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Crude Oil Futures Post Gains on Monday as EU Fears Diminish
Oil futures jumped on Monday with the news that the United Kingdom would likely remain a member of the European Union, according to Bloomberg MarketWatch. July West Texas Intermediate climbed $1.39, or 2.9%, on the New York Mercantile Exchange to end trading at $49.37 a barrel. The July contract expires on Tuesday while as August …
CSI Compressco Taps Derek Coffie as New CFO
Derek Coffie was recently named as the Chief Financial Officer for CSI Compressco LP, according to a company press release issued on Monday. Coffie has over 35 years of financial experience working in agribusiness, manufacturing and land-based diesel engine services. Prior to joining CSI Compressco, Coffie served as Vice President of Finance and Controller for United Holdings, …
Completion Reports June 21, 2016
CARTER COUNTY Citation Oil & Gas Corporation 29 4S 1W Cottonwood Creek 29-d 1, June 20, 2016 SH, TA, TD: 13613 ft Lat: 34.17455, Long: -97.33293 API: 35019237480005 GRADY COUNTY Warren American Oil Company Llc Viola-1stbromide: Oil 109 Gas 173 Water 135 Flow 23 5N 5W Henson 4-23, April 29, 2016 DH, OIL, TD: 12525 …
Permits to Drill June 21, 2016
Canadian County PARKER #1H-23, June 20 2016 27 13N 7W SENENENE API: 01724911 Lat: 35.579408691887565, Long: -97.9243574624055 NEWFIELD EXPLORATION MID-CON INC HH, DR, 14372 ft, MISSISSIPPIAN(9127), HUNTON(9655) Carter County EDWARDS #1, June 20 2016 21 3S 2W CNESENW API: 01905980 Lat: 34.28440667979151, Long: -97.41462775114033 CHATHAM JIMMY R SH, RE, 6385 ft, PONTOTOC(600), DEESE(920) Carter County …
$888 Million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million or 14% of …
Oil Futures Rally on Friday, End Lower for the Week
Oil futures rose on Friday but showed an overall decline for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude tacked on $1.77 or 3.8%, to settle at $47.98 a barrel, ending almost 2.2% lower for the week. On London’s ICE Futures Exchange, August Brent crude climbed …
Completion Reports June 20, 2016
MARSHALL COUNTY Xto Energy Inc Woodford(6148): Oil 336 Gas 184 Water 633 Flow 11 5S 6E Flenniken 3-11h2, May 13, 2016 HH, OIL, TD: 11338 ft Lat: 34.14294, Long: -96.64928 API: 35095206480001 Xto Energy Inc Woodford(6226): Oil 381 Gas 380 Water 489 Flow 11 5S 6E Flenniken 4-11h2, May 12, 2016 HH, OIL, TD: 11362 …
Permits to Drill June 20, 2016
Blaine County LAURA FIU #1-4H, June 17 2016 04 15N 11W S2SWSWSE API: 01123618 Lat: 35.79822637117894, Long: -98.37428771920894 CONTINENTAL RESOURCES INC HH, DR, 16097 ft, MISSISSIPPIAN(11280) Garvin County MISS GRACIE #1-18, June 17 2016 18 3N 1W NWNWSWSE API: 04924757 Lat: 34.72738580600692, Long: -97.34364677310464 RANKEN ENERGY CORPORATION SH, RC, 6410 ft, DEESE 4922 6 OIL(CREEK), …
Crude Oil Futures Freefall on Thursday
Oil futures plunged for a sixth consecutive trading session on Thursday, according to Bloomberg MarketWatch. July West Texas Intermediate crude plummeted $1.80, or 3.8%, to end trade on the New York Mercantile Exchange at $46.21 a barrel, its lowest close since May 13. August Brent crude, the global benchmark, dropped $1.78, or 3.6%, on London’s …
Completion Reports June 17, 2016
ELLIS COUNTY Le Norman Operating Llc Cleveland(8413): Oil 120 Gas 1046 Water 125 Gas Lift 34 20N 24W Barton 1h-34, April 20, 2016 HH, OIL, TD: 13212 ft Lat: 36.17264, Long: -99.74992 API: 35045236040000 Le Norman Operating Llc Cleveland(8413): Oil 120 Gas 1046 Water 125 Gas Lift 34 20N 24W Barton 1h-34, April 20, 2016 …