Author's posts
Avoiding Marginal Wells and Going for the Sure Thing
In what could be a case of going where the big wells are sure to be hit and marginal wells to be avoided, one Texas company is focusing on the Eagle Ford. It’s very much a reminder of the warning given the Oklahoma legislature this week by Oklahoma Oil and Gas Association chairman Wade Hutchings. …
Tulsa’s WPX Energy Officially Exits New Mexico Operations
Tulsa’s WPX Energy has wrapped up its $700 million sale of its holdings in the San Juan Basin’s Gallup oil play in northern New Mexico as part of continued debt-reduction efforts. The company announced this week the agreement was closed as it reduces its net debt to a 2019 target level of 1.5x. The transaction …
Interest Rolls Along in Oklahoma’s STACK
The latest permits to drill from the Oklahoma Corporation Commission indicate there is continued heavy interest in the state’s STACK oil play. At least 12 permits to drill were granted for Blaine County, one of the three principal counties that make up the high-producing play. Six of the permits were issued to Continental Resources Inc …
Completion Reports March 22-28
Here is the Weekly Completions Report. The table below provides a summary of the Completion tickets (Form 1002A) that have been published between March 22nd and close of business on March 28th. The table includes the Initial Production data for Oil (b/d), Gas (MCF/d) and Water (b/d). There are two links in the table: – The SPOT …
Permits to drill for March 22-28
This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between March 22nd and close of business on March 28th. There are two links on each line: – The SPOT link will take you to the well location on Google Maps. So, if you need it, this will …
Legislature Passes Teacher Pay Raise Bill to Increase Oil and Gas Taxes
Despite lobbying efforts from the state’s two major oil and gas groups, the teacher pay raise bill has won approval in the House and Senate and Governor Mary Fallin only awaits the amended version to make it law. The bill in question, HB1010 will produce an estimated $474 million, not the $447 million as reported …
Oklahoma Rig Count is Up while National Count is Down
While Oklahoma added one rig to its most recent rig count in the past week, the nation’s count fell and whether it’s in response to the growing crude oil glut is unknown. But Oklahoma’s count grew to 121 while the nation’s oil and gas drilling rig count fell by 2 to 993. In the past …
Sinkholes Growing in West Texas
The sinkholes in West Texas we’ve told you about in recent years are reportedly growing in size and number. Scientists say new satellite radar remote-sensing data shows the unstable and sinking ground connected to abandoned oil wells and water wells has spread to six sites in four counties. Most of the sinkholes are near the …
Billionaire’s Urging Leads Scott Pruitt to Okay Water Research Deal With Israeli Company
Some eyebrows are being raised after documents released under the Freedom of Information Act showed EPA Administrator Scott Pruitt met with an Israeli company last year at the request of multi-billionaire Sheldon Adelson. Sometime after the meeting, the EPA signed a research agreement with the company to study the firm’s atmospheric water generator, a device …
Dallas Neighborhood Where Blast Killed Girl Forced to be Evacuated Again
The Dallas neighborhood where a home exploded in a natural gas leak last month killing a 12 year old girl, was evacuated Wednesday night because of a natural gas smell. At least 25 homes and residents of 18 nearby apartments were evacuated by Atmos Energy crews. The neighborhood has been without natural gas since the …