February 2017 archive

New OCC Limits Put on Arbuckle Disposal Wells

  The Oklahoma Corporation Commission came out with new limits on Arbuckle disposal wells on Friday in another move to limit the rate of earthquakes linked to the wells and lower future risks. “The data from the Oklahoma Geological Survey shows the earthquake rate has been dropping since we issued various directives reducing the then-current …

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Chesapeake Continues to Unload Properties

The air of optimism expressed by the leadership at Oklahoma City-based Chesapeake Energy might have something to do with the property unloaded by the company in the past year. Chesapeake reported fourth quarter losses of $741 million compared to the $2.23 billion a year earlier. But CEO Doug Lawler says the company has gone from …

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Former Gov. Keating Says Tax Credit Legislation was Wrong—-Calls it a Scam

Sixteen years later and former Oklahoma Governor Frank Keating admits he made a mistake.  He says it was wrong to have given tax credits to the wind industry. Writing an op-ed piece for the Tulsa World, Gov. Keating said the legislation “warped into a scam costing taxpayers millions to the detriment of other publicly funded …

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Oklahoma’s Rig Count Remains at 101 while National Count is up

While Oklahoma’s rig count in the past week remained steady at 101, the national count increased by three, according to figures released by Baker Hughes Company of Houston. The national count is up to 754 and includes an increase of 5 more oil rigs to bring the oil rig county to 602 and the gas …

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Wagoner County Natural Gas Explosion Leaves Four Hospitalized

At least four injuries – three in critical condition — were reported when a Wagoner County natural gas well exploded on Thursday afternoon. The incident occurred near 720 Road and County Road 220, about a mile north of Highway 51 as a utility company was using a track hoe to move a private gas line. …

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Crude Oil Futures Continue to Surge Thursday Based on Favorable Inventory Data

Posting its highest close since July of 2015, the WTI and Brent crude posted gains on Thursday as they were buoyed by a smaller-than-expected rise in inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate futures climbed 86 cents, or 1.6%, to settle at $54.45 a barrel. On the London …

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Completion Reports February 24, 2017

  CREEK COUNTY Hall Greg Oil & Gas Llc 5 19N 8E Davidson-johnson 1, August 16, 2016 SH, DRY, TD: 2000 ft Lat: 36.15100, Long: -96.48453 API: 35037390910001 Hall Greg Oil & Gas Llc 5 19N 8E Davidson-johnson 1, August 16, 2016 SH, DRY, TD: 2000 ft Lat: 36.15100, Long: -96.48453 API: 35037390910001 HUGHES COUNTY …

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Permits to Drill February 24, 2017

  Blaine County BONSAI 32_29-15N-12W #1HX, February 23 2017 32 15N 12W SESWSWSW API: 01123748 Lat: 35.72590528604879, Long: -98.50628510771608 DEVON ENERGY PRODUCTION CO LP HH, DR, 22450 ft, MISSISSIPPIAN(11220) Blaine County TRES C FIU #1-35-2XH, February 23 2017 35 15N 13W NWNENENE API: 01123747 Lat: 35.73898532252748, Long: -98.54463750444401 CONTINENTAL RESOURCES INC HH, DR, 22448 ft, …

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Former EPA Administrator Sees Nothing Wrong with Pruitt’s Communications with Oil and Gas Industry

Former EPA Administrator Christine Todd Whitman sees nothing wrong with the communications Scott Pruitt had with oil and gas companies while he was attorney general in Oklahoma. It’s what she said in an interview this week with MSNBC following the release of more than 7,000 communications turned over by the Attorney General’s office to the …

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SandRidge Prepares for Exploration Expansion After $334 million 4th quarter loss

  Fresh out of bankruptcy and shedding $3.7 billion in debt, Oklahoma City-based SandRidge Energy still faces a significant challenge. Its fourth-quarter earnings report showed a net loss of $334 million which translates into a loss of $17.61 a share. In the fourth quarter of 2015, the company suffered losses of $665 million or $1.13 …

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