September 27, 2017 archive

Crude Oil Futures Settle Above $52 a Barrel on Wednesday

While West Texas Intermediate crude oil futures settled higher, Brent crude futures slid on Wednesday after U.S. government data revealed an unexpected decline in inventories, according to Bloomberg MarketWatch. November West Texas Intermediate crude rose 26 cents, or 0.5%, to settle at $52.14 a barrel on the New York Mercantile Exchange. November Brent crude, the global …

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Completion Reports September 28, 2017

  STEPHENS COUNTY Continental Resources Inc Woodford / Hunton: Oil 546 Gas 4315 Water 2453 Flow 36 1N 5W Cottonwood East 1-25-24xh, March 24, 2017 HH, OIL, TD: 19322 ft Lat: 34.52018, Long: -97.67691 API: 35137274750002    

Permits to Drill September 28, 2017

  Kingfisher County AUGUSTUS MCCRAE 16-05-07 #1H, August 22 2017 07 16N 5W S2SESESE API: 07325755 Lat: 35.87139969447537, Long: -97.76439776778996 CHISHOLM OIL & GAS OPERATING LLC HH, AM, 12070 ft, MISSISSIPPIAN (EX CHESTER)(6793)  

Chesapeake Energy Announces $750 million Notes Available

  Oklahoma City-based Chesapeake Energy announced Wednesday the offering of $750,000,000 in notes due in the coming years. The private placement to eligible buyers focuses on additional 8% senior notes due 2025 and 8% senior notes due 2027. The company stated that the new 2025 notes will be on top of the $1 billion in 8% senior …

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Energy Efficient Economy Report Due Thursday

The American Council for an Energy-Efficient Economy plans to release its 2017 State scorecard on Thursday and one of the states to be highlighted will be Oklahoma. The new scorecard will be released at 10 a.m. and ACEEE indicated there will be shakeups in state rankings with major improvements for Idaho, Nevada, Virginia, Florida and …

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Study Claims Permian Still Holds 70 billion Barrels of Oil

A three-year study of the Permian Basin in Texas and New Mexico indicates the giant play still holds up to 70 billion barrels of recoverable oil. The claim is made by energy researchers at IHS Markit based in Houston. They studied the basin’s key geologic characteristics to get a better estimate of the remaining hydrocarbon …

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Inner Tribal Fight Over Osage Nation Minerals

After successfully suing a wind farm developer in a fight over mining, the Osage Minerals Council finds itself in another fight. It’s being sued by the Third Osage Minerals Council in a dispute over who really owns the Osage Mineral Estate. The Third Osage Minerals Council, on a vote of 4-3 recently moved to take …

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Osage Nation Wins Wind Farm Fight

The fight between the Osage Nation and wind farm developer Enel Green Power took another step this month when the U.S. 10th Circuit Court of Appeals sided with the tribe. The Denver Federal Appeals court, in a unanimous decision overturned a lower court ruling and said Enel Green, the owner of Osage Wind, had to …

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Sierra Club Blames “Big Oil” for State’s Budget Mess

The Sierra Club has a message for Oklahoma Governor Mary Fallin and how to solve the $215 million budget hole. “Tell the governor to close the massive budget hole by making oil and gas pay their fair share,” said the club in its latest attack ad on oil and gas. “Oklahoma is facing a massive …

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No Letup in STACK Success and Interest

There has been no letup in the exploration in Oklahoma’s STACK play as indicated by the latest completion and permits to drill reports published by OK Energy Today. The completion reports show Newfield Exploration with moderate success in a 588 barrel a day oil well in Canadian County and another one in Kingfisher County.  Chesapeake …

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