January 23, 2017 archive

WTI, Brent Crude Settle Lower on Monday as Futures Are Labeled Vulnerable

Oil futures finished lower Monday as concerns over the potential for a sizable increase in domestic crude oil production outweighed support from Saudi Arabia’s energy minister, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, March West Texas Intermediate crude fell by 47 cents, or 0.9%, to settle at $52.75 a barrel. March Brent …

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Completion Reports January 24, 2017

  ALFALFA COUNTY Chesapeake Operating Llc 8 27N 11W Jasmine 8-27-11 2h, October 31, 2016 HH, OIL, TD: 9818 ft Lat: 36.84017, Long: -98.40866 API: 35003231900001 Chesapeake Operating Llc 8 27N 11W Dogwood 5-27-11 2h, November 01, 2016 HH, OIL, TD: 10500 ft Lat: 36.84017, Long: -98.40871 API: 35003231920001 Chesapeake Operating Llc 8 27N 11W …

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Permits to Drill January 24, 2017

  Canadian County MEYERS #1H-2821X, January 23 2017 29 11N 8W SESESESE API: 01724965 Lat: 35.39254530128978, Long: -98.05315689549623 CIMAREX ENERGY CO HH, DR, 20889 ft, MISSISSIPPIAN(11588), WOODFORD(11916), HUNTON(12043) Canadian County CUT THROAT 1307 #1WH-13, January 23 2017 13 13N 7W NWNWNWNW API: 01724966 Lat: 35.60864776112548, Long: -97.90485929193407 CHAPARRAL ENERGY LLC HH, DR, 13900 ft, MISSISSIPPIAN(8405), …

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Halliburton’s Still Hurting as Reflected in 4th Quarter Report

Even with total fourth quarter 2016 revenue of $4 billion, Houston-based Halliburton Company reported a loss of $149 million from continuing operations. That figured to be $0.17 per diluted share while adjusted income from the same operations was $35 million or $0.04 per diluted share. It compares to third quarter continuing operations income of $6 …

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Senator Lankford Says New GAO Report shows It’s Time to Delist American Burying Beetle

  A Government Accountability Office report requested by Oklahoma U.S. Sen. James Lankford shows the U.S.Fish and Wildlife Service doesn’t have adequate financial controls in its conservation efforts to protect the American burying beetle. And its operations are full of errors and missing data. “Years ago, to protect the American Burying beetle population, the Fish …

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Joint Venture to Target Delaware Basin in West Texas

Another new joint venture is being formed to target oil and gas land in the Permian Basin. Santa Fe Midstream LLC based in Plano, Texas has joined forces with Vermilion Cliffs Partners LLC of Fort Worth as the two plan to carry out exploration in Reeves and Culberson counties in West Texas. Vermilion will contribute …

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Magellan Settles Pipeline Rupture Claims in Texas, Nebraska and Kansas

A subsidiary of Tulsa-based Magellan Midstream Partners will pay a fine of $2 million and complete $16 million in upgrades to pipelines as a result of a federal settlement following pipeline ruptures in three states, according to PennEnergy. In a statement issued Thursday, federal officials acknowledged the first incident occurred in February 2011, when a petroleum pipeline …

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Growing Commercial Investments in Oklahoma

A new report by the Oklahoma Commerce Department says the state had $2.2 billion in new investment by companies last year.  Fourteen of the firms were new to Oklahoma. The total in new investment meant the creation of more than 5,200 jobs. The report says google’s $1.2 billion expansion in Pryor was the largest investment …

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Oklahoma Sierra Club Worried About Issues in State Legislature Next Month

The Sierra Club of Oklahoma is gearing up for the start of the legislative session on Monday, Feb. 6 and leaders are already talking of “unfortunate” things they see developing among legislators. Mark Derichsweiler, the Vice-Chair and Legislative chair of the Oklahoma Chapter of the Sierra Club talked of them in a newsletter this week. …

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