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Lawler Gets CEO Contract Extension at Chesapeake
Chesapeake Energy Corporation extended the employment contract of President and CEO Robert “Doug” Lawler until December 31, 2018, according to a recent report published in The Oklahoman. Despite losing more than $14 billion with shares falling almost 70%, the Oklahoma City-based company paid a total of $15.4 million to Lawler last year in the form …
Brexit Woes Push Crude Oil Futures Lower on Tuesday
Oil futures continued their fall on Monday as traders dealt with another day of market volatility while determining the consequences of the Brexit referendum vote, according to Bloomberg MarketWatch. August West Texas Intermediate crude fell $1.31, or 2.8%, to end trading at $46.33 a barrel on the New York Mercantile Exchange. August Brent crude, the …
AAA: Lower Gas Prices Equate to Record-Breaking Holiday Weekend
Independence Day is near with more than 558,000 Oklahomans making preparations to travel during the record-breaking holiday as prices at the pump stabilize, according to a Fuel Gauge report from AAA Oklahoma. The state’s average price is $2.09 a gallon, an increase of less than one cent. “Oklahoma’s gas price average is 48 cents below where …
Completion Reports June 28, 2016
ELLIS COUNTY Ppp Petroleum Lp Cleveland(9215): Oil 240 Gas 85 Water 228 Flow 16 18N 24W Leroy Davis 3-9h, August 17, 2015 HH, OIL, TD: 14432 ft Lat: 36.04186, Long: -99.76448 API: 35045235060002 PONTOTOC COUNTY Crown Energy Company Senora-thurman: Gas 183 Flow 8 4N 6E Sandy Creek 1-8hh, January 28, 2016 HH, GAS, TD: 6500 …
Permits to Drill June 28, 2016
Grady County JACKSON 25-24-10-6 #1XH, June 27 2016 25 10N 6W SWSESESE API: 05124047 Lat: 35.306095602341145, Long: -97.77842854961156 LINN OPERATING INC HH, DR, 19691 ft, MISSISSIPPIAN(9689)
Williams Special Meeting of Shareholders to be Held on Monday
The Tulsa-based Williams Companies will hold a special meeting of shareholders at its headquarters on Monday at 9 a.m. in order to vote on the merger agreement with Energy Transfer Equity, according to a new report issued by The Tulsa World. On Friday, a Delaware chancery court judge ruled in ETE’s favor over the long-awaited …
Brexit Uncertainty Following Vote Results in Oil Futures Plunge
Oil futures sank nearly 5% on Friday in response to the United Kingdom’s referendum vote to leave the European Union, according to Bloomberg MarketWatch. “The unknowns surrounding the Brexit and chances that other countries may follow suit will be seen as a substantial headwind for risk assets, including oil in the near term, while demand …
Completion Reports June 27, 2016
CREEK COUNTY Quartz Mountain Oil & Gas Llc 26 14N 10E Ihle 1-26, February 17, 2016 SH, DRY, TD: 3271 ft Lat: 35.66729, Long: -96.21389 API: 35037293020000 HUGHES COUNTY Petroquest Energy Llc Woodford(5265): Gas 1879 Water 1015 Flow 9 7N 11E Elaine 2-4h, March 11, 2016 HH, GAS, TD: 9862 ft Lat: 35.09957, Long: -96.14537 …
Permits to Drill June 27, 2016
Canadian County MCKINNEY 1207 #1-35WH, June 24 2016 35 12N 7W SESESESW API: 01724914 Lat: 35.46479902188582, Long: -97.91127983114231 PAYROCK ENERGY LLC HH, DR, 15307 ft, WOODFORD(9912) Canadian County ENLOW #3-10, June 24 2016 10 13N 8W CSESE API: 01723669 Lat: 35.61122983121596, Long: -98.0326357993989 SAND POINT PRODUCTION INC SH, RC, 9475 ft, TONKAWA(6784), OSWEGO(8670) Carter County …
WTI, Brent Crude and Natural Gas Post Gains on Thursday
Oil futures climbed back above the key benchmark of $50 a barrel on Thursday, buoyed by traders who speculated that the United Kingdom would remain as a member of the European Union, according to Bloomberg MarketWatch. August West Texas Intermediate crude increased by 98 cents, or 2%, to end trading at $50.11 a barrel on …