October 11, 2021 archive

Tapstone acquired in $419 million agreement

  Less than a year after Oklahoma City-based Tapstone Energy completed a Mid-Con acquisition and became the largest leaseholder owner in Oklahoma, the firm has been acquired by Alabama-based Diversified Energy in a $419 million deal. Tapstone owns and operates thousands of wells in the state and has mineral rights on 750,000 acres. Under a …

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Completion reports for October 11, 2021

completions: none were processed today

Permits to drill for October 11, 2021

Caddo County KAMM #1, October 11 2021 26 11N 11W CNW API: 01520713 Lat: 35.39539967999136, Long: -98.3372603637596 DEVON ENERGY PRODUCTION CO LP SH, RC, 12580 ft, TONKAWA(8786), OSWEGO(11342), CHEROKEE SAND(12200) Canadian County HALL UNIT #3, October 11 2021 27 12N 10W CW2E2SW API: 01723084 Lat: 35.48194018184609, Long: -98.24829075228936 DEVON ENERGY PRODUCTION CO LP SH, RC, 11978 ft, …

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To find a job or not find a job–Oklahoma update

  Unemployed people in states that cut off benefits early didn’t come rushing back to work—that’s the headline of a monthly update from Oklahoma’s Office of Workforce Development. Bill Hancock, Business Services & Rapid Response Coordinator reported, “These extra federal benefits have become a lightning rod. Many business owners and politicians complain the money is encouraging people to …

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Citizen Energy acquires more Oklahoma holdings

  Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 …

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Oklahoma joins the march toward higher prices at the pump

  No doubt about it—gasoline prices are going up and up with the national average rising 8 cents in the past week to reach an average $3.27 and Oklahoma’s average increasing 7 cents to an average $2.91 per gallon. But nearly half of the 77 counties in the state are close to or well higher …

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Arkansas trucking company founder dies

  The founder of Arkansas-based USA Truck Inc., Robert “Bob” Powell died this past week. He was 87 and led the giant trucking company headquartered in Van Buren, Arkansas. Click here for Arkansas Business report.

Oil prices make 1.5% gain in Monday’s trading

  With a growing demand for more fuel across the globe, oil prices on Monday saw a 1.5% gain for the day and in the U.S. they reached the $80 mark. Oklahoma energy stocks didn’t have the same kind of day. West Texas Intermediate crude went up $1.15 or 1.5% and finished the day at …

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Oklahoma City hosts Oil and Gas Expo on Thursday

  The Oklahoma Oil & Gas Expo is set to begin this week on the State Fairgrounds in Oklahoma City. Sponsored by the Sustaining Oklahoma’s Energy Resources division of the Oklahoma Energy Resources Board, the event will be held Oct. 14 from 9 a.m. to 3 p.m. in the Bennett Event Center. This year’s Expo …

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Devon leader to keynote oil conference in Midland

  Devon Energy’s Clay Gaspar will be the keynote speaker at next month’s Executive Oil Conference and Exhibition in Midland, Texas. His keynote address will be “The Permian Dividend Gusher.” As Executive Vice President and Chief Operating Officer, Gaspar will discuss what it takes to succeed in the nation’s most prolific shale play— and how Devon …

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