June 20, 2017 archive

Crude Oil Futures Slump on Tuesday With Bear Market in Sight

Crude oil futures flirted with bear market territory and slid to their lowest finish since August on Tuesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude declined by 97 cents, or 2.2%, to settle at $43.23 a barrel on the contract’s expiration day. It marked the lowest front month …

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Completion Reports June 21, 2017

  BLAINE COUNTY Continental Resources Inc Mississippi Lime(12057): Oil 570 Gas 5226 Water 939 Flow 19 15N 12W Macdonalds Quarter 1-18h, April 10, 2017 HH, OIL, TD: 17224 ft Lat: 35.76774, Long: -98.51061 API: 35011237330000 Continental Resources Inc Mississippian(8797): Oil 1071 Gas 6198 Water 1677 Flow 36 15N 11W Mowery 1-36h, April 07, 2017 HH, …

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Permits to Drill June 21, 2017

  Blaine County REBA JO #1-13H, June 06 2017 13 15N 11W SWSESWSW API: 01123812 Lat: 35.76923516510762, Long: -98.32817164592232 CONTINENTAL RESOURCES INC HH, AM, 15705 ft, MISSISSIPPI LIME(10865) Blaine County STIEB #1-12H, March 22 2017 12 15N 13W NENENENE API: 01123767 Lat: 35.79698446043638, Long: -98.52656427116655 CONTINENTAL RESOURCES INC HH, AM, 16774 ft, MISSISSIPPIAN(10764) Canadian County …

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Lawsuit by Vertical Well Operator Settled in OKC Federal Court

Even as vertical well drillers pressed their opposition in the just-concluded Oklahoma legislature against a bill to give more power to horizontal well operators, some had been in court for months. Now the battle by Almont Energy LLC and TLS Oil and Gas Inc. in its lawsuit against Newfield Exploration Mid-Continent Inc. has been settled …

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Environmental Group Contends Texas has Worst Methane Pollution in the U.S.

A new report by the Texas Grassroots Network claims the state is home to some of the worst methane pollution and ozone smog in the country. The report, entitled “Oil and Gas Pollution’s Impacts on Texas Families” charged Texas lacks meaningful standards for detecting and repairing leaks. “Each day, oil and gas activities across the …

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Drilling Rights Bring Higher Prices

Even with oil prices in the $45 range, oil and gas developers aren’t backing off from paying high prices to drill on land in Oklahoma’s two big oil plays, the STACK and the SCOOP. As The Oklahoman reported this week, two companies recently paid more than $1 million each to do drilling in Kingfisher and …

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Despite Opposing a Wind Farm, US Senator is Named to Save Energy Board

Maybe U.S. Sen. Lamar Alexander had a good reason to oppose a $100 million wind farm proposed by NextEra Energy in his home state of Tennessee. But there appears to be a bit of contradiction this week when he was named as one of seven new Directors to the Alliance to Save Energy. The Republican …

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STACK is Busier Than Ever

There’s good reason ONEOK announced this week a $130 million plan to expand its natural gas and oil gathering pipeline systems in Oklahoma’s STACK—–the STACK is busy. Witness the completion reports indicated in OK Energy Today on Tuesday. All seven well completions came in the STACK. While they weren’t the monster wells of a thousand-plus …

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GOP Legislator Critical of Republicans Over Gas Tax Vote

Like those who say congress doesn’t see beyond the Beltway in Washington, D.C., a Guthrie legislator is critical of his own GOP colleagues for not seeing beyond the state capitol. “The decision to vote on the gas tax increase demonstrated the Republicans’ inability to see beyond the artificial bubble that surrounds the capitol,” wrote Rep. …

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Congressmen Want Easier Cross-Border Energy Operations

Oklahoma U.S. Rep. Markwayne Mullin has joined forces with Texas Democratic Rep. Gene Green in introducing a bill to expand cross-border energy infrastructure. The two sided up to introduce H.R. 2883, the Promoting Cross-Border Energy Infrastructure Act which is meant to encourage and promote the construction of energy infrastructure across border lines with North American …

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