August 2016 archive

West Texas Intermediate Falls Below $47 a Barrel on Monday

Crude oil futures retreated on Monday as fears mounted that OPEC members may not reach an agreement to stabilize the crude oil market, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell 66 cents, or 1.4%, to settle at $46.98 a barrel. October Brent crude, the global benchmark, …

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Completion Reports August 30, 2016

CARTER COUNTY Postoak Disposal Llc 32 5S 2W Postoak Swd 1, July 13, 2016 SH, DISP, TD: 3100 ft Lat: 34.07182, Long: -97.42334 API: 35019261570002 ELLIS COUNTY Ppp Petroleum Lp Cleveland(9767): Oil 46 Gas 1543 Water 1516 Flow 29 17N 23W Usa 5-29h, August 07, 2016 HH, GAS, TD: 14720 ft Lat: 35.91234, Long: -99.66815 …

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Permits to Drill August 30, 2016

Blaine County TRINITY 33-16N-11W #1H, August 29 2016 33 16N 11W SWSESESE API: 01123644 Lat: 35.81288522770509, Long: -98.36767530159999 DEVON ENERGY PRODUCTION CO LP HH, DR, 15817 ft, MISSISSIPPIAN(9938), WOODFORD(11544), HUNTON(11646) Canadian County MARY ANN 1407 #2-8WH, August 29 2016 08 14N 7W SWSWSWSW API: 01724933 Lat: 35.69736302656059, Long: -97.975989527031 MARATHON OIL COMPANY HH, DR, 14280 …

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More Legal Challenges for Energy Transfer Partners

Dallas-based Energy Transfer Partners, the company that bit off more than it could chew in attempting a failed merger with Tulsa-based Williams Companies finds itself the target of a growing Native American protest of a pipeline project in North Dakota. A protest camp is growing in Cannon Ball, North Dakota where protesters, mostly made up …

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Promotions Announced at Plains All American

Promotions of several officers have been announced by Houston-based Plains All American Pipeline, L.P. Mark Gorman, Dan Nerbonne, Phil Smith and Dwayne Koehn have been promoted or have assumed more responsibilities. Gorman’s currently Executive Vice President Operations and Engineering and is moving to a new role of Executive Vice President. He’ll be a special advisor …

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Chesapeake Increases Offers for Outstanding Notes

  Oklahoma City-based Chesapeake Energy reports the results to date of its pending cash tender offers for its outstanding notes. As a result, it has increased the tender cap for Notes maturing during and after 2019 from $250,000,000 aggregate purchase price to $325,000,000 and together w3ith the $400,000,000 tender cap for Notes maturing prior to …

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OKC’s Enable Midstream Names New Vice President

Oklahoma City-based Enable Midstream Partners has named Craig Harris to be executive vice president and chief commercial officer effective Sept. 6, according to an announcement by Enable’s president and CEO, Rod Sailor. “He brings an impressive track record of success in a variety of roles at energy-related organizations and solid experience in leading the development …

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Williams Companies Name 3 New Independent Directors

TULSA, Okla.–(BUSINESS WIRE)–The Williams Companies, Inc. (NYSE: WMB) (“Williams” or the “Company”) today announced that its Board of Directors has appointed three new independent directors to the Board, effectively immediately: Stephen W. Bergstrom, Scott D. Sheffield and William H. Spence. The three new directors will stand for election at the Company’s 2016 Annual Meeting of …

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Warren Buffett Increases Ownership of Phillips 66

More than 15 percent of the stock of Phillips 66 is now owned by Warren Buffett’s company after it purchased another 414,065 shares in recent days. Berkshire Hathaway, based in Omaha, Nebraska now owns about 79.5 million shares of the company that was founded in Bartlesville. The 79.5 million is 15.2 percent of the Houston-based …

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Williston Man Camps to be Closed by September 1

September 1 is the deadline for Bakken region “man camps” to shut down in Williston, North Dakota. The Williston City Commission gave final approval to an ordinance eliminating the temporary camps for oilfield workers. Operators can seek permission to reopen the man camps if the oil and gas industry goes full throttle again. Many of …

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