August 1, 2016 archive

Seventy Seven Energy Converts Debt, Exits Bankruptcy

Seventy Seven Energy Inc. announced on Monday that it has emerged from Chapter 11 bankruptcy protection after successfully completing its prepackaged restructuring and recapitalization efforts, according to a company press release. The Oklahoma City-based company filed for Chapter 11 reorganization in the United States Bankruptcy Court for the District of Delaware on July 14, 2016. …

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Oil Futures Fall to Bear Market on Monday

The bears clawed their way to the top of an unstable oil futures market as both West Texas Intermediate and Brent crude fell sharply on Monday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September WTI crude dropped $1.54, or 3.7%, to end at a three-month low of $40.06 a barrel, allowing the …

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Completion Reports August 2, 2016

ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian(5500): Oil 153 Gas 1407 Water 3151 Pump 28 28N 11W Morgan Trust 2811 1-28h, June 23, 2016 HH, OIL, TD: 11457 ft Lat: 36.87058, Long: -98.38606 API: 35003232540000 GARVIN COUNTY Charter Oak Production Co Llc 1 4N 3W May West 1-1, January 05, 2016 SH, PLUG, TD: …

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Permits to Drill August 2, 2016

Canadian County GANDY DANCER 3-13N-8W #1H, July 12 2016 10 13N 8W SENENENE API: 01724918 Lat: 35.623011246798605, Long: -98.03133928574957 DEVON ENERGY PRODUCTION CO LP HH, AM, 15637 ft, MISS (CHESTER)(9251), MISSISSIPPI LIME(10031) Kingfisher County GRELLNER #1606 1-25MH, July 29 2016 36 16N 6W NWNENENW API: 07325346 Lat: 35.82695652480736, Long: -97.79142677700295 MARATHON OIL COMPANY HH, DR, …

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Williams Subsidiary Fined $1.6 million over Deadly Louisiana Plant Blast

A Williams Companies subsidiary is facing a $1.6 million fine over the October, 2015 blast that killed four workers at its Louisiana operation. The fine against Transcontinental Pipeline¬†was proposed July 29 by the Pipeline and Hazardous Materials Safety Administration and accused the firm of failing to include relevant facts when notifying the National Response Center …

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Texas Joins North Dakota in Suing EPA over New Methane Gas Emission Rules

The State of Texas has joined North Dakota in filing suit against the Environmental Protection Agency in a challenge of new methane emission rules for the oil and gas industry. In a filing with the D.C. Circuit Court of Appeals, Case #16-1257, Texas Attorney General Ken Paxton asked for a review of the EPA’s final …

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State’s Tax Credit Review Commission Meets Wednesday at State Capitol

The special state commission tasked with reviewing the dozens of tax credit programs including those involving wind and oil and gas energy¬†in the state meets again this week. The Incentive Evaluation Commission chaired by Lyle Roggow will meet Wednesday at 2 p.m. in Room 419-C of the Stat Capitol building. The agenda shows there will …

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Big Electric Purchase Made in Texas

A deal worth $18.4 billion—it’s the purchase of the financially troubled Energy Future in Texas and its take in Oncor Electricity. Power producer NextEra Energy is making the purchase in a move that will allow Energy Future to emerge from the Chapter 11 bankruptcy it filed in Delaware bankruptcy court. Energy Future is the largest …

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Unmanned Systems Alliance Summit to be Held in Norman

The 2016 Unmanned Systems Alliance of Oklahoma summit is set to be held August 8 in Norman. The summit and networking event will include a presentation and panel discussing and exploring the new issues of aviation law and regulations, privacy and security concerns and the federal preemption and state authority over unmanned aerial systems or …

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Survey Shows Oklahoma’s Economic Slump is Growing

The latest Mid-American Business Conditions Index released by Creighton University economist Ernie Goss shows his concern for what’s happened to the economy in Oklahoma and several other mid-western states. Figures from his survey of supply managers in Oklahoma and 8 other states dropped again, suggesting either slow or no growth in their economies. His Index …

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