July 19, 2016 archive

Completion Reports July 20, 2016

ALFALFA COUNTY Chesapeake Operating Llc 15 25N 12W Betty Jo 22-25-12 1h, June 29, 2016 HH, TA, TD: 11662 ft Lat: 36.63838, Long: -98.48304 API: 35003232090000 HUGHES COUNTY Petroquest Energy Llc 23 7N 11E Lynn 3-14h, May 23, 2016 HH, DRY, TD: 409 ft Lat: 35.06980, Long: -96.11597 API: 35063245880000 Petroquest Energy Llc Woodford(5757): Gas …

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Permits to Drill July 20, 2016

Beaver County HENNIGH #1-11, July 19 2016 11 2N 26E S2S2SWNW API: 00723983 Lat: 36.65291379524782, Long: -100.2334426621411 LATIGO OIL AND GAS INC SH, RC, 5900 ft, CHASE(3028) Hughes County CLAIRE #2-23/26H, July 19 2016 14 7N 11E SWNESESW API: 06324604 Lat: 35.074958640878066, Long: -96.11674209914612 PETROQUEST ENERGY LLC HH, DR, 13098 ft, WOODFORD(5800) Hughes County CLAIRE …

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Congressman Russell Announces Town Hall Meetings

Oklahoma Congressman Steve Russell has announced that he will hold two town hall meetings on Thursday, July 21, 2016 in Oklahoma City. A “Bring Your Own Brown Bag Lunch” gathering will be hosted at noon at the OSU-OKC Student Center and at 6 p.m. at Francis Tuttle Technology Center. Both events are open to the public. The …

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Final Step Taken to Delist Lesser Prairie Chicken

Oklahoma U.S. Sen. Jim Inhofe is one happy man today after the final step was taken to delist the Lesser Prairie Chicken. The chairman of the U.S. Senate Environment and Public Works Committee has spent the past few years fighting the Obama administration’s efforts to protect the bird, a move opposed by oil and gas …

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Lawler Targets Oklahoma Among Other Sites for BP’s Lower 48 Production

Two years after he left Oklahoma’s SandRidge Energy to take over the Lower 48 operations of British Petroleum, David Lawler still has some sights set on Oklahoma oil production. It’s what he indicated in a recent interview with Forbes. Lawler, 46, is the brother of Chesapeake Energy Corp. CEO Doug Lawler. “It is an honor …

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Oklahoma’s Gasoline Average Drops Again

Oklahoma’s average gasoline price has taken another drop in the past week, reaching a level of $1.97, the lowest since May 12, according to data released by AAA Oklahoma. Nationally, the average is $2.21 a gallon, the lowest mark for this time of year since 2004. It is also 55 cents below the price average …

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Energy Tax Credits in Line for State Review

While it has been tasked with reviewing and making recommendations about the fate of dozens of tax credit programs from wind farms to ethanol in Oklahoma to next year’s legislature, the Oklahoma Incentive Commission is not exactly racing down the stretch. Lyle Roggow, chairman of the Commission said afterward, “we’re making great headway.”  In last week’s …

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Chesapeake Settlement Leads One Winning Attorney to Sue Another in Texas

So much for the partying after a massive settlement of a lawsuit against an Oklahoma City energy company. One of the attorneys who sued and brought about a $53 million settlement with Chesapeake Energy in a Texas royalty fight now has gone to court against his co-counsel. Jim Ward wants a third of the legal …

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Laredo Announces Common Stock Offering to Fund Midland Basin Acquisition

Closely following a significant $125 million acquisition in the Midland Basin area, Tulsa-based Laredo Petroleum, Inc. announced that the company is partnering with Credit Suisse Securities (USA) LLC for a stock offering expected to net $136.3 million. According to Laredo’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 18, 2016, the …

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Mark Cuban Invests in Oil and Gas Tech Company

From high tech where he made his millions to owning the Dallas Mavericks, businessman Mark Cuban now is investing in oil and gas. Using his Radical Investments, he’s become the first external investor of BetaZi, a firm described as an early-stage data science company. And Cuban’s excited about it. “BetaZi is the definition of disruptive …

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