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Friday proved a down day for Oklahoma and other energy stocks
Operators and investors of Oklahoma energy stocks have to be wondering what the week will bring…more Biden moves against the industry? What can bring their stocks back into positive territory after Friday’s down day. Oil futures in the U.S. settled lower as well and reportedly because of concerns about energy demand. West Texas Intermediate crude …
SandRidge Mississippian Trust I to be dissolved by 3Q of 2021
The SandRidge Mississipian Trust I with assets in northern Oklahoma should be dissolved totally by the third quarter of this year according to an announcement made this week. The Trust owns royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma and is …
Phillips 66 cuts 4Q losses to $539 million
Phillips 66 reported a slight improvement in cutting losses as its fourth quarter losses totaled $539 million, down from the $799 million reported lost in the third quarter of 2020. The company said excluding special items of $32 million, it had an adjusted loss of $507 million. In the third quarter, its adjusted loss …
Permits to drill for January 29, 2021
Permits to drill issued on January 29, 2021. Pittsburg County MARGUERITE #3-2/11H, June 24 2019 35 8N 17E SENESESE API: 12124850 Lat: 35.11855818748596, Long: -95.47298943563584 TRINITY OPERATING USG LLC MU, AM, 18675 ft, MISSISSIPPIAN(7400), WOODFORD(7810) Pittsburg County MARGUERITE #3-2/11H, June 24 2019 35 8N 17E SENESESE API: 12124850 Lat: 35.11855818748596, Long: -95.47298943563584 TRINITY OPERATING USG LLC …
Completion reports for January 29, 2021
Completion reports filed on January 29, 2021. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mississippian(8338): Oil 894 Gas 707 Water 1682 Flow 14 14N 7W Brueggen 1407 2h-2x, May 05, 2020 HH, OIL, TD: 19507 ft Lat: 35.69437, Long: -97.92015 API: 35017255800000 Ovintiv Mid-continent Inc. Mississippian(8499): Oil 860 Gas 250 Water 1567 Flow 14 14N 7W Breuggen 1407 4h-2x, May 04, 2020 HH, OIL, TD: 19740 ft Lat: …
GOP Senators file bill to block Biden’s ban on new oil and gas drilling
Oklahoma U.S. Sens. James Lankford and Jim Inhofe were joined by several other members of the Senate in filing a bill to stop President Biden’s administration from block new oil and gas drilling and mining on federal lands and waters. They filed the Protecting our Wealth of Energy Resources or POWER Act of 2021. …
Despite Biden attacks, oil and gas industry saw rig counts grow in Oklahoma and the US
While President Biden was targeting the nation’s oil and gas industry through his growing executive orders, the industry saw an increase in rig counts, both in Oklahoma and the rest of the country. Baker Hughes Co. reported Oklahoma’s count increased by one to reach 18 in the past week. A year ago, the state …
Energy news in brief
** Michigan’s environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes. The decision, a victory for Enbridge Inc., comes as the Canadian company resists Democratic Gov. Gretchen Whitmer’s demand to shut down its 68-year-old line in the Straits …
Texas Governor fights Biden’s executive orders with his own executive orders
Texas Gov. Greg Abbott has gone after President Biden’s executive orders against oil and gas by issuing his own executive orders giving state agencies the nod to file legal challenges to the Biden administration’s policies. “When it comes to threats to your jobs, you have a governor who has your back,” he told workers …
Completion reports for January 28, 2021
Completion reports filed on January 28, 2021. CANADIAN COUNTY Ovintiv Mid-continent Inc. Mssp / Wdfd: Oil 996 Gas 798 Water 2678 Flow 11 14N 7W Brueggen 1407 7h-2x, May 02, 2020 HH, OIL, TD: 19434 ft Lat: 35.69861, Long: -97.91090 API: 35017255840000 GARVIN COUNTY Ovintiv Mid-continent Inc. Springer: Oil 1631 Gas 1978 Water 1909 Flow 21 3N 4W Sandra Fiu 0304 1h-9x, November 17, 2020 HH, …
