March 5, 2021 archive

Large gas wells completed in western Oklahoma

  Workers at Continental Resources have known about it since last year but the company recently filed completion reports on two adjacent gas wells in western Oklahoma with combined production of more than 29,000 Mcf. Both wells were in Custer County and at sites located 8 miles north of Weatherford and east of highway 54. …

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Completion reports for March 5, 2021

CUSTER COUNTY Continental Resources Inc Mississippian(14709): Gas 13005 Water 2570 Flow 36 14N 14W Switzer 1-36-1xhm, July 25, 2020 HH, GAS, TD: 24230 ft Lat: 35.65051, Long: -98.63317 API: 35039225860000 Continental Resources Inc Mississippian: Gas 16179 Water 1930 Flow 26 14N 14W Truman 1-35-2xhm, August 06, 2020 HH, GAS, TD: 24983 ft Lat: 35.65368, Long: -98.66674 API: 35039225850000

Permits to drill for March 5, 2021

Seminole County ZELLER #1-35, March 04 2021 35 8N 5E SWNWSESW API: 13325359 Lat: 35.1177717097906, Long: -96.75270437120386 REACH OIL AND GAS COMPANY INC DH, DR, 4700 ft, HUNTON(4340), VIOLA(4450), SIMPSON DOLOMITE(4525), 1ST WILCOX(4680), 2ND WILCOX(4700)

Interior nominee admits to still another late tax filing

  The day after a Senate committee narrowly voted to recommend confirmation of New Mexico Democratic Rep. Deb Haaland to be Interior Secretary, it was reported she had some income tax filing issues stemming from three years ago. She filed a tax return last December for the 2018 calendar year and did so without getting …

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Devon Energy board member resigns

After nearly 14 months on the board of directors at Devon Energy in Oklahoma City, D. Martin Phillips, a managing partner of the EnCap Investments, L.P. resigned this week. Devon announced the resignation and explaining that it followed a reduction in EnCap’s holdings in Devon. Provisions of a shareholder agreement that permitted EnCap to designate …

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Cypress gets $75 million borrowing ability

  Oklahoma’s Cypress Environmental Partners, L.P. made a new credit agreement for up to $75 million of borrowing from Deutsche Bank AG. In a filing this week with the Securities and Exchange Commission, the company said it was an amended agreement originally made in May of 2018. The credit agreement matures May 31, 2022 and …

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US rig activity holds steady says Baker Hughes Co.

  The weekly Baker Hughes rig count showed an increase of one to 403 in the U.S. over the past week while Oklahoma numbers were unchanged at 17 active oil and gas rigs. The national figures showed an increase of one oil rig to reach a total of 310 while the number of gas was …

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Tulsa Driller display getting a new look

  Tulsa’s Golden Driller Plaza featuring the famed Tulsa Driller statue is getting a $3 million upgrade. Work began this week and according to the Tulsa World, is the first significant renovation in front of the River Spirit Expo since 1966. Click here for Tulsa World story.

New Mexico looks into a non-oil and gas diverse economy

  With an economy heavily reliant on the oil and gas produced in the Permian Basin, the state of New Mexico is looking into ways to diversify the source of revenue for its government. Remember when Oklahoma made the same move following the oil bust of the 1980s? A Senate bill calling for creation of …

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Energy news in brief

** Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge. Canadian Natural Resources Ltd plans to conduct 30 days of maintenance, curtailing an estimated 250,000 barrels a day of light synthetic crude output. ** A firm hired to …

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