Crude oil futures plunged on Thursday, suffering a price drop of nearly 5% as traders were disappointed with OPEC’s decision to temporarily extend production cuts, according to Bloomberg MarketWatch. July West Texas Intermediate crude dropped $2.46, or 4.8%, to settle at $48.90 a barrel on the New York Mercantile Exchange. July Brent crude, the global benchmark, …
May 25, 2017 archive
Completion Reports May 26, 2017
BLAINE COUNTY Continental Resources Inc Miss’an Lm(11132): Oil 307 Gas 14917 Water 2640 Flow 1 14N 12W Nuzum 1-1-12xh, April 03, 2017 HH, GAS, TD: 22550 ft Lat: 35.72460, Long: -98.43170 API: 35011235740000 Continental Resources Inc Mississippian(10211): Oil 517 Gas 874 Water 2069 Flow 24 16N 11W Bernhardt 5-13h, March 01, 2017 HH, OIL, …
Permits to Drill May 26, 2017
Blaine County HYDRA 29_20-16N-10W #1HX, May 25 2017 29 16N 10W SWSESESE API: 01123808 Lat: 35.827081976865635, Long: -98.27952493414287 DEVON ENERGY PRODUCTION CO LP HH, DR, 20267 ft, MISSISSIPPI LIME(9283), WOODFORD(10718) Canadian County BLONDIE 26-11-6 #1H, May 25 2017 26 11N 6W SESESESE API: 01725017 Lat: 35.39233780608755, Long: -97.79646946732798 JONES ENERGY LLC HH, DR, 13471 …
Power Firms Rejected Again by Kansas Corporation Commission
The Kansas Corporation Commission decided this week not to a petition for reconsideration of its rejection of a merger between Great Plains Energy and Westar Energy. It was April 19 when the KCC denied approval of Kansas City-based Great Plains Energy’s acquisition of Westar Energy, the largest electrical utility in the state. The two firms …
Despite Oil and Gas Resurgence in North Dakota, Homeless Numbers are Up
While North Dakota officials like to brag about the economic impact of the oil and gas industry in their state, there’s also a dirty little secret. The number of homeless people in the state has increased over the last year, thanks to the industry. Jeannie Messall, director of the Missouri Valley Coalition for Homeless People …
Inhofe to President—-Dump the Paris Climate Agreement!
Oklahoma U.S. Sen. Jim Inhofe joined with 20 other Senators in urging President Trump to withdraw from the Paris Climate Agreement. They signed a letter sent to the President and applauded his executive actions undoing what they called “overreaching” environmental regulations from the Obama administration, specifically the Clean Power Plan regulations. The Senators told the …
Oil and Gas Campaign Money for Legislators
Those Democrats in the Oklahoma House and Senate who fought tooth and nail against changes in the gross production tax on oil and gas weren’t ashamed to take money at the same time from the oil and gas industry. The list includes House Minority leader Rep. Scott Inman who has blasted the industry and accused …
Energy Groups Applaud House Passage of Lateral Drilling Bill
The Oklahoma House approval of the Senate Bill extending lateral oil and gas drilling drew support from two major industry groups, the Oklahoma Oil and Gas Association and the Oklahoma Independent Petroleum Association. Both agreed the measure would be a key economic development tool for the state, allowing energy companies to drill more wells and …
Governor to Decide Fate of Extended Lateral Drilling Bill
Governor Mary Fallin will have the final say on a controversial bill to allow for extended lateral drill in the state of Oklahoma. The State house, in debate on Wednesday voted 51-46 to pass Senate Bill 867 which allows energy companies to drill horizontal wells longer than one mile in nonshale formations. Representative Weldon Watson …
WTI, Brent Crude Fall on Wednesday After Six Consecutive Gains
Prior to Thursday’s highly anticipated OPEC meeting in Vienna, crude oil prices dropped on Wednesday as traders anxiously awaited the announcement on an end or continuation of the production agreement, according to Bloomberg MarketWatch. July West Texas Intermediate crude shed 11 cents, or 0.2%, to settle at $51.36 a barrel on the New York Mercantile Exchange. …
- 1
- 2
