November 2016 archive

Concho Resources Expanding Exploration into SE New Mexico

The state of New Mexico is anticipating more oil production to result from a $430 million deal by Texas-based Concho Resources to acquire land in the northern Delaware Basin in southeastern New Mexico. Most of the land is located in the Red Hills area of Lea County and Concho’s president and chief executive Tim Leach …

Continue reading »

Oklahoma has Nation’s 2nd Cheapest Gasoline Prices Even after 5-cent Jump

  Even with a 5-cent a gallon jump in gasoline prices in the past week, Oklahoma ranks 2nd lowest in the nation according to the weekly report from AAA Oklahoma. The car group says Oklahoma’s new weekly average is $1.89 a gallon making it 30 consecutive days when the average is under $2. Lawton has …

Continue reading »

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 …

Continue reading »

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. …

Continue reading »

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) …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »