December 27, 2019 Issue, Page 15 of 18

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Friday, December 27, 2019 The Elk City News, Elk City, Oklahoma Page 7 Oil & Gas Report for the State of Oklahoma for December 15-21, 2019 COMPLETION INCREASED DENSITY SPACING “Section Section - County Well Name Section - Township- Range Operator ‘ror _Location Depth per Day MCF County fownship- Range Operator County fownship- Range. Operator Blaine Schulte Fiu 4-19-18xhm 48-15N-10W Continental Resources Inc NW 21220 2687 9444 Carter 12-02S-03W Continental Resources Inc Canadian 11-13N-08W Devon Energy Production Blaine Schulte Federal 7-19-18xh 48-15N-10W Continental Resources Inc NE 21109 2309 Kingfisher 31-15N-O5W Red BluffResources Oper Carter 05-028-03W 89 Energy li Llc* Blaine Schulte Federal 6-19-18xh 48-15N-10W Continental Resources Inc NW 21409 Major 29-20N-14W Comanche Exploration Co Carer (08-025-03W_ 89 Energy li Llc* Blaine Schulte Fiu 3-19-18xhm 18-15N-10W Continental Resources Inc NW 21329 Logan 13-15N-03W_ Gib Exploration ino Blaine Schulte Fiu 2-19-48xhm 48-15N-10W Continental Resources Inc NW 20985 Logan 24-15N-03W Gib Exploration inc Blaine Schulte Federal 8-19-18xh 48-15N-10W Continental Resources Inc NE 21837 Stephens 15-01N-04W Cheyenne Petroleum Co Blaine Schulte Federal 9-19-18xh 18-15N-10W Continental Resources Inc 21859 Grady Ewing 8-13-12xhs 12-06N-O6W Continental Resources Inc 20387 OCATION EXCEPTION Grady Phelps 3-31-30-19xhs 19-07N-O6W Continental Resources Inc 25339 Kingfisher Phyllis 36-O3sh 25-19N-06W Sk Nemaha Lle 10596 Section - Kingfisher Phylis 35-02sh 35-19N-O6W Sk Nemaha Lic 11125 Section - Pittsburg Helen Kay 2-24-13h 13-07N-16E Trinity Operating Usg Llc 19147 0 County Township Operator County ee Operator Pittsburg Tamara 1-33/28h 28-08N-17E Trinity Operating Usg Lic 17716 0 Carter 14-02-03 Continental Resources Ine Seminole Jacey James 3 20-09N-O7E Tripower Resources Lic 3615 0 Alfalfa Carter 13-25N-11W Boe mach Lie 02-02S-03W Continental Resources Inc Carter _14-028-03W Continental Resouroes Inc Carter 02-02S-03W Continental Resources Inc Carter -23-025-03W__ Continental Resources Inc WELLS SPUDDED Carter 05-02S-03W 89 Energy li Lic * Carter 24-028-03W_ Continental Resources Inc Section Carter 05-02S-03W 89 Energy li Lic* Kingfisher 31-15N-05W Red Bluff Resources Oper Carter 08-02S-03W 89 Energy li Lic * Kingfisher 31-15N-05W Red Bluff Resources Oper County Well Name —Townshi ange Operator Spot Depth Carter 08-02S-03W 89 Energy li Lic * Kingfisher 31-15N-05W Red Bluff Resources Oper Blaine Holstein 4-27-34-3xhm —03-14N-12 Continental Resources Inc SW SW SE SW 27095 Carter 11-02S-03W Continental Resources Inc Logan 13-15N-03W_ Gib Exploration Inc Canadian Wiedemann 1306 8-22mh 22-13N-O6W Red Bluff Resources Oper N2 NE NE NE 13400 Carter 11-02S-03W Continental Resources Inc Logan 24-15N-03W_ Gib Exploration Inc Carter Yoserrite Sam 0103 31-6-m06-01S-03W 89 Energy li Le SESW SW SW Carter 12-02S-03W Continental Resources Inc Major 29-20N-4W Comanche Exploration Co Carter Sw Wideat Jim Deese Unit 086-028-020 Mack Energy Co SE NE SW SW Carter 13-02S-03W Continental Resources Inc Stephens _36-01S-05W Stephens & Johnson Oper Cleveland Conrado 1-25 25-10N-04W Gui Exploration Lic SE NW NE SE MULTI UNIT POOLING Craig Fred Hartley 14-20c 20-27N-19E Neok Production Company NW SE SW SW Craig Snedden 11-29c 29-27N-19E Neok Production Company NW SE NW NW Dewey Lancelot 1-31-30xh 30-17N-14W Excalibur Resources Lic $2 $2 SW NW Section - sporon - Ellis Keln Trust /5 Gb 2c. -—-05-19N-26W Mewbourne Oil Company NE NE NW NE County fownship- ' ange. Operator