November 28, 2016 archive

WTI, Brent Crude Rebound on Monday as OPEC Devises Plan to Cut Production

Crude oil futures soared on Monday as traders held hope that OPEC may succeed in its plan to curb crude output, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude jumped $1.02, or 2.2%, to settle at $47.08 a barrel, marking the first session gain since November 21. On …

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DAPL Protesters Told by Army Corps to Vacate Encampment by December 5

The Standing Rock Sioux Tribe was notified on Friday by the U.S. Army Corps of Engineers that the North Dakota encampment area must be vacated by December 5 for safety concerns. The area has been occupied for months by protesters opposing the four-state, $3.8 billion Dakota Access pipeline under construction by Dallas-based Energy Transfer Partners. …

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Completion Reports November 29, 2016

  LOGAN COUNTY Payne Exploration Company Hunton-woodford: Oil 104 Gas 346 Water 784 Gas Lift 18 17N 4W Hill 1-19hh, July 23, 2016 HH, OIL, TD: 12380 ft Lat: 35.94238, Long: -97.67447 API: 35083243880001    

Permits to Drill November 29, 2016

  Blaine County WINTERSOLE #1-4-33-28XH, June 01 2016 04 16N 11W NESWNWNE API: 01123609 Lat: 35.89654219910651, Long: -98.37403634943585 CONTINENTAL RESOURCES INC HH, AM, 19792 ft, MISS’AN (EX CHESTER)(9654), MISSISSIPPIAN(10335) Canadian County HARDY 25-11-6 #1WH, November 28 2016 24 11N 6W SWSESESE API: 01724950 Lat: 35.40693246198679, Long: -97.77964734909646 JONES ENERGY LLC HH, DR, 14000 ft, WOODFORD(8700) …

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You Name the Federal Agency and They are Targeted in Senator Lankford’s Latest Federal Fumbles Report

  It would seem that no federal agency escaped the wrath of U.S. Sen. James Lankford’s latest “Federal Fumbles” report where he cites 100 examples of what he calls wasteful federal government spending. From the USDA to the EPA, the Fish and Wildlife Service, the FAA, the DEA and to the Defense Department—–they made his …

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Former McClendon Partner Sues Estate

One of the latest legal challenges to the Aubrey McClendon estate in Oklahoma City has been made by one of his former partners at American Energy Partners LP. Scott Mueller, chief financial office at AEP filed suit this month challenging the distribution of $136.5 million from the sale of the company’s assets known as SCOOP …

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Incentive Commission to Finalize Tax Credit Recommendations to Governor and Legislature

Oklahoma’s Incentive Evaluation Commission will hold a special meeting Tuesday to consider its final recommendations to the legislature on how to handle tax credits of several industries. While wind-farm opponents in the legislature wanted massive cuts in the credits for the wind industry, the Commission, in a meeting last week, recommended no changes from those …

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EPA’s Out with 2017 RFS Mandates—–Sen. Inhofe Opposes Them

Oklahoma U.S. Sen. Jim Inhofe says the latest announcement by the U.S. Environmental Protection Agency regarding its final Renewable Fuel Standards for 2017 shows “how broken the RFS is.” The chairman of the U.S. Senate Environment and Public Works Committee released a statement after the EPA’s announcement. “Though EPA has acknowledged the realities of the …

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Who’s Telling the Truth in North Dakota Pipeline Protest?

While protesters vow not to leave their encampment at the Dakota Access Pipeline site in North Dakota, one website is pointing out discrepancies in the claims of the Native Americans. “With the help of celebrities and professional activists, protests against the Dakota Access Pipeline in North Dakota have attracted international attention. The shouting and violence …

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Anniversary of Oklahoma City Oil Field Discovery in 1928

The 88th anniversary of the discovery of the massive Oklahoma City oil field that paved the way for a huge oil boom in the state is approaching. It was Dec. 4, 1928 when Oklahoma City #1 came in near SE 59th and Bryant and during its first 27 days produced more than 110,000 barrels of …

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