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Arkansas’ Murphy Oil leaving Malaysia with $2 billion sale of holdings
After 20 years of doing business in Malaysia, Arkansas-based Murphy Oil is getting out and selling its two subsidiaries in the country in a more than $2 billion deal. The company headquartered in El Dorado, Arkansas announced the sale of Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd to a subsidiary …
Permits to drill for March 21, 2019
Permits to drill issued on March 21, 2019. Canadian County QUANAH PARKER 1107 #18-7 1WXH, March 21 2019 19 11N 7W SENENENE API: 01725415 Lat: 35.419723409471715, Long: -97.9735673722944 CAMINO NATURAL RESOURCES LLC HH, DR, 18872 ft, MISSISSIPPIAN(10552), WOODFORD(10788) Canadian County CHUCK NORRIS 1007 10-15 #1MXH, March 20 2019 03 10N 7W SESESESE API: 01725414 Lat: 35.36320383932607, Long: …
Completion reports for March 21, 2019
Completion reports for March 21, 2019. HUGHES COUNTY Trinity Operating (usg) Llc Woodford(4720): Gas 1352 Water 2440 Flow 34 8N 10E Ann 5-3/10h, May 07, 2018 HH, GAS, TD: 14807 ft Lat: 35.11841, Long: -96.24550 API: 35063247590001 Trinity Operating (usg) Llc Woodford(4823): Gas 1506 Water 2194 Flow 6 6N 10E Gentry 1-31/30h, July 06, 2018 HH, GAS, TD: 15216 ft Lat: 35.02741, Long: -96.28642 …
Devon announces 2 proposed candidates for board of directors
The board of directors of Devon Energy Corp. announced that Ann G. Fox and Keith O. Rattie have been nominated to stand for election to the board at the company’s annual meeting of stockholders on June 5. Fox, 42, is the president and chief executive officer of Nine Energy Service Inc., a Houston-based oilfield services …
Crude oil prices topped $60 for first time in months
Crude oil prices topped $60 a barrel this week for the first time in nearly four months. Prices rose Wednesday after the government revealed figures showing how the American stockpiles of crude oil and refined fuels took a nose-dive last week. West Texas Intermediate crude futures settled 80 cents higher at $59.83 per barrel after …
Talk about footing an FOIA search bill!
Whoa! How about the $290,000 bill the Army wants to charge an environmental organization to do search for its Freedom of Information Act request? It’s not unusual to get a small fee for some FOIA requests and usually, members of the media can and often get their search fees waived. But not in thee case …
Oklahomans await their turn in court against Roundup weed killer manufacturer
While a second California jury has ruled Roundup weed killer caused cancer and is in the process of determining damages, a handful of Oklahomans who also sued the company await their cases to move forward. It was a unanimous ruling by a jury in San Francisco federal court as it determined Germany’s Bayer company, …
Record low natural gas prices in West Texas
Equipment failure in New Mexico resulted in a record low next-day natural gas price at the Waha hub in West Texas. The failure stranded natural gas in the Permian basin and spot prices at the hub collapsed to an average of just 12 cents per million British thermal units for Wednesday. Prices fell belong the …
Judge blocks drilling stating climate change was not considered by the government
A U.S. District of Columbia federal judge has temporarily blocked oil and gas drilling on thousands of acres of public land in Wyoming stating it was because of climate change. Judge Rudolph Contreras issued the ruling stating that the Trump administration failed to “sufficiently consider climate change.” He found the U.S. Bureau of Land Management …
Texas investment firm active in Oklahoma’s STACK and SCOOP
Blue Sage Capital based in Austin, Texas announced 2018 was its most active year in its 18-year history and some of the developments happened in Oklahoma’s STACK and SCOOP plays. The firm saw the exit of three of its portfolio companies and the addition of two others. One of its portfolio companies, Cobalt Environmental Solutions …