Crude oil futures rebounded on Tuesday after a report suggested that Iran was willing to work with OPEC to support market stabilization, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude added 69 cents, or 1.5%, to settle at $48.10 a barrel after falling under $47 a barrel. On …
August 23, 2016 archive
Gasoline Prices Rising in Oklahoma
Oklahoma’s gasoline prices are on the rise again. Oklahoma’s statewide average of $2.065 per gallon has risen 14 cents since August 1. The national gas price average is $2.164 per gallon, according to the latest Fuel Gauge Report issued by AAA Oklahoma. “A quartet of factors is at work here: the U.S. dollar is weakening, …
SandRidge Objects to Ad Hoc Committee’s Motions to Slow Bankruptcy Confirmation
SandRidge Energy, Inc. has filed an objection to an August 19 emergency motion filed by a stockholder ad hoc committee to extend deadlines for its expert report and objection to the energy company’s bankruptcy confirmation. Oklahoma City-based SandRidge filed for Chapter 11 bankruptcy on May 16 in the Southern District of Texas. The company listed …
WTI, Brent Fall Due to Overproduction, Fears of Market Expansion
Oil futures settled with a drop of 3% on Monday as investors cashed in on a seven-session streak of gains, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude fell $1.47, or 3%, to settle at $47.05 a barrel. That was the largest one-day dollar and percentage decline since …
Completion Reports August 23, 2016
CARTER COUNTY Xto Energy Inc Hewitt: Oil 24 Water 275 Pump 22 4S 2W Hewitt Unit 22-3401, July 21, 2016 SH, OIL, TD: 2481 ft Lat: 34.19363, Long: -97.39062 API: 35019204210003 HARPER COUNTY Orca Operating Company Llc Morrow(6255): Gas 69 Water 1261 Pump 25 26N 20W Jobyna 25-1, August 02, 2016 SH, GAS, TD: 6700 …
Permits to Drill August 23, 2016
Kingfisher County MAD HATTER 1506 #2-34MH, August 19 2016 34 15N 6W NWNENWNW API: 07325364 Lat: 35.73985805361101, Long: -97.8313503526201 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, 12968 ft, MISSISSIPPIAN(7963) Seminole County FISHER #1-26, August 22 2016 26 7N 5E CNWSESW API: 13325233 Lat: 35.04578660283946, Long: -96.75249076928982 GULF EXPLORATION LLC SH, DR, 3400 ft, WEWOKA(1650), CALVIN(2400), SENORA(2880), …