County fownship- Range” Operator Grady 221 247-8xhw 08-07N-05W Continental Resources Inc N2.N2 N2 NW Grady 221 247-8xhw 08-07N-05W Continental Resources Inc N2N2 N2 NW Carter 02-02S-03W Continental Resources Inc Canadian 11-13N-08W Devon Energy Production Grady Mils 3-16-21xhw 09-07N-05W Continental Resources Inc SE SW SE SW Carter 02-02S-03W Continental Resources Inc Canadian 21-12N-O6W Paloma Partners lv Lic Grady Lambrecht 4-17-20xhw —-20-07N-05W Continental Resources Inc SESE SW SE Carter 05-02S-03W 89 Energy li Lic* Carter 25-01S-03W Continental Resources Inc Grady Mills 3-16-2txhw 21-07N-05W Continental Resources Inc SE SW SE SW Carter 05-02S-03W 89 Energy liLic* Carter 36-01S-03W Continental Resources Inc Grady Mils 416-2txhw 21-07N-05W Continental Resources Inc ‘SW SW SW SE Carter 08-02S-03W 89 Energy li Lic* Grady 20-07N-07W Camino Natural Resources Grady Mills 446-24xhw 21-07N-05W Continental Resources Inc ‘SW SW SW SE Carter 08-02S-03W 89 Energy liLic* Grady 21-06N-06W Camino Natural Resources Grady Mis 4-16-24xhw 21-07N-05W Continental Resources Inc ‘SW SW SW SE Carter 11-02S-03W Continental Resources Inc Love 15-07S-02E Xto Energy inc Jackson Walls 12 11-01N-20W Fulcrum Exioration Lie $2 SE NW NW Carter 11-028-03W Continental Resources Inc Love 22-07S-02E Xto Energy Inc Jackson Wals 11 11-01N-20W Fulcrum Exloration Le CNWNENW Carter 12-02S-03W Continental Resources Inc Love 27-078-02E Xto Energy Inc Kingfisher Alan 1609 2h-13x 24-16N-09W Newfield Expl Mid Con inc SE SE SW SW Carter 13-02S-03W Continental Resources Inc Love 34-07S-02E Xto Energy Inc Kingfisher Alan 1609 2h-13x 24-16N-09W Newfield Expl Mid Con Inc SESE SW SW Carter 14-02S-03W Continental Resources Inc Major 29-20N-14W Comanche Exploration Co Kingfisher Alan 1609 2h-13x 24-16N-09W Newfield Expl Mid Con Inc SE SE SW SW. Carter 14-02S-03W Continental Resources Inc McClain 30-08N-04W Eog Resources Inc Kingfisher Alan 1609 4h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SW SW SE Carter 23-02S-03W Continental Resources Inc McClain 31-08N-04W Eog Resources Inc Kingfisher Alan 1609 4h-13x 24-16N-09W Newfield Expl Mid Con Inc ‘SW SW SW SE Carter 24-02S-03W Continental Resources Inc Stephens —27-01S-04W 89 Energy li Lic* Kingfisher Alan 1609 4h-13x 24-16N-09W Newfield Expl Mid Con Inc ‘SW SW SW SE Noble 03-22N-01E Blake Production Company. Kingfisher Alan 1609 5h-13x 24-16N-09W Newfield Exp! Mid Con Inc ‘SW SE SW SE Noble 35-23N-01E Blake Production Company Kingfisher Alan 1609 Sh-13x 24-16N-09W Newfield Exp! Mid Con inc ‘SW SE SW SE INTENT TO DRILL Kingfisher Alan 1609 Sh-13x 24-16N-09W Newfield Exp! Mid Con Inc SW SE SW SE Kingfisher Alan 1609 7h-13x 24-16N-09W Newfield Expl Mid Con inc SW SE SE SE Section - Kingfisher Alan 1609 7h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SE SE SE Kingfisher Alan 1609 7h-13x 24-16N-09W Newfield Exp Mid Con Inc ‘SW SE SE SE County Well Name xX Operator Location Depth Kingfisher Betty 33-M1bh 33-20N-06W Longfellow Energy Lp S2 SE SW SW Okfuskee Timberwolf 1-24-13ch 13-10N-09E Calyx Energy li Le N2 NE NE NE Creek Ester Richards 11 32-19N-07E Welch Energy Lic CNWSWSW 3200 Okfuskee ‘Timberwolf 1-24-13ch 13-10N-09E Calyx Energy li Lc N2 NE NE NE Kay Etu 194 19-25N-01E Snr Northem Okla Operat S2NESENE 5000 Okfuskee Timberwolf 1-24-13ch 13-10N-09E Calyx Energy ii Lic N2NE NE NE Kingfisher Beverly 27-17-7 2he 22-17N-07W Chesapeake Operating Lic C N2 N2N2 16800 Oklahoma ‘Caracol 1404 09-08 2bh 08-14N-04W Revolution Resources Lc ‘SW SE NE NW Major Cheval 144 07-21N-14W Kirkpatrick Oil Company W2 SWNENE 7300 Oklahoma Caracol 1404 09-10 3bh 10-14N-04W Revolution