Monday , April 29 2024

Chesapeake leaders acquire more company shares

    Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion to $2 billion, some executives in the company acquired more shares in the Oklahoma City company. The expanded buyback program was announced June 22 and reports filed with the U.S. Securities and Exchange …

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BLM conducts lease sale of Oklahoma and New Mexico land

  The sale of federal land oil and gas drilling leases in Oklahoma and New Mexico on Thursday netted the government about $632,000 according to an announcement by the Bureau of Land Management. The BLM said the total amount of land acquired in the lease purchases was 535 acres in …

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$270 million acquisition expands Ascent’s holdings in Ohio

  Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica Shale in Ohio were expanded with the $270 million acquisition of new assets. The company did not identify the seller but said the acquisition expands Ascent’s asset base in the Ohio Utica Shale play by ~26,800 net acres …

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Grid operator says 100 degree weather in Oklahoma will be closely watched

  With 100 degree weather in Oklahoma and the rest of the nearby states part of this week’s forecast, electricity demand will be high enough that the Southwest Power Pool is closely monitoring the power demand. On Saturday, it issued what is called a Conservative Operations Advisory for its entire …

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OGE implements new rate hike while awaiting final regulatory approval

  Oklahoma Gas and Electric was allowed to immediately implement a $30 million settlement of its original $163.5 million rate hike request because state law allowed it. The company implemented the new rate hike, amounting to 1.9% or $2.07 more a month for an average residential customer, within hours after …

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Producers still active in STACK and SCOOP plays in Oklahoma

  Newly-filed completion reports show a few Oklahoma energy companies were busy drilling wells in the STACK and SCOOP plays of the state. Continental Resources reported completion of two Blaine County wells drilled on the same pad with combined production of about 600 barrels of oil a day, but gas …

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Gas line project contract awarded to Baker Hughes

  In getting a contract for Tellurian Inc’.s nearly $17 billion natural gas transmission pipeline project in Louisiana, Baker Hughes Company will be doing a first. Baker Hughes got a contract to provide electric-powered compressor technology and the installation of the Integrated Compressor Line decarbonization technology will be the company’s …

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Permits to drill for June 30, 2022

Canadian County JORGE 1407 #2H-31X, June 30 2022 07 14N 7W SWNENENW API: 01725824 Lat: 35.70990343145971, Long: -97.98748703567702 OVINTIV USA INC MU, DR, 19245 ft, MISSISSIPPIAN(8807) Canadian County JORGE 1407 #3H-31X, June 30 2022 07 14N 7W SWNENENW API: 01725825 Lat: 35.70990343451734, Long: -97.98753755916294 OVINTIV USA INC MU, DR, 18441 ft, MISSISSIPPIAN(8870) …

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Completion reports for June 30, 2022

BEAVER COUNTY Monterey Production Company Llc Morrow Up(6346): Gas 2500 Water 2 Flow 15 5N 22E Sharp 3-15, April 01, 2022 SH, GAS, TD: 7652 ft Lat: 36.89585, Long: -100.67085 API: 35007253160001 GARVIN COUNTY Command Energy Operating Llc Dykeman(3700): Oil 5 Gas 20 Water 45 Pump 25 4N 1E Thunderbird 1-25, January 18, 2022 DH, OIL, TD: 4100 ft Lat: …

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