May 18, 2021 archive

Completion reports for May 18, 2021

BEAVER COUNTY Latigo Oil And Gas Inc Morrow Sand(7686): Oil 1.67 Gas 42 Pump 34 3N 25E Hattie B Eyers Unit 3, April 18, 2021 SH, GAS, TD: 7850 ft Lat: 36.67958, Long: -100.35960 API: 35007213380001 CARTER COUNTY Judd Billy Investment Co Inc 30 1S 2W Cox 30-1, April 14, 2021 SH, INJ, TD: 1937 ft Lat: 34.44385, Long: -97.44698 API: 35019249010004 …

Continue reading »

Permits to drill for May 18, 2021

Carter County BOWERY #1-16-21HW, May 17 2021 09 1S 3W NESWSWSW API: 01926445 Lat: 34.47871276023278, Long: -97.52633828700763 CONTINENTAL RESOURCES INC MU, DR, 18237 ft, CANEY(8310), SYCAMORE(8605), WOODFORD(8970) Mcclain County ENGLAND #1H-9, May 18 2021 04 6N 4W NESESWSW API: 08722312 Lat: 35.016380276228894, Long: -97.63130726306593 CITIZEN ENERGY III LLC HH, DR, 16300 ft, MISSISSIPPIAN(10600) Mcclain County ENGLAND #2H-9, …

Continue reading »

Gulfport Energy emerges from bankruptcy under new leadership

  Oklahoma City’s Gulfport Energy Corp. announced Tuesday it has emerged from Chapter 11 bankruptcy, eliminated more than $1 billion debt, created a new board of directors and come under new temporary leadership. David M. Wood, the Company’s President and Chief Executive Officer retired immediately and Quentin Hicks, Gulfport’s Chief Financial Officer also resigned immediately …

Continue reading »

Oil prices slip on news of possible US-Iran nuclear deal

  As some analysts predicted a renewed nuclear deal with Iran could affect crude oil prices, it did on Tuesday’s trading. Oil prices fell from a two-month high and it came after reports indicated the U.S. and Iran are making progress on reviving the deal restricting the OPEC country’s nuclear weapons development, a deal that …

Continue reading »

Empire Petroleum makes $16 million acquisition in Permian

  Empire Petroleum Corporation in Tulsa announced Tuesday that it has acquired in a more than $16 million deal producing oil and gas assets and related gathering assets located in Lea County, New Mexico through its wholly owned subsidiary, Empire New Mexico LLC. The acquisition was made from ExxonMobil Corporation’s  XTO Holdings, LLC in a transaction …

Continue reading »

House GOP leaders say it’s time to dump the masks

Oklahoma congressmen Frank Lucas and Tom Cole joined other GOP congressional leaders in telling House Speaker Nancy Pelosi that it’s time to follow the science and end remote voting in the House. Lucas is the Ranking member of the House Science, Space and Technology Committee while Rep. Cole is the Ranking member of the House …

Continue reading »

Hunter tells Biden to listen to his own Energy Secretary

Oklahoma Attorney General Mike Hunter says President Biden should listen to his own energy secretary who proclaimed pipelines are the safest way to transport fossil fuels. Hunter sent a letter to the President and renewed his call for the President to support additional energy infrastructure including the Keystone Xl pipeline that Biden cancelled. The letter …

Continue reading »

Enverus report issued on prospects of oil and gas in the US

  Global energy data analytics company, Enverus is out with its latest FundamentalEdge report showing crude oil prices are increasing along with natural gas production in 2021. Entitled “A Delicate Balance,” the Envirus report focuses on the win streak of oil and gas and includes the firm’s five-year market outlook and current view of the …

Continue reading »

Baker Hughes in Claremore among those hanging out the “help wanted” signs

The “Now Hiring” sign is out in Claremore including the Baker Hughes operation where the company wants to fill at least 60 jobs. The Claremore Industrial & Economic Development Authority announced Baker Hughes and several other firms are looking to make hires, something that could prove difficult as witnessed nationwide because so many people have …

Continue reading »

Devon Energy celebrates 50 years of success

  On the day that Devon Energy saw its shares make a more than 3% gain, the company announced it is observing its 50th anniversary since its founding in 1971 by John and Larry Nichols. A lot has happened since then, when the company had no assets and five employees. By 1988, Devon was publicly …

Continue reading »