Crude prices ended on an upswing Thursday as tensions reached a peak in Libya and an “out of control” Canadian wildfire gained momentum, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate crude added 54 cents, or 1.2%, to end at $44.32 a barrel. Earlier in the day, trading reached as …
May 5, 2016 archive
Completion Reports May 6, 2016
ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian(6720): Oil 130 Gas 1350 Water 617 Flow 5 23N 12W Grothe 2412 1-32h/5h, March 24, 2016 HH, OIL, TD: 16423 ft Lat: 36.49305, Long: -98.51302 API: 35003232530000 CANADIAN COUNTY Cimarex Energy Co Woodford(9023): Oil 187.1 Gas 1808 Water 951 Flow 17 13N 6W Heupel 17-13-6 1xh, November …
Permits to Drill May 6, 2016
Alfalfa County COLUMBIA 36-27-12 SWD #1, May 05 2016 36 27N 12W NWNWNWNW API: 00322710 Lat: 36.781955379279374, Long: -98.44933471660497 CHESAPEAKE OPERATING LLC SH, RC, 7902 ft, SIMPSON(6164) Creek County BREWSTER #1, December 01 2015 06 14N 10E CNENESW API: 03729328 Lat: 35.717734253481815, Long: -96.2909099254331 KEMMERER COMPANY INC SH, DR, 3100 ft, SKINNER(1950), BARTLESVILLE(2400), BOOCH(2600), DUTCHER(2800), …
How Close is SandRidge Energy to Bankruptcy Court?
Officials at Oklahoma City-based SandRidge Energy aren’t talking publicly about it but reports are growing that the firm might be on the verge of filing Chapter 11 bankruptcy. Reuters and the investor website known as Seeking Alpha indicate the company could file as soon as Friday but no later than June 1. SandRidge confirmed weeks …
Small Parts of NW Oklahoma Remain Abnormally Dry
The latest Drought Monitor report for Oklahoma shows less than 2 percent of the state is in the classification of ‘moderate drought’ and 12 percent is abnormally dry. Gary McManus, State Climatologist at the Oklahoma Mesonet indicated that recent rains made improvements in most of the state. While 88 percent of the state is clear …
Chesapeake Announces $450 million Lease Sales…but also $964 million in 1st Q losses
Still struggling with its growing debt, Oklahoma City-based Chesapeake Energy announced Thursday it lost $964 million in the first quarter but a sale of assets apparently sparked interest among investors as shares rose during the day. The sale was of $470 million in STACK holdings in northwest Oklahoma to Newfield Exploration, a Houston, Texas based …
Tulsa Law Firm Expands Energy and Environmental Offices into Colorado
A Tulsa-based law firm recently expanded operations into Denver, Colorado and it means the fifth offices to be opened in the Midwest by Hall Estill, according to a report in the Denver Post. The firm says it will focus on energy and environmental law in Colorado. The growing law firm has offices in Tulsa, Oklahoma …
Legislators Exchange Words Over Amtrak’s Heartland Flyer
The legislator who authored the Eastern Flyer Passenger Rail Initiative to soon begin passenger serve between Tulsa and Oklahoma City is telling other legislators they don’t know what they’re talking about in wanting to cut the state’s share of funding the Heartland Flyer. Rep. Richard Morrissette D-OKC, responded to one legislator who called for …
Hard to Find Gasoline that Isn’t Blended with Ethanol
More than 95 percent of the gasoline used by cars and trucks in the U.S. is now blended with at least 10% ethanol, according to a new report from the Energy Information Administration. At the same time, the use of ethanol-free gasoline is declining.. The government indicates that since most U.S. gasoline is sold as …
Continental Resources Pushes Ahead in STACK Despite 1st Quarter Losses
Despite first-quarter losses of more than $198 million, Oklahoma City-based Continental Resources is moving ahead with plans to increase oil production in the remaining months of 2016. It already increased production in the first three months of the year and in its quarterly report issued this week, the company said it expects to exit …
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