Two men are facing felony charges of larceny of oilfield equipment and transporting a loaded firearm after allegedly taking batteries and solar panels from an oilfield site in Grady County, according to a Chickasha News report. Colton Robbins of Lindsay and Travis Bunch of Nowata were arrested on charges of larceny of the oilfield equipment, …
Oklahoma City-based Continental Resources, Inc. will sell a portion of its non-strategic properties in North Dakota and Montana to an undisclosed buyer for $222 million, according to an announcement issued by the company on Thursday. The sale includes 68,000 acres of leasehold primarily in western Williams County, North Dakota, with 12,000 acres in Roosevelt County, …
The highly coveted STACK and SCOOP areas have caught the interest of an Austin, Texas independent oil and natural gas company with ties to Oklahoma’s storied past. Jones Energy, Inc. announced on Thursday that it signed a definitive purchase and sale agreement to acquire approximately 18,000 acres primarily in southern Canadian and northern Grady counties …
As was announced on our Completion Reports for Wednesday, Continental Resources recently completed the Madeline well in Section 9-16N-12W of Blaine County. The Madeline, which is two miles west of Watonga and two miles north, produced initial production of 2513 barrels of oil and 6148 MCF’s of gas. The Madeline well narrowly nudged Continental’s previous …
Larger-than-expected declines in U.S. oil inventories buoyed the crude oil futures market on Wednesday as trading finished higher for the day, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose 21 cents, or 0.5%, to end trading at $46.79 a barrel on the New York Mercantile Exchange. On London’s ICE Futures Exchange, October Brent …
After proclaiming that America’s oil industry was ‘dead in the water’ earlier this year, billionaire energy investor T. Boone Pickens has changed course and doubled down on energy investments. Energy stocks held by Dallas-based BP Capital Fund Advisors LLC rose by $55 million, or 34%, to $218 million in the second quarter, according to data …
Blaine County LOOKABAUGH 25_24-15N-11W #1HX, August 17 2016 36 15N 11W NWNWNWNW API: 01123639 Lat: 35.73899530857149, Long: -98.3300962470129 DEVON ENERGY PRODUCTION CO LP HH, DR, 21890 ft, MISSISSIPPIAN(10781), WOODFORD(11968) Blaine County CHISHOLM TRAIL 19_18-16N-9W #1HX, August 17 2016 25 16N 10W SENENENE API: 01123638 Lat: 35.83986936463127, Long: -98.20777612945126 DEVON ENERGY PRODUCTION CO LP HH, DR, …
Oklahoma drivers are paying less at the pumps, according to weekly statistics provided by AAA Oklahoma. Lawton has the lowest average in the state at $1.92 a gallon, up two cents since last week. Shawnee has the second lowest average at $1.93, up a nickel in the past several days. Two other cities have lower …
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) issued an advisory bulletin on Tuesday clarifying the regulatory requirements regarding abandoned pipelines based on their operational status. PHMSA regulations do not recognize status of “idle,” “inactive,” or “decommissioned” for hazardous liquid or gas pipelines. The regulations consider pipelines to be either active …
Honeywell subsidiary, Callidus Technologies LLC, announced it is eliminating 30 positions at its south Tulsa headquarters, according to a Tulsa World report. The layoffs are a result of volatility in oil prices coupled with sluggish market conditions, according to a statement issued by company officials on Tuesday. “Today we announced to our employees that we …
