On the heels of OPEC’s much needed and highly anticipated production cut, crude oil futures rallied on Thursday as both WTI and Brent crude settled over the crucial benchmark of $50 a barrel, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January WTI crude tacked on $1.62, or 3.3%, to settle at $51.06 a …
December 1, 2016 archive
Completion Reports December 2, 2016
BLAINE COUNTY Marathon Oil Company Mississippian(11534): Oil 245 Gas 12232 Water 2448 Flow 22 14N 12W Donna Dudley 1-22h, September 07, 2016 HH, GAS, TD: 17640 ft Lat: 35.68091, Long: -98.47151 API: 35011235880000 ELLIS COUNTY Le Norman Operating Llc Tonkawa(8189): Oil 179 Gas 872 Water 113 Flow 19 17N 23W Cripple Bear 4h-30, September …
Permits to Drill December 2, 2016
Alfalfa County BAKER 2512 #1-28 SWD, December 01 2016 28 25N 12W SWSWSESE API: 00323264 Lat: 36.609254422333485, Long: -98.49091367892261 MIDSTATES PETROLEUM COMPANY LLC SH, DR, 7205 ft, PERMIAN 3494 6(MISSISSIPPIAN), ENDICOTT(4578), TONKAWA(4903), COTTAGE GROVE(5331), OSWEGO(5684), HUNTON(6801), WILCOX(7155) Custer County JAMES MILLER FIU #1-6-31XH, December 01 2016 06 14N 14W SWSESESE API: 03922493 Lat: 35.711654258170554, …
OKC Protesters Show Support for Standing Rock Sioux
Thursday was “Global Day of Action” in downtown Oklahoma City where about 50 protesters gathered in support of the Standing Rock Sioux fighting the Dakota Access Pipeline in North Dakota. Speakers urged people to withdraw money from banks and other businesses that have financial involvement in the $3.8 billion pipeline that will carry out from …
Feds Challenge Bankruptcy Reorganization Plan of Tulsa’s Samson Resources
The U.S. Interior Department’s putting up a fight against the Chapter 11 reorganization plan filed by Tulsa-based Samson Resources. It filed an objection this week to what the creditors are proposing. The filing was made in the U.S. Bankruptcy Court for the District of Delaware where Samson filed bankruptcy in September of last year. Among …
Unemployment up in October for Most Counties in Oklahoma
Figures from the State employment experts show unemployment rose in 68 of Oklahoma’s 77 counties in October compared to a year ago and some of the blame fell on the energy industry. Unemployment rates were unchanged in four counties and lower in five others, according to an announcement from the Oklahoma Employment Security Commission. Stephens …
Oilman Harold Hamm Just Got $ billions Richer from OPEC Move
Oklahoma oil billionaire Harold Hamm raked in $3 billion more this week when oil prices rose following OPEC’s decision to cut oil production by one percent beginning Jan. 1. As Bloomberg News pointed out, “Harold Hamm, the wealthiest energy billionaire in the U.S. became $3 billion richer Wednesday morning when shares of his Continental Resources Inc. …
Economies Still Lagging in Oklahoma and 8 Other Midwest States
The economies in Oklahoma and 8 other Midwest and Plains states are improving but remain weak according to the latest Mid-America Business Conditions Index report. Issued by Professor Ernie Goss at Creighton University, the index indicated the overall economic index for the region rose to 46.5 in November from 43.8 in October. Goss, an economics …
Lankford says OPEC’s Cut in Oil Production is a Sign of Dramatic Economic Struggles
While OPEC’s decision to cut oil production for the first time in 8 years won’t take effect until Jan. 1, Sen. James Lankford says it’s an indication the OPEC countries are suffering. “It signals to the world that many nations like Russia,Saudi Arabia and Venezuela are starting to feel the real pressure of these down …
Standing Rock Protest Organized for Oklahoma City’s Kerr Park on Thursday Morning
A local Standing Rock tribal coalition is organizing a demonstration in downtown Oklahoma City for Thursday morning. The Global Day of Action is set for 9 a.m. at Kerr Park located at the corner of Robert S. Kerr Avenue and North Broadway Avenue. Organizers will accept supply donations which will be delivered to Standing Rock. Oklahoma …
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