September 8, 2016 archive

Massive Decline in Crude Oil Supplies Leads to Big Gain for WTI, Brent Crude on Thursday

Oil futures soared on Thursday after U.S. government data revealed the largest drop in crude supplies since 1999, according to Bloomberg MarketWatch. The 14.5 million-barrel decline reported by the Energy Information Administration was even larger than the surprise 12.1-million barrel drop reported by the American Petroleum Institute late Wednesday. Ahead of both reports, analysts polled by S&P Global …

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Enterprise Products Withdraws Proposals for Williams Merger

Houston-based Enterprise Products Partners announced Wednesday that it is no longer interested in pursuing a merger with Tulsa-based Williams Companies. Enterprise Products cited “recent news leaks, movements in the price of the partnership’s common units as well as questions from investors” as the reason behind the company’s withdrawal of its non-binding proposals to merge with …

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Completion Reports September 9, 2016

GARVIN COUNTY Cimarex Energy Co Of Colorado 18 1N 2W Howard D (Se Bradley Sand Unit W-20) 2, May 04, 2016 DH, TA, TD: 12285 ft Lat: 34.55647, Long: -97.44149 API: 35049010160005 Cimarex Energy Co Of Colorado 17 1N 2W L C Howard A (South Eola Bromide Sand Unit 14) 1, May 16, 2016 SH, …

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Permits to Drill September 9, 2016

Dewey County RUSSELL 17-19-17 #1H, September 08 2016 20 19N 17W W2NENENW API: 04323477 Lat: 36.11447867649235, Long: -99.03649569454326 TAPSTONE ENERGY LLC HH, DR, 17000 ft, MISSISSIPPIAN(11650) Grady County DESKINS #1H-7X, September 08 2016 19 8N 5W S2N2NENE API: 05124065 Lat: 35.15872143747221, Long: -97.76089673536157 NEWFIELD EXPLORATION MID-CON INC HH, DR, 21541 ft, MISSISSIPPIAN(10765), WOODFORD(10946), HUNTON(11046) Kingfisher …

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Spectra Energy to Merge With Enbridge in $28 Billion Deal

Canada’s Enbridge, Inc. announced Tuesday it is acquiring Houston-based Spectra Energy Corp. in a stock-for-stock merger transaction valued at nearly $28 billion. The deal will create the largest energy infrastructure company in North America. “Over the last two years, we’ve been focused on identifying opportunities that would extend and diversify our asset base and sources …

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Williams Announces Corporate Realignment

Tulsa’s Williams Companies announced Wednesday that it is implementing organizational changes to simplify its corporate structure and further advance its natural gas-focused strategy. By early 2017, Williams will consolidate the number of company operating areas from five to three. They include Atlantic-Gulf, West and Northeast Gathering & Processing. The Atlantic-Gulf operations will remain under the leadership …

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Senators Accuse EPA Director of Failing to Keep Transparency Commitments

Oklahoma U.S. Sen. Jim Inhofe and 10 Republicans who sit on the Senate Environment and Public Works Committee he chairs want EPA director Gina McCarthy to turn over information about EPA litigation and regulatory actions planned for the remainder of the Obama Administration. In a letter sent Wednesday, the Senators charged the EPA with “exposing …

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BNSF Railway fights Sierra Club over ‘Coal Dust’ Lawsuit

The Burlington Northern Santa Fe Railway Company is fighting a Sierra Club lawsuit in Washington State, calling the suit a “logically meritless” challenge. BNSF, the railway that rolls throughout Oklahoma carrying Wyoming coal to electric-generating plants responded this week to the late July lawsuit in which the Sierra Club claimed coal dust regularly flies off trains …

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EPA Puts Gold King Mine to Superfund List

The abandoned Colorado gold mine that contaminated rivers in three states and drew the attention of Oklahoma U.S. Sen. Jim Inhofe is now on the Superfund list of the Environmental Protection Agency. The announcement was made this week by the EPA, the very agency blamed for causing the environmental disaster last year near Durango, Colorado. …

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Apache Oil Claims Discovery of Massive New Oil Field in West Texas

The oil and gas world is abuzz over this week’s announcement of a massive oil find in the Davis Mountains of West Texas by Houston-based Apache Corporation. Apache calls it the Alpine High discovery that could contain three billion barrels of oil and 75 trillion cubic feet of gas. “Today’s announcement is the culmination of …

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