August 8, 2016 archive

Completion Reports August 9, 2016

DEWEY COUNTY Tapstone Energy Llc Mississippian(10460): Oil 78 Gas 2584 Water 3562 Flow 27 19N 20W Salisbury 27-19-20 1h, July 07, 2016 HH, GAS, TD: 17838 ft Lat: 36.08726, Long: -99.32667 API: 35043234570000 GRADY COUNTY Citizen Energy Ii Llc Mississippian: Oil 544 Gas 1942 Water 1077 Flow 29 10N 5W Osborn 1h-19, November 14, 2015 …

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Permits to Drill August 9, 2016

Ellis County WORD #1-31H, August 08 2016 30 18N 24W SESWSWSW API: 04523621 Lat: 35.999307071910934, Long: -99.8082453996676 PPP PETROLEUM LP HH, DR, 14157 ft, CLEVELAND(9319) Jackson County CANAM #13, February 01 2016 13 1N 20W SENWNWSW API: 06520292 Lat: 34.55700428312255, Long: -99.2616278636004 FULCRUM EXPLORATION LLC SH, AM, 3400 ft, PERMIAN GRANITE WASH(810), CISCO(1500), CANYON(2040), STRAWN(2360), …

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Woodward’s Tri-State Oil and Gas Convention to Kick Off Thursday

The 5th annual Tri-State Oil and Gas Convention is close at hand in Woodward and even chairman Junior Long is surprised it is a sell-out, considering what’s happened to the oil and gas industry over the past year. “It does a little bit,” he admitted in an interview with OK Energy Today. “But the activity …

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DEQ Asking for Comments on Regional Haze 5-Year Plan

The Oklahoma Department of Environmental Quality (DEQ) hereby announces an opportunity to comment on and request a public hearing on the Regional Haze Five Year Progress Report, a State Implementation Plan (SIP) revision. The hearing, if one is requested, will be held on Tuesday, September 6, 2016 from 9:00 a.m. to 11:00 a.m. in the …

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EOG Reports 2nd Quarter Losses while Debt Reaches $7 billion

After second quarter earnings of $5.3 million in 2015, Houston-based EOG Resources Inc. reported a second quarter 2016 net loss of $292.8 million or $0.53 per share. It also said its total debt outstanding at the end of June was $7 billion. The company attributed the losses to lower commodity prices but said that in …

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Oklahoma Energy Firms in Forbes’ Top 10 List

At least three Oklahoma energy companies are considered to be in the top ten oil and gas firms in the U.S. following the most recent second quarter earnings reports, according to Forbes magazine. While ConocoPhillips, now based in Houston is ranked number one with a market capitalization of $54 billion, Oklahoma City-based EOG Resources Inc. …

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Chesapeake Energy Said to be Considering Sale of Barnett Shale Holdings

Reports are apparently growing that Oklahoma City-based Chesapeake Energy might be close to selling its holdings in the Barnett Shale, a sale that could amount to thousands of producing wells in Texas. Wood MacKenzie suggests such a sale could transact to $1.4 billion and the buyer might be a privately held company, Saddle Operating. As …

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Marathon’s $888 million Purchase Proved Right in STACK

More than a year after Marathon Oil’s Regional Vice President of Midcontinent Assets, Wade Hutchings said Oklahoma’s Woodford Shale play had yet to reach its potential, the company’s efforts are supporting his belief. Hutchings’ comments came at Hart Energy’s 2015 DUG Midcontinent conference. This month, Marathon wrapped up its $888 million¬†acquisition of what it called …

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Hillary BackPedals on Local Control over Fracking

Second thoughts about fracking and local control. It’s what the two Presidential candidates are having as Democratic nominee Hillary Clinton said she now supports a state Supreme Court ruling which prohibits local governments from banning the process. It comes after GOP nominee Donald Trump had told supporters he supports fracking but also believes local governments …

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WTI and Brent Crude Post Lower Settlements on Friday

Crude oil futures ended lower on Friday following a volatile week of trading in a bear market, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude lost 13 cents, or 0.3%, to settle at $41.80 a barrel. On the London ICE Futures Exchange, October Brent crude, …

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