March 27, 2017 archive

Crude Oil Futures Finish Lower on Monday Following OPEC Weekend Review of Production Curb

Under pressure as OPEC decides whether to extend its production cuts, crude oil prices dropped on Monday, according to Bloomberg MarketWatch. May West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $47.73 a barrel on the New York Mercantile Exchange. May Brent crude, the global benchmark, lost 5 cents, or 0.1%, to end …

Continue reading »

Completion Reports March 28, 2017

  ALFALFA COUNTY Aexco Petroleum Inc 2 25N 11W Crossroads 1-2h, March 09, 2017 HH, TA, TD: 10660 ft Lat: 36.66709, Long: -98.35613 API: 35003232140000 BLAINE COUNTY Carrera Energy Llc Mississippian: Oil 195 Gas 2600 Water 2621 Flow Mississippian: Oil 192 Gas 2473 Water 2198 Flow 20 19N 12W Milky Way 20-1h, February 14, 2017 …

Continue reading »

Permits to Drill March 28, 2017

  Blaine County OTTER 16-16N-12W #1H, March 27 2017 16 16N 12W NESWSWSW API: 01123773 Lat: 35.85669385536534, Long: -98.48947364932953 DEVON ENERGY PRODUCTION CO LP HH, DR, 15539 ft, MISSISSIPPIAN(9749), WOODFORD(11459), HUNTON(11529) Blaine County CHEETAH 32_29-15N-10W #1HX, March 23 2017 32 15N 10W NWSESESE API: 01123772 Lat: 35.726255326902816, Long: -98.27968435888354 DEVON ENERGY PRODUCTION CO LP HH, …

Continue reading »

Samson Resources Reaches $17 million Settlement with Texas Firm

Tulsa-based Samson Resources Co. has ended its nearly $17 million dollar bankruptcy fight in Delaware bankruptcy court with the company that succeeded Magnum Hunter Resources. Samson withdrew the $16.8 million in oil and gas well claims against what is now Blue Ridge Mountain Resources Inc. The withdrawal came as both companies south to bring an …

Continue reading »

Driverless Cars to Be Studied by US House Hearing

  The safety of those driverless cars will be the focus of a Tuesday congressional hearing and among those asking the questions will be Oklahoma U.S. Rep. Markwayne Mullin. He’s a member of the Subcommittee on Digital commerce and Consumer Protection of the full House Committee on Energy and Commerce. The 9 a.m. hearing will …

Continue reading »

Climate Change Battle Due Wednesday as Lucas and Bridenstine Look On

Oklahoma Congressmen Frank Lucas and Jim Bridenstine will have a front-row seat as critics of climate change and supporters of it will likely battle it out during a hearing of the U.S. House Science, Space and Technology Committee. The hearing is set for Wednesday at 9 a.m. Oklahoma time and will feature a challenge to …

Continue reading »

Halliburton on a Hiring Spree—–Could Employment Turn Around in Duncan?

  One of the hardest hit counties in Oklahoma over the energy downturn was Stephens County, home to Duncan and to the original headquarters of Halliburton. The county had seen double-digit unemployment as Halliburton, now headquartered in Houston, laid off employees worldwide. But perhaps that is about to end and no doubt, Chamber of Commerce …

Continue reading »

Schlumberger and Weatherford Announce Joint Venture

  A new oilfield service company is being formed as a result of a joint venture between Schlumberger Ltd. and Weatherford International PLC. The two companies plan to provide completions products and services, targeting unconventional resource plays in North America. Executives of the two firms expect to close the agreement in the second half of …

Continue reading »

Clean Power Plan to Bite the Dust at the White House

President Trump is set to eliminate another climate change move of the Obama administration. He is preparing to sign an executive order on Tuesday wiping out the Clean Power Plan and EPA Administrator Scott Pruitt welcomes the move. It’s what Pruitt indicated Sunday in an interview with George Stephanopoulos on ABC’s “This Week.” He called …

Continue reading »