Author's posts
Franklin’s investment in Chesapeake
A filing with the Securities and Exchange Commission shows that more than 10% of shares in Oklahoma-based Chesapeake Energy are held by the multinational holding company Franklin Resources Inc. Franklin filed an SC 13G/A report with the SEC showing it had ownership of 12,881,607 shares in the Oklahoma City energy company. The holding amounts …
BCE-Mach LLC makes another STACK acquisition
More acquisitions in Oklahoma’s STACK and southern Kansas have been carried out by Oklahoma-based BCE-Mach LLC and two of its subsidiaries. Total amount for the purchase and sale agreements by BCE-Mach LLC, BCE-Mach II LLC and BCE-Mach III LLC was $66.5 million and closings for both are expected in the first quarter of 2022. …
Rising energy costs follow historic inflation
If your energy bills shot up last month in Oklahoma, you weren’t alone. The government says while inflation in November rose 6.8%, energy bills rose 6.5%. The U.S. Bureau of Labor Statistics reported U.S. consumers continue dealing with the biggest jump in energy bills in more than a decade. Click here for Bloomberg.
Oklahoma group’s lesser prairie chicken plan okayed by feds
A plan proposed by Oklahoma-based conservation bank LPC Conservation won approval from the federal government to help restore populations of the lesser prairie chicken. Reports indicate the plan, approved by the U.S. Fish and Wildlife Service will not only allow development of lands in oil and gas drilling regions but also protect the species …
Baker Hughes reports more rig activity in Oklahoma and US
Rig activity in Oklahoma and the U.S. increased in the past week according to the latest report from the Baker Hughes Co. Oklahoma’s count grew by 2 to 46, far more than the 14 rigs reported a year ago at this time. Nationally, the count increased by 7 to 576. The number of oil rigs …
Crude oil makes best advancement since August
Crude oil prices rebounded again on Friday reaching their best weekly gain since August while some Oklahoma energy stocks made modest gains. The advancement in crude prices was again attributed to easing concerns over the impact on global economic growth and fuel demand by the Omicron coronavirus variant. West Texas Intermediate crude for January delivery …
Other energy news headlines for Monday
** The Biden administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to U.S. diplomatic cables. ** South Dakota utility regulators gave the go-ahead for NorthWestern Energy to partner with BrightMark Full Circle RNG to develop the state’s first renewable natural gas …
Completion reports for December 9, 2021
BLAINE COUNTY Continental Resources Inc Mississippian(12210): Oil 484 Gas 14964 Water 1309 Flow 24 15N 13W Edgemere Farms 3-25-36xhm, August 20, 2021 HH, GAS, TD: 22770 ft Lat: 35.75502, Long: -98.53758 API: 35011242620000 CADDO COUNTY Donray Petroleum Llc Commingled All Zones: Oil 219 Gas 1147 Water 3095 Flow 19 5N 11W Apache Gas Unit 1, August 14, 2020 SH, OIL, TD: 24715 ft Lat: 34.89021, Long: …
Permits to drill for December 9, 2021
Canadian County DARROW TRUST #1H-7-6, December 07 2021 07 10N 5W NENENESW API: 01725600 Lat: 35.354633079484856, Long: -97.76965893386993 CITIZEN ENERGY III LLC MU, DR, 17394 ft, MISSISSIPPIAN(9100) Canadian County KING JULIEN 15-12N-7W #2MH, October 27 2021 15 12N 7W SESENWSW API: 01725723 Lat: 35.512101356427834, Long: -97.93325265488727 PALOMA OPERATING CO INC HH, AM, 17000 ft, MISSISSIPPIAN(9100) Johnston County …
Crude oil slips while Oklahoma energy stocks suffer
After climbing above the $71 mark earlier this week, crude oil in the U.S. dropped in Thursday’s trading. Oklahoma energy stocks recorded a lot of losses on the day. West Texas Intermediate crude fell $1.75 or 2.42% to finish the day at $70.61 on the New York Mercantile Exchange. Global benchmark Brent crude was …
