February 2016 archive

Iran Remarks Boost Crude Prices on Wednesday

Remarks by Iran’s oil minister sparked a rally for crude on Wednesday. March West Texas Intermediate crude tacked on $1.62 to end trade at $30.66 a barrel on the New York Mercantile Exchange. April Brent crude added $2.32 to settle at $34.50 a barrel o…

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Completion Reports February 18 2016

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Permits to Drill February 18 2016

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Layoffs and Sales of Assets Ahead for Devon Energy Leaders But they Sound Optimistic

“2015 provided an extremely challenging business environment for our industry.” Dave Hager, CEO and President.

Despite laying off 1,000 workers amidst the energy downturn, Devon Energy CEO and President David Hager on Wednesday sounded optimi…

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OKC’s LSB Closer to Completion of $750 million Ammonia Plant in Arkansas

Oklahoma based LSB Industries, Inc. says its new 375,000 ton ammonia plant is now mechanically complete at the El Dorado, Arkansas facility. The completion of the nearly $730 million project includes the installation of process vessels and rotating equ…

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North Dakotans Fight Deep Drilling Experiment

Residents of a North Dakota County are putting up a fight over a deep borehole project they contend will be used for nuclear waste disposal.
Officials of Battelle Memorial Institute, the leader researcher and drilling partner Energy and Environmental …

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Seventy Seven Energy Still Struggling—Voluntary Bankruptcy is Still On the Table

Oklahoma City-based Seventy Seven Energy Inc., the spinoff from Chesapeake Energy a few years ago reported Wednesday a drop in fourth quarter 2015 earnings as well as total revenues for 2015 and an increase in losses. And at the same time, it con…

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Seventy Seven Energy Still Struggling—Voluntary Bankruptcy is Still On the Table

Oklahoma City-based Seventy Seven Energy Inc., the spinoff from Chesapeake Energy a few years ago reported Wednesday a drop in fourth quarter 2015 earnings as well as total revenues for 2015 and an increase in losses. And at the same time, it confirmed…

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Latest in SandRidge Energy—-Delays Making Interest Payments

A week before it is scheduled to release its 2015 earnings report, financially-challenged SandRidge Energy, Inc. announced it chose to exercise a grace period and defer making nearly $22 million in interest payments that were due on Tuesday, Feb….

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Latest in SandRidge Energy—-Delays Making Interest Payments

A week before it is scheduled to release its 2015 earnings report, financially-challenged SandRidge Energy, Inc. announced it chose to exercise a grace period and defer making nearly $22 million in interest payments that were due on Tuesday, Feb. 16, 2…

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