February 3, 2016 archive

Completion Reports February 4 2016

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Permits to Drill February 4 2016

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Production Cut Optimism Pushes Crude Above $30 on Wednesday

Traders bought into new signals that Russia wants to talk with OPEC about production cuts pushing crude prices higher on Wednesday. March West Texas Intermediate crude rose $2.40 to settle at $32.28 a barrel on the New York Mercantile Exchange. April B…

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SandRidge Energy Confirms Layoffs

SandRidge Energy confirmed Wednesday that it reduced its Oklahoma City workforce by 172 workers. The Oklahoma City staff was reduced from 548 to 376. The total SandRidge workforce is 717, down from 1,157 employees at the beginning of 2016. That’s a tot…

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Bethel Students Tackle Earthquake Safety

Some students at the Bethel High School have decided to tackle Oklahoma’s earthquake problem. Based on their success in another area, the STEM club members have decided to incorporate science, technology, engineering and math in making a difference by …

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USGS—-Don’t Blame Fracking for Oklahoma Earthquakes

While many environmentalists and anti-oil and gas industry advocates contend ‘fracking’ has caused Oklahoma’s surge in earthquakes, a recent study by the U.S. Geological Survey says otherwise. However, it points to the hundreds of wastewater or “…

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USGS—-Don’t Blame Fracking for Oklahoma Earthquakes

While many environmentalists and anti-oil and gas industry advocates contend ‘fracking’ has caused Oklahoma’s surge in earthquakes, a recent study by the U.S. Geological Survey says otherwise. However, it points to the hundreds of wastewater or “salt w…

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Inhofe Challenges Administration’s new Stream Protection Rule

“We must be cautious to ensure we don’t regulate into extinction one of the most important energy sources for this country.”

Oklahoma U.S. Senator Jim Inhofe continued his criticism Wednesday of the Obama administration and its environmental eff…

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Chesapeake Energy to Release 4th Q Results in 3 Weeks.

Another energy company to watch regarding its financial challenges is Oklahoma City-based Chesapeake Energy and the company announced this week it will release its 2015 fourth quarter and year-end operational updates and financial results on Wednesday,…

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Layoffs Underway at SandRidge Energy?

Oklahoma City-based SandRidge Energy reportedly started making more layoffs on Tuesday as many reports indicate the firm is on the verge of filing for bankruptcy over its $4 billion in debt.
Social media is filled with comments of SandRidge work…

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