The alma mater of late oil tycoon, Aubrey McClendon, has filed a claim against his estate seeking collection on nearly $10 million in unsecured pledges to the university, according to a Wall Street Journal report. In the claim filed with the estate on August 12, Duke University listed the amount of $18.75 million for the total pledge, …
August 24, 2016 archive
Oil Futures Settle Lower on Wednesday as EIA Reports Rise in Inventories
Oil futures plunged on Wednesday following news from a weekly government report confirming a larger-than-expected increase in crude oil inventories, according to Bloomberg MarketWatch. October West Texas Intermediate crude dropped $1.33, or 2.8%, to settle at $46.77 a barrel on the New York Mercantile Exchange. Prices traded around $47.50 a barrel before supply data. On …
Permits to Drill August 25, 2016
Blaine County HAIGLER #1-4H, August 24 2016 04 17N 12W SWSESESE API: 01123641 Lat: 35.97190610299016, Long: -98.47757544418893 COUNCIL OAK RESOURCES LLC HH, DR, 14600 ft, MISSISSIPPIAN(9818), WOODFORD(10416), HUNTON(10525) Canadian County RED SQUARE 16-14N-9W #1H, August 24 2016 16 14N 9W SWSESESE API: 01724932 Lat: 35.68248497036407, Long: -98.15542183186497 DEVON ENERGY PRODUCTION CO LP HH, DR, 15395 …
Completion Reports August 25, 2016
DEWEY COUNTY Mewbourne Oil Company Cleveland(9234): Oil 163 Gas 671 Water 1998 Flow 5 16N 19W Florene 5 Md 2hc, July 07, 2016 HH, OIL, TD: 13680 ft Lat: 35.88517, Long: -99.24947 API: 35043234460000 ELLIS COUNTY Ppp Petroleum Lp Cleveland(9402): Oil 79 Gas 112 Water 923 Flow 29 18N 24W Word 1-29h, August 04, 2016 …
Flaherty Resigns From Tulsa’s Helmerich & Payne
Tulsa-based Helmerich & Payne, Inc. revealed that Jeffrey L. Flaherty, Senior Vice President of Operations, resigned for personal reasons, according to a report filed with the U.S. Securities and Exchange Commission on August 19. A 20 year service veteran, Flaherty joined H&P in January 1996 as a drilling engineer. He became a Vice President in 2006. …
Alberta Energy Regulator Approves SemCAMS’ Wapiti Sour Gas Plant
SemCAMS U.L.C., a Canadian subsidiary of Tulsa-based SemGroup Corporation, recently announced that it received Alberta Energy Regulator approval for its sour gas plant, providing options to Wapiti region producers in the Western Canadian Sedimentary Basin. According to a company press release, the new Wapiti Gas Plant will have the capacity to process 200 million cubic …
Hamm: Trump Is Not Going to Shut Down Fracking
Republican presidential nominee, Donald Trump, understands the issue of municipal governments and their attempts to prohibit hydraulic fracturing. So says Trump’s energy advisor, Harold Hamm. “Trump is not going to shut down fracking or drilling or anything else,” said Hamm. The Continental Resources Inc. CEO is part of a 13-member advisory team providing input to …
Corvex Issues Open Letter to Williams Stockholders on Board Actions
In an open letter to The Williams Companies, Inc. stockholders, Corvex Management LP’s Keith Meister announced his intention to replace the entire board of directors for the Tulsa-based company. Characterizing the current board’s actions over the last two months as “extremely disappointing,” the letter from the former Williams board director details growing discord with the …
Feds Live-Streaming Gulf Oil and Gas Lease Sale
Five months after protesters disrupted an oil and gas lease sale for tracts in the Gulf of Mexico, the government is live-streaming a lease sale but closing the New Orleans site where bids are read. Wednesday’s sale, offering all 23.8 million acres available for drilling and exploration off of the Texas coast, will be the …
September Auction Set for McClendon’s Wine Collection
The family of late oil tycoon, Aubrey McClendon, is selling the remainder of his wine collection valued at nearly $8 million, according to a report in Fort Worth’s Star-Telegram. The massive collection includes more than 4,600 fine bottles of Le Pin, Pétrus, Cult Napa Cabernet and Mouton Rothschild wine, including large format bottles. “I think …
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