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WPX Energy reports big increase in oil production but also a 3Q net loss in earnings
Tulsa’s WPX Energy is reporting a 54 percent increase in third quarter oil production compared to a year ago but also $6 million in losses for the quarter. The loss figured to a penny a share on a diluted basis. However, WPX still had quarterly oil revenues surpassing half-a-billion dollars for the first time in …
Devon files more reports showing success of multi-well pad sites
Devon Exploration has filed 14 more well completion reports showing their latest productive efforts on multi-well pads in Oklahoma’s STACK play. The largest of the wells had production in the 900 barrel a day range. But the combined production is impressive. Three wells were completed in Blaine County and two were on the same pad …
Permits to drill for Oct. 31, 2018
Permits to drill for Oct. 31, 2018. Canadian County SANFORD 1207 #1SMH-2, October 31 2018 02 12N 7W SESESESE API: 01725296 Lat: 35.53766817393755, Long: -97.90258194070431 CHAPARRAL ENERGY LLC HH, DR, 14171 ft, MISSISSIPPIAN(9336) Grady County DALE LS #2-13X12H, October 31 2018 13 4N 6W NWSESESW API: 05124507 Lat: 34.813223276067035, Long: -97.78380042999639 GULFPORT MIDCON LLC HH, DR, 25433 …
Completion reports for Oct. 31, 2018
Completion reports for Oct. 31, 2018. BLAINE COUNTY Devon Energy Production Co Lp Miss’an & Miss’an (less Chester): Oil 853 Gas 6152 Water 1513 Flow 12 15N 12W Willow 12_1-15n-12w 1hx, May 01, 2018 HH, OIL, TD: 21811 ft Lat: 35.78399, Long: -98.43629 API: 35011237750001 Devon Energy Production Co Lp Mississippian(10067): Oil 935 Gas 2660 Water 676 Flow 13 15N 10W Horsefly 13_24-15n-10w 2hx, August 25, …
State regulators consider cooperative’s request against OGE
The Oklahoma Corporation Commission decided Wednesday to take under advisement the request by CKenergy of Mustang to block OGE from offering service to an electrical customer in CK’s territory. Commissioners listened to arguments for two hours before deciding to consider the issue and hold a formal vote perhaps in a week to ten days. CKenergy …
Bridenstine unashamed about push to return to the moon
NASA administrator Jim Bridenstine brought his hopes for expanded U.S. space travel to Oklahoma City this week, speaking at the Oklahoma Aerospace Forum. He repeated his push for a plan unveiled months ago of using commercial rockets for more American space exploration and travel. “Then NASA can use its money–we can use government resources—to go …
Oklahoma oil explorers in the Bakken face 2-year wait for new North Dakota refinery
Continental Resources and other Oklahoma oil and gas explorers in North Dakota’s Bakken will have to wait at least until next year to use a new refinery in the state. Meridian Energy Group, Inc., based in Belfield, North Dakota won approval earlier in October to move ahead with work on its Davis Refinery Project. But …
County in Colorado stops oil and gas drilling permits until voters have their say
Less than a week before Colorado voters decide on Proposition 112 and its proposed stricter setbacks for oi land gas drilling, one county has halted the issuance of new drilling permits. Adams County, located at the east of Denver took the action this week, temporarily halting new permits until the end of November. County commissioners …
Executive retirement announced at ConocoPhillips
ConocoPhillips announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows: Matt Fox, currently executive vice president, Strategy, Exploration and …
Another energy firm up for sale
A billion here. A billion there. Seems like “For Sale” signs are popping up every where in the energy industry. The same day Oklahoma City-based Chesapeake Energy announced its $4 billion purchase of Wildhorse Energy in Texas, the Houston-based McDermott International company said it will sell its storage tank and pipe fabrication businesses for more …