May 17, 2017 archive

WTI Rises, Moves Closer to $50 a Barrel Benchmark on Wednesday

Oil prices climbed on Wednesday after the EIA reported favorable data on declining U.S. crude inventories, according to Bloomberg MarketWatch. June West Texas Intermediate crude¬†tacked on 41 cents, or 0.8%, to settle at $49.07 a barrel on the New York Mercantile Exchange. July Brent crude, the global benchmark, rose 56 cents, or 1.1%, to a …

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Completion Reports May 18, 2017

  DEWEY COUNTY Tapstone Energy Llc Mississippi Lime: Oil 436 Gas 1399 Water 2969 Pump / Gas Lift 7 19N 17W Hedges 6-19-17 1h, March 22, 2017 HH, OIL, TD: 16525 ft Lat: 36.14342, Long: -99.05105 API: 35043234920000 GRADY COUNTY Continental Resources Inc Woodford(14572): Oil 921 Gas 15757 Water 1952 Flow 1 4N 6W Peppered …

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Permits to Drill May 18, 2017

  Canadian County ROSEWOOD 16-12-7 #1H, March 17 2017 16 12N 7W NESWSWSW API: 01724983 Lat: 35.5091803347881, Long: -97.95280740228361 JONES ENERGY LLC HH, AM, 14631 ft, MISSISSIPPIAN(9645), WOODFORD(9981), HUNTON(10132) Creek County FARRIS #37, May 08 2017 17 18N 7E E2E2SWSW API: 03729371 Lat: 36.03382851471719, Long: -96.59792698513372 MID-CON ENERGY OPERATING LLC DH, AM, 3000 ft, LAYTON(1400), …

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Energy Workers to Compete with Record Number of Memorial Day Travelers

Amidst those energy trucks hauling equipment to and from sites, whether it’s oil and gas well sites or wind farms or even downed utility lines will be a record number of Americans this Memorial Day weekend. It’s what AAA is projecting as it indicates an estimated 39.3 million Americans will take a trip 50 miles …

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Inhofe Warns Highway FAST Act Might Not be Enough

Oklahoma U.S. Sen. Jim Inhofe used a Senate subcommittee hearing this week to warn a highway improvement plan called the FAST Act is likely not enough to meet the nation’s highway needs, including those in Oklahoma. “The current investment is not enough to fully address our maintenance and new capacity needs,” said the Senator as …

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Oilfield Equipment Supply Headquarters Destroyed by Elk City Tornado

  An oilfield equipment supply company is one of those destroyed by the tornado that struck Elk City Tuesday evening. Moran Equipment, a firm that reportedly opened its doors in 2015 was leveled by the twister that rolled across the south side of the city. Efforts to reach the firm were met with unanswered phone …

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WSJ says “era of lawless environmental regulation is over” under Scott Pruitt

EPA Administrator Scott Pruitt finally got some good press this week in the form of a Wall Street Journal editorial. “EPA Administrator Scott Pruitt is wasting no time broadcasting that an era of lawless environmental regulation is over,” wrote editors. “One of the best signals so far is the agency’s agreement last week to let …

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Democrats Showed Their Contempt for Oklahoma’s Oil and Gas Industry

Oklahoma’s oil and gas industry became a poster boy for contempt for State House Democrats Tuesday night as they hammered energy producers for not paying their fair share of taxes. As Mustang Rep. Leslie Osborn unveiled the newly-compromised House Bill 2414, she was pelted with question after pointed question from Democrats. Late Tuesday night, the …

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