Houston-based CenterPoint Energy has rejected an offer for its stake in Enable Midstream Partners from its partner, OGE Energy, according to an Argus news report published on September 29. “There is no material agreement to report at this time,” said William D. “Bill” Rogers, CenterPoint’s chief financial officer and executive vice president. CenterPoint’s 30-day period to consider …
October 2016 archive
Oil Futures End Week and Month on Higher Note Despite Quarterly Loss
Oil futures finished higher on Friday, with prices achieving a second-straight monthly gain but suffering from the first quarterly loss of the year, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude added 41 cents, or 0.9%, to settle at $48.24 a barrel. Tracking the front-month contracts, prices fell nearly …
Devon Energy Dumps Membership in OIPA Claiming ‘Inequity’ in the Group’s Membership Structure
A shocker for the Oklahoma Independent Petroleum Association where Oklahoma City-based Devon Energy has dropped its membership claiming the group does not apparently do enough for those who make large capital investments in the state. “This decision arose from our serious concerns with OIPA’s ability to be an effective advocate for the significant capital investments …
Rig Counts Grew in U.S. and Oklahoma in the past Week.
The latest weekly rig report by Houston-based Baker Hughes Company, an oil and gas servicing firm shows the U.S. rig count grew by eleven over the past week reaching a total of 522. Oklahoma’s count grew by one to hit 68. However, it should be noted the rig count is based on activity of …
Completion Reports October 3, 2016
BLAINE COUNTY Continental Resources Inc 24 16N 11W Binder 2-13h, September 03, 2016 SH, DRY, TD: 1475 ft Lat: 35.85406, Long: -98.31912 API: 35011236400000 DEWEY COUNTY Mewbourne Oil Company Cleveland(8957): Oil 116 Gas 259 Water 1176 Flow 8 17N 18W Myers 8 Md 1hc, August 03, 2016 HH, OIL, TD: 13580 ft Lat: 35.95719, Long: …
Permits to Drill October 3, 2016
Blaine County MARC FIU #1-8-5XH, September 30 2016 08 13N 12W SWNESESW API: 01123664 Lat: 35.61154651397981, Long: -98.50086447284909 CONTINENTAL RESOURCES INC HH, DR, 23447 ft, WOODFORD(13887) Blaine County DONNA MAE #1-13H, September 30 2016 12 16N 11W NESWSWSW API: 01123663 Lat: 35.871598319204466, Long: -98.32958179875824 CONTINENTAL RESOURCES INC HH, DR, 16529 ft, HUNTON(11208) Blaine County LAU …
