Completion reports filed on October 29, 2020. KINGFISHER COUNTY Ovintiv Mid-continent Inc. Mississippian(8112): Oil 320 Gas 548 Water 1185 Flow 7 16N 8W Yost 1608 2h-18x, April 02, 2020 HH, OIL, TD: 19552 ft Lat: 35.87089, Long: -98.09378 API: 35073265170002 Ovintiv Mid-continent Inc. Mississippian(8522): Oil 644 Gas 942 Water 2394 Flow 19 16N 8W Yost 1608 6h-18x, April 03, 2020 HH, OIL, TD: 19579 ft Lat: …
2020 archive
Permits to drill for October 29, 2020
Permits to drill issued on October 29, 2020. Caddo County MERCER FOR MAYOR #1-32, October 29 2020 32 6N 9W NWNWNESW API: 01522500 Lat: 34.9486133137335, Long: -98.17570112843606 TERRITORY RESOURCES LLC DH, RC, 15788 ft, CULP(9900), MELTON(10500) Garvin County BUTTERLY UNIT #35, October 29 2020 14 1N 1E N2SESWSE API: 04922700 Lat: 34.55181668340173, Long: -97.16529113017776 ST OIL COMPANY …
While oil futures plunged, energy stocks rose
While oil futures hit a nearly 5-month low in Thursday’s trading, some of the energy stocks based in Oklahoma and those with activities in the state saw improvements. Alliance Resource Partners, L.P. gained 6 cents for a 1.87% increase to $3.27 per share. Blueknight Energy Partners finished up 2 cents for a 1.48% gain …
Oil prices hit their lowest mark in nearly 5 months
Oil futures took a nose dive in Thursday’s trading, reaching their lowest level since June. Analysts blamed rising COVID-19 cases that resulted in tighter restrictions on Europe and also highlighted the worries about the outlook in the U.S. and the rest of the world. West Texas Intermediate crude for December delivery fell $1.22, or 3.3%, …
Energy news in brief
** Iraq, the United Arab Emirates (UAE), and Kuwait – the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day (bpd), because such cuts are too deep for their economies and budget incomes to sustain. This news came from Reuters on Thursday, …
$0.5 billion 3Q loss reported by ConocoPhillips
The impact of the COVID-19 pandemic and resulting devastation to the world’s oil and gas industry led to a third-quarter 2020 loss of $0.5 billion or 42 cents a share by ConocoPhillips, the company announced Thursday. The massive loss compared to third-quarter 2019 earnings of $3.1 billion or $2.74 per share. The company stated …
Wind to lead electrical production this year for Southwest Power Pool
Leadership at the Southwest Power Pool, of which Oklahoma is a part, expect wind to be their top fuel source for electricity generation this year. Arkansas Business reported the expectation came out of the Pool’s quarterly meeting held recently in Little Rock, Arkansas where the Pool is headquartered. Wind and other renewable sources of …
After two quarters of losses, Mammoth Energy Services reports net income
Oklahoma City’s Mammoth Energy Services managed to turn things around in the third quarter of the year, reporting actual net income of $3.4 million or 7 cents a share compared to a second quarter net loss of $15.2 million and 33 cents a diluted share. The $3.4 million in net income also compared to …
Devon posts $92 million net loss in 3Q
Oklahoma City’s Devon Energy reported Thursday it suffered a net loss of $92 million or 25 cents a share in the third quarter. Despite the loss, the company stated in a filing with the Securities and Exchange Commission, “The company’s financial position continues to remain exceptionally strong with excellent liquidity and low leverage.” Devon’s …
Hundreds evacuated after train derailment in SE Texas
An estimated 600 people were evacuated early Thursday morning following the derailment of 25 cars of a train in the southeast Texas community of Mauriceville. The derailment happened about 100 miles east of Houston and at least 15 of the derailed cars were loaded with chemical products. The Orange Leader reported that four of …