS, TD: 14636 ft Lat: 35.42141, …
Permits to drill issued on March 13, 2020. Canadian County GLORIETTA 7_6-12N-8W #3MHX, March 12 2020 18 12N 8W NENWNWNE API: 01725614 Lat: 35.52159595232358, Long: -98.08600035270892 TRAVIS PEAK RESOURCES LLC MU, DR, 21473 ft, MISSISSIPPI(11055) Kay County ETU #19-3, June 26 2019 19 25N 1E NENWSWSE API: 07124911 Lat: 36.62560521940822, Long: -97.23638772316659 SNR NORTHERN OKLAHOMA OPERATING SH, …
