December 27, 2019 Issue, Page 7 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 Operator a bepth-atah, mcr County ee Operator County Teen Operator Blaine Schulte Fiu 4-19-48xhm 1e-16N10W Continental Resources In « 21220 2687 9444 Carter 12-02-03 Continental Resources Inc Canadian 11-13N-08W Devon Energy Production Blaine Schulte Federal 7-19-18xh 18-15N-10W Continental Resources In SNE 109 2309 Kingfisher 31-15N-O5W Red Bluff Resources Oper Carter 05-02S-03W 89 Energy liLlc* Blaine Schulte Federal 6-19-18xh 18-15N-10W Continental Resources Inc c NW 21409 2022 Major -29-20N-14W Comanche Exploration Co Carter 08-02S-03W 89 Energy li Llc* Blaine Schulte Fiu 3-19-48xhm 18-45N-10W Continental Resources In i NW 21329 Logan 13-15N-03W Gib Exploration Inc Blaine Schulte Fiu 2-19-18xhm 18-15N-10W Continental Resources In ce NW = 20985 Logan 24-15N-03W Gib Exploration Inc Blaine Schulte Federal 8-19-t8xh 18-15N-10W Continental Resources In i NE 21837 Stephens 15-01N-04W Cheyenne Petroleum Co Blaine Schulte Federal 9-19-48xh 18-15N-10W Continental Resources In1c NE Grady Ewing 8-13-12xhs 12-06N-O06W Continental Resources Inc c OCATION EXCEPTION Grady Phelps 3-31-30-19xhs 19-07! 1-06W Continental Resources Inc Kingfisher Phylis 36-O3sh 25-19N-O6W Sk Nemaha Lic Section - Section - Kingfisher Phyjls 36-02sh 35-19N-06W Sk Nemaha Lic Pittsburg Helen Kay 2-24-13h 13-07N-16E Trinity Operating Usg Llc County Tome Operator County Township Operator Pittsburg Tamara 1-33/28h 28-08N-17E Trinity Operating Usg Lic Aa 13:25N-t1W Boe mach Ll Carter 14-025-03W Continental Resouoes nc Seminole Jacey James 3 20-09N-07E Tripower Resources Lic Carter 02-02-03 Continental Resoures Inc Carter 14-02-03 Continental Resources Inc WELLS SPUDDED Carer 02-028-031N Continental Resources Inc Carter 23-02-03 Continental Resources Inc Carter 05-028-03W 89 Energy Llc Carter 24-028-03W Continental Resources Inc Carer 05-028-03W 89 Energy liLlc* Kingfisher 31-15N-O5W Red Blu Resources Oper County Well Name —Township- Section - Carer 08-028-03W 89 Energy Llc Kingisher 31-15N-05W Red Bluf Resources Oper ‘ange er HH neni Resources Inc Logan 13+ ib Exporaton Inc Blaine Holstein 4-27-34-3xhm —03-14N-12W Ponte Resour es eS NEAE, iyaga Carter —-1-028-03 Gontinental Resources Inc Logan 24-15N-03W Gib Exploration Inc Wiedemann 1306 8:22mh 22-13N-06W Yosemite Sam 0103 31-6-1m06-01S-03W RedBluff Resoura ces Oper N2NENENE| 13400 Carer *12-028-037 Confinenfal Resources Inc Major 29-20N-14W Comanche Exploration Co Canadian ae carter ‘Sw Widcat Jim Deese Unit 06-028-02W Wack Enaiergy SERN SHS 1850 Carter__13-028-03W_ Continental Resources Inc Stephens _36-01S-06WW__ Stephens & Johnson Oper Cleveland Conrado 1-25 25-10N-04W Gulf Exploration Llc SE NW NE SE Craig Fred Harley 14-200 20-27N-I9E_Neok Production Company NW SE SW SW ULTI UNIT POOLING Craig Snedden 11-29¢ 29-27N-I9E_Neok Production Company NW SE NW NW “Section Dewey Lancelot 131-30xh 30-17N-14W Excalibur Resources Llc S2 $2 SW NW Section Ellis Kelln Trust Gb 8/5 2he 05-19N-26W Mewboume Oil Company NE NE NW NE County “Rang _ Operator County “Rang eo Operator Gay So aaretw alteM sl ded ceed ica tL Carter 02-02-03 Continental Resources Inc Canatian {1-13N-08W Devon Energy Production Grady ils 346-200 O9.07N-OSW Continental Resouroes Inc. SE SW SE SW Garter 02-02S-03W Continental Resources Inc Canadian 21-12N-O6W_ Paloma Pariners Iv Lic Grady Lambrecht 4-17-20xhw -20-07N-05W Continental Resouroes Inc SE SE SW SE Carter 05-028-03W 89 Energy liLle* Carter _25-01S-03W Continental Resources Inc Grady Mis 316-2txtw SLOVN-OSW Continental Resouroes Ing SE SW SE SW Carter 