May 10, 2016 archive

Oil Futures Rebound on Tuesday as EIA Projects $50 a Barrel in 2017

Recovering from Monday’s stumble and buoyed by new government data anticipating a rise to $50 a barrel by next year, oil futures turned the corner on Tuesday to recoup recent losses, according to Bloomberg MarketWatch. June West Texas Intermediate crude on the New York Mercantile Exchange rose $1.22, or 2.8%, to end trade at $44.66 …

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Completion Reports May 11, 2016

COAL COUNTY Bravo Arkoma Llc Woodford(8646): Gas 4585 Water 1383 Flow 11 1N 10E Spears 5-11h, November 17, 2015 HH, GAS, TD: 13990 ft Lat: 34.57779, Long: -96.22138 API: 35029213080000 DEWEY COUNTY Carrera Energy Llc 13 19N 15W Fonda (Walters Unit 1-13) 1-13 Swd, January 08, 2016 SH, COMM, TD: 9100 ft Lat: 36.11956, Long: …

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Permits to Drill May 11, 2016

Blaine County CASTONGUAY 14-16-10 #2H, May 10 2016 14 16N 10W NWNWNWNW API: 01123602 Lat: 35.869395093165814, Long: -98.24169408330327 CHESAPEAKE OPERATING LLC HH, DR, 20400 ft, MISSISSIPPIAN(8738), WOODFORD(10120) Canadian County SCHROEDER 14 07 #2-17MH, May 10 2016 20 14N 7W NWNENENW API: 01724902 Lat: 35.68169459869459, Long: -97.96964689778915 PAYROCK ENERGY LLC HH, DR, 14311 ft, MISSISSIPPIAN(8894) Dewey …

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Chaparral Energy is Latest Oklahoma Energy Firm to File Chapter 11 Bankruptcy

Oklahoma City-based Chaparral Energy has become the latest Oklahoma oil and gas producer to file Chapter 11 bankruptcy. The firm filed Monday in the U.S. Bankruptcy Court of Delaware. “This action will facilitate the restructuring of our balance sheet as we continue to work through negotiations of a debt to equity exchange with our bondholders …

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USGS Studies Show Water Contamination from Wastewater Disposal Site

  The U.S. Geological Survey has released studies that for the first time show water-quality impacts directly due to what it called an unconventional oil and gas wastewater deep well injection disposal site. Two recent studies were conducted by the U.S. Geological Survey, the University of Missouri and Duke University. They indicated the presence of …

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EPA Director Says Her Agency Will Prevail in Clean Power Plan Fight

  While Oklahoma and dozens of other states are fighting the Environmental Protection Agency over its war against coal-fired electric-generating power plants, EPA Director Gina McCarthy is professing the legal fight will not delay the country’s accelerating shift to cleaner sources of energy. The Associated Press reports it’s what McCarthy said over the weekend at …

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One Oil Leader Says it’s Time Industry Surrendered All Tax Credits to Help the State

Oklahoma oilman Mike Cantrell is surprising some energy leaders with a call for them to support an end to tax credits for the state’s oil and gas industry. “The state of Oklahoma is in dire financial straits, in large part because the states oil and gas industry is in a depression, due to low prices,” …

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Key Energy Reports Losses

Houston-based Key Energy, a firm that’s expanded its holdings over the years by making acquisitions of a handful of Oklahoma energy operations reported first quarter loss of nearly $82 million. The company said the loss translated to $0.51 per share, despite consolidated revenues of $111.1 million. The fourth quarter 2015 consolidated revenues had totaled $150.2 …

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EDF Energies Expands Operations to Off-Shore French Wind Farms

Paris-based EDF Energies, the company that is providing electrical power to Google from its northwest Oklahoma wind farm has just announced a new partnership agreement with Enbridge Inc. to operate three French offshore wind farms totaling 1,400 MW of installed capacity. Through the agreement, Enbridge acquires a 50 percent stake in Eolien Maritime France, the …

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Tallgrass Energy Expands Pipeline Holdings

    Leawood, Kansas based Tallgrass Energy Partners, LP has closed on its purchase of a 25 percent membership interest in the Rockies Express Pipeline LLC from a unit of Sempra U.S. Gas and Power. It was a $440 million deal involving both TallGrass Energy Partners LP and Tallgrass Energy GP. The Rockies Express Pipeline …

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