July 15, 2016 archive

Completion Reports July 18, 2016

GRADY COUNTY Continental Resources Inc Woodford(13198): Oil 480 Gas 1018 Water 3345 Flow 29 6N 5W R. K. Morris 1-29-17xh, May 25, 2016 HH, OIL, TD: 25068 ft Lat: 34.96705, Long: -97.75798 API: 35051240250000 KINGFISHER COUNTY Newfield Exploration Mid-con Inc Mississippian(ex Chester): Oil 415 Gas 1419 Water 1707 Flow 18 17N 7W Red Country 1h-19, …

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Permits to Drill July 18, 2016

Blaine County WYATT #1-14H, July 15 2016 32 13N 13W SWSESESW API: 01123627 Lat: 35.552349742705836, Long: -98.60742046132756 CONTINENTAL RESOURCES INC HH, DR, 26299 ft, WOODFORD(16050) Canadian County EVANS #1H-3526X, July 15 2016 35 14N 9W SWSWSESW API: 01724924 Lat: 35.63890711408775, Long: -98.1311206875884 CIMAREX ENERGY CO HH, DR, 21440 ft, MISSISSIPPI LIME(10715), WOODFORD(11280) Canadian County OPPEL …

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Nation’s Rig Count Grew by 7 while Oklahoma Remained Steady

The U.S. oil and gas rig count grew by 7 in the past week while the number of working rigs in Oklahoma remained at 59. The national count increased to 447 with six additional oil rigs and one gas rig. The U.S. oil rig count stands at 357 while the number of working gas rigs …

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Chesapeake Energy Records Three More Successful Wells in the STACK

Chesapeake Energy’s reporting some success in oil wells in the STACK in Kingfisher and Blaine Counties. Its largest well produced 1,224 barrels a day along with 2,564 Mcf of gas. The STARK well in Blaine county was spudded in mid-January with drilling finished at the end of January and completion made on May 19. The well’s …

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Rep. Russell’s Software Savings Bill Headed to White House

Congressman Steve Russell’s bill called the “Making Electronic Government Accountable by Yielding Tangible Efficiencies Act” was passed by the Senate and sent to the President’s desk. It’s a measure that Rep. Russell contends will save American taxpayers more than $4 billion a year. He and Pennsylvania Congressman Matt Cartwright (D) introduced the measure in June …

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New York AG Defies US House Subpoena Over Climate Change Probes

Claims of constitutional challenges are emanating from both Texas U.S. Rep. Lamar Smith and New York attorney General Eric Schneiderman in their fight over the efforts of some attorneys general to carry out their own investigation of Exxon Mobil and its climate change research. Schneiderman responded after Rep. Smith and the U.S. House Science, Space and Technology …

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Former Legislator Indicted Two Years After his Firing as CEO of Rural Electric Cooperative

Two years after former Rep. Terry J. Matlock was fired as CEO of Choctaw Electric Cooperative in southeast Oklahoma, he was indicted by a multi-county grand jury on charges of embezzlement. As OK Energy Today reported in September of 2015, Matlock came under investigation at the request of Gov. Mary Fallin. Matlock, a former Democrat …

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Judge Clears Way to Get Seventy Seven Energy Out of Bankruptcy

A month after it filed for Chapter 11 bankruptcy with $1.7 billion debt, Oklahoma City-based Seventy Seven Energy Inc. has won a judge’s permission for its reorganization plan. It virtually lets the company out of bankruptcy and also gives it access to $100 million in a new borrowing deal, according to the Wall Street Journal. …

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Crude Oil Futures Post Gains on Thursday as Analysts Predict Higher Settlements

With doubt cast aside, oil futures surged on Thursday to recoup almost half of Wednesday’s losses, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude jumped 93 cents, or 2.1%, to end trading at $45.68 a barrel. On London’s ICE Futures Exchange, September Brent crude gained $1.11, or 2.4%, …

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