February 13, 2017 archive

EIA Prediction of U.S. Production Growth Results in Losses for WTI and Brent on Monday

Crude oil prices settled lower Monday as worries grew concerning the growth of domestic oil production, according to Bloomberg MarketWatch. March West Texas Intermediate crude¬†fell 93 cents, or 1.7%, to settle at $52.93 a barrel on the New York Mercantile Exchange. April Brent crude, the global benchmark, lost $1.11, or 2%, to end trading at …

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Completion Reports February 14, 2017

  ALFALFA COUNTY Chesapeake Operating Llc 28 27N 12W Barbara Ann 28-27-12 2h, December 08, 2016 HH, GAS, TD: 10600 ft Lat: 36.78340, Long: -98.49240 API: 35003232280001 Chesapeake Operating Llc 28 27N 12W Barbara Ann 28-27-12 1h, December 07, 2016 HH, OIL, TD: 10342 ft Lat: 36.78344, Long: -98.49240 API: 35003232270001 Chesapeake Operating Llc 18 …

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Permits to Drill February 14, 2017

  Canadian County ROYSTER 1207 #36-1HW, February 13 2017 36 12N 7W NWNENENW API: 01724864 Lat: 35.47851090516954, Long: -97.8945543388244 EAGLE EXPLORATION PRODUCTION LLC HH, DR, 14410 ft, MISSISSIPPIAN(9450), WOODFORD(9660) Dewey County FIGHTING BULL 4 MD #1HC, February 13 2017 09 17N 19W NWNENWNW API: 04323499 Lat: 35.97055548849303, Long: -99.23629807959473 MEWBOURNE OIL COMPANY HH, DR, 13756 …

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Self-Driving Cars Subject of Congressional Hearing

Congressman Markwayne Mullin and others on a subcommittee of the U.S. House Energy and Commerce committee will explore those self-driving cars in a hearing today on capitol hill. He is a member of the Subcommittee on Digital Commerce and Consumer Protection. The hearing entitled “Self-Driving Cars: Road to Deployment will begin at 9:15 a.m. Oklahoma …

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Company Fined $1 million for Oil Pipeline Spill

  A Casper, Wyoming-based pipeline company will have to cough up $1 million because of an oil pipeline spill that happened in 2015 in the state of Montana. Bridger Pipeline LLC will be forced to give $800,000 to environmental projects and another $200,000 to the state’s general fund according to an announcement by the Montana …

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Texas and New Mexico Remain at Odds in Water Fight

In a water fight between Texas and New Mexico, a special master named by the U.S. Supreme Court says Texas might have a case in claiming New Mexico is overusing water government by a 1938 state water-sharing agreement. It means the dispute will continue in the courts. The Special Master issued a report recommending the …

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Tulsa Federal Judge Rules Against Landowner in Fight with BIA in Osage County

A Tulsa Federal Judge has dismissed a lawsuit¬†in a battle over hydraulic fracturing leases involving the Bureau of Indian Affairs and a company with oil and gas leases and permits on the Osage Nation’s reservation. Judge Claire V. Eagan ruled late last week against Lyman Gilbert Lenker, the trustee for the Virginia Lenker Irrevocable Trust. …

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Chesapeake Fights $439 million Bond Ruling—-Heads to Supreme Court

  Oklahoma City-based Chesapeake Energy Corp. thinks the U.S. Supreme Court should have a say in a $439 million judgment that was issued against the company last fall in a dispute over a bond issuance. It was a fight in part that grew out of debt run up by the late Aubrey McClendon when he …

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New $600 million Credit Announced by SandRidge Energy

Oklahoma City-based SandRidge Energy announced Monday it entered into a new $600 million reserve based credit facility with a $425 million borrowing base. The move was effective Feb. 10, 2017. The announcement indicated that the refinancing amended the terms of the previous credit facility and provides the company with an increased principal commitment to $600 …

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