KF Minerals

Too much debt. This is a time in the industry where Wall Street is finally asking companies to operate as close to cashflow as possible. CHK unfortunately has too many liabilities on its balance sheet...

Things have slowed down dramatically here in Oklahoma. There are still pockets of value to be found but the production numbers, or lack thereof, are forcing companies to reposition and sometimes layoff their workforce. https://www.foxbusiness.com//halliburton-lays-off-800-in-o

Oklahoma Oil Tycoon, Harold Hamm, urging for US Operators to show more capital discipline. The shale boom has been great for some, but it has oversupplied the market and pushed the price down...

Morningstar, a Chicago based Investment Research Firm, is claiming that to keep the shale boom alive in places like Oklahoma, oil prices need to stay above $55...

Even with rigs falling there are still some good numbers coming out of Oklahoma... Four wells with production of nearly 3,400 barrels of oil a day off a single pad were reported by Newfield Exploration Mid-Con. Inc. The Ronnie 1610 wells were drilled in Blaine County at 34 16N 10W at a site approximately 10 miles east of Watonga. The largest of the four wells produced 1,018 barrels of oil a day along with 1,154 Mcf of natural gas. Spud dates for each of the four were in April... and May 2018 with completion made in January and February 2019. The three remaining wells had production of 851, 773 and 725 barrels of oil a day production. Their combined production totaled 3,367 barrels of oil a day. Devon Energy in Oklahoma City reported a Faith Marie 36_1-16n-12w 3hx well with production of 1,228 barrels of oil a day and 5,003 Mcf of gas. The well is located 5 miles north of Watonga. It also had a Chipmunk well 2 miles north of Watgona with production of 1,004 barrels of oil a day and 6,301 Mcf of natural gas. Devon also reported two wells on a single pad at 13 15N 10W or 13 miles southwest of Kingfisher. The two wells had combined oil production of 1,436 barrels a day. Oklahoma City-based Revolution Resources LC reported three wells off a single pad at 32 14N 4W or 6 miles east of Piedmont and their combined production was 1,693 barrels a day.