Resources Llc NW NW SE SW Major Cheval 20-4 07-21N-14W Kirkpatrick Oil Company SENENWSE 7300 Pittsburg Bemice 3-7/6h 06-07N-18E Trinity Operating Usg Lic NE NW NE NE McClain Laubhan 0409 2h 09-08N-04W Eog Resources Inc S2SWSESE 19540 Seminole Josiin 1 14-07N-06E Mesa Exploration Co Ine NW NW SE NE McClain Laubhan 0409 3h 09-08N-04W Eog Resources Inc S2SESWSE 19570 Washita Reeves Farms 1-29h 29-10N-18W Rhino Resources Company E2 NW NE NE McClain Laubhan 0409 4h 09-08N-04W Eog Resources Inc S2SWSWSE 19590 Washita Reeves Farms 1-29h 29-10N-18W_ Kaiser Francis Oil Co 2 NW NE NE McClain Laubhan 0409 5h 09-08N-04W Eog Resources Inc S2SESESW 19804 Woods Hester 17-27-17 1h 47-27N-17W Boe Mach Lic S2 $2 SE SE Roger Mills Reagan 3-33 33-14N-21W Presidio Petroleum Lic W2E2E2NE 13100 Woods TeA2-36r 36-29N-13W Trans Pacific Oil Comp N2 S2 NW SE Chaparral Energy names new CEO, directors By Adam Wilmoth insights of the Chaparral team,” Chaparral Chairman Marc ping down from the board. The Oklahoman, Oklahoma City Rowland said in a statement. “With over 25 years of experi- Kuharski is a director on the North American Investment ence, he is a seasoned industry veteran, and we look forward ‘Team of Strategic Value Partners LLC, Chaparral’s largest OKLAHOMA CITY - Oklahoma City oil and natural gas to leveraging his expertise and leadership as we continue to shareholder. He previously worked with Eaton Park Capital executive Charles “Chuck” Duginski has been named presi- create value for our shareholders.” Management as an investment advisor. He has bachelor’s dent and CEO at Chaparral Energy Inc. as part of a broader Duginski replaces K. Earl Reynolds, who joined Chapar- degrees in finance and economics from the University of change in the company’s leadership, officials said Monday. ral in 2011 and served as CEO since January 2017, guiding St. Thomas and a Master of Business Administration from Duginski assumed the new role effective Dec. 20. Most the company as it emerged from bankruptcy reorganization. Harvard Business School. recently, he was chief operating officer and senior vice pres- “T am honored to be asked to join and lead the Chapar- McFarland is executive chairman of GenOn Energy Inc. ident at Oklahoma City-based Tapstone Energy LLC. He ral team,” Duginski said in a statement. “Opportunities in and a director at TerraForm Power, where he previously was previously was an executive at Oklahoma City energy com- this basin abound, and I am confident that with keen focus president and CEO. He has a bachelor’s degree from Virgin- panies Echo Energy, Continental Resources Inc. and Ches- on technical and operational excellence, safe operations and ia Tech University and a Master of Business Administration apeake Energy Corp. Duginski has a bachelor’s degree in improved cost structure, Chaparral will create value even in from the University of Delaware. mechanical engineering from the University of Oklahoma. this challenging upstream environment.” Chaparral’s stock price surged on the announcement “We believe Chuck will bring strong leadership and a Also on Monday, Chaparral officials announced that Monday morning. By 11 a.m., the stock was up almost 25 fresh perspective to Chaparral’s business in the STACK and Michael Kuharski and Mark “Mac” McFarland have been cents, or nearly 23%, to almost $1.34 per share. Merge while at the same time benefiting from the valuable named Chaparral directors and that Matthew Cabell is step- Adam Wilmoth: Barnett Shale sale ends Devon Energy legacy By Adam Wilmoth 2002. The Oklahoma City company then because it is a global product and in part pany also