Oklahoma gasoline prices are seven cents lower this week, averaging $2.09 a gallon at the beginning of the summer driving season, according to the latest fuel report issued on Monday by AAA Oklahoma. The $1.95 a gallon average in Muskogee is lowest in the state while Stillwater has the highest average at $2.20 a gallon. …
June 20, 2016 archive
Crude Oil Futures Post Gains on Monday as EU Fears Diminish
Oil futures jumped on Monday with the news that the United Kingdom would likely remain a member of the European Union, according to Bloomberg MarketWatch. July West Texas Intermediate climbed $1.39, or 2.9%, on the New York Mercantile Exchange to end trading at $49.37 a barrel. The July contract expires on Tuesday while as August …
CSI Compressco Taps Derek Coffie as New CFO
Derek Coffie was recently named as the Chief Financial Officer for CSI Compressco LP, according to a company press release issued on Monday. Coffie has over 35 years of financial experience working in agribusiness, manufacturing and land-based diesel engine services. Prior to joining CSI Compressco, Coffie served as Vice President of Finance and Controller for United Holdings, …
Completion Reports June 21, 2016
CARTER COUNTY Citation Oil & Gas Corporation 29 4S 1W Cottonwood Creek 29-d 1, June 20, 2016 SH, TA, TD: 13613 ft Lat: 34.17455, Long: -97.33293 API: 35019237480005 GRADY COUNTY Warren American Oil Company Llc Viola-1stbromide: Oil 109 Gas 173 Water 135 Flow 23 5N 5W Henson 4-23, April 29, 2016 DH, OIL, TD: 12525 …
Permits to Drill June 21, 2016
Canadian County PARKER #1H-23, June 20 2016 27 13N 7W SENENENE API: 01724911 Lat: 35.579408691887565, Long: -97.9243574624055 NEWFIELD EXPLORATION MID-CON INC HH, DR, 14372 ft, MISSISSIPPIAN(9127), HUNTON(9655) Carter County EDWARDS #1, June 20 2016 21 3S 2W CNESENW API: 01905980 Lat: 34.28440667979151, Long: -97.41462775114033 CHATHAM JIMMY R SH, RE, 6385 ft, PONTOTOC(600), DEESE(920) Carter County …
$888 Million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million or 14% of …
$888 million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million …
SandRidge Bankruptcy Stalls Fraud Lawsuit in Stephens County
A Stephens County District Court judge has put on hold a local lawsuit accusing Chesapeake Energy and former SandRidge CEO Tom Ward of intentionally depressing bids and oil leases in the oil and gas industry. The lawsuit is similar to a federal lawsuit filed against Chesapeake and others in Oklahoma City U.S. District Court. …
Oklahoma’s Energy Sector Took Another Hit in May
Oklahoma’s latest jobless figures show the oil and gas industry is still bleeding badly in the world downturn, dropping 400 more jobs from April to May. Lynn Gray, Director of Economic Research and Analysis for the Oklahoma Employment Security Commission says the state’s energy sector has lost 19,200 jobs since its employment peaked in November …
Lawsuit by Williams Cos. in Muddy Merger Dismissed in Delaware
One of the lawsuits filed by Williams Cos. against Energy Transfer Equity in their muddy merger battle did not go to trial on Monday in Delaware as scheduled. Instead, the two firms agreed to a dismal and ETE of Dallas said it would pay $170,000 to cover court fees of Williams. Williams sued ETE in …
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