Crude oil futures soared on Monday as investors were buoyed by hopes of a future plan by OPEC implementing production limits, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude tacked on $1.25, or 2.8%, to settle at $45.74 a barrel—the highest settlement since July 15. October Brent crude, …
August 15, 2016 archive
Templar Energy Announces Agreement to Restructure $1.45B Debt
Oklahoma City-based Templar Energy LLC and its affiliates announced on Monday that it has reached an agreement with most of its lenders to restructure $1.45 billion in debt and reorganize the company, according to a report by The Oklahoman. Under terms of the restructuring support agreement, the $1.45 billion in debt would be converted into …
Three New Independent Directors to be Added to Williams Board
The Williams Companies announced on Monday that it intends to appoint three new independent directors to its Board of Directors, prior to the company’s annual meeting, according to a Williams press release. The Tulsa-based pipeline company will expand the board to 10 directors, all of whom will stand for election at the company’s annual meeting set …
Completion Reports August 16, 2016
BLAINE COUNTY Cimarex Energy Co Mississippian: Oil 1896 Gas 8906 Water 1005 Flow 28 16N 12W Peterson 1h-2821x, June 26, 2016 HH, OIL, TD: 21286 ft Lat: 35.82753, Long: -98.48068 API: 35011235830000 ELLIS COUNTY Le Norman Operating Llc Tonkawa: Oil 211 Gas 1246 Water 98 Flow 19 17N 23W Cripple Bear 2h-30, April 26, 2016 …
Permits to Drill August 16, 2016
Dewey County HOYT 3 OB ##1HCG, August 15 2016 03 17N 17W SESWSWSE API: 04323474 Lat: 35.97179325492025, Long: -98.99864237451541 MEWBOURNE OIL COMPANY HH, DR, 12615 ft, COTTAGE GROVE(7900)
AIRIS Completes Dust Control Support for Atalaya’s Barnett Well in Elk City
Tulsa-based AIRIS Wellsite Services, a leading expert in dust control solutions to the oil and gas industry, announced completion of another regional dust containment project, according to a company press release issued on Friday. Atalaya Resources contracted with AIRIS to provide full dust control support in order to protect the health and safety of all onsite personnel …
Chesapeake Acquires $1B Loan to Buy Back Senior Debt
In an effort to reduce its mounting debt, Oklahoma City-based Chesapeake Energy Corporation has obtained a 5-year, $1 billion secured loan and will use the proceeds to refinance debt with higher interest rates, according to a NewsOK report. “Chesapeake expects this financing and the tender offers to improve its financial flexibility as it will allow …
