January 20, 2016 archive

WTI Sinks Below $27 a Barrel Mark on Wednesday

Oil continues its slide as glut worries persist on Wednesday. On its final day as the front month contract on the New York Mercantile Exchange, February West Texas Intermediate crude lost $1.91 to settle at $26.55 a barrel. The March WTI contract will …

Continue reading »

Oklahoma Paying the Lowest Prices at the Pump

Oklahoma drivers are paying the lowest gasoline prices in the country according to AAA-Oklahoma. The statewide average is $1.576 a gallon. Missouri is the next lowest at $1.60.
“Crude oil’s in a free fall amid plentiful supplies, increased exports fro…

Continue reading »

Google to Buy Power From Future Beaver County Wind Farm

Beaver County will play home to a wind farm which helps powers Google. Renewable Energy Systems (RES) announced Wednesday it had sole the Bluestem Wind Project to Exelon Generation.
RES developed the project and is the contractor for its engineering, …

Continue reading »

Blueknight Energy Partners Declares Distribution

Blueknight Energy Partners announced Wednesday that its Board of Directors declared a quarterly cash distribution of .1450 cents per common unit. It is an increase of 6.2 percent over the fourth quarter 2014 distribution.
The Board also declared a dis…

Continue reading »

Completion Reports January 21 2016

00118_Completion_Reports_January_21_2016.htm
   

Continue reading »

Permits to Drill January 21 2015

00117_Permits_to_Drill_January_21_2016.htm
   

Continue reading »

Devon Energy to Start Layoffs Amidst Downturn in Prices

Devon Energy has become another major energy company in Oklahoma to blink in the midst of the oil price downturn. The Oklahoma City based company confirmed Wednesday it is preparing to make layoffs over the next few months, calling it a “necessary part…

Continue reading »

SandRidge Agrees to New Reduction of Injection Wells in Northern Oklahoma

The Oklahoma Corporation Commission announced Wednesday that SandRidge Energy has agreed to a plan to reduce the volume of wastewater being injected in the Medford and Cherokee/Byron areas and convert some wells from disposal to research operations. Th…

Continue reading »

Chesapeake Settles More Lawsuits over Texas Leases

Oklahoma City-based Chesapeake Energy has started settling some of the so-called “high value” lawsuits filed against it in Texas where it was accused of miscalculating millions of dollars in royalty payments from gas wells on their property, according …

Continue reading »

More Hedges for WPX Energy in Wake of Falling OIl Prices

The sliding oil prices have prompted Tulsa-based WPX Energy to take protective steps this week as it announced Wednesday it has added more hedges to protect cash flows and repurchased a portion of notes that are due in early 2017. The company said near…

Continue reading »