December 13, 2016 archive

OSHA Investigating Western Kansas Oilfield Explosion That Injured Five

Five people were hospitalized following a western Kansas oilfield explosion on Monday morning. The blast occurred around 7:30 a.m. in an area southwest of Sharon Springs in Wallace County, Kansas. Fire Chief Jay Sharp with Rural Fire District 2 said workers were performing a drill stem test when something caused the gas to leak out of …

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WTI and Brent Crude Reach New Heights on Tuesday

Crude oil futures continued their ascent on Tuesday, settling at their highest level since July 2015 after an energy watchdog lifted its demand forecast for this year and predicted that production cuts by major oil-producing nations will rebalance the market, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added …

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Completion Reports December 14, 2016

  KAY COUNTY Donray Petroleum Llc Perry(2850): Oil 18 Gas 60 Water 300 Pump 33 25N 1W Stormy 2, November 10, 2016 SH, OIL, TD: 4850 ft Lat: 36.60321, Long: -97.30174 API: 35071248530003 Donray Petroleum Llc Tonkawa(2550): Oil 10 Gas 44 Water 1050 Pump 33 25N 1W Stormy 7, November 03, 2016 SH, OIL, TD: …

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Permits to Drill December 14, 2016

  Canadian County DEBBIE 32_29-12N-8W #1HX, December 13 2016 32 12N 8W SWSWSWSW API: 01724961 Lat: 35.46505721824093, Long: -98.07767540193507 DEVON ENERGY PRODUCTION CO LP HH, DR, 22026 ft, WOODFORD(11848) Dewey County FERGUSON 12-19N-16W #1H, December 13 2016 12 19N 16W SWSWSWSW API: 04323490 Lat: 36.13043125496319, Long: -98.86659259478883 DEVON ENERGY PRODUCTION CO LP HH, DR, 14601 …

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Don Nickles Backs Pruitt as Next EPA Administrator

Former U.S. Senator Don Nickles of Oklahoma said Monday that he thinks Attorney General Scott Pruitt will do a “great job” as chief administrator of the U.S. Environmental Protection Agency, according to a published report in the Tulsa World. Nickles also predicted Pruitt’s confirmation will not be an “easy process,” according to the report. “Talk …

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Panhandle Names Paul Blanchard as New CEO, Announces Additional Executive Changes

Oklahoma City-based Panhandle Oil and Gas Inc. announced several changes in executive leadership, according to a company press release issued on Tuesday. The exploration and production company named Paul F. Blanchard, Jr. as its new Chief Executive Officer effective January 1, 2017. Blanchard replaces Michael Coffman at the top post. OK Energy Today reported on …

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Seventy Seven Energy Merges With Patterson-UTI Energy in $1.76 Billion Deal

Oklahoma City-based Seventy Seven Energy Inc. will be acquired by Houston-based Patterson-UTI Energy, Inc. in a merger worth $1.76 billion, according to a joint press release issued by both companies on Monday. As part of the all-stock transaction, Patterson-UTI will acquire all of Seventy Seven’s outstanding stock in exchange for 49.6 million shares of Patterson-UTI …

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IEA: The Data Doesn’t Lie, OPEC Cut Preceded by Record November Output

Despite the current surge in the crude oil market, one international organization hasn’t jumped on the OPEC congratulatory bandwagon for its efforts to curb production. Here’s why… In the crucial time leading up to the production cut, OPEC’s output rose to a record 34.2 million barrels a day in November, according to the International Energy …

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