Oil futures settled with a drop of 3% on Monday as investors cashed in on a seven-session streak of gains, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude fell $1.47, or 3%, to settle at $47.05 a barrel. That was the largest one-day dollar and percentage decline since …
August 2016 archive
Completion Reports August 23, 2016
CARTER COUNTY Xto Energy Inc Hewitt: Oil 24 Water 275 Pump 22 4S 2W Hewitt Unit 22-3401, July 21, 2016 SH, OIL, TD: 2481 ft Lat: 34.19363, Long: -97.39062 API: 35019204210003 HARPER COUNTY Orca Operating Company Llc Morrow(6255): Gas 69 Water 1261 Pump 25 26N 20W Jobyna 25-1, August 02, 2016 SH, GAS, TD: 6700 …
Permits to Drill August 23, 2016
Kingfisher County MAD HATTER 1506 #2-34MH, August 19 2016 34 15N 6W NWNENWNW API: 07325364 Lat: 35.73985805361101, Long: -97.8313503526201 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, 12968 ft, MISSISSIPPIAN(7963) Seminole County FISHER #1-26, August 22 2016 26 7N 5E CNWSESW API: 13325233 Lat: 35.04578660283946, Long: -96.75249076928982 GULF EXPLORATION LLC SH, DR, 3400 ft, WEWOKA(1650), CALVIN(2400), SENORA(2880), …
New Mexico Summit to Examine Energy Storage Strategies
U.S. Senator Martin Heinrich (D-New Mexico) will host an Energy Summit in Albuquerque, New Mexico to discuss storage strategies for industry and national security on Tuesday, August 23. The event is free and open to the general public. Guest speakers include representatives from the U.S. Department of Energy, AES Energy Storage and Tesla. Heinrich, a …
Former Williams Director Launches Proxy Battle to Replace Entire Board
A former Williams Companies board member said Monday he will nominate a slate of 10 hedge fund employees as directors of the Williams board to stand for election at the company’s 2016 Annual Meeting, according to a CNBC report. Corvex Management LP founder and activist investor Keith Meister remains one of Williams’ largest shareholders. He …
Elon Musk Wants to Raise The Roof With His Version of Clean Energy
Electric car manufacturer Tesla Motors, Inc. and CEO Elon Musk have set their sights beyond a revolutionary automobile. Musk wants to become a major supplier of clean energy, one roof at a time. Tesla is purchasing SolarCity Corp. in a blockbuster $2.6 billion deal designed to broaden the automaker’s clean energy aspirations by developing residential …
New FAA Drone Rule Effective on August 29
August 29 marks a new dawn in aviation history. That’s when the Federal Aviation Administration’s new small drone rule for non-hobbyists takes effect. On June 21, the FAA released its first operational rules covering safety regulations for unmanned aircraft systems. Operational limitations include: Weight limitation of less than 55 pounds Visual line-of-sight only by remote …
NRC Asks FERC to Prepare Generic Rules on Protecting Sensitive Data
The Nuclear Regulatory Commission asked the Federal Energy Regulatory Commission on Thursday to create generic rules aimed at protecting sensitive information that could threaten critical energy infrastructure. “As the federal regulator of commercial nuclear power plants, the NRC regularly receives and generates information that, if released, could negatively affect, at a minimum, public health and …
West Texas Intermediate Has Best Performance in Five Months
With a return to the bull market, oil futures closed out Friday on a positive note, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose 30 cents, or 0.6%, to settle at $48.52 a barrel. For the week, prices finished over 9% higher than last Friday’s settlement—the best …
Williams Announces Quarterly Dividend
The Williams Companies Board of Directors approved a regular dividend of $0.20 on the company’s common stock, payable September 26, 2016 to holders of record at the close of business September 9, 2016. Tulsa-based Williams has paid a common stock dividend every quarter since 1974, according to a company press release.