Oil futures retreated on Monday following news that Iraq is unwilling to participate in OPEC’s coordinated production deal, according to Bloomberg MarketWatch. December West Texas Intermediate crude dropped 33 cents, or 0.7%, to settle at $50.52 a barrel on the New York Mercantile after a brief dip below $50. December Brent crude, the global benchmark, fell 32 …
October 24, 2016 archive
Completion Reports October 25, 2016
OKMULGEE COUNTY Wfd Oil Corporation Dutcher: Oil 5 Gas 20 Pump 33 15N 11E Minnie 1-33, July 27, 2016 SH, OIL, TD: 3015 ft Lat: 35.72697, Long: -96.15630 API: 35111275070000 PAYNE COUNTY White Star Petroleum Llc Mississippian(4155): Oil 70 Gas 347 Water 1000 Pump 18 17N 4E Cotton 18-19-17n-4e 1mh, September 12, 2016 HH, OIL, …
Permits to Drill October 25, 2016
Grady County PAULINE #6-27X22H, October 24 2016 27 5N 6W SENWNWSE API: 05124075 Lat: 34.87586513845044, Long: -97.81822277367209 VITRUVIAN II WOODFORD LLC HH, DR, 24000 ft, SYCAMORE(14665), WOODFORD(15000), HUNTON(15285) Grady County ROMANOFF #1-25-24-13XH, October 24 2016 25 7N 5W NESWSESW API: 05124076 Lat: 35.045134711893674, Long: -97.68168819727347 CONTINENTAL RESOURCES INC HH, DR, 26201 ft, MISSISSIPPIAN(10750), WOODFORD(11097), …
Oklahoma has Lowest Gasoline Prices in the U.S.
Oklahoma now has the lowest pump price average in the nation, according to the Fuel Gauge Report from AAA Oklahoma. The State’s new average is $2.01 a gallon, a drop of 3 and a half cents in the past week. Bartlesville and Lawton have the lowest averages of $1.89 each. For Lawton, that’s a 9 …
Latest Big Wells Discovered in STACK by Newfield Exploration
Houston, Texas based Newfield Exploration continues with its discoveries of major oil producing wells in Oklahoma’s STACK, the massive oil play located in Canadian, Blaine and Kingfisher counties. As show on OK Energy Today’s Completion Reports, Newfield’s biggest find in recent weeks was a well producing 1,229 barrels of oil a day at a site …
Energy Group Leader says Oil and Gas Industry is Key to Economic Success of Oklahoma
The head of the Oklahoma Independent Petroleum Association says it’s clear the hope is the state’s oil and gas industry will continue to see improvements to offer relief to the Oklahoma economy. Writing in the Journal Record, Mike Terry reflected on how the Oklahoma Energy Index recently showed a gain of 100 jobs, a gain …
Claims Surpass $1 billion Against Aubrey McClendon’s Estate
Nearly 7 and a half months after Oklahoma energy leader Aubrey McClendon was killed in a traffic crash, the claims against his estate have gone beyond $1 billion. Most of the claims have been made by Wilmington Trust and Chesapeake Energy Corp., the firm he helped found before he was forced out a few years …
Harold Hamm Says Trump’s Energy Policies Could Result in Energy Independence by 2022
Oklahoma oilman Harold Hamm still thinks Donald Trump would be far better for the U.S. energy industry than Hillary Clinton. Maybe even resulting in U.S. energy independence in the next 6 years. “Hillary Clinton wants to follow on with President Obama and basically discount what’s been given with this American renaissance,” he told CNBC …
Texas Panhandle Getting Another Wind Farm
Another big wind farm is planned for the Texas Panhandle, one to be located at 11,000 acres of land about 30 miles south of Amarillo. Falvez Energy recently closed financing on the 163-megawatt wind farm planned for Randall, Castro and Deaf Smith counties, according to a report in the Amarillo Globe. The company said the …
Crude Oil Leak at Seaway Pipeline in Cushing
An oil spill is being cleaned up by Seaway Crude Pipeline Company workers at the Cushing tank farm. The company confirms the crude oil release from its pipeline near the intersection of Linwood Avenue and Texaco Road in Cushing but does not offer details as to how much crude was leaked. “There is no threat …