PEMA Professional Energy Marketers Association
Permits to drill filed on August 9, 2019. Caddo CountyBOWLING #1H-21-16, August 09 2019 21 10N 10W SWSESESW API: 01523314 Lat: 35.32024559434719, Long: -98.26400800891473 CITIZEN ENERGY III LLC HH, DR, 23778 ft, CHEROKEE(12500) Garvin CountyHOLLYWOOD #1-8, August 09 2019 08 4N 4W CNENW API: 04925306 Lat: 34.839236174588365, Long: -97.64450808866629 RED ROCKS OIL …
Read More »Completion reports for August 9, 2019
Completion reports filed on August 9, 2019. MAJOR COUNTY Sandridge Exploration & Production Llc Meramec(7384): Oil 278 Gas 271 Water 2439 Artificia L Lift31 22N 12W Hardin 2212 1-30h, February 24, 2019 HH, OIL, TD: 12585 ft Lat: 36.34698, Long: -98.51636 API: 35093251910000 Sandridge Exploration & Production Llc Mississippi Lime(8442): Oil 132 Gas 255 Water 1385 Gas Lift12 21N 16W Pannell …
Read More »Energy Information Administration Details Short-Term Energy Outlook
The US Energy Information Administration released its short-term energy outlook this week, outlining the country’s energy production in 2019 and future production in 2020. According to an article published by Power Technology, Brent crude oil prices averaged at $64 a barrel in July 2019, falling from $74 a barrel in …
Read More »ODOT Update for August 2019
The Oklahoma Transportation Commission meeting on Monday included updates on a federal transportation funding bill in Congress, approval of a contract for a major upgrade to US69/75 in southeastern Oklahoma, the recent opening of the new Purcell-Lexington bridge and presentation of an industry award for an Oklahoma Department of Transportation …
Read More »Tulsa International Airport Study Funded by Oklahoma Aeronautics Commission
The Oklahoma Aeronautics Commission recently voted to approve $300,000 to conduct a study at the Tulsa International Airport which may lead to the construction of a new air traffic control tower, according to a report published Thursday in The Journal Record. The Federal Aviation Administration will analyze the necessity and …
Read More »Panhandle Oil and Gas Posts $15.4 Million Income for 3Q 2019
Oklahoma City-based Panhandle Oil and Gas reported net income grew to $15.4 million or $0.92 per share for its third quarter ending June 30, 2019. This compares to $14.1 million or $0.83 per share for the same period in 2018, according to a company press release issued on Thursday. Panhandle …
Read More »CSI Compressco LP Optimistic About 2Q 2019 Results
Despite posting a $2.9 million net loss for the second quarter of 2019, Houston’s CSI Compressco LP remains optimistic that the company is headed in the right direction as revenue increased sequentially by 31 percent, according to a company press release. The company posted a net loss of $12.5 million …
Read More »Halcon Resources Corporation Files Second Bankruptcy Petition
With support from major stakeholders, Houston-based Halcon Resources Corporation voluntarily filed for Chapter 11 bankruptcy protection on Wednesday, according to a company press release. The beleaguered energy company previously filed for bankruptcy in 2016 but continued to struggle following its initial restructuring efforts. The new plan will allow Halcon to …
Read More »Plan to improve Tulsa’s old flood levee system close at hand
Sen. Jim Inhofe’s office reports a possible plan with a cost estimate to improve Tulsa’s levee system is expected next week. The Tulsa World reports the Tentatively Selected Plan will outline proposed work, including a cost estimate that will serve as a placeholder in the fiscal year 2021 federal budget. …
Read More »Rig counts up internationally but down in the U.S.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and …
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