May 15, 2017 archive

Crude Oil Futures Surge on Monday as Saudi Energy Minister Promotes Agreement Extension

After two weeks of retreating settlements, crude oil futures rallied on Monday after energy ministers from Saudi Arabia and Russia released a joint statement supporting a nine-month extension of OPEC production cuts, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude surged by $1.01, or 2.1%, to settle at …

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Completion Reports May 16, 2017

  CANADIAN COUNTY Devon Energy Production Co Lp Mississippian(11149): Oil 401 Gas 6040 Water 758 Flow 16 14N 9W Red Square 16-14n-9w 1h, April 11, 2017 HH, GAS, TD: 15708 ft Lat: 35.68248, Long: -98.15542 API: 35017249320000 Marathon Oil Company Mississippian(8470): Oil 315 Gas 1373 Water 230 Flow 16 12N 6W Davis 1206 1-16mh, November …

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Permits to Drill May 16, 2017

  Blaine County HOSKINS 36-20N-13W #1H, May 15 2017 01 19N 13W NENWNWNW API: 01123803 Lat: 36.15814736743012, Long: -98.54634698757305 DEVON ENERGY PRODUCTION CO LP HH, DR, 14205 ft, MISSISSIPPIAN(7975), WOODFORD(9550), HUNTON(9610) Dewey County REGINA 1915 #1-18H, May 12 2017 07 19N 15W SWSWSWSW API: 04323514 Lat: 36.13039005091244, Long: -98.84871787303899 SANDRIDGE EXPLORATION & PRODUCTION LLC HH, …

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Chaparral’s First Quarterly Report Post-Bankruptcy—–Intends to Devote Drilling Totally to the STACK

  Fresh off Chapter 11 reorganization, Oklahoma City-based Chaparral Energy, Inc. announced Monday a new long-term strategy of transitioning to a pure-play STACK operation. Chaparral announced the elimination of $1.2 billion in debt in the first quarter where the company focused the entirety of its drilling activity in the STACK play. The company said its …

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Oklahoma Still Has 2nd Cheapest Gasoline in the U.S.

For a third straight week, Oklahoma’s average gasoline prices are the second lowest in the nation. The state’s average this week, according to AAA Oklahoma is $2.07 a gallon, down 12 cents from a month ago. Oklahoma’s average trails only South Carolina’s $2.01 a gallon and is 27 cents below the national average of $2.34. …

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Group Wants Google to Dump “Fake News” about Fracking

How far it might get is one thing, but a Texas energy group wants Google to purge or bury what it considers “fake News” websites that spread misinformation about fracking. Texans for Natural Gas, an industry-funded group has made the request. “We believe many of the most prominent anti-fracking websites have content that is misleading, …

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Kansas Residents Fight Injection Well Fearing More Earthquakes in Flint Hills

Earthquakes and wastewater injection wells are attracting more criticism and concern. ┬áSounds like Oklahoma but it’s in Kansas where some of the earthquakes in northern Oklahoma have been felt and caused damage. Last fall’s 5.8 magnitude quake in Pawnee was not only felt but caused some damage in Kansas. But now residents of East Central …

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Former Electric Cooperative CEO Avoids Prison Time but Not Jail Time Over Embezzlement

Ten months after he was indicted by a multicounty grand jury on charges of embezzling thousands from the Choctaw Electric Cooperative based in Hugo, former CEO and General Manager Terry Matlock has drawn a 10-year suspended prison sentence. Now 54, Matlock, a former state legislator reached the deal last month after pleading Nolo Contendre and …

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New Leadership at Choctaw Electric Cooperative in SE Oklahoma

The merry go-round in leadership at Choctaw Electric Cooperative in Hugo continues with the recent naming of a new CEO and General Manager just a year after the board had hired a new leader. Kooney C. Duncan of Blanchard was named this month to be the new CEO/General Manager. He had been the Commercial and …

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Special Session Necessary to Resolve State Government Budget Hole?

Speculation is growing among political observers at the State Capitol that a special session of the legislature is likely because legislators have yet to reach a budget agreement. Political analyst Scott Mitchell is one of them, saying the House is further along than the State Senate. The Tulsa-based Oklahoma Policy Institute also believes lawmakers are …

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