July 13, 2016 archive

WTI, Brent Fall Sharply on Wednesday Upon News of Gasoline Surplus Spike

Oil futures retreated on Wednesday, reversing Tuesday’s gains following the release of a government report indicating a significant increase in gasoline reserves, according to a Bloomberg MarketWatch report. On the New York Mercantile Exchange, August West Texas Intermediate crude dropped $2.05, or 4.4%, to settle at $44.75 a barrel. September Brent crude, the global benchmark, …

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Completion Reports July 14, 2016

BLAINE COUNTY Continental Resources Inc 24 16N 11W Bernhardt 3-13h, June 01, 2016 SH, DRY, TD: 667 ft Lat: 35.85406, Long: -98.31871 API: 35011236050000  

Permits to Drill July 14, 2016

Blaine County SCOTT 24_13-16N-10W #1HX, July 13 2016 24 16N 10W SWSWSWNW API: 01123624 Lat: 35.84880805873691, Long: -98.22390607952335 DEVON ENERGY PRODUCTION CO LP HH, DR, 17255 ft, MISSISSIPPIAN(8758), WOODFORD(10129), HUNTON(10211) Blaine County HOSKINS 5-19-12 #1H, July 13 2016 05 19N 12W SESESWSE API: 01123625 Lat: 36.14476362344831, Long: -98.4998770218439 CHESAPEAKE OPERATING LLC HH, DR, 13750 ft, …

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Boeing to Dedicate New $80 million Plant Next to Tinker Air Force Base

A year after breaking ground, Boeing’s getting ready for a ceremonial ribbon cutting at its new $80,000,000 facility in Oklahoma City.  Governor Mary Fallin will help take part in Friday morning’s event dedicating Boeing’s new engineering, research and development lab. Building 84-301 is located at 6811 SE 59th street and the ceremony will begin at …

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House Rushes to Finish $32 billion EPA Spending Bill

It was a late Tuesday night for U.S. Representatives as they worked on the $32 billion Interior-EPA spending bill. Forty-five amendments were handled by the time the gavel was sounded, according to a report from Politico’s Morning Energy Report. One item that did pass was a move to clamp down on monitoring water quality in …

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How a Businessman Man Conned U.S. Out of Millions in a Phony Biodiesel Operation

How did a Guatamalen-born businessman swindle the U.S. out of millions of dollars under a government program aimed at increasing the production of biodiesel fuel? Bloomberg reports how Philip Rivkin, founder of a phony company named Green Diesel was able to do it, and now sits in a U.S. prison in Texas where he’s serving …

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US Supply of Ethanol Slips While Production Increases

Stocks of ethanol in the U.S. fell by 2 percent over the past week, according to a report from the U.S. Energy Information Administration. Production averaged 1.004 million barrels a day in the past week which translates into 42.17 million gallons daily. That’s an increase of 20,000 barrels a day in production from the previous …

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Trump Endorsed by American Energy Alliance

The American-Energy Alliance is doing a first—its first ever endorsement of a political candidate. It’s endorsing Donald Trump, the presumptive Republican presidential nominee. The AEA is the advocacy arm of the conservative Institute for Energy Research and proclaimed that if Trump were to win the White House he would undo President Obama’s policies that have …

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Devon Nears Sale of Its Stake in Canada’s Access Pipeline

Oklahoma City’s Devon Energy’s close to selling its 50 percent stake in the Access Pipeline in Western Canada according to a report by Bloomberg. Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board is about to complete the deal that could be worth as much as $1.2 billion …

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Experts Gather to Study Weather Drones

Dozens of representatives from Oklahoma State University and three other universities taking part in a $6 million dollar study of drones and their use in weather research met recently in Stillwater. About 65 faculty and students are working under a $6 million federal government grant to develop unmanned aerial systems for weather research. The program …

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