Linn Energy, LLC and LinnCo, LLC announced that the companies received a delisting notification from NASDAQ on Monday. According to a press release, Linn Energy and LinnCo securities will be suspended prior to the open of the stock market on Tuesday, May 24, 2016, effectively removing the companies’ securities from listing and registration. Linn Energy …
May 23, 2016 archive
WTI, Brent and Natural Gas End Lower on Monday
Supply and demand continues to perplex the energy industry as crude oil futures slid lower on Monday, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell by 33 cents, or 0.7%, to end trading on the New York Mercantile Exchange at $48.08 a barrel. On London’s ICE Futures Exchange, July Brent crude, the …
Completion Reports May 24, 2016
ALFALFA COUNTY Chesapeake Operating Llc 26 26N 11W Arlene 26-26-11 1h, May 02, 2016 HH, TA, TD: 10485 ft Lat: 36.70945, Long: -98.34888 API: 35003231850000 Chesapeake Operating Llc 8 27N 11W Jasmine 8-27-11 2h, May 03, 2016 HH, TA, TD: 9818 ft Lat: 36.84017, Long: -98.40866 API: 35003231900000 DEWEY COUNTY Jma Energy Company Llc Cleveland(9056): …
Permits to Drill May 24, 2016
Alfalfa County KASSIK 21-25-12 #1H, May 23 2016 16 25N 12W SWSWSESW API: 00323255 Lat: 36.63841682437025, Long: -98.4992198799975 CHESAPEAKE OPERATING LLC HH, DR, 11200 ft, MISSISSIPPIAN(5978) Blaine County SHERRY LANELLE FEDERAL #1-31-30XH, May 23 2016 31 16N 11W S2SESWSE API: 01123607 Lat: 35.81284438736663, Long: -98.40759474755335 CONTINENTAL RESOURCES INC HH, DR, 21224 ft, MISSISSIPPIAN(10944), WOODFORD(11714) Carter …
Gasoline Prices Jump in Oklahoma to hit New Average of $2.08 a gallon
Oklahoma’s gasoline prices jumped nearly 8 cents in the past week, reaching a new average of $2.08 a gallon, according to the latest report from AAA Oklahoma. A week ago, the average was $2 a gallon. Nationally, the gas prices are at their highest point for the year, just days away from the start …
Group Plans LPG Fracking to Get around New York’s Fracking Ban
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …
Tapstone’s Tom Ward Says $75 oil is Needed for Major Jump in Oil Production
Oklahoma City based-Tapstone Energy chairman Tom Ward says if the nation is ever going to see any major increase in oil exploration and production, prices will have to hit $75 a barrel. Not $50. It’s what Ward told CNBC’s “Squawk Box” in a recent appearance, stating, “In our business, the dirty little secret is you …
Oklahoma’s Job Rate Grows—So does Government Employment
Oklahoma’s employment number sagged more causing the state’s unemployment rate to increase by a tenth of a percentage point to reach 4.5 percent, according to recent numbers released by the Oklahoma Employment Security Commission. The movement upward represented the fourth straight month of increases while the 4.5 percent rate was also two-tenths of a point …
Downturn Claims Another Bakken Oil Firm
While the oil boom continues falling apart in North Dakota, it has claimed the venture capital firm, Intervention Energy, which filed for Chapter 11 bankruptcy in recent days. The firm, one of the largest companies focused on developing the Bakken and three forks areas in the Williston Basin, listed more than $140 million in debt …
Gas Firm Appeals 10th Circuit Court Judge’s Antitrust Ruling
A natural gas company isn’t ready to give up its antitrust claims against two Texas companies even after 10th U.S. Circuit court Judge Richard Matsch in Denver, Colorado ruled against it last year. Buccaneer Energy, a Nevada Corporation is appealing the judge’s ruling that show down its antitrust lawsuit filed in 2012 against SG Interest, …
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