Tulsa-based NGL Energy Partners LP has named Christopher Beall to its board of directors of its general partner, NGL Energy Holdings LLC. Beall has more than 16 years of experience in direct investments, investment banking and finance and served as a key investment professional for Highstar Capital prior to joining Oaktree Capital in 2014, according …
May 2016 archive
Seventy Seven Energy Gets Support from Creditors—–Still Plans Chapter 11 Bankruptcy Filing
Days after announcing it had started asking for approval from its creditors of a prepackaqed Chapter 11 bankruptcy reorganization plan, Oklahoma City-based Seventy Seven Energy Inc. stated it had entered into a second amended and Restated Restructuring Support agreement. But it still intends to head to bankruptcy court. In Friday’s announcement, the struggling energy …
DiCaprio Joins Fight Against Dakota Access Pipeline
Dallas-based Energy Transfer Partners LP, the same firm in the midst of a merger with Tulsa’s Williams Companies, has successfully won agreement with every landowner along its $3.8 billion Dakota Access Pipeline in the Dakotas. But the pipeline has picked up opposition from movie star Leonardo DiCaprio who said he is “standing with the Great Sioux Nation …
Big Energy and Water bill Passed by U.S. Senate
Oklahoma U.S. Senators Jim Inhofe and James Lankford were among those who voted to pass a $37.5 billion energy and water bill on Thursday in the Senate. The overwhelming approval came after an impasse was resolved over a Republican amendment that Democrats contended would wrongly weaken the administration’s nuclear deal with Iran. The energy and …
Unfinished Nuclear Power Plant for Sale
For sale: Cheap. Never completed nuclear power plant. Only $36 billion. It’s a want ad you won’t read in the newspaper as the Tennessee Valley Authority decided recently to declare the Bellefonte nuclear plant near Hollywood, Alabama to be surplus. While the 1,600 acre site is unfinished, it’s cost more than $4 billion over the past …
Energy Groups Sue to Stop Greater Protection of Sage Grouse
Even as the U.S. Fish and Wildlife Service moved this week to not relist the Lesser Prairie Chicken as a threatened species, the government was being sued over efforts to protect the greater sage grouse. The Western Energy Alliance and North Dakota Petroleum Council filed suit over the drilling restrictions put in place to protect …
Oklahoma Senate Passes Bill Eliminating Tax Credit for Distressed Wells
A bill passed by the Oklahoma Senate on Thursday would eliminate a tax rebate for economically at-risk oil wells, resulting in a savings of over $130 million for the state. The bill — SB 1577 — authored by Senate President Pro Tempore Brian Bingman and House of Representatives Speaker Jeff Hickman, was approved by a …
Crude Oil Futures Continue to Rise on Thursday
Oil futures maintained positive momentum on Thursday, settling at over $46 a barrel after achieving a new six-month record, according to Bloomberg MarketWatch. Oil prices have seesawed recently due to a myriad of issues including Iran’s efforts to boost production yield, outages causing a decline in global production and a continued dip in crude inventories. …
Permits to Drill May 13, 2016
Alfalfa County PRESLEY SWD #1-27, May 12 2016 27 27N 11W SESWSWSE API: 00322163 Lat: 36.783389483397556, Long: -98.36724547488187 SANDRIDGE EXPLORATION & PRODUCTION LLC SH, RC, 7464 ft, TONKAWA(4250), COTTAGE GROVE(4614) Canadian County SUN UP 29-14N-6W #1H, May 12 2016 29 14N 6W SWSESWSW API: 01724903 Lat: 35.65370032644411, Long: -97.8674693028362 DEVON ENERGY PRODUCTION CO LP HH, …
Completion Reports May 13, 2016
ALFALFA COUNTY Chesapeake Operating Llc 14 25N 12W Dutch Harbor Swd 1-14, March 12, 2016 DH, DISP, TD: 10112 ft Lat: 36.63819, Long: -98.45139 API: 35003219310004 ELLIS COUNTY Jones Energy Llc Cleveland(8457): Oil 120 Gas 387 Water 238 Pump 27 20N 23W Raiders 27 6hr, August 10, 2015 HH, OIL, TD: 12999 ft Lat: 36.17458, …