October 10, 2016 archive

Crude Oil Futures Soar to Highest Finish Since 2015 on Monday

Crude oil futures surged on Monday, posting their best settlements in more than a year as favorable comments from Saudi Arabia‚Äôs energy minister and Russian President Vladimir Putin appeared to set the stage for ensuring a production cap in the near future, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas …

Continue reading »

Permits to Drill October 11, 2016

  Carter County KEITH #2-26, October 10 2016 26 2S 2W SWNWNENE API: 01926246 Lat: 34.360243794357956, Long: -97.37353599469773 WILDHORSE OPERATING COMPANY SH, DR, 2500 ft, CISCO(520), DEESE(800) Jackson County BREWER #1-30, January 20 2016 30 1S 23W CSWSESW API: 06520298 Lat: 34.4365902109854, Long: -99.65069908254267 GLB EXPLORATION INC DH, AM, 5908 ft, CANYON(5500) Lincoln County LOWTHER …

Continue reading »

Sued Over Earthquakes, Four Energy Firms Fight to Have Sierra Club Lawsuit Dismissed

The Sierra Club’s lawsuit accusing Chesapeake Energy, Devon Energy, SandRidge Exploration and New Dominion of causing earthquakes in the state through their use of extensive wastewater disposal wells remains active in Oklahoma City Federal Court. The most recent filing in the case (CIV-16-00134) was Oct. 3 in which attorneys for the four companies responded to …

Continue reading »

ONG Faces Contempt Hearing Wednesday at Corporation Commission

The Oklahoma Corporation Commission will hold a contempt hearing Wednesday in its pipeline explosion case against Oklahoma Natural Gas company. The hearing stems from the state investigation into the Jan. 2 explosion in a homes in an Oklahoma City residential neighborhood. Numerous other homes were badly damaged and 3 residents injured in the blast. ONG …

Continue reading »

Chesapeake Filing Claim against Estate of Aubrey McClendon

The company once co-founded and led by the late Oklahoma energy mogul Aubrey McClendon has now become the latest to file a claim against his estate following his death in a March traffic crash. The company has yet to present its claim in court, according to a report in the Journal Record. But Chesapeake already …

Continue reading »

Ethanol Exports Saw Increase in August

U.S. ethanol exports rose 12% in August¬†compared to July according to government trade data analyzed by the Renewable Fuels Association. The exports totaled 77.9 million gallons as Brazil increased its purchases of U.S. product by 65% over July, thereby making up 32% of the total exports. Canada and India also increased their purchases—-Canada buying 20.9 …

Continue reading »

SCOOP and STACK to be Focus of Upcoming DUG Midcontinent Show in OKC

The SCOOP and the STACK, two highly-popular oil plays in Oklahoma will be in the spotlight later this month when Hart Energy presents its annual DUG Midcontinent oil and gas show in Oklahoma City. Among the speakers at the show on Oct. 26-28 is Jack Stark, President and COO of Continental Resources based in Oklahoma …

Continue reading »

FBI Searches for Thief at Houston Fortune 500 Company

  In Houston, a Fortune 500 company has been hit by someone who’s physically swiping things from the company and the FBI has joined the hunt. The FBI won’t name the company but agents are concerned because of growing reports nationwide of hacking, software theft and other crimes, according to a report by Boing Boing …

Continue reading »