Garvin County NATURE BOY #0303 28-21-3WXH, August 02 2023 28 3N 3W SESESWSE API: 04925425 Lat: 34.69646860207633, Long: -97.51537280330903 CPRP SERVICES LLC MU, DR, 21080 ft, WOODFORD(10250) Garvin County NATURE BOY #0303 28-21-4WXH, August 02 2023 28 3N 3W SESESWSE API: 04925426 Lat: 34.696468604075186, Long: -97.51532290361445 CPRP SERVICES LLC MU, DR, 20880 ft, WOODFORD(10050) Garvin County STRIPE …
August 2, 2023 archive
Completion reports for August 2, 2023
GARVIN COUNTY Cprp Services Llc Woodford(11704): Oil 603 Gas 2744 Water 1560 Gas Lift 30 3N 3W Torero 0303 19-18-5wxh, May 31, 2023 HH, OIL, TD: 22567 ft Lat: 34.70917, Long: -97.55126 API: 35049253700001 Cprp Services Llc Woodford(11851): Oil 1089 Gas 4654 Water 1475 Gas Lift 30 3N 3W Torero 0303 19-18 3wxh, June 02, 2023 HH, OIL, TD: 22460 ft Lat: 34.70917, Long: -97.55136 API: 35049253720001 …
A stronger 2Q for Williams
Despite a drop in natural gas prices and reports of other energy firms recording falling revenues, Tulsa’s Williams Companies reported a strong second quarter seeing a 36% increase in net income from a year ago. Net income totaled $547 million or 45 cents a share while adjusted net income was $515 million or 42 …
Earnings and revenue slip in 2Q for SandRidge Energy
SandRidge Energy saw a drop in earnings and revenue in the second quarter of the year. The Oklahoma City company reported net income of $16.6 million or 45 cents a basic share, down from the first quarter net income of $23.8 million, or $0.64 per basic share. Second quarter adjusted net income was …
Historic crude oil draw sends prices down along with OK energy stocks
Even a historic drop in U.S. crude stocks wasn’t enough to keep oil prices from dropping 2% on Wednesday as traders took no chances following the downgrade of the U.S. government’s top credit by a major ratings agency. Despite the record stock draw, U.S. oil prices fell amid falls across financial markets after rating agency …
Crude stocks dwindle more at Cushing and across the nation
The tightening of crude oil supplies was reflected again at the Cushing hub where there was another drop in crude stocks in the past week, according to the government. Nationally, it was an historic fall of 17 million barrels, the largest such decline in U.S. crude inventories according to records dating back to 1982. …
Revenue drop felt by Chesapeake Energy
A fall in natural gas prices resulted in Chesapeake Energy seeing a slide in profits from $1.24 billion or $8.27 a share a year ago to $391 million and $2.73 a share in the second quarter. Gas prices in the U.S. averaged $2.417 per million Btu which were down neary 63% compared to a …
Kansas AG confident of his lawsuit against alleged natural gas market manipulator
As Oklahoma Attorney General Gentner Drummond considers bids from private law firms to help file possible lawsuits against market manipulators during the 2021 winter storm Uri, the AG in Kansas is confident of winning the suit he filed earlier this year. “I’m very confident we’ll be able to get money back for Kansans,” Kris …
Gulfport beats 2Q expectations and plans more drilling efforts
Gulfport Energy Corporation beat analyst expectations with $93.7 million in second quarter net income and $144.5 million of adjusted EBITDA. The Oklahoma City company also raised its full year 2023 net production guidance to 1,035 MMcfe and 1,055 MMVcfe a day, an increase of about 3%. During the quarter, Gulfport completed and turned 13 …
Devon Energy sees 2Q drop in earnings but increased oil production
Devon Energy Corp. saw a drop in net earnings in the second quarter as they totaled $690 million or $1.07 per diluted share compared to $995 million, or $1.53 per diluted share, in the first quarter of 2023. At the same time, it also had record oil production. A day after releasing the report, Devon …
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