October 27, 2016 archive

OPEC Deal, Inventory Dip Buoys Crude Oil Settlements on Thursday

With West Texas Intermediate remaining below $50 a barrel, crude oil futures climbed on Thursday as traders seemed optimistic about the possibility of an OPEC production output deal and a surprise drop in domestic crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December WTI crude¬†gained 54 cents, or 1.1%, to end …

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Completion Reports October 28, 2016

  CANADIAN COUNTY Devon Energy Production Co Lp Mississippi Lime(9938): Oil 328 Gas 1956 Water 1056 Flow 14 13N 8W The Slot 14-13n-8w 1h, September 13, 2016 HH, OIL, TD: 14337 ft Lat: 35.59564, Long: -98.01521 API: 35017249090000 Marathon Oil Company Mississippian(9722): Oil 662 Gas 5109 Water 975 Flow 19 13N 7W Wehmuller 1307 2-19mh, …

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Permits to Drill October 28, 2016

Kay County STORMY #2, October 27 2016 33 25N 1W S2NESENE API: 07124853 Lat: 36.60321249118881, Long: -97.30174762202775 DONRAY PETROLEUM LLC SH, RC, 4850 ft, PERRY(2850) Pittsburg County BOWEN #3-18/7H, October 27 2016 19 3N 12E NENWNENE API: 12124772 Lat: 34.72314027819366, Long: -96.07777024029785 BP AMERICA PRODUCTION COMPANY HH, RC, 14940 ft, WOODFORD(9100), HUNTON(9200), SYLVAN(12128)  

Devon CEO Talks of 4,000 barrel a day Oil Wells in STACK

Wells testing close to 4,000 barrels a day in Oklahoma’s STACK? It’s what Devon Energy CEO Tony Vaughn was talking about Thursday when he delivered an afternoon keynote address at Hart Energy’s DUG Midcontinent convention in Oklahoma City. “A very special position—a very special play,” he told the audience at the Cox Convention Center, explaining …

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Ponca Tribal Members Critical of Injection Wells Causing Earthquakes

While the city of Pawnee and the Pawnee Nation prepare to hold an earthquake forum on Saturday, some members of the Ponca Tribe¬†make it clear they firmly blame the energy industry’s wastewater injection wells for causing earthquakes in the region. Especially the 5.8 magnitude early-September quake that turned out to be the strongest ever recorded …

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Houston Firm Hits 1,000 Barrel a Day Well in STACK

The latest 1,000 barrel-a-day plus-well to be hit in Oklahoma’s STACK is reported by Houston, Texas based Oklahoma Energy Acquisitions LP. The firm’s completion report, as published Thursday by OK Energy Today, indicated the Lankard well saw production of 1,039 barrels of oil a day along with 3,519 Mcf of gas. The well had an …

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Google Fiber Puts OKC Development on Hold

  Google’s website still says “We’re exploring bringing Fiber to Oklahoma City.” But it’s clear Google and its parent company Alphabet have stopped development of the super fast network for Oklahoma City and several others around the country. “Going forward we’re focusing on new technology and deployment methods to make superfast internet more abundant than …

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Mark Ruffalo is Latest Hollywood Actor to Join Protesters in North Dakota

The Dakota Access Pipeline protest in North Dakota apparently has become the “protest de jour” for Hollywood. Now actor Mark Ruffalo who considers himself an activist has joined the Native Americans and members of the Standing Rock Sioux Tribe’s protest of the nearly $4 billion pipeline under construction. Ruffalo is described as a co-funder of …

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Labor Commission to Honor OKC Pizza Company for its Job Creation

Just as oil and gas firms are in the slow movement of creating a few more new jobs in the state, the Oklahoma Labor Department on Friday will honor an Oklahoma City company for its creation of job opportunities. Labor Commissioner Melissa McLawhorn Houston will hand out the newly-named Mark Costello Entrepreneurial Excellence award to …

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Bankrupt Samson Resources gets Approval to Unload 4660 million in Assets

Tulsa-based Samson Resource won the approval of a federal bankruptcy judge this week in moving ahead with the sale of an estimated $660 million in assets. Samson owes $4 billion in debt and filed for Chapter 11 protection 13 months ago. This week, Judge Christopher Sontchi with the U.S. Bankruptcy Court for the District of …

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