A Securities and Exchange filing late Friday by Continental Resources revealed more details about the promotion of Robert Lawler to be the firm’s President and Chief Operating Officer. The filing indicated the appointment announced August 17 and approved by the Board of Directors means Lawler will transition as Continental’s President while William B. Berry …
August 2022 archive
Crude barely held own on Friday while OK energy stocks were weak
U.S. crude oil prices made a slight gain on Friday but prices still fell after a week of trading. Oklahoma energy stocks had a weak day in trading, just one day after recording some large gains. The decline for the week came on worries that an economic slowdown might weaken demand for crude oil. …
Baker Hughes reports national rig count slipped by one
Oklahoma was unchanged in its oil and gas rig count in the past week while nationally, Baker Hughes Co. reported a decline of one resulting in a nationwide count of 762. Oklahoma had 65 active rigs in the past week compared to a year ago when the count was only 30. Nationally, the number …
Federal Judge permanently blocks Biden leasing pause in lawsuit by Oklahoma and other states
A federal judge in Louisiana overruled a Circuit Court judge’s ruling made in the past several days putting the lawsuit by Oklahoma and nearly a dozen other states challenging Biden’s moratorium on new oil and gas leases back into play. Judge Terry Doughty of the Western District of Louisiana issued a permanent injunction against …
Oil and gas firms made a lot of money last year
A new report claims U.S. oil and gas companies generated nearly $74 billion in profits in 2021 while capital expenditure reached more than $144 billion. The report from EY titled “U.S. oil and gas reserves, production and ESG benchmarking study” according to Oilprice.com. Click here for Oilprice.com
Permits to drill for August 18, 2022
Alfalfa County PRESNALL TRUST #2-6, August 18 2022 06 24N 12W NWSESWNW API: 00323414 Lat: 36.58865796471741, Long: -98.53080709298669 KLO LLC SH, DR, 6100 ft, DOUGLAS(4537), COTTAGE GROVE(5295) Blaine County KINGS CANYON 17-13-16 #1H, August 18 2022 16 17N 13W SESWSESE API: 01124334 Lat: 35.94285934285469, Long: -98.5859903717958 STAGHORN PETROLEUM II LLC HH, DR, 16215 ft, MISSISSIPPIAN(10328) Canadian County …
Completion reports for August 18, 2022
ELLIS COUNTY Mewbourne Oil Company Cherokee(9555): Oil 534 Gas 1143 Water 2177 Flow 16 19N 25W Pike 16/21 Dm 1h, April 05, 2022 HH, OIL, TD: 19385 ft Lat: 36.12902, Long: -99.87730 API: 35045238470000 KINGFISHER COUNTY Ovintiv Usa Inc Mississippian(8356): Oil 1323 Gas 1724 Water 2813 Flow 29 15N 7W Laura 1507 2h-17x, February 21, 2022 HH, OIL, TD: 19115 ft Lat: 35.75330, Long: -97.96705 API: 35073267540000 …
OK energy stocks soared as crude prices rebounded Thursday
Thursday’s trading resulted in a 3% gain for crude oil prices after increased U.S. fuel consumption off worries about a slowing economy around the rest of the world. It proved to be a day of big gains for Oklahoma energy stocks. Increases came after a report was announced showing the number of Americans filing new …
Major jump in nation’s oil and gas rig numbers
While the latest Enverus rig count showed a nationwide increase of 15 oil and gas rigs, it also revealed two Oklahoma City-based companies were among the most active in the Appalachian Basin. Appalachia also notched a four-rig increase to 58 during the last week. Most active in the basin were Chesapeake Energy, EQT Corp. …
North Dakota Bakken production grew in June
North Dakota, the state where Oklahoma companies are among the leaders in oil and gas exploration reported its June oil production reached nearly 1.1 million barrels a day. But higher growth is being limited by workforce challenges and gas takeaway issues according to Lynn Helms, North Dakota Director of Mineral Resources reported the Williston …
