Beaver County ROCK (ENTROPY) #2-ID, March 26 2021 30 4N 25EC CNW API: 00723616 LATIGO OIL AND GAS INC SH, RC, 7307 ft, CHEROKEE(6342), MORROW SAND(7019), CHESTER LIME(7087) Grady County BRIDGE CREEK #1H-14, September 04 2020 14 9N 5W SENENENW API: 05124797 Lat: 35.260577806486, Long: -97.69814676773214 CITIZEN ENERGY III LLC HH, DR, 14805 ft, MISSISSIPPIAN(9500) Stephens County …
March 2021 archive
Tall Oak Midstream expands holdings in Oklahoma
Dallas-based Tall Oak Midstream expanded its Oklahoma holdings with the recent acquisition of Redcliff Midstream, a provider of gas gathering, treating and processing services to producers in Oklahoma’s STACK play. Neither company disclosed the financial amounts involved. Redcliff Midstream, founded in 2017 as a wholly owned subsidiary of Canyon Midstream Partners II, LLC …
Energy news in brief
** Oil prices could be affected if an anticipated high tide doesn’t remove a massive container ship that is blocking the Suez canal. “If the high tide fails to move the ship, we could see another short squeeze in oil with extended drawdowns in inventories,” Phillip Streible, chief market strategist at Blue Line Futures, told MarketWatch. ** …
Chesapeake on the hunt for an acquisition of a Houston firm?
A report suggests that Oklahoma City’s Chesapeake Energy Corp. is one of two firms reportedly interested in acquiring Alta Resources of Houston just a few months after emerging from bankruptcy. Bloomberg reported that Alta Resources, a closely held natural gas explorer drew the interest of potential buyers. Chesapeake Energy and EQT Corp. were among those …
DUCS shrinking across the oil patch
The number of DUCS, drilled uncompleted wells in Oklahoma and other oil-producing states is shrinking according to a report by Bloomberg. The new group said the number of the DUCs is expected to decline to less than 5,000 by the final three months of 2021. That’s a drop of nearly 2,000 wells compared to …
Biden administration goes after oil and gas industry’s use of federal lands
In the Biden administration’s latest move against the oil and gas industry, it has launched a review to weigh the value of the federal drilling program to taxpayers against the environmental costs. It’s part of President Biden’s free of new drilling lease auctions, an action he took in the first days of his presidency …
Permits to drill for March 25, 2021
Custer County WINGARD 1609 ##1 HXL, March 25 2021 21 14N 14W NWNWNWNE API: 03922594 Lat: 35.68108817855818, Long: -98.69323215357552 UNIT PETROLEUM COMPANY MU, DR, 17179 ft, RED FORK(10800) Oklahoma County B-J #1-9, February 19 2021 09 11N 3W NWSWSWNE API: 10921372 Lat: 35.44395544312413, Long: -97.52094493830882 UNIT PETROLEUM COMPANY DH, AM, 6616 ft, OSWEGO(6302), PRUE(6366), PENN BASAL UNCONF …
Completion reports for March 25, 2021
BLAINE COUNTY Continental Resources Inc Mississippian(12992): Gas 11349 Water 4170 Flow 31 13N 12W Friesen 1-31-6xhm, April 06, 2018 HH, GAS, TD: 24662 ft Lat: 35.56507, Long: -98.51601 API: 35011238700001 CUSTER COUNTY Duncan Oil Properties Inc Atoka(11535): Oil 20 Gas 276 Water 8 Flow 12 14N 18W Doris 4-12, January 20, 2021 SH, OIL, TD: 11852 ft Lat: 35.70427, Long: -99.06780 API: 35039225900000 HUGHES COUNTY Corterra …
Crude oil prices fell again taking Oklahoma energy stocks with them
Crude oil prices had more bumps this week than a washboard road in western Oklahoma. Prices on Thursday lost most of the gains they made on Wednesday, falling below the $60 mark. Western Texas Intermediate crude for May deliver dropped $2.26 to $58.56 a barrel in trading on the New York Mercantile Exchange. Global …
Manufacturing shows improvement in Oklahoma and other nearby states
The Federal Reserve Bank of Kansas City released the March Manufacturing Survey this week for its Tenth district that includes Oklahoma and showed manufacturing activity grew solidly compared to a month ago and a year ago. Chad Wilkerson, vice president and economist at the bank said the survey results indicate positive expectations for future …