May 16, 2017 archive

WTI, Brent Crude Drop on Tuesday After IEA Alerts OPEC Extension Not Enough to Rebalance Market

Crude oil settlements finished slightly lower on Tuesday as the International Energy Agency cautioned that a rebalance of the global oil market cannot be achieved if action is solely based on an extension to the OPEC production cut agreement, according to Bloomberg MarketWatch. June West Texas Intermediate crude¬†slid 19 cents, or 0.4%, to settle at …

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Completion Reports May 17, 2017

  BLAINE COUNTY Devon Energy Production Co Lp Mississippian(9837): Oil 753 Gas 2405 Water 812 Flow 1 15N 10W Leona Trust 1-15n-10w 1h, April 26, 2017 HH, OIL, TD: 14940 ft Lat: 35.79828, Long: -98.20779 API: 35011236590000 CANADIAN COUNTY Cimarex Energy Co Mississippian: Oil 164 Gas 170 Water 1210 Flow 23 14N 8W Ted 1h-2314x, …

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Permits to Drill May 17, 2017

  Dewey County PAMELA 15-19N-16W #1H, May 16 2017 15 19N 16W SESWSESW API: 04323515 Lat: 36.1160420139691, Long: -98.89692041485226 DEVON ENERGY PRODUCTION CO LP HH, DR, 15806 ft, MISSISSIPPIAN(8992), WOODFORD(11102), HUNTON(11140) Garfield County PEARL 9-21N-5W #2MH, May 16 2017 09 21N 5W NENWNENW API: 04725099 Lat: 36.31791367732032, Long: -97.74107942639341 WHITE STAR PETROLEUM LLC HH, DR, …

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OIPA Director Criticizes Senate for Eliminating Tax Breaks for Industry

  The Oklahoma Independent Petroleum Association is critical of the budget bill passed this week by the State Senate, saying it could prove harmful to the oil and natural gas industry through the repeal of several gross production tax provisions. OIPA Executive Vice President of Governmental Affairs Tim Wigley said the state has had no …

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Study Shows ‘Flow Lines’ Cause of Majority of Most Oil and Gas Spills and Leaks

An analysis of state agencies’ records shows flow lines have been problems in more than 7,000 spills and leaks since 2009 in the U.S. including the deadly home explosion in Colorado last month, according to E and E News. The energy news group cites cases in Oklahoma involving such lines including a 2011 incident near …

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Lawsuit Blames Monsanto’s Roundup for Causing Cancer in Oklahomans

A Del City couple and a woman from Broken Arrow have filed a federal lawsuit against Monsanto Company, blaming the company’s herbicide Roundup for the cancer they suffer. The lawsuit, CV-00561 was filed in Oklahoma City U.S. District Court by Wanda Clarke and her husband Donald Shepherd who live in Del City and by Esmeralda …

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Oklahoma Oil and Gas Expo to Be Expanded in October

The Oklahoma Oil and Gas Expo planned for October in Oklahoma City will be expanded, according to Sustaining Oklahoma’s Energy Resources, a program under the Oklahoma Energy Resources Board. The new Bennett Event Center at the Oklahoma State Fair Park will be the site of the 21st annual Expo on October 31. The center is …

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Marathon Scores 5 Pilot Wells in Oklahoma’s STACK

Houston, Texas-based Marathon Oil Company’s is one of the latest energy companies to find success in Oklahoma’s STACK. The company recently completed 7 wells in the STACK, five at one site near Kingfisher. The five wells were located at 8 16N 7W or about one mile northwest of the Kingfisher airport. The five Yost wells …

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Democrats Fought and Lost Effort to Block Bill Removing Sales Tax Exemption for Oklahoma Wind Farms

  The call by Democrats in the Oklahoma House to raise the gross production tax on oil and gas is affecting nearly every revenue bill being voted on this week. ¬†While they helped kill the governor’s bill creating a $1.50-a-pack cigarette tax, they also nearly killed a bill remove the sales tax exemption on wind …

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