Oil futures continued to slide on Wednesday as government data revealed a surprise climb in domestic crude inventories for a second consecutive week, according to Bloomberg MarketWatch. December West Texas Intermediate crude declined by 37 cents, or 0.7%, to settle at $55.33 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, fell …
November 15, 2017 archive
Devon Hits 5,100 Barrel-a-day Well in STACK
A newly-completed $9 million Devon Energy well in Blaine County is producing a whopping 5,100 oil-equivalent barrels a day, according to an announcement by the Oklahoma City energy company. The Faith Marie 1-H is producing the highest oil productivity of any STACK well to date targeting the Lower Meramec interval said the company. The firm …
In Unprecedented Move, EIA Hosts Harold Hamm at Webinar
Vocal critic of the Energy Information Administration, Oklahoma oilman Harold Hamm is going into the mouth of the lion on Thursday. He will speak at a webinar sponsored by the EIA and appear alongside an EIA analyst as they discuss crude production trends and examine the agency’s oil forecasts. If you recall, it was in …
Marathon Reports Pair of Large Wells in Blaine County
Marathon Oil is reporting two of three recently-completed wells in Blaine County have production of more than 2,000 Boed. The largest had total production of 2,248 Boed. The Alta Bia, located at 31 15N 11W had a February spud date with the end of drilling in April and completion in May 2017. The Landreth well is …
Completion Reports — November 8, 2017 through November 14, 2017
COUNTY Well name SCTN TWN RNG SPOT Completion Date Scan Date API Document Blaine ALTA BIA 1511 1-6-31MXH 31 15N 11W N2 NE NE NE Nov-03-2017 Nov-13-2017 01123689 500614285 Blaine LANDRETH BIA 1-14H 14 15N 11W SE SW SW SW Jul-29-2017 Nov-09-2017 01123762 500613912 Blaine NUGGET 34-20-12 1HC 34 20N 12W SE SW SW …
Permits to Drill — November 8, 2017 through November 14, 2017
COUNTY Well name SCTN TWN RNG SPOT Approval Date Scan Date API Document Blaine FRIESEN 1-31-6XH 31 13N 12W SE NW NW NE Nov-08-2017 Nov-08-2017 01123870 500612918 Blaine GORE 1-25-36 1810MHX 25 18N 10W NW NE NE NE Nov-14-2017 Nov-14-2017 01123879 500615067 Blaine GREENFIELD 1-4-33 1411MHX 9 14N 11W NW NW NW NE Nov-08-2017 …
$746 million Acquistion and Merger Announced by SandRidge Energy
Oklahoma City’s SandRidge Energy announced Wednesday a $746 million acquisition and merger of Bonanza Creek Energy of Denver, Colorado. Under the deal, SandRidge will acquire all of the outstanding shares of common stock of Bonanza Creek in a cash-and-stock transaction valued at $36 per share. The $746 million total transaction value is comprised of $398 …
Chaparral Energy Reports Increased Total Revenues and Growth in the STACK
Oklahoma City’s Chaparral Energy reported third quarter losses of more than $19 million but increased total revenues of $76 million. The company also reported its STACK production grew by 12 percent compared to the second quarter and by 34 percent in the past year. The company said its net loss was $19.1 million. The increase …
Sen. Inhofe Wonders if EPA is Going After NASCAR
Oklahoma U.S. Sen. Jim Inhofe took part Tuesday in a Senate Committee on Environment and Public Works hearing where four bills emphasizing deregulation were targeted. One bill, the Recognizing the Protection of Motorsports Act of 2017 had Sen. Inhofe’s attention because of the involvement in NASCAR by the Love’s Travel Stops company. “We know the …
Transportation Group Opposes More Funding Cuts in Legislature’s Bailout Plan
A transportation advocacy group that says it is dedicated to rebuilding Oklahoma’s transportation infrastructure has come out against the latest budget bailout plan introduced in the special session of the legislature. TRUST which stands for Transportation Revenues Used Strictly for Transportation opposes HB 1019X which would reduce county highway and bridge funding by $80 million …