February 2021 archive

Alliance Resource Partners announced improved earnings with higher coal sales

  Tulsa’s major coal and energy firm, Alliance Resource Partners, L.P. is seeing better days. The company reported improved financial and operating performance for the quarter ended December 31, 2020  compared to the quarter ended September 30, 2020 . Increased coal sales and oil & gas royalty revenues drove total consolidated revenues higher by 3.1% …

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New Mexico pushes ‘forever’ chemical lawsuit—wants it returned to the state

  The state of New Mexico is fighting a federal court order that moves its “forever chemicals” lawsuit from New Mexico to South Carolina. The New Mexico Environment Department and the Attorney General filed a writ of mandamus this week asking the Fourth Circuit Court to vacate its decision and send the case back to …

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Still more Ovintiv wells completed in Oklahoma’s STACK

  Ovintiv Mid-Continent Inc. showed it isn’t finished filing completion reports on big producing wells drilled last year. The latest were in Canadian County which is part of the STACK play and southeast of Okarche where the company had been active in the past year. All five were Brueggen wells, three drilled at a single …

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Siemens Energy to cut 7,800 jobs

   Siemens, the German-based company that provided many of the wind turbines in Oklahoma announced it plans to slash nearly a sixth of its workers worldwide. The company said the layoffs will be in its gas and power division and represents a sign of a worldwide shift to green energy. Bloomberg reported that Siemens will …

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Completion reports for February 1, 2021

Completion reports filed on Feb. 1, 2021. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian(8289): Oil 915 Gas 722 Water 3147 Flow 11 14N 7W Brueggen 1407 5h-2x, May 02, 2020 HH, OIL, TD: 19237 ft Lat: 35.69861, Long: -97.91107 API: 35017255830000 Ovintiv Mid-continent Inc. Mississippian(8400): Oil 972 Gas 830 Water 1567 Flow 14 14N 7W Brueggen 1407 3h-2x, May 05, 2020 HH, OIL, TD: 19436 ft Lat: …

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Permits to drill for February 1, 2021

Permits to drill issued on February 1, 2021. Grady County RON HOWARD 1007 #21-16-9-1MXH, January 06 2020 21 10N 7W NENESWNE API: 05124746 Lat: 35.32995904859269, Long: -97.94128660627723 CAMINO NATURAL RESOURCES LLC MU, AM, 18295 ft, MISSISSIPPIAN(11344), MISSISSIPPI LIME(11419), WOODFORD(11549) Okfuskee County SUMMERS “A” #1, February 01 2021 34 12N 10E CNWSWSW API: 10704045 Lat: 35.46671973339379, Long: -96.24576423932423 …

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Oil futures increased in Monday’s trading to hit $56 a barrel overseas

  Oil futures saw some gains in Monday’s trading as West Texas Intermediate crude, considered the benchmark U.S. oil for March delivery rose $1.35 to finish at $53.55 a barrel on the New York Mercantile Exchange. Brent crude for April delivery finished up $1.31 to close at $56.35 in trading on ICE Futures Europe. March …

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Governor says Oklahoma’s oil and gas industry will be protected

  In his State of the State Address Monday to the Oklahoma legislature, Gov. Kevin Stitt vowed protection for the state’s oil and gas industry. “We’ll support our oil and gas industry and protect it from radical liberals in Washington,” said the governor in referencing how he and legislative leaders are working to craft “the …

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Oklahoma Governor releases list of his 2020 administration accomplishments

  Oklahoma Gov. Kevin Stitt on Monday released the2020 Stitt Administration Annual Accomplishments Report, one which focuses on his administration’s responses to the historic COVID-19 pandemic, schools and teachers and economic growth. “While 2020 looked a lot different from our first year in office, we have seen some great accomplishments across state government,” Governor Stitt wrote …

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New Mexico mayor expresses ‘disdain’ for Biden’s executive orders

  The Mayor of Carlsbad, New Mexico was blunt in his assessment of President Biden’s most recent anti-oil and gas executive order—the one banning new drilling on federal lands. “National comments that thousands of oilfield workers can “just find other jobs” have come across as unsympathetic, unrealistic, and certainly unhelpful. Rural, working-class Americans feel dismissed …

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