Oil futures climbed on Wednesday to finish at levels last seen in November, as traders turned their attention to U.S. crude production, which fell for a seventh straight week. Prices had pared gains in the immediate wake of U.S. government data released early Wednesday showing that crude supplies rose for a third week in a …
April 27, 2016 archive
T. Boone Pickens Endorses Donald Trump for President
Texas energy investor T. Boone Pickens predicts New York business entrepreneur Donald Trump will win the Republican presidential nomination and the White House. The CEO and Chairman of BP Capital Management said in a recent interview that Trump would be the only candidate to push real change in the US. Pickens, an Oklahoma native and …
Completion Reports April 28, 2016
ALFALFA COUNTY Chesapeake Operating Llc 15 27N 11W A C Land & Cattle 22-27-11 1h, April 11, 2016 HH, TA, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640000 CANADIAN COUNTY Chesapeake Operating Llc 12 14N 5W Chupa Swd 1-12, February 14, 2016 SH, DISP, TD: 10754 ft Lat: 35.70488, Long: -97.67860 API: 35017237860001 KAY …
Permits to Drill April 28, 2016
Ellis County WHITETAIL 14 PA #1HM, April 27 2016 14 19N 26W SWSWSESE API: 04523606 Lat: 36.11595502604216, Long: -99.93854078801333 MEWBOURNE OIL COMPANY HH, DR, 13257 ft, MARMATON(8800) Mcclain County CHAMPLIN #1-14, April 26 2016 14 5N 4W S2NWNENE API: 08721802 Lat: 34.91196359720637, Long: -97.5858320792968 ELDER CRAIG OIL AND GAS LLC SH, RC, 11683 ft, HART(8933), …
Baker Hughes Posts $981 Million Loss in First Quarter
Houston-based Baker Hughes Incorporated posted a $981 million loss in the first quarter of 2016, widening significantly from the same period a year ago, according to the company’s press release. The world’s third largest oilfield services provider reported a bigger quarterly loss on Wednesday, hurt by a continued decline in drilling activity. Baker Hughes attributed …
Legislator Says Earthquakes Will Be With us for Decades because of Wastewater Wells
A Democratic legislator who is also a candidate for Corporation Commission contends that Tuesday’s earthquakes around northeastern Oklahoma County reinforces the contention they are being caused by wastewater injection wells. Rep. Richard Morrissette also believes it means the state will experience seismic activity for years to come, if not decades because “so much saltwater associated …
Bridenstine Amendment Adopted to Speed up LNG Exports
Oklahoma U.S. Rep. Jim Bridenstine walked away with a victory in the House Armed Services Committee on Wednesday when it adopted his amendment to speed up Energy Department decisions on approving Liquefied Natural Gas exports. He called it a “big win” for Oklahoma’s natural gas industry since the state is the fourth largest natural gas …
Williams Faces Uphill Fight for East Coast Pipeline
A proposed $1.2 billion PennEast Pipeline proposed by Tulsa-based Williams Partners L.P. in conjunction with three other firms faces an uphill road after a regional regulatory agency in Pennsylvania indicated this week it wants to carry out an independent review of the project. Williams is in partnership with Cabot Oil and Gas Corp., Piedmont Natural …
Worker Embezzled $450,000 from Houston Energy Firm
An 80-year federal prison sentence could be awaiting a former financial employee who embezzled more than $450,000 from the Southwestern Energy Company in Houston, Texas. Kendra Walker, 28 pleaded guilty this week to wire fraud counts and is free on bond waiting to be sentenced. She worked in the company’s accounts payable department and stole …
51-week Low for Nation’s Ethanol Production
Another drop in the nation’s ethanol production is reported by the U.S. Energy Information Administration. Production averaged 927,000 barrels a day or 38.93 million gallons a day which is a drop of 12,000 barrels daily from the previous week. It also represents a 51-week low for ethanol production in the U.S. the EIA indicated the …
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