05-028-03W 89 Energy liLlc* Carter _36-018-03W Continental Resources Inc Grady Mils 416-21xhw 24-07N-O5W Continental Resources Inc SW SW SW SE Carter —_08-025-03W 89 Energy li Lic* Grady 20-07-07 Camino Natural Resources Grady Mills 4-16-21xhw 21-07N-O5W Continental Resources Inc SW SW SW SE Carter 08-02S-03W 89 Energy li Llc Grady 21-06N-06W Camino Natural Resources Grady Mils 4-16-24hw 24-07N-O5W Continental Resources Inc SW SW SW SE Carter 11-025-03W Continental Resources Inc Love 15-078-02E Xto Energy Inc Jackeon Wels 12 +LDINOW Foloum Exoraton Lic 82 SE NW NW Carter 11-028-03W Continental Resources inc Love 22-078-02E Xto Energy inc ‘jackson Wale tl {HOIN2OW Fuloum Exoraion Lc == CNWNENW Carter 12-028-03W Continental Resources inc Love 27-078-02E_ Xto Energy Inc Kingfisher Kingfisher Alan Alan 1609 1609 2h-13x 2h-t3x 24-1GN.09W Newfield 24-16N-09W Newield Expl Expl Mid Con inc Midon Inc SE SE SW SESE SW SW SW Gertsr Carter §— 15-02S.03W Continental Resouces 14-02S-03W Confinentat Resources Inc Inc fave Major SHOTS T2E Mo -—»-29-20N-14W no Enegy Exploration Comanche Co Kingfisher Aan 1609 2h-13x DA-16N.09W Newield Ex MidCon Inc SESE SW SW Carter 14-028-03W Continental Resources Inc McClain 30-8N-O4W Eg Resources Inc Kingfisher Alan 1609 4h-13x 24-1BN-O9W Newfield Expl Mid Con Inc SW SW SW SE Carter 23-028-03W Continental Resources inc McClain 31-8N-O4W og Resouroes Inc Kingfisher Alan 1609 4h-t3x D4-16N-09W Newfeld Expl Mid Con Inc. SW SW SW SE Carter 24-02S-03W Continental Resources Inc Stephens 27-01S-04W 89 Energy iLlc* Kingfisher Alan 1609 4h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SW SW SE Noble —03-22N-O1E Blake Production Company Kingfisher Alan 1609 5h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SE SW SE Noble 35-23N-01E _ Blake Production Company Kingisher Alan 1609 5h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SE SW SE INTENT DRILL Kingfisher Alan 1609 5h-13x 24-16N-09W Newfield Expl Mid Con Inc SW SE SW SE Kingisher Alan 1609 7h-13x 24-16N-O9W Newfield Expl Mid Con Inc SW SE SE SE “Section - j Kingfisher 24-16N-OSW Newfield Expl Mid Con Inc SW SE SE SE Kingisher 24A6N-QON Newied Expl Mid Con Inc SW SE SE SE County Well Name —Township- Operator Location Depth a in ir Sue gn Bey eons x reais 1 a ine eee ee Creek Ester Richards x 11 32-19NO7E. Welch Energy Lc CNWsWSW 3200 Okfuskee Timberwolf 1-24-13ch -»«13-0N-O9E Calyx Energy liiLic N2NE NE NE bale ae a— Z-HTN-OTW Chasapaate Operating Le UTS a se Nomen Oka et CNZNZ NZ ae 1680 Okfuskee Timberwolf -24-13ch_13-10N-O9E Calyx Energy li Lic N2 NE NE NE Kingisher Bovey 27-17-72 ‘Oklahoma Caracol 1404 09-08 2bh ~08-14N-04W Revolution Resources Lic. SW SE NE NW Ma Grewal 20-4 OPDINAAW poh OlCorea, —- SENENWSE. 7300 Oklahoma Pitsburg” Caracol 1404.09-103bh Bemis 3716h —10-14N-04W Revolution OSOIN18E Tinly Resources Operating Usg LicLlc NW NWSE SW NE NWNENE cof McClain Laubhan 0409 2h AN ripe! 09-08N-04W_Eog Resources mea. Inc S2SWSESE 19540 eee io TDINGE Mesa Eipioafon Caine NWINW SE NE MoClain —Laubhan 0409 3h (09-08N-04W Eog Resources Inc S2SESWSE 19570 Washi’ ReovesFams 129 20-1ON-1BW._Rluno Resources Company £2 NW NE NE McClain Laubhan 0409 4h (09-08N-04W Eog Resouroes Inc S2SWSWSE 19590 Washita Woe Reeves feo Famms120h -29-40N-18W BON: Kaiser Francis O1Co—-E2 Bee neanlie eeeNWNE NE MeGian Laubren Roger Mills Reagan 3330409 a 3-08N-04W 33-14N-21W E09 Resoures Presidio Ine Lic © S2SESESW Petroleum W2E2E2NE 19804 13100 ‘Woods TeA2-36r 36-29N-13W Trans Pacific Oil Comp N2S2 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 of oil 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-