October 2016 archive

GE in Talks to Merge with Baker Hughes

Whether GE and its new Oklahoma City Oil and Gas Research Center will one day be in partners with Baker Hughes is one thing., But the Wall Street Journal’s Market Watch reports the two are in talks to former a merger—-GE’s oil-and-gas business with the Houston based company. GE is the one that went asking, …

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Conoco Took $1 billion Third Quarter Hit

Conoco took a $1 billion third quarter hit but company leaders still contend the firm has momentum entering the 4th quarter. “Our underlying business performance is delivering strong momentum as we had into 2017,” said Ryan Lance, Chairman and CEO. The $1 billion loss was about 9 percent less than a year ago. The company, …

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Groups Fighting Proposed Nuclear Waste Storage Site in West Texas

Four national and state groups are fighting a plan to consider a short-term nuclear waste storage site in west Texas. The groups, Beyond Nuclear, Nuclear Information and Resource Service, Public Citizen and Texas-based Sustainable Energy and Economic Development Coalition want the US Nuclear Regulatory Commission to terminate its review of the license application. The application …

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Laid-Off Halliburton Workers Eligible for Federal Jobless Help

  The State Employment Security Commission says laid-off workers at Halliburton Energy Services Inc. technology Duncan are now eligible for the Trade Act program by the U.S. Department of Labor. The act is meant to provide help to those who lose jobs or significant work hours because of increased imports or a shift in production …

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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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