Author's posts
Icahn urges patience in waiting for energy’s rebound
Billionaire investor Carl Icahn says the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy. Icahn, with stakes in SandRidge Energy, CVR Energy, Cheniere Energy and Occidental Petroleum, said the key to making money is to buy when companies are out of …
Oil Site Leaked Gases Uncontrollably for Months, Group Says
An oil well site in the Permian Basin owned by a bankrupt shale producer has spewed polluting gases into the atmosphere for 10 months, despite being investigated by Texas regulators, according to an environmental group. Infrared video footage collected during multiple visits from November 2019 through September show “continuous intense and significant” emissions from …
OG&E Stipulated Agreement Awaits OCC Ruling for System Upgrades
Oklahoma Gas & Electric presented a stipulated agreement to recoup up to $7 million in expenses for grid automation and technological upgrades during a recent meeting at the Oklahoma Corporation Commission. If approved by the Commission, the upgrades would increase the average residential customer bill by 52 cents, according to an article published by Janice …
Completion reports for October 8, 2020
Completion reports filed on October 8, 2020. HUGHES COUNTY Calyx Energy Iii Llc Woodford(5456): Gas 9359 Water 3047 Flow 14 8N 12E Hamilton 2-14-2wh, April 07, 2020 HH, GAS, TD: 15251 ft Lat: 35.16173, Long: -96.01289 API: 35063249040001 MCINTOSH COUNTY Calyx Energy Iii Llc Mississippian(4001): Gas 5587 Water 3848 Flow 14 9N 13E Mifflin 1-14-26ch, September 13, 2019 HH, GAS, TD: 16042 ft Lat: …
Permits to drill for October 8, 2020
Permits to drill issued on October 8, 2020. Canadian County TENKILLER LAKE 1108 #6-31-1MXH, October 07 2020 06 11N 8W SWSESESE API: 01725634 Lat: 35.450034764248414, Long: -98.0799481445782 CAMINO NATURAL RESOURCES LLC MU, DR, 22134 ft, MISSISSIPPIAN(11799), MISSISSIPPI(11799), WOODFORD(12063)
Another day of stock gains for Oklahoma energy companies
As U.S. crude oil settled Thursday above the $41-a-barrel mark, energy stocks were mixed with several still seeing increases in their market shares. Alliance Resources ended up 7 cents for a 2.54% gain to $2.83. Blueknight Energy Partners rose 7 cents for a 5% gain to $1.53. Chesapeake Energy finished at $4.02, up 12 …
Oil ends higher as hurricane cuts over 90% of Gulf crude output
Oil prices ended higher Thursday as Hurricane Delta forced the shut-in of more than 90% of the Gulf of Mexico’s crude output and the Saudis reportedly consider postponing OPEC plans to raise output. West Texas Intermediate crude for November delivery rose $1.24, or 3.1%, to settle at $41.19 a barrel on the New York Mercantile …
Hiring challenges faced by Michelin in Ardmore
The Michelin tire manufacturing plant in Ardmore has reported problems in hiring more workers. The report comes from Bill Hancock who is the Business Services and Rapid Response Coordinator at the Oklahoma Office of Workforce Development. “Michelin in Ardmore is struggling to hire 90 employees. Because of contract requirements, they need for the employees …
$856 million raised in note exchange by OKC’s Ascent Resources
Oklahoma City’s Ascent Resources Utica Holdings, LLC and ARU Finance Corporation announced the expiration and final results of their previously announced series of Senior note exchanges, a move that raised more than $856 million for the company’s natural gas exploration in Ohio. The exchange offer expired at 11:59 p.m. New York City time on …
Trump administration dinged by government watchdog for pandemic relief for oil companies
The Washington Post used a new congressional report critical of the Trump administration’s coronavirus pandemic relief for oil and gas producers to continue its targeted criticism of the President and the oil and gas industry. The report from the U.S. Government Accountability Office, according to the Post, said the government flouted its own goals …
