Oil futures finished at their lowest level in a week, after the International Energy Agency warned that supply will continue to outpace demand during 2017, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell $1.39, or 3%, to settle at $44.90 a barrel, marking its lowest settlement since …
September 13, 2016 archive
Permits to Drill September 14, 2016
Blaine County VERONA #7-23-14XH, August 31 2016 26 16N 10W SWNENENE API: 01123647 Lat: 35.835042460698915, Long: -98.2261458080809 CONTINENTAL RESOURCES INC HH, AM, 19603 ft, MISSISSIPPIAN(10109) Blaine County GILLILAN #9-26-35XH, August 25 2016 26 16N 10W SWNENENE API: 01123642 Lat: 35.839855625374675, Long: -98.22604468113101 CONTINENTAL RESOURCES INC HH, AM, 19433 ft, MISSISSIPPIAN(9871) Blaine County GILLILAN #10-26-35XH, August …
$11 billion Water Bill Gets