In response to last week’s earthquakes in Lincoln County, the Oklahoma Corporation Commission on Friday announced two disposal wells must shut down while 19 other wells must reduce wastewater disposal well operations. New Dominion LLC’s B. Smith 31 well and Hulen Operating Co.’s Threatt 18-3 well were within 3 miles of eight small-magnitude earthquakes that rocked the …
August 2016 archive
Baker Hughes: U.S. Active Rig Count Ascends by Ten
The number of active U.S. rigs rose for the eighth week in a row, according to the Baker Hughes rig count released on Friday. The U.S. rig count rose by 10 to reach 491 active rigs after hitting a record low of 404 in May. Overall, the U.S. is down 394 rigs from last year’s …
OGE Exercises Right of First Offer to Acquire CenterPoint Interest in Enable
OGE Energy Corp. said Friday it exercised its right of first offer to increase the utility’s stake in Enable Midstream Partners LP along with an unnamed third party, according to a report in The Oklahoman. OGE Energy currently holds a 26.3 percent limited partnership interest in Enable. The offer comes after Houston-based CenterPoint Energy Inc. …
Arkansas Files Cease & Desist Against Texas Wind Turbine Maker
The Arkansas Securities Commissioner filed a cease and desist order on Thursday against a Texas-based company that makes wind farm turbines. The Commission said that Dragonfly Industries of Frisco, Texas, and its CEO Jody Davis committed securities fraud. The Commission alleges Dragonfly sold three investment contracts that were not registered; that Davis failed to tell …
Permits to Drill August 22, 2016
Canadian County MCKINNEY 1207 #1-35MH, June 24 2016 35 12N 7W SESESESW API: 01724914 Lat: 35.46479902188582, Long: -97.91127983114231 MARATHON OIL COMPANY HH, AM, 15307 ft, MISSISSIPPIAN(9330) Grady County GENE CARROLL #1H-8-5, August 19 2016 17 9N 6W NWNENWNW API: 05124062 Lat: 35.260942664398, Long: -97.86279099258174 CITIZEN ENERGY II LLC HH, DR, 21700 ft, MISSISSIPPI LIME(11000) Grady …
SandRidge Bankruptcy Hit With SEC $1.2 Million Whistleblower Claim
The U.S. Securities and Exchange Commission has filed a $1.2 million claim in SandRidge Energy Inc.’s bankruptcy case over the termination of a whistleblower alleging inaccuracies with the company’s reporting of oil and natural gas reserves, according to the Tulsa World. On June 16, the SEC filed a $1.2 million claim in SandRidge’s pending bankruptcy …
Brent Crude Settles Above $50, Ushers In Bull Market on Thursday
The bulls are back! Brent crude closed above $50 a barrel with West Texas Intermediate trailing close behind at $48 a barrel as undaunted traders stayed the course to reach a two-month high on Thursday, according to Bloomberg MarketWatch. A larger-than-expected weekly decline in U.S. crude stockpiles lifted prices by more than 20% from …
Completion Reports August 19, 2016
CUSTER COUNTY Continental Resources Inc Woodford(14408): Oil 20 Gas 1178 Water 4112 Flow 13 15N 15W Luann 1-13-12xh, May 07, 2016 HH, GAS, TD: 21223 ft Lat: 35.76967, Long: -98.74013 API: 35039224610000 Continental Resources Inc Woodford(15213): Oil 14 Gas 1768 Water 4487 Flow 27 15N 15W Konea 1-27-34xh, May 15, 2016 HH, GAS, TD: 20857 …
Permits to Drill August 19, 2016
Blaine County GLENWOOD PEARL FIU #1-19H, August 12 2016 19 16N 12W NWSESWSE API: 01123635 Lat: 35.84229817693606, Long: -98.514114533319 CONTINENTAL RESOURCES INC HH, AM, 15857 ft, OSWEGO(8590), MISSISSIPPIAN(11442), HUNTON(11700) Canadian County ML 6-14N-9W #1H, August 18 2016 06 14N 9W SESESESE API: 01724931 Lat: 35.71137268344699, Long: -98.19019294178602 DEVON ENERGY PRODUCTION CO LP HH, DR, 15590 …
Diamond Pipeline Finalizes Water Protection Agreement With Arkansas Utility
Diamond Pipeline LLC and Clarksville Light and Water Co. announced Wednesday that a $6.6 million deal has been finalized to protect drinking water sources from potential spills, according to an Arkansas Online report. Diamond Pipeline will place $6.6 million in escrow to extend a pipe that feeds a Johnson County, Arkansas water intake facility so …