March 15, 2017 archive

WTI and Brent Crude Settlements End Higher on Wednesday

Crude oil futures rebounded on Wednesday to post gains following the Federal Reserve’s announcement to raise interest rates, according to Bloomberg MarketWatch. April West Texas Intermediate crude rose $1.14, or 2.4%, to settle at $48.86 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, May Brent crude, the global benchmark, gained …

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Oklahoma Senate Suspends Powerful State Senator from Leadership Posts

The Oklahoma State Senate passed a unanimous resolution on Wednesday afternoon stripping Ralph Shortey’s legislative privileges based on disorderly conduct, after allegations surfaced about his personal relationship involving an underage boy, according to a report by The Oklahoman. Shortey, a Republican from District 44 in south Oklahoma City, has served in the Oklahoma Legislature since …

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Pawnee County Rocked by 3.2 Magnitude Earthquake on Wednesday Morning

A 3.2 magnitude earthquake jolted Pawnee County on Wednesday morning, according to a U.S. Geological Survey report. The temblor struck northeastern Oklahoma at approximately 10:16 a.m. The quake’s epicenter was seven miles northwest of Pawnee. No injuries or damage was reported from the latest earthquake. A record 5.8 magnitude earthquake was recorded in September near Pawnee, …

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Completion Reports March 16, 2017

  CANADIAN COUNTY Cimarex Energy Co Woodford(12475): Oil 117 Gas 2858 Water 1741 Flow 24 11N 9W Meiwes 1-25h, February 19, 2017 HH, GAS, TD: 17697 ft Lat: 35.40709, Long: -98.09806 API: 35017249510000 Devon Energy Production Co Lp Woodford(11799): Oil 200 Gas 2015 Water 1602 Flow 25 13N 9W Lemke 25-13n-9w 8h, February 05, 2017 …

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Permits to Drill March 16, 2017

  Blaine County COFFEY #1-7H, March 15 2017 07 17N 13W SWSWSWSW API: 01123763 Lat: 35.95744908110837, Long: -98.63507891896312 COUNCIL OAK RESOURCES LLC HH, DR, 16500 ft, MISSISSIPPIAN(10432), WOODFORD(11103) Dewey County FOALE 31-19-17 #1H, March 15 2017 30 19N 17W SESWSWSW API: 04323505 Lat: 36.087238010993474, Long: -99.05984498882053 TAPSTONE ENERGY LLC HH, DR, 17000 ft, MISSISSIPPIAN(12200) Ellis …

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Climate Change Research Targeted for Defunding by House Committee

Days after Oklahoma Representatives Frank Lucas and Jim Bridenstine joined others on the House Science, Space and Technology Committee in approving a measure to create an “open and honest” EPA, the committee has suggested stripping much of the governments climate change research. Republicans on the committee are targeting billions of dollars being spent to understand …

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Florida Utility Seeks Legislative Approval to Make Profits from Shale Gas Investments in Oklahoma

In Florida, a State Senate committee has given approval for Florida Power and Light Company to make profits off shale gas exploration in Oklahoma. The approval came two years after Florida’s largest utility was allowed by the Florida Public Service Commission to invest $191 million in the Woodford Shale gas project in southern Oklahoma. The …

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Tribe Loses Again in Court Over Attempts to Stop North Dakota Pipeline

The Native Americans fighting the Dakota Access pipeline in North Dakota have lost again. The U.S. District Court for the District of Columbia ruled this week against the request of the Cheyenne River Sioux Tribe to stop completion of the $3.8 billion pipeline on the basis of religious freedom arguments. Judge James Boasberg, who ruled …

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Oil and Gas Firms Seek More Workers

While Oklahoma’s oil and gas sector added 700 jobs in January, according to the Oklahoma Employment Security Commission, (see OK Energy Today) a look into want ads shows there is a demand for more workers. Economist Lynn Gray at the Commission is optimistic about what the jobs report for February will show. He might have …

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STACK Scores Another Big Well

The latest big well to be discovered in Oklahoma’s STACK is producing nearly 1,100 barrels of oil a day in Blaine County. Oklahoma City-based Devon Energy Production Company’s completion report filed with the state showed the Chisholm Trail well located mid-way between Kingfisher and Watonga is producing 1,062 barrels a day along with 2,996 Mcf …

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