May 18, 2016 archive

WTI, Brent Crude Post Loss on Wednesday

Crude oil futures stumbled on Wednesday, resulting in a turnabout by investors who were distracted by the possibility of an interest rate hike next month by the U.S. Federal Reserve, according to Bloomberg MarketWatch. June West Texas Intermediate crude slid 12 cents, or 0.3%, to end trading on the New York Mercantile Exchange at $48.19 …

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Completion Reports May 19, 2016

PITTSBURG COUNTY Bp America Production Company Woodford: Gas 1220 Flow 6 3N 12E Marchus 2-7/18h, April 04, 2016 HH, GAS, TD: 11495 ft Lat: 34.75420, Long: -96.08891 API: 35121247710000  

Permits to Drill May 19, 2016

Creek County LOWE #1A, May 18 2016 10 18N 9E NESWNWSW API: 03729340 Lat: 36.05155177311884, Long: -96.35038935425852 AOG OPERATING LLC SH, DR, 3700 ft, SKINNER(2000), RED FORK(2200), BARTLESVILLE(2400), BURGESS(2500), MISSISSIPPI(2550), WOODFORD(2900), VIOLA(2920), SIMPSON DOLOMITE(2950), WILCOX(3000) Dewey County DEBORAH LYNNE #1H-6, May 18 2016 06 19N 15W SWSWSESE API: 04323460 Lat: 36.14489010495269, Long: -98.83546230400519 NEWFIELD EXPLORATION …

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Samson Resources Files Amended Chapter 11 Bankruptcy….saying It Allows for a New Start

Continuing low natural gas prices forced Tulsa-based Samson Resources Corp. to file an amendment to the Chapter 11 bankruptcy plan it filed last fall. Company management says the new plan will allow the firm to operate on a go-forward basis with significantly less long-term debt and lower annual interest payments. The company blamed the decline …

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3,300 Barrels-a-day Well Hit by Continental Resources in Blaine County

Oklahoma City-based Continental Resources, Inc. says it has struck a huge well in Blaine County, one producing more than 3,300 barrels of oil equivalent a day. Drilled in the STACK, the well is an industry record well, according to the announcement by Continental Resources. The Verona well flowed at an initial 24-hour test rate of …

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Clean Power Plan Fight to be Heard in September by D.C. Court of Appeals

The U.S. Court of Appeals for the D.C. Circuit has decided the full panel of active circuit judges will hear the case of the Clean Power Plant as challenged by Oklahoma and a few dozen other states. The hearing was postponed until Sept. 27, a move considered unusual. The Washington Post indicated the decision by …

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Report Claims Legislators are Protecting Oil and Gas from Tax Hikes

While legislators shout and bicker over where to raise new revenue to offset a $1.3 billion budget hole, their actions to protect the oil and gas industry from taking a hit are being noticed by others. A report by Reuters paints the picture of legislators protecting the industry from being hurt by reduced tax credits …

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University of Texas Researchers Blame Oil and Gas Industry on Increased Earthquakes in Lone Star State

University of Texas researchers now are making the claim that nearly 90 percent of the earthquakes in Texas in the past ten years have been caused by oil and gas activities. Geoscientist Cliff Frohlich at the University of Texas-Austin is one of them and believes nearly nine in 10 of the quakes were directly the …

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Texas Wind Company Proposes Floating Wind Farms Off Coast of Hawaii

A Texas wind energy company is one of those proposing the idea of floating wind turbines off the shores of Hawaii to bring more renewable energy to the state. A.W. Hawaii Wind is a Texas subsidiary of Denmark-based Alpha Wind Energy and wants to build two offshore floating wind farms, each generating about 400 megawatts …

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More Duncan Residents Sue Halliburton Over Old Rocket Motor Cleaning Operation

While 80 more Duncan residents signed onto a federal lawsuit against Halliburton Energy Services because of groundwater contamination dating back to the 1960s, a federal judge in Oklahoma City has refused to limit the testimony of a company hydrology expert at the approaching trial. U.S. District judge Vicki Miles-LaGrange issued her ruling this week as …

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