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Trade war with China results in tumbling oil prices
Axios reports that oil and natural gas companies are staring down the barrel of a slowing economy, President Trump’s on-again-off-again Chinese trade war, persistently low oil prices that plunged Friday and even lower natural gas prices. Where it stands: Big Oil’s second-quarter earnings are mixed this week. European majors Total, Eni and Shell reported large drops in …
Tulsa Coal mining company completes $145 million oil and gas expansion in Permian Basin
Tulsa-based Alliance Resource Partners, L.P. announced that it has completed the previously announced acquisition of oil and gas mineral interests from Wing Resources, LLC and Wing Resources II, LLC for a cash purchase price of $145.0 million. Known for its coal production in the eastern U.S., the Oklahoma company expanded its oil and gas holdings. …
Oil and gas rig counts continue to tumble in Oklahoma
Oklahoma’s oil and gas rig count continues to tumble as the latest Baker Hughes Co. rig numbers show the state dropped 5 more rigs in the past week to reach a total of 88. One year ago, Oklahoma had 137 active rigs. Other states saw a reduction in their rig counts and nationally, the numbers …
Permits to drill for August 2, 2019
Permits to drill filed for August 2, 2019. Blaine County HOFFMAN TRUST #2-13MH, August 02 2019 13 19N 13W SWSESESE API: 01124236 Lat: 36.11612773446419, Long: -98.53205099725578 CRAWLEY PETROLEUM CORPORATION HH, DR, 13709 ft, MISSISSIPPI SOLID(8950) Canadian County MCKINNEY #2-8, August 02 2019 08 11N 9W CSE API: 01723472 Lat: 35.43852985391294, Long: -98.1710801530065 ROX EXPLORATION INC SH, RC, …
Completion reports for August 2, 2019
Completion reports filed for August 2, 2019. DEWEY COUNTY Newfield Exploration Mid-con Inc Mississippian(9416): Oil 102 Gas 309 Water 1315 Flow 11 19N 15W Ruben Fed 1915 1h-11, January 23, 2019 HH, OIL, TD: 14162 ft Lat: 36.14381, Long: -98.77729 API: 35043236490000 HUGHES COUNTY Corterra Energy Operating Llc Woodford(4980): Gas 2191 Flow 3 6N 9E Josh 0409-1hx, March 04, 2019 HH, GAS, TD: 14280 …
Williams seeks feds’ approval of $531 million pipeline extension in Pennsylvania
Williams announced Friday that its Transco interstate pipeline has filed an application with the Federal Energy Regulatory Commission seeking authorization for its $531 million Leidy South project, which is proposed to connect supplies of natural gas in the Marcellus and Utica producing regions in Pennsylvania with markets along the Atlantic Seaboard by the 2021-2022 winter …
Williams CEO predicts strong natural gas demand
As CEO of Williams in Tulsa, Alan Armstrong says the company’s second quarter earnings saw what he called “very healthy growth” in all key measures. And he has a firm belief in ” strong natural gas demand growth fundamentals that underpin our strategy.” During a recent earnings call after the company posted its report, Armstrong …
Mixed energy employment in Oklahoma counties for June
The state government says unemployment rates in June were lower than a year ago in 70 of Oklahoma’s 77 counties. They were higher in five other counties and unchanged in two counties according to a break-down of the county rates. The Oklahoma Employment Security Commission reported Alfalfa County where Alva is the county seat had …
Anti-spoofing move by FCC supported by Attorney General Hunter
Attorney General Mike Hunter commended the Federal Communications Commission for voting to implement rules to ban caller ID spoofing in text messages and international calls. FCC Chairman Ajit Pai originally proposed the rules to the commission in July following the recommendations of a bipartisan coalition of 42 state attorneys general, including Attorney General Hunter, in May. …
Devon scores big on 3 multi-well paid sites in STACK bringing in more than 8,000 barrels a day
Oklahoma City-based Devon Energy filed completion reports showing oil production totaling more than 4,600 barrels a day on two adjacent multi-well pad sites in Blaine County. But the company had success with total production of more than 11,000 barrels of oil a day in Blaine and Kingfisher counties in the STACK. All four Scott 13_24-16n-10w …