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Oklahoma oil prices and drilling report for Feb. 6, 2021 - Vimarsana News

Oklahoma oil prices and drilling report for Feb. 6, 2021

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.88 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $53.25 Oklahoma Sour: Sunoco Inc. — $41.25 Oklahoma oil and gas drilling activity posted Jan. 20: COMPLETION No postings. INTENT TO DRILL Kay: Grace 7 Operating LLC; GFB No. 1 Well; NE1/4 SW1/4 SW1/4 NE1/4 of 22-28N-02E; TD 3,800. SNR Northern Oklahoma Operating LLC; Griffith No. 2-15 Well; SE11/4 NW11/4 SW11/4 SW11/4 of 15-25N-02W; TD 4,003. Muskogee: Oklahoma Crude Inc.; Cole No. 2-7 Well; S1/2 SW1/4 SE1/4 SE1/4 of 02-15N-15E; TD 1,...

Sunoco stuck with $155 mln judgment for late royalty payments in Oklahoma - Vimarsana News

Sunoco stuck with $155 mln judgment for late royalty payments in Oklahoma

1 Min Read A judge in Oklahoma federal court rejected on Wednesday Sunoco, Inc (R&M)’s bid to cancel or alter a $155 million judgment against it for bypassing obligatory interest while paying royalty owners late. U.S. District Judge John Gibney denied the energy company’s effort to obtain a new trial or a reduced judgment in the class action by 53,000 royalty owners in the state, rejecting the company’s claim that its due process had been violated and that the $75 million it must pay in punitive damage is excessive. To read the full story on Westlaw Today, click here: bit.ly/3mbrlgZ