April 2017 archive

Crude Oil Futures Rebound on Tuesday, Post Higher Settlements

Crude oil futures settled higher on Tuesday, ending a six-session consecutive losing streak that pushed the U.S. benchmark to its lowest settlement of the month, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude climbed by 33 cents, or 0.7%, to settle at $49.56 a barrel. On London’s ICE …

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Completion Reports April 26, 2017

  BLAINE COUNTY Continental Resources Inc Woodford(13426): Oil 10 Gas 660 Water 251 Flow 10 14N 12W Redwood 1-10h, February 12, 2017 HH, GAS, TD: 17916 ft Lat: 35.69683, Long: -98.47152 API: 35011233030002  

Permits to Drill April 26, 2017

  Blaine County REDBUD 7_6-15N-12W #1HX, April 25 2017 07 15N 12W SESWSWSW API: 01123787 Lat: 35.7837547801094, Long: -98.5240962947121 DEVON ENERGY PRODUCTION CO LP HH, DR, 21937 ft, MISSISSIPPIAN(11709), WOODFORD(12521) Blaine County PORKCHOP 34-15N-11W #1H, February 10 2017 34 15N 11W SWSESWSW API: 01123742 Lat: 35.725865654185625, Long: -98.364012899922 PALOMA OPERATING CO INC HH, AM, 16909 …

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Quarterly Drop in Revenue for Baker Hughes

The first quarter of 2017 showed a drop of $148 million in revenue for Houston-based Baker Hughes Co. The company reported revenue for the quarter totaled $2.3 billion, a 6% drop from the previous quarter.  Compared to the first quarter of last year, the revenue was down $408 million or 15% The company blamed the …

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Noble Energy Moves to Expand Holdings in Delaware Basin

Houston-based Noble Energy’s trying to expand its holdings in the Delaware Basin in far west Texas, announcing the acquisition of 64,000 acres in Reeves County. No price was divulged but Noble made the purchase from Clayton Williams Energy, Inc. Noble has recently dedicated infield gas gathering on all of its legacy 47,000 net acres in …

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Dozens of Charges Dropped Against Dakota Access Pipeline Protesters

A published report indicates prosecutors in North Dakota have dropped nearly three dozen cases stemming from arrests of protesters against the Dakota Access Pipeline. The Bismarck Tribune says the 33 misdemeanor cases were dropped by judges and prosecutors and another 14 were handled through guilty pleas. The majority of the cases involving criminal trespass charges. …

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State House Approves 8-year Tax Credit Extension for Aeronautics Industry

Two weeks after the legislature approved a move to cut-short tax credits for the wind industry, the State House has approved a move to extend by 8 years the tax credit for the aeronautical industry in Oklahoma. On a 69-18 vote on Monday, the House approved SB 120. Rep. Scott Fetgatter, R-Okmulgee said his measure …

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107-Year old Mining Safety Regulations Updated in House-passed Bill

Mining safety regulations going back more than 100 years are finally being updated by the state legislature. The Oklahoma House on Monday voted 83-3 to support SB 479, a measure making changes in the regulations. “Some go back to 1910,” explained Rep. Bobby Cleveland of Lexington. He said the State Mining Department had asked for …

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AAA: Oklahoma is Second in the Nation With $2.15/Gallon Average

Tulsa and Oklahoma City drivers are paying less than the statewide average for gasoline, according to the latest report from AAA Oklahoma. While the U.S. average is $2.42 a gallon, the statewide average is $2.15, up six cents from one month ago. Tulsa drivers are paying $2.11 a gallon and Oklahoma City drivers are averaging …

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Supreme Court Rejects Chesapeake Appeal of $439 Million Bond Judgment

The U.S. Supreme Court rejected Chesapeake Energy Corporation’s petition for certiorari on Monday, forcing the company to pay nearly $439 million to investors following a bonds dispute, according to a report by The Oklahoman. The Oklahoma City-based company filed an appeal with the high court on February 2. Chesapeake sought a review of a September …

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