Oil futures finished lower Monday as a multi-day OPEC meeting commenced regarding the production cuts and their impact, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas intermediate dropped 19 cents, or 0.4%, to settle at $49.39 a barrel. October Brent crude, the global benchmark, shed 5 cents, or 0.1%, to …
August 7, 2017 archive
Completion Reports August 8, 2017
BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian(9368): Oil 826 Gas 1443 Water 609 Flow 1 16N 10W Stark 6h-1lmx, May 18, 2017 HH, OIL, TD: 19892 ft Lat: 35.89776, Long: -98.21795 API: 35011237120000 CANADIAN COUNTY Jones Energy Llc Mississippian(9613): Oil 628 Gas 6233 Water 1174 Flow 20 12N 7W Bomhoff 20-12-7 2h, May 29, 2017 HH, OIL, TD: 14991 ft Lat: 35.49414, Long: -97.97150 API: 35017249760000 …
Permits to Drill August 8, 2017
Blaine County EAR RINGS #1-15H, August 07 2017 15 17N 13W SWSESWSW API: 01123841 Lat: 35.94309847960962, Long: -98.5809613205543 COUNCIL OAK RESOURCES LLC HH, DR, 16300 ft, MISSISSIPPIAN(10271), WOODFORD(10970) Ellis County BERRYMAN #1423 5H, August 07 2017 11 17N 24W S2S2S2S2 API: 04523686 Lat: 35.9559344644741, Long: -99.72893867354689 EOG RESOURCES INC HH, DR, 20428 ft, MARMATON(9450) Hughes County …
Texas Panhandle Storm Knocked Out Power to Dozens of Oilfield Units
A strong thunderstorm packing high winds caused extensive damage around Pampa, Texas over weekend, leaving dozens of oil pumping units without power. The Amarillo Globe-News reported more than 40 utility poles were downed in the Saturday storm. Crews with Xcel Energy spent the weekend attempting to restore power, but the Pamp Regional Medical Center was …
OSU Led Study of Droughts and Trees
An Oklahoma State University scientist led a study of more than 60 other experts into the increase of hot droughts globally and how they affect plants and vegetation. The study was published in Nature Ecology and Evolution and was spearheaded by Henry Adams. It explored the development of a more accurate land-surface prediction model, according …
Financially Strapped Alaska Gives Go-Ahead to ConocoPhillips Drilling
ConocoPhillips finally gets permission to expand Alaska’s existing North Slope oil field. But it’ll cost the company $7 million in payments to the state and it has to pledge to drill a well by June and make other development steps. The $7 million in payments will exist only if ConocoPhillips will bring the new leases …
Texas Has Been Kind to Chesapeake Energy’s Exploration Efforts
While Oklahoma City’s Chesapeake Energy is retrenching slightly as it cuts rig counts from 18 to 14 for the remainder of the year, the company still has had success in its exploration in Texas. The company reported spending $667 million on exploration in the second quarter of 2017, its principal debt balance was nearly $9.7 …
More STACK Wells Reported by Newfield and Continental
Successful wells keep being hit as oil and gas explorers drill throughout the state. Keeping track of what’s happening in the STACK, OK Energy Today’s well completion reports show Continental Resources Inc. brought in two more wells in Blaine county while Newfield reported five wells also in the STACK. Continental’s were multi-unit wells at 18 16N 10W …
Texas Oilman Caught Misusing Investors’ Money
It’s one thing to raise money for oil and gas ventures and use the money for that purpose. But it’s not when you use the money for personal purposes, such as paying for your children’s college tuition. Ask William “Gilligan” Sewell, owner of 7S Oil and Gas based in Midland, Texas. He’s agreed with the …
Texas Businessman Admits to Smuggling Space Parts to China and Russia
A Texas businessman awaits sentencing after pleading guilty to conspiring to smuggle radiation-hardened integrated circuits to China and Russia for use in their space programs. Peter Zuccarreli, 62 of Plano pleaded guilty recently to violating the International Emergency Economic Powers act. It was in 2015 and last year when he and his co-conspirators agreed to …
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