March 11, 2021 archive

Permits to drill for March 11, 2021

Blaine County COLUMBINE 22_15-15N-10W #2HX, March 11 2021 27 15N 10W SWNWNWNE API: 01124258 Lat: 35.75321555489661, Long: -98.25089696734857 DEVON ENERGY PRODUCTION CO LP MU, DR, 21597 ft, MISSISSIPPIAN(9555), WOODFORD(11010) Blaine County COLUMBINE 22_15-15N-10W #3HX, March 11 2021 27 15N 10W SWNWNWNE API: 01124259 Lat: 35.7532155617339, Long: -98.25079586565268 DEVON ENERGY PRODUCTION CO LP MU, DR, 21479 ft, MISSISSIPPIAN(9555), …

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Completion reports for March 11, 2021

NOBLE COUNTY Charter Oak Production Co Llc Big Lime(5010): Oil 140 Gas 247 Water 799 Pump 6 20N 1W Gleason 2-31-30xh, February 01, 2021 HH, OIL, TD: 12033 ft Lat: 36.24444, Long: -97.35201 API: 35103247680000

US crude climbs back to $66

  Several things were at play Thursday as oil prices rose more than 2% in trading. There was the the factor of a weaker dollar along with expectations that a crude oil glut might not exist for long following a steep drop in U.S. fuel stocks along with Texas refineries resuming operations after the February …

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Devon Energy announces early redemption of $700 million of senior notes

Devon Energy announced its wholly-owned subsidiary WPX Energy has made an early redemption of $700 million in senior notes. The redemption covers a 2014 indenture WPX had made with the Bank of New York Mellon Trust Company. It included $210 million of 5.250% senior notes due in 2027; $175 million in 5.875% senior notes due …

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Rig numbers fall nationally according to Enverus

    A report by Enverus Rig Analytics shows a drop in the U.S. rig count in the past week with growth stalled in the Permian Basin but up in the Anadarko Basin of Oklahoma and the Texas Panhandle. It also reported a big drop in rig activity by Oklahoma City’s Devon Energy. Enverus reported …

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Colorado AG wants FERC probe of windfall profits during February storm

  The same issue that had the attention of Oklahoma leaders last month—that of monstrous natural gas bills during the winter storm—prompted the Colorado Attorney General this week to ask for a federal investigation. Attorney General Phil Weiser called on the Federal Energy Regulatory Commission to investigate reports that traders booked a $210 million “windfall” …

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Energy news in brief

**  Electric vehicle startup Canoo Inc on Wednesday said it will introduce an American-built pod-like electric pickup truck in 2023, following in the footsteps of several rivals also entering the most popular segment of the U.S. automotive market. ** The power grid operator in Texas shouldn’t be allowed to hide behind government immunity to avoid legal responsibility …

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Will Regan’s EPA be a repeat of Obama policies?

  Michael Regan might have won the praise of environmentalists for his work against the oil and gas industry in North Carolina where he headed that state’s environmental department, but he didn’t get the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford when he was confirmed as head of the Environmental Protection Agency …

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Cheniere Energy updates $1.5 billion note offering

  Houston’s Cheniere Energy Partners, L.P. announced Thursday that about half of its $1.5 billion note offering were tendered as of Wednesday evening. The company said that of the total of 5.250% notes due 2025 offered, $741,572,000 or 49.44% had been tendered as of mid-week. The offering of the total of $1.5 billion in notes …

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Inhofe makes case for fuel diversity for U.S. power supplies

  Oklahoma U.S. Sen. Jim Inhofe made the case for fuel diversity in addressing the nation’s climate change issues in the electricity sector. He did so during a hearing this week by the Senate Environment and Public Works Committee where he once was chairman and now is a senior member. The hearing was entitled : …

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