April 12, 2017 archive

Crude Oil Futures Settle Lower on Wednesday

Oil prices dropped on Wednesday despite a leading government report that showed a weekly decline in domestic crude supplies, according to Bloomberg MarketWatch. May West Texas Intermediate crude fell 29 cents, or 0.5%, to settle at $53.11 a barrel on the New York Mercantile Exchange. Wednesday’s settlement broke the streak for the sixth consecutive session increase …

Continue reading »

Completion Reports April 13, 2017

  BECKHAM COUNTY Fourpoint Energy Llc Marmaton(12648): Oil 44 Gas 3960 Water 4094 Flow 21 11N 23W Klopfenstein 16-11-23 1hb, October 24, 2016 HH, GAS, TD: 18800 ft Lat: 35.42121, Long: -99.62967 API: 35009219790000 CARTER COUNTY Kodiak Oil & Gas Inc Pontotoc(728): Oil 8 Water 34 Pump 27 3S 2W Oil City Unit 55, March …

Continue reading »

Permits to Drill April 13, 2017

  Blaine County BAILEY #1-34-3XH, April 12 2017 34 15N 12W NENENENE API: 01123777 Lat: 35.73896914711965, Long: -98.45598288411277 CONTINENTAL RESOURCES INC HH, DR, 22088 ft, MISSISSIPPI LIME(12071), MISS’AN LM(12309) Blaine County TILLMAN BIA #1H-2017X, April 12 2017 20 16N 12W NWSWSWSW API: 01123778 Lat: 35.84235958306476, Long: -98.50758458241933 CIMAREX ENERGY CO HH, DR, 20966 ft, MISSISSIPPIAN(9750), …

Continue reading »

Alfalfa County

Dewey County

Blaine County

Changes Discovered in Earthquake Numbers in Southern Kansas

Like Oklahoma, the state of Kansas is also experiencing a drop in earthquakes linked to wastewater injection wells. But as The Hutchinson News reported recently, geologists and experts in Kansas also note some other changes about the quakes. They have found there are more earthquakes located away from the wastewater injection wells and there is …

Continue reading »

NARO Convention to Feature Earthquakes, Oklahoma History and Legislative Update

The 2017 OK NARO convention is set to begin in about a week in Norman. Jay Freede with the Oklahoma chapter of the National Association of Royalty Owners said the event will begin with a social gathering Wednesday evening on April 19 at Devon Tower’s Vast Restaurant. But the rest of the events will be …

Continue reading »

Importance of Gross Production Tax on Oil and Gas in Oklahoma

State Treasurer Ken Miller devotes most of his April Oklahoma Economic Report on the gross production tax and the impact of the rates as well as the energy downturn. “In the past five years, the effective tax rate on Oklahoma crude oil and natural gas gross production has been cut in half,” started Miller. His …

Continue reading »

Fracking Fight Moves to Montana Legislature

Advancing in the Montana legislature…a bill to make oil and gas developers justify and get state approval in order to keep secret the chemicals used in hydraulic fracturing. Under the bill, companies have to submit their requests for confidentiality and a $25 feet to the Montana Oil and Gas Conservation Board.  It would not be …

Continue reading »