Recent completion reports showed more drilling activity in Oklahoma’s Kingfisher County with one company drilling two wells on a single pad and getting production of more than 1,000 barrels of oil a day. Hinkle Oil & Gas of Oklahoma City brought in the Lincoln Southeast Oswego Unit 57-3ho and the Lincoln Southeast Oswego Unit 58-4ho …
May 2022 archive
Waste Management expands renewable natural gas projects in OKC
Waste disposal and management giant, Waste Management Inc. announced plans to invest $825 million in expansion of its renewable natural gas infrastructure with more renewable natural gas plants in Oklahoma City and Springdale, Arkansas. Both should be online later this year reported Biomass Magazine. Click here for Biomass Magazine
Headlines of other energy stories
** Growth in natural gas production in the biggest producing regions in the United States is on the decline due to the lack of sufficient pipeline network, as prices soar at home alongside a major uptick in LNG exports destined for gas-thirsty Europe. ** MPLX LP on Monday said it would move forward with the expansion of …
Senators urge Biden to end solar panel investigation
Calling it a bipartisan letter, Democratic U.S. Senators wrote the President this week urging him to bring a fast end to the Administration’s investigation into solar panels imported from Asia, a probe that already caused widespread delays and cancellations of solar projects in the U.S. In reality, the letter, signed by 19 Senators included …
Hedging losses hurt some oil and gas companies
Bloomberg reports some U.S. oil and gas companies would have even higher windfall profits this quarter had it not been for hedging losses. Click here for Bloomberg
Former Chesapeake Energy exec picked to head Denver energy company
Former Chesapeake Energy Senior Executive Vice President Chris Doyle was named this week the new President and CEO at Denver-based Civitas Resources. He joins Civitas after serving as President and CEO of Primexx Energy Partners and leading a comprehensive transformation of the privately held Delaware Basin company. From 2016 to 2020, Mr. Doyle served …
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, …
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 …
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 …
$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 …