Oil futures ended on a higher note Thursday after OPEC members failed to reach an agreement limiting oil production and weekly government reports confirmed a reduction in U.S. crude inventories, according to Bloomberg MarketWatch. July West Texas Intermediate crude tacked on 16 cents, or 0.3%, to end trading on the New York Mercantile Exchange at …
June 2, 2016 archive
Completion Reports June 3, 2016
CADDO COUNTY Territory Resources Llc Marchand: Oil 72 Water 23 Pump 10 5N 9W Walker 2, March 10, 2016 SH, OIL, TD: 6953 ft Lat: 34.91928, Long: -98.13371 API: 35015359780002 HUGHES COUNTY Petroquest Energy Llc Woodford(5140): Gas 3326 Water 1852 Flow 3 7N 11E Peggy 4-10h, March 20, 2016 HH, GAS, TD: 10151 ft Lat: …
Permits to Drill June 3, 2016
Carter County POSTOAK SWD #1, February 25 2016 32 5S 2W SESESESE API: 01926157 Lat: 34.07182270467489, Long: -97.42334127151427 POSTOAK DISPOSAL LLC SH, AM, 3100 ft, PONTOTOC(1350) Hughes County DIANA #2-34H, June 01 2016 03 6N 11E NESWNWNE API: 06324600 Lat: 35.026443380725155, Long: -96.1316507065699 PETROQUEST ENERGY LLC HH, DR, 11470 ft, WOODFORD(5800) Hughes County DIANA #3-34/27H, …
A 21% Drop in Energy Employment in Oklahoma in the Past Year
As jobless rates rose in April in 50 of Oklahoma’s 77 counties, more oil and gas workers were also laid off in the past month, according to the Oklahoma Employment Security Commission. Classified in the Mining and Logging Sector, the number of energy workers dropped from 16,500 in March 2016 to 15,300 in April, or …
Attorneys General Refuse to Turn Over ExxonMobil Investigation Documents to Congress
As the Republicans on the U.S. House Science, Space and Technology Committee attempt to explore whether some Democratic Attorneys General conspired with environmental activists to start a probe of ExxonMobil, they have been thwarted in efforts to obtain documents from them. Attorneys General from New Mexico, Vermont, Washington, Connecticut, Oregon, Maryland, the District of Columbia …
NGL Admits Mistakes were Made…the Company will Restate Earnings
Tulsa-based NGL Energy Partners announced this week that because of an improper accounting of royalty payments it would have to restate its earnings for the past three quarters. In a filing with the Securities and Exchange Commission, the company admitted it had not properly accounted for royalty payments associated with the water solutions agreement. As …
Oil Producers in Osage County Lose Lawsuit Against BIA
The oil and gas producers in Osage County who sued the Bureau of Indian Affairs for allegedly delaying applications for drilling permits had their suit thrown out of court Wednesday by Tulsa U.S. District Judge Gregory Frizzell. He dismissed the suit without prejudice and in essence, agreed with the BIA that the Osage Producers …
Schlumberger Expands Operations with Acquisition of Another Company
Schlumberger, the world-wide company with operations in Oklahoma City and El Reno has widened its holdings with the purchase of a France-based engineering, manufacturing and service company. The cost isn’t known but Schlumberger has acquired Saltel Industries, a firm that offers expandable patches and steel packers technology in the oil and gas industry. Saltel is …
Chesapeake Energy Donates Plaza to Nonprofits Center
Chesapeake Energy Corporation is donating its Chesapeake Community Plaza to the Oklahoma Center for Nonprofits located next to the energy company’s sprawling campus in north Oklahoma City. Chesapeake made the announcement Thursday morning and said the contribution will give the organization full ownership and operation of the Plaza. The Oklahoma Center for Nonprofits has …
Increased Fines Hit Oil and Gas Industry in Colorado
A review of Colorado’s year-old law increasing fines on energy companies for breaking health, safety and environmental rules shows firms might be more careful with their operations. The Associated Press found that regulators levied 74 fines totaling $5.3 million in the past year, far more than any year for the past 20 years. The …
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