May 2, 2022 archive

Completion reports for May 2, 2022

BEAVER COUNTY Latigo Oil And Gas Inc Morrow Sand Low(7762): Oil 10 Gas 60 Water 11 Pump Morrow Sand Mid(7470): Oil 27 Gas 38 Water 47 Pump 35 3N 25E H A Dunn 6, April 16, 2022 SH, OIL, TD: 7900 ft Lat: 36.67588, Long: -100.34087 API: 35007216920002 CARTER COUNTY Kodiak Oil & Gas Inc Hoxbar(1498): Oil 26 Gas 10 Water 301 Pump 27 4S 2W Hhu 629, January 15, …

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Permits to drill for May 2, 2022

Coal County D5R-E #2H, May 02 2022 12 3N 10E SENESWSE API: 02921413 Lat: 34.73997482593554, Long: -96.20133644348584 CANYON CREEK ENERGY ARKOMA LLC MU, DR, 17500 ft, WOODFORD(8440) Coal County D5R-E #1H, April 29 2022 12 3N 10E SENESWSE API: 02921412 Lat: 34.739933612452035, Long: -96.20134642632289 CANYON CREEK ENERGY ARKOMA LLC MU, DR, 17500 ft, WOODFORD(8440) Kay County BEVERLIN …

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Natural gas demand drives big 1Q earnings for Williams

  The first quarter earnings reported by Williams Cos. were strong enough, net income of $379 million or 31 cents a diluted share, the company raised its guidance for the remainder of the year. Adjusted net income was $499 million or 41 cents a diluted share, an increase of 16 % and 17% respectively compared …

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$1 billion net earnings for Devon in 1Q–record high dividend

  Devon Energy’s first-quarter earnings report was so strong with $1 billion in net earnings or $1.48 per diluted share that the Oklahoma City-based company announced a 27% increase in its quarterly dividend along with another share buyback plan. Its production growth in the Delaware Basin drove the first-quarter financial performing as operating cash flow …

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Crude oil prices bounced back on Monday while OK energy stock trading was weak

  A rebound from steep losses after China’s manufacturing activity dropped to a six-month low in April resulted in oil futures clinging strongly above the $100 level in Monday’s trading. COVID-19 lockdowns in Shanghai resulted in the weekend drops but by day’s end on Monday, prices rose. West Texas Intermediate crude for June delivery settled …

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Mullin chides John Kerry for his criticism of natural gas industry

  An amended statement by John Kerry, the Special Presidential Envoy for Climate who recently put the natural gas industry on notice, didn’t appease Oklahoma Congressman Markwayne Mullin. He took the former Democratic U.S. Senator to task for his recent attack on the natural gas industry, telling him in a letter this week that he …

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Rep. Lucas against climate change solution mandates

Oklahoma Congressman Frank Lucas cautioned a House Committee about cutting natural gas production in the name of what he labeled as “misguided” climate change solutions. His warning came at a recent House Committee on Science, Space and Technology hearing entitled “Now or Never: The Urgent Need for Ambitious Climate Action.” “Now, more than ever, we can …

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Pipeline records are open to the public in North Dakota

  Energy Transfer fought it but the North Dakota Supreme Court recently ruled that thousands of documents concerning the construction security of the company’s Dakota Access Pipeline are public records. Click here for Bismarck Tribune

Empire names new board member

Retired Navy Vice Admiral Andrew Lewis has joined the board of directors at Tulsa-based Empire Petroleum. The oil and gas company announced this week the appointment was effective immediately and Lewis replaced Anthony Kamin, who served Empire as a Director since December 2016 and recently as Co-Chairman of the Board. Vice Admiral Andrew Lewis was raised …

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Leadership changes at Halliburton and ConocoPhillips

    Some executive changes were announced this week by the two major energy companies. Halliburton announced the naming of Lance Loeffler, executive vice president and chief financial officer to be a senior vice president of the company’s Middle East North Africa or MENA region. Halliburton Executive Vice President, Global Business Lines, and Chief Health, …

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