Rig counts released by Baker Hughes Co. and research firm Enverus show the national rig count fell by one this week to 438. As of this past week, the number of oil drilling rigs in the field was 343, the gas rig count stood at 94 with one identified as miscellaneous. Oklahoma maintains 21 active rigs …
April 2021 archive
Baker Hughes Reports $452 Million Loss for First Quarter 2021 Results
Baker Hughes reported a $452 million loss for the first quarter of 2021, according to a company press release. During the same quarter last year, the Houston-based company reported a $10.2 billion loss. In releasing its earnings report, the energy services company reported orders of $4.5 billion were down 12% sequentially and down 18% year-over-year. …
Halliburton posts $170 Million Net Income for 1Q 2021
Posting a strong performance for the first quarter of 2021, Houston-based Halliburton announced a net income of $170 million, or $0.19 per diluted share, according to a company press release. This compares to a net loss for the fourth quarter of 2020 of $235 million, or $0.27 per diluted share, as well as adjusted net …
Stitt signs two bills protecting utility customers
Gov. Kevin Stitt signed two bills on Friday that will provide safeguards for Oklahoma utility customers. OK Senate Bill 1049 creates the February 2021 Unregulated Utility Consumer Protection Act. OK Senate Bill 1050 creates the February 2021 Regulated Utility Consumer Protection Act. Co-authored by Sen. Chuck Hall, Sen. Roger Thompson, Sen. John Michael Montgomery, Rep. Kevin Wallace …
Veto Issued on Rural Broadband Expansion Bill, Oklahoma HB 2090
Gov. Kevin Stitt doubled down on his aversion to the Rural Broadband Expansion Council on Friday by issuing a veto on Oklahoma House Bill 2090. The measure, authored by House Speaker Charles McCall and Sen. James Leewright, called for an increase in the council’s membership, modified qualifications and added six new definitions including the term …
Congressional Members Tour GRDA Facilities
Oklahoma’s Grand River Dam Authority hosted a tour for congressional members on Friday, according to the News on 6 website. Lawmakers explored the Pryor power plant as they learned about Oklahoma’s robust energy strategy. The tour, organized by Oklahoma Representative Markwayne Mullin and U.S. House Minority Whip Steve Scalise, consisted of 18 lawmakers and 70 …
New Mexico targets oil firms for abandoned wells
Two oil and gas companies were sued by the New Mexico State Land Office accused of failing to clean up abandoned wells and other infrastructure on more than 500 acres. Dominion Production Co. and BC&D Operating were named in a lawsuit reported the Albuquerque Journal. Click here for Albuquerque Journal.
Completion reports for April 22, 2021
CARTER COUNTY Mack Energy Co Deese(2900): Oil 15 Gas 5 Water 28 Pump 7 2S 2W Sw Wildcat Jim Deese Unit 22-2-i, January 21, 2021 DH, OIL, TD: 4820 ft Lat: 34.39380, Long: -97.45502 API: 35019264000000 Mack Energy Co Deese(2920): Oil 1 Water 181 Pump 7 2S 2W Sw Wildcat Jim Deese Unit 23-1, February 09, 2021 DH, OIL, TD: 4650 ft Lat: 34.39283, Long: …
Permits to drill for April 22, 2021
Ellis County WILLA DEAN 29/20 PI #1HC, April 22 2021 32 21N 24W NWNWNENE API: 04523839 Lat: 36.260200130256415, Long: -99.78823877190811 MEWBOURNE OIL COMPANY HH, DR, 15731 ft, CLEVELAND(7800) Grady County TODD #3H-26-35, April 22 2021 26 10N 5W SWSESWNW API: 05124822 Lat: 35.31349043513431, Long: -97.70327946138052 CITIZEN ENERGY III LLC MU, DR, 17100 ft, WOODFORD(9200) Grady County TODD …
SandRidge Energy, Inc. announces acquisition of overriding royalty interests
SandRidge Energy, Inc. announced the $4.85 million acquisition of all the overriding royalty interest assets of SandRidge Mississippian Trust I. The purchase price included $3.55 million net given the company’s 26.9% ownership of the Trust. SandRidge stated that in making the purchase, at the current strip and based on historical production trends, it believes …