April 2017 archive

Crude Oil Settlements Post Gains on Friday, Losses for the Month

Oil prices ended higher on Friday despite lower monthly settlements, according to Bloomberg MarketWatch. June West Texas Intermediate crude added 36 cents, or 0.7%, to close at $49.33 a barrel on the New York Mercantile Exchange. Based on the front-month May contract finish at the end of March, prices have lost about 2.5% in April. The …

Continue reading »

Energy Transfer Announced Distribution and Completion of Merger

Energy Transfer Partners, L.P., the Dallas-based company that struggled over the past year to complete its Dakota Access Pipeline in North Dakota has announced a quarterly cash distribution of $0.535 for the first quarter ending March 31, 2017. The distribution represents a distribution of $2.14 on an annualized basis and will be paid on May …

Continue reading »

Cash Distribution Announced by Tulsa Coal Company

Tulsa-based Alliance Resource Partners, L.P. and the Alliance Holdings GP, L.P., companies that distribute coal nationally, have announced a cash distribution has been approved to respective unitholders for the quarter ending March 31, 2017. The ARLP unitholders will get a cash distribution of $0.4375 per unit or an annualized rate of $1.75 per hit payable …

Continue reading »

Cypress Energy Maintains Lower Cash Distribution

  A first-quarter cash distribution has been declared by Tulsa-based Cypress Energy Partners, L.P. The cash distribution is $0.21 per limited partner unit and will be payable on May 15, 2017 to all unitholders of record. The declaration was made by the company’s board of directors and came nearly a month after the Board stated …

Continue reading »

Quarterly Results to be Announced by Blueknight Energy

Oklahoma City-based Blueknight Energy Partners, L.P. plans a release of its first quarter 2017 financial results on Wednesday, May 3. The results will be discussed during a conference call at 10 a.m. Blueknight Energy owns and operates a portfolio of midstream energy assets of nearly 9.6 million barrels of combined asphalt product and residual fuel …

Continue reading »

Completion Reports May 1, 2017

  CANADIAN COUNTY Newfield Exploration Mid-con Inc Mississippian(9369): Oil 412.9 Gas 2105 Water 334 Flow 11 14N 8W Marti 1h-11, February 20, 2017 HH, OIL, TD: 14544 ft Lat: 35.69726, Long: -98.02959 API: 35017249640000 KINGFISHER COUNTY Devon Energy Production Co Lp Miss’an (ex Chester)(9448): Oil 1355 Gas 6450 Water 945 Flow 32 16N 9W Pumphouse …

Continue reading »

Permits to Drill May 1, 2017

  Blaine County BIG JOE 9-15N-13W #1H, April 14 2017 09 15N 13W SWSESWSE API: 01123781 Lat: 35.78386749236279, Long: -98.58497975947404 PALOMA OPERATING CO INC SH, AM, 13300 ft, MISSISSIPPIAN(11993), WOODFORD(13300) Blaine County HOILE #1H-25X, April 28 2017 36 16N 11W SWSWSESE API: 01123791 Lat: 35.812766575226966, Long: -98.31694645379159 NEWFIELD EXPLORATION MID-CON INC HH, DR, 21563 ft, …

Continue reading »

Oil and Gas Rig Counts Grew in Oklahoma and US in Past Week

Oklahoma saw an increase in its oil and gas rig count over the past week while the national industry saw the same. Baker Hughes Company of Houston, Texas reported Oklahoma’s count increased by 3 in the past week to reach 127. One year ago, the state’s count was only 60. Nationally, the rig count grew …

Continue reading »

Devon Spacing Pilot Produces Large Well in Kingfisher County

Devon Energy’s spacing pilots in Kingfisher county have produced yet another large well. This one in the Pump House plot is in the upper Meramec of southwest Kingfisher County. The well produced 1,355 barrels of oil daily along with 6,450 Mcf of gas. It is located about 2 miles southeast of the Chisholm Trail Technology center …

Continue reading »

Pruitt Won’t Provide Keynote Address at OK Republican Party Gala

Environmental Protection Agency Administrator Scott Pruitt has backed out of a keynote speaking engagement at the Oklahoma Republican Party Gala, according to a report by News9.com. The former Oklahoma Attorney General confirmed his decision to withdraw from the event during a radio talk show on Thursday morning. The OKGOP affair is set for May 5 …

Continue reading »