June 1, 2016 archive

Oil Futures Rally on Wednesday Ahead of OPEC Meeting

Mixed news of rising oil inventories coupled with unconfirmed reports that crude production restrictions may be a discussion item at Thursday’s biannual OPEC meeting in Austria sent oil futures rallying on Wednesday afternoon despite falling below $48 a barrel, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell 9 cents, or 0.2%, to end …

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Completion Reports June 2, 2016

GRADY COUNTY Newfield Exploration Mid-con Inc Springer(13564): Oil 967 Gas 1241 Water 320 Flow 23 3N 5W Dickey 1h-14, April 05, 2016 HH, OIL, TD: 18729 ft Lat: 34.72378, Long: -97.69323 API: 35051239980000 KINGFISHER COUNTY Newfield Exploration Mid-con Inc Mississippian(7657): Oil 303 Gas 378 Water 441 Flow 16 15N 6W Lankard 1h-16, February 04, 2016 …

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Permits to Drill June 2, 2016

Blaine County WINTERSOLE #1-33-28XH, June 01 2016 04 16N 11W NESWNWNE API: 01123609 Lat: 35.89654219910651, Long: -98.37403634943585 CONTINENTAL RESOURCES INC HH, DR, 19792 ft, MISSISSIPPIAN(10335) Blaine County ZELLA #1-4-9XH, June 01 2016 04 16N 11W NESWNWNE API: 01123610 Lat: 35.896542208534555, Long: -98.3738844239994 CONTINENTAL RESOURCES INC HH, DR, 19541 ft, MISSISSIPPIAN(10283), MISS’AN (EX CHESTER)(10300) Canadian County …

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Independent Petroleum Association of America Attacks Reuters Over Oklahoma Oil Piece

Push back is underway against Reuters for a recent story that blamed Oklahoma’s oil industry for its $1.3 billion dollar budget gap and resulting large cuts in funding for education. It comes from  the Independent Petroleum Association of America and its public outreach campaign, EnergyIndepth.org based in Dallas, Texas and accuses Reuters of ignoring some important …

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Cheapest Gasoline in Oklahoma is in Panhandle

  While gasoline prices in Oklahoma now average $2.13 a gallon, according to AAA Oklahoma, some cities have much higher prices. Highest in the state is the $2.195 average in Altus where prices increased an average of 8 cents a gallon over the past week. Stillwater’s average is only a penny cheaper, about the same …

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May Didn’t Live up to Reputation for Most Severe Weather in Oklahoma

  May is typically the month with the most severe thunderstorms of the year but it didn’t work out that way this year, according to Gary McManus, State Climatologist with the Oklahoma Mesonet. But he reports that there was severe weather somewhere in the state on 16 out of the 31 days in the month. …

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Chesapeake Energy Shareholders Re-elect Directors

All eight sitting members of the Chesapeake Energy Board of Directors were re-elected at a recent annual shareholders meeting held in Oklahoma City. R. Brad Martin was re-chosen as chairman of the board while Archie W. Dunham continued as Chairman Emeritus. Others re-chosen by shareholders were Vincent J. Intrieri, Robert d. Lawler who is also …

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Seventy Seven Energy on Path to Chapter 11 Bankruptcy

Two weeks after choosing not to make an interest pay of $21.5 million, Oklahoma City-based Seventy Seven Energy Inc. is apparently still on path toward filing Chapter 11 bankruptcy. The company announced May 13 it had entered into a second amended and restated restructuring support agreement with some of its lenders. It was a move …

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Whirlpool Corporation adds Wind Power at Two More Plants

Appliance maker Whirlpool says it is spending millions of dollars to install wind turbines at two of its plants in Ohio. The Michigan-based corporation plans to spend $13.5 million to bring wind energy to plants in Ottawa and Marion, Ohio. The company said it expects the turbines to offer electricity consumption by 34 percent at …

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Out-of-Work Coal Miners in Kentucky to be Retrained by Federal Government

With the Obama administration carrying out a war on the coal industry, now the government is granting more than $3 million to help retrain unemployed coal miners in Kentucky. The U.S. Department of Labor announced it funded the $3.4 million grant to help thousands of Kentucky coal miners. But the National Dislocated worker Grant will …

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