July 26, 2016 archive

WTI Settles Below $43 a Barrel on Wednesday

While Brent crude managed to eek out a slight gain for the day, West Texas Intermediate settled below $43 a barrel on Tuesday as traders worried about an uptick in domestic drilling, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude fell by 21 cents, or 0.5%, to end …

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Will Laid Off Energy Workers Return?

A recent survey conducted by Evercore ISI showed that many laid off mechanics and roustabouts have found work in other industries and may not return to the oil and gas sector even if the industry recovers. That is potentially a large problem for energy companies desiring to ramp up production if oil prices continue to …

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Completion Reports July 27, 2016

HUGHES COUNTY Tilford Pinson Exploration Llc Booch(3025): Oil 19 Water 20 Pump 33 6N 9E Jo Ella 1-33, July 04, 2016 SH, OIL, TD: 3520 ft Lat: 34.94603, Long: -96.35537 API: 35063245800000 MCCLAIN COUNTY Eog Resources Inc 3 8N 4W Farr 3 1, November 13, 2015 SH, SVC, TD: 10230 ft Lat: 35.20039, Long: -97.61562 …

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Permits to Drill July 27, 2016

Canadian County WITTROCK 1406 #1-30MH, June 01 2016 30 14N 6W NENENENE API: 01724906 Lat: 35.66715580849748, Long: -97.87057823768382 PAYROCK ENERGY LLC HH, AM, 13778 ft, MISSISSIPPIAN(8444) Dewey County BIG HUNK #7-1H, July 26 2016 07 17N 15W NESWSESW API: 04323471 Lat: 35.95795372276166, Long: -98.84264124017334 CARRERA ENERGY LLC HH, DR, 15651 ft, MERAMEC(11100), OSAGE(11300)  

Oklahoma Oil and Gas Operator Files Chapter 11

Add Fort Worth, Texas based Atlas Resource Partners, L.P. to the list of those filing for bankruptcy amidst the energy downturn. The company says it will file a prepackaged Chapter 11 plan of reorganization to reduce its debt by nary $900 million and hand control of the firm over to its lenders. Atlas is accomplishing …

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Impact of Koch Industries is Felt in 50 States

Say what you want about the politics of the Koch brothers, but their Koch companies in 2015 directly employed nearly 60,000 people in 50 states and the District of Columbia. The Wichita, Kansas based company also paid compensation and benefits totaling more than $5.5 billion according to a recent study by the independent economic research firm Harrah …

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Texas Wind Company Expands Holdings with Purchase of Michigan Wind Farm

  Houston, Texas based Sempra U.S. Gas and Power has expanded its holdings with the purchase of the Apple Blossom wind project in Michigan. No sale price was announced but the purchase of the 100-MW wind farm was made from Geronimo Energy LLC. It’s the second Geronimo sale to Sempra. Construction on the wind farm …

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Is a Shutdown of Oil Refineries Looming?

As oil prices continue to slip into the lower $40 range, now there is concern that the situation could result in the shutdown of some oil refineries. As Bloomberg News reports, it could lead to a shortage of oil. When summer-time driving and gasoline demand drops in August and September, refiners in the past used it …

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Bartlesville Awaits More Possible Layoffs at ConocoPhillips Operations

Nine months after ConocoPhilips laid off 1,800 workers, including 170 at its Bartlesville, Oklahoma operation, the company has to cut another thousand workers from its payroll. But there’s no indication some of those losing their jobs are workers in Bartlesville, home to Phillips 66 before it merged with Conoco. The latest round of layoffs is …

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Clean and Green Energy Emphasized in Democratic Party Platform

With the national Democratic party convention underway this week in Philadelphia, the party’s national platform has been adopted, one focusing on the rights and needs of workers and an emphasis on green energy and environmentally friendly development. Two who helped draw up the platform were Charles Hoskins of Vinita and Alberta Swanegan-Owens of Oklahoma City. …

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