Cover brief for The Oklahoman Business section on Feb. 8, 2020
Oklahoma rig count declines by three
Baker Hughes reported Friday that the number of rigs drilling for oil and natural gas fell by three in Oklahoma this week, while the national count remains unchanged. Oklahoma's count this week is 50, down 70 from 120 a year ago.
Nationwide, the active rig count remains at 790, down 259 from 1,049 one year ago. The count for rigs drilling for oil increased by one, to 676. The number of rigs searching for natural gas declined from 112 to 111. The number of miscellaneous rigs operating this week is three.
The number of rigs working in the Cana Woodford declined by one week-over-week, to 18. The most active basins this week, Baker Hughes said, are the Permian in west Texas and southeast New Mexico at 405, the south Texas Eagle Ford at 70, the Williston at 53, the Haynesville at 41 and the Marcellus at 39.
Watkins-Conti Products Inc. secures $1.4M funding
Watkins-Conti Products Inc., the creator of Yōni.Fit, has raised a $1.4 million minority growth investment, led by members of the Victorum Capital Club.
Yōni.Fit is a self-administered medical device that provides women with a nonsurgical solution to reduce and/or eliminate involuntary bladder leakage. This investment brings Watkins-Conti Products’ total funding since launching to $3.5 million. The company will use the proceeds from the investment to complete its Phase 2 clinical trial and to secure FDA approval for over-the-counter sales, officials said.
“We are thrilled to have local support from Victorum Capital Club as well as prominent physicians that specialize in women’s health,” CEO Allison Watkins-Conti said. “As a single mother and female founder, I am truly honored to have so much support from our investors, especially fellow Oklahomans.”