2020 archive

The Crown Jewel of the Shale Patch Braces for a Biden Ban

  A threat exists in the Permian Basin and Oklahoma City’s Devon Energy is one of those companies that might be feeling it. It’s a political threat and it has the attention of many in the oil and gas industry in southeast New Mexico and West Texas, not to mention stretching all the way to …

Continue reading »

Optimism drives new President of Petroleum Alliance of Oklahoma

  If Brook Simmons had any reservations or doubts about taking over the leadership of the Petroleum Alliance of Oklahoma in the middle of the COVID-19 pandemic, he didn’t express them. “I like to be optimistic,” he said in an interview with OK Energy Today, an interview conducted over the phone because of the new …

Continue reading »

Shale producer Devon Energy to buy WPX Energy for $2.56 billion

  In a $2.56 billion all-stock merger, Oklahoma City-based Devon Energy Corp. has acquired Tulsa’s WPX Energy Inc., a move that will expand Devon’s presence in the Delaware portion of the Permian Basin across West Texas and New Mexico. The deal values WPX at $4.56 a share, just 2.7% higher than the stock’s closing price …

Continue reading »

Completion reports for September 25, 2020.

Completion reports filed on September 25, 2020. HUGHES COUNTY Calyx Energy Iii Llc Mayes / Woodford: Gas 9210 Water 4005 Flow 14 8N 12E Hamilton 4-14-26wh, July 16, 2020 HH, GAS, TD: 15850 ft Lat: 35.16136, Long: -96.01314 API: 35063249110000 KINGFISHER COUNTY Red Bluff Resources Operating Llc Mississippian: Oil 430 Gas 680 Water 1510 Pump 35 15N 5W Christensen 1505 2-35mh, February 24, 2019 HH, …

Continue reading »

Permits to drill for September 25, 2020

Permits to drill issued on September 25, 2020. Canadian County LATHAM #1H-14-23, September 27 2019 11 11N 9W NWSESWSE API: 01725536 Lat: 35.436152824591666, Long: -98.12038967952621 CITIZEN ENERGY III LLC MU, AM, 22580 ft, MISSISSIPPIAN(11600) Kay County LADY JANE #SWD, September 25 2020 33 28N 5E NESWNWSW API: 07124921 Lat: 36.859356807472935, Long: -96.77733318526663 MACKEY CONSULTING & LEASING LLC …

Continue reading »

Friday proved to be another tough day for some Oklahoma energy stocks

  Energy stocks in Oklahoma and those with operations in the state might do better next week—-that’s no doubt the hope of the leaders and investors in those companies as trading came to an end on Friday. Alliance Resource Partners saw a one cent increase to $2.87 while Blueknight Energy Partners jumped more than 3% …

Continue reading »

Oil prices post a weekly fall on worries over COVID-19 impact on crude demand

  Oil futures edged lower on Friday, with both major benchmarks posting their third weekly decline in four weeks as worries about the demand outlook have grown in response to rising COVID-19 cases. West Texas Intermediate crude for November delivery fell 6 cents, or nearly 0.2%, to settle at $40.25 a barrel on the New York …

Continue reading »

Alliance leader on oil and gas future—bumping along the bottom waiting for a new world

  The magical question.  Where is the oil and gas industry headed in Oklahoma? If anyone knew the answer, fortunes could be made. Misery could be ended in the industry, or in some cases, extended. “I think we’re bumping along the bottom here and I think our members are thinking about what the new world …

Continue reading »

Energy news in brief

**  Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. The company’s shares closed in London on Thursday at 232.4 pence, the lowest level since October 1995. **  Eighty-five Democratic lawmakers, led by Reps. Jamie Raskin (Md.), Suzanne Bonamici (Ore.) and Kathy Castor (Fla.), wrote to the Commerce …

Continue reading »

Oklahoma’s drilling activity remained stymied—US saw slight increase in past week

  Oklahoma stood still in terms of active drilling rigs in the past week while the nation’s count grew by 6 to reach 261. Baker Hughes Company reported Oklahoma’s count stayed at a dozen active rigs but nationally, the number of oil rigs increased by 4 to reach 183 and the number of gas rigs …

Continue reading »