Seventy Seven Energy Inc. missed analyst expectations on Monday and reported a first-quarter net loss of $59.6 million, or $1.09 a share, as reported by Adam Wilmoth of The Oklahoman. The Oklahoma City-based oil field services company’s first-quarter earnings were down from a net loss of $37.6 million, or 78 cents a share from a …
April 25, 2016 archive
Crude Oil Futures End Lower Monday Amid Signs of Rising Production
Oil futures settled lower on Monday, pulling back after a strong rally last week, on signs of rising global production. Kuwait’s crude production is recovering after its recent workers’ strike and output from Iraq has been climbing. Saudi Arabia will reportedly complete its expansion of a major oilfield next month. The country also announced an …
Completion Reports April 26, 2016
ALFALFA COUNTY Eagle Exploration Production Llc Mississippi Lime: Oil 346 Gas 2853 Water 161 Flow 8 27N 10W Wessels 2710 8-4hm, August 02, 2015 HH, OIL, TD: 10236 ft Lat: 36.83990, Long: -98.29548 API: 35003231160000 Eagle Exploration Production Llc Mississippi Lime: Oil 436 Gas 1170 Water 743 Flow 1 27N 11W Fellers 2711 1-3hm, July …
Permits to Drill April 26, 2016
Blaine County CASTONGUAY 14-16-10 #1H, April 25 2016 14 16N 10W NWNWNWNW API: 01123600 Lat: 35.869395093653154, Long: -98.2417615826813 CHESAPEAKE OPERATING LLC HH, DR, 20200 ft, MISSISSIPPIAN(8738), WOODFORD(10120) Carter County HOOKS #1, April 25 2016 01 1S 3W NENENWSW API: 01926217 Lat: 34.49938621806942, Long: -97.4708338661791 DEHART COMPANY (THE) SH, DR, 1800 ft, HOXBAR(800), DEESE(950) Carter County …
Trump Lands Endorsement of Oklahoma Oil Billionaire Harold Hamm
Oklahoma oilman Harold Hamm has come down on the side of Donald Trump in the race for the White House. The founder of Continental Resources said Trump’s the kind of man with the “fortitude to make tough decisions.” and is “a business leader’s candidate.” Hamm, the 2012 energy adviser to GOP Presidential candidate Mitt Romney …
Busy Week for U.S. House Energy and Commerce Committee
Oklahoma Congressman Markwayne Mullin and other members of the U.S. House Energy and Commerce Committee meet Tuesday to vote on reauthorization of the Pipeline and Hazardous Materials Safety Administration. The measure would also direct the Administration to increase transparency and accountability and finish long overdue regulations. It is among numerous bills to be marked up …
Oklahoma and other States Move Ahead in Challenge to New EPA Ozone Standards
The legal battle is underway between Oklahoma and other states that filed a legal challenge months ago to the Environmental Protection Agency’s proposed new ozone standard, one that was released last fall. More filings were made late last week in federal court with Oklahoma and other critics contending the 70 parts per bill is too low and …
Corporation Commission to Hold Thursday Hearing into $500 million OGE Scrubber Plan
Oklahoma Corporation Commissioners will hold deliberations Thursday in the third try by Oklahoma Gas and Electric to win approval for the installation of $500 million in scrubbers to the utility’s Sooner coal plant. It’s a move that has been denied twice previously by the commission, but if approved this time, would eventually lead to higher …
OERB’s Well Site Safety Day at the Capitol
The Oklahoma Energy Resources Board’s annual Well Site Safety day will be Tuesday as children from across the state are educated about the dangers of playing around oil and gas wells. The day will begin with a poster parade and a legislator meet and greet at the State Capitol at 10 a.m. OERB will also …
Bill Controlling Drone Flights in Oklahoma Still Alive in the Legislature
A Drone bill is closer to being sent to Governor Mary Fallin for signature into law. House Bill 2599, authored by Sen. Ron Sharp would restrict flights of unmanned aircraft over “critical infrastructure” less than 400 feet above ground or past their fence lines. The Senate passed the measure last week and returned it to …
- 1
- 2