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Chesapeake Energy jump starts South Texas drilling after $4 billion merger with WildHorse Resources
Oklahoma City’s Chesapeake Energy Corp. is taking advantage of its $4 billion merger with WildHorse Resources Development Corp. by already seeking permits to drill in the Eagle Ford Shale of South Texas. Chesapeake is already considered one of the top drillers in the shale play and earlier this month filed 18 applications with the Railroad …
Merger vote to be held by TransMontaigne Partners
Denver’s TransMontaigne Partners L.P., a firm with major operations in Cushing and Oklahoma City, Oklahoma plans a special shareholders meeting next week to vote on a proposed merger worth $536 million. The January 28 meeting will be held in Denver at 1670 Broadway where the subject of the merger with an indirect subsidiary of ArcLight …
Four earthquakes reported in oil and gas plays in Oklahoma, Kansas and Texas
At least four earthquakes were reported in Oklahoma, Kansas and Texas over the weekend. All four were in active oil and gas drilling plays. The most recent was a 3.6 magnitude quake registered around 11:30 Sunday night with an epicenter about 14 miles west of Enid, Oklahoma. The US Geological Survey indicated the depth was …
Permits to drill January 18, 2019
Permits to drill issued on January 18, 2019. This message contains blocked images. Show images Blaine County PORKCHOP 34-15N-11W #1H, February 10 2017 34 15N 11W SWSESWSW API: 01123742 Lat: 35.72586565349242, Long: -98.36397921087985 PALOMA OPERATING CO INC HH, AM, 16909 ft, MISSISSIPPI(11085), WOODFORD(12322) Blaine County SMOOT QUARTER FIU #4-1-12XHM, January 18 2019 01 16N 13W NENENWNE …
Completion reports from January 18, 2019
Completion reports from January 18, 2019. DEWEY COUNTY Continental Resources Inc Mississippian/woodf Ord: Oil 99 Gas 10568 Water 3880 Flow 23 16N 15W Calderwood Fiu 1-23-14xhw, November 12, 2018 HH, GAS, TD: 23410 ft Lat: 35.84297, Long: -98.77281 API: 35043236400000 Continental Resources Inc Mississippian/woodf Ord: Oil 99 Gas 10568 Water 3880 Flow 23 16N 15W Calderwood Fiu 1-23-14xhw, November 12, 2018 HH, GAS, TD: 23410 ft …
Oil and Gas employment helped create Oklahoma’s 3.2 percent jobless rate
Oklahoma was one of 40 states in the U.S. last week where the unemployment rate was below 4 percent. Oklahoma’s unemployment rate actually improved to 3.2 percent for December 2018 for the 8th consecutive month, according to the Oklahoma Employment Security Commission. The December rate improved 0.1 percentage point and was down nearly a full …
Rig counts nationally and in Oklahoma drop with low oil prices
The number of active oil and gas rigs in the U.S. and in Oklahoma plunged in the past week as more were put into storage while oil prices remained in the low $50 a barrel range.The national count fell by 25 to reach 1,050 rigs while the count in Oklahoma dropped by 10 to hit …
Oil prices moved upward on Friday and so did stocks in major oil and gas firms
As oil prices closed Friday in an upward trend, so did some of the stocks in major oil and gas companies. West Texas Intermediate crude, set at the Cushing hub closed up $1.69 to settle at $53.76 per barrel or 3.25% higher. Brent crude was up $1.38 and closed at $62.56 or 2.26% higher. Natural …
OCC to meet January 22 due to federal holiday on Monday
Since Monday, January 21 is a federal holiday, the Oklahoma Corporation Commission will not meet until Tuesday, January 22. The attached is the signing agenda for the day. Signing Agenda 01-22-19
New Mexico outperforms Oklahoma and other energy states in oil and gas revenue collections
A new analysis shows New Mexico is capturing a greater share in oil and gas revenue than Oklahoma, Texas and six other states. The report was prepared by the New Mexico Tax Institute and Moss Adams. “New Mexico obtains the greatest percentage of total oil and gas production value directly contributing to government revenue when …