Oil futures fell Wednesday as uncertainty over Russia’s willingness to cut production and a monthly rise in output from OPEC members sent prices lower for a second consecutive session, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell 61 cents, or 1.2%, to settle at $50.18 a barrel after …
October 12, 2016 archive
Permits to Drill October 13, 2016
Blaine County FLEENOR 9_4-15N-10W #1HX, October 12 2016 17 15N 10W SENENENE API: 01123670 Lat: 35.78192723392312, Long: -98.27923562516081 DEVON ENERGY PRODUCTION CO LP HH, DR, 21379 ft, MISS’AN (EX CHESTER)(10535), WOODFORD(11229) Blaine County MOWERY #1-36H, October 12 2016 36 15N 11W NENENWNW API: 01123669 Lat: 35.73897877411792, Long: -98.3272625342477 CONTINENTAL RESOURCES INC HH, DR, 16259 ft, …
Democratic Critic says Thursday’s Day of Oilfield Prayer should be A day for No Earthquakes
Thursday has been proclaimed an “Oilfield Prayer Day” by Oklahoma Gov. Mary Fallin, but Democratic critic Rep. Richard Morrissette says it should be a day to pray for no more earthquakes. “I think we should all pray on the 14th to have one day in Oklahoma when we have no earthquakes,” said the legislator who …
ONG Agrees to $1 million Fine over Pipeline Explosion in OKC
The Oklahoma Natural Gas Company will avoid $8.5 million in fines over a January natural gas pipeline explosion as part of a $1,010,000 agreement announced Wednesday before a Corporation Commission Administrative Law Judge. Just as Judge Michael Porter opened the contempt hearing to receive evidence on three citations issued by the Corporation Commission, attorney Mark …
General Electric Expands its Holdings in Wind Energy Industry
General Electric, the company that just dedicated its new oil and gas research center in Oklahoma City just agreed this week to spend $1.65 billion on wind energy. The company announced it will buy one of its suppliers of wind turbine blades from British private equity shop Doughty Hanson and Company. It’s a move that …
Federal Appeals Court Rules Against North Dakota Tribe in Fight over Oil Pipeline
The Standing Rock Sioux Tribe lost its attempt this week to convince a federal appeals court to block construction on part of the Dakota Access pipeline that runs through North Dakota. The D.C. Circuit court of Appeals had listened to tribal arguments last month but the judges said they would not permanently stop construction of …
Supreme Court Upholds $30 million Judgment over Pipeline Explosion Death and Sale of Company
The Oklahoma Supreme Court has upheld a $30 million judgment against two Enterprise Products Partners LP units over a 2010 Texas pipeline explosion that killed a worker and led to the failure of the company that had employed him. The ruling came in a Washington county lawsuit filed by C and H Power Line Construction …
Pickens on Trump—–He’s a Buffoon, but He’s Our Buffoon
“He’s a buffoon, but he’s our buffoon.” T-Boone Pickens on Donald Trump. When it comes to oil and gas exploration, there’s no doubt T-Boone Pickens knows what he’s talking about. When it comes to Presidential politics, the 88-year old billionaire who grew up in the southeastern Oklahoma town of Holdenville has some definite …
IEA Report Reveals Significant Increase in OPEC Output as WTI, Brent Fall on Tuesday
Crude oil futures settled lower on Tuesday but remained above the crucial $50 benchmark as a report of OPEC’s record production in September reflected a retreat in the market, according to Bloomberg MarketWatch. November West Texas Intermediate crude fell 56 cents, or 1.1%, to settle at $50.79 a barrel on the New York Mercantile Exchange. On …