has oil production in Oklahoma, The Oklahoman, Oklahoma City added horizontal drilling to Mitchell’s hy- because the Organization of Petroleum Ex- Wyoming and south Texas. draulic fracturing, and production expanded porting Countries and its allies, including With the sale of the Barnett field, Devon OKLAHOMA CITY - When Devon Ener- quickly. Russia, have sought to restrain their produc- is further reducing its natural gas production gy Corp. executives this week agreed to sell Devon’s success in the Barnett led to tion to hold up oil prices. and increasing its focus on oil. the company’s Barnett Shale properties for the development of oil and natural gas in But natural gas prices have been in a bear “We feel really good about where we are $770 million, the move capped a transfor- shale and other dense rocks throughout the market for more than a decade. Growing positioned now. We have assets in four of mation for Devon and reflects on dramatic country. That allowed the United States to exports have eased some pressure, but U.S. the best onshore basins (the Powder River, changes in the oil and natural gas industry. reverse nearly a half-century ofoil produc- natural gas still is largely constrained to STACK, Delaware and Eagle Ford), and our The Barnett is the home of the first suc- tion declines and quickly propel the country North America. acreage is located in the best parts of each,” cessful, wide-scale natural gas development from the world’s largest importer to a net oil One barrel of oil contains about six times Devon CEO Dave Hager said this week. of shale rock, a move that transformed the exporter, the energy of a thousand cubic feet of natu- “So we have a very deep inventory of high- oil and natural gas industry and led to shifts Booming U.S. production drastically re- ral gas. Historically, prices have averaged return opportunities we can drill.” in global geopolitics. duced the country’s dependence on oil from close to that 6-to-1 ratio. But not over the Wall Street has reacted positively both to It also led to rapid growth at Devon, the Middle East. That move has led to shift- past decade. the Barnett sale and Devon's plans to use which now is housed in Oklahoma’s tallest ing alliances and other geopolitical conse- ‘The natural gas benchmark price closed skyscraper. quences that are yet to shake out completely. at $2.33 per thousand cubic feet on Friday, the proceeds of the sale to help expand its Texas oilman George Mitchell first devel- Too much success while U.S. benchmark oil settled at $60.44, ongoing share buyback program by another oped the Barnett field. Mitchell developed The oil and natural gas industry today is a ratio of nearly 26-to-1. $1 billion to a total of $6 billion. the hydraulic fracturing processes that made struggling from the results of too much suc- As a result of the ongoing price differ- Devon stock gained another 36 cents Fri- it possible to economically produce the the cess in shale and other dense rock produc- ence, many independent oil and natural gas day to close at $25.47 a share, up 5.6% from vast volumes of natural gas trapped under tion. The industry flooded the market first producers have switched their focus to oil. $24.12 at the end of the day Tuesday, before and just northwest of Fort Worth. But he with overabundant natural gas and then with Devon now invests most of its drilling bud- the sale was announced. didn’t have the cash to develop it properly. oil. get in the oil-rich Permian Basin in south- He sold his field and idea to Devon in Oil prices have been kept afloat in part east New Mexico and west Texas. The com-