October 17, 2016 archive

Increase in U.S. Active Drilling Rigs Blamed for Lower Crude Oil Settlements on Monday

Oil futures settled below the crucial $50 a barrel benchmark on Monday as an increase in the number of active drilling rigs in the U.S. and rising crude output from major producers impacted trading, according to Bloomberg MarketWatch. November West Texas Intermediate crude¬†slipped by 54 cents, or 1.1%, to settle at $49.81 a barrel on …

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Completion Reports October 18, 2016

  DEWEY COUNTY Jma Energy Company Llc Cleveland: Oil 122 Gas 2192 Water 3602 Flow 30 17N 19W Fariss 1-30h, August 31, 2016 HH, GAS, TD: 13710 ft Lat: 35.91412, Long: -99.27150 API: 35043234530000  

Permits to Drill October 18, 2016

Dewey County CHERRY MASH #8-1H, October 17 2016 08 16N 15W N2SESWSE API: 04323482 Lat: 35.87152992092917, Long: -98.81497114806474 CARRERA ENERGY LLC HH, DR, 16359 ft, CHESTER(10600), MISSISSIPPI LIME(11775), KINDERHOOK(12500) Grady County TRAMMELL #1R-11-14-23XH, October 17 2016 11 6N 6W NWSWNESE API: 05124071 Lat: 35.00579770725851, Long: -97.79804397728232 CONTINENTAL RESOURCES INC HH, DR, 23706 ft, MORROW(12077), SPRINGER(12252) …

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Oklahoma Gasoline Prices Drop Again

Ponca City has taken over the top place for the most expensive gasoline in the State with a new average of $2.16 a gallon, a penny higher than what motorists in Stillwater are paying. AAA Oklahoma reports this week’s statewide average is $2.05, four cents cheaper than the October high of $2.08 recorded Oct. 8. …

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Coalition Challenges New Fracking Rules in Pennsylvania

Another group is challenging hydraulic fracturing operations. This time, the Marcellus Shale Coalition has filed suit over Pennsylvania’s new rules governing the fracking process. The Coalition contends parts of the Chapter 78(a) rules went beyond the scope of the State Department of Environmental Protection’s regulatory authority. They also claim the new rules that took effect …

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Another Government Delay for Williams and its Atlantic Sunrise Pipeline

The Federal Energy Regulatory Commission has handed another blow to Williams Partners LP over the Tulsa company’s plans for a $3 billion pipeline to carry natural gas to the eastern part of the country. The Commission¬†announced recently that landowners would have until Nov. 14 to comment on the new route alternatives for parts of Williams’s …

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Newfield Talks of Selling Bakken Interests to Finance Expanded Exploration in Oklahoma

  Already with a heavy commitment in Oklahoma’s STACK, Houston-based Newfield Exploration is now talking of possibly selling Bakken Shale assets in North Dakota to finance more drilling in northern Oklahoma. At the same time, the company’s chief executive officer, Lee Boothby offers some cautious optimism, suggesting the company needs more exploration time and a …

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Bankrupt Chaparral Wins Extensions from Delaware Court

  Oklahoma City-based Chaparral Energy has won an extension of its Chapter 11 bankruptcy plan and now will have until January 2017 to finish seeking acceptances from lenders. The U.S. Bankruptcy Court approved the company’s request to extend the period through and including November 9, 2016 and January 9, 2017. The company filed Chapter 11 …

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Neese Named Co-Chair of Trump Small Business Advisory Council

Oklahoma City businesswoman Terry Neese has been named a co-chair of Donald Trump’s Small Business Advisory Council to assist with his presidential campaign. The council is meant to advise Trump on small business issues, including those affecting small energy-related companies whether it be in oil and gas or wind. Dr. Neese is founder of Terry …

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Bernie Wants Work Stopped on Dakota Access Pipeline

Now Vermont Sen. Bernie Sanders is getting involved in the fight to stop construction of the Dakota Access pipeline, the one that has drawn even Oklahoma Native Americans to North Dakota to protest the line. This time, Sanders joined three other Democratic Senators in asking President Barack Obama to personally intervene and stop the pipeline …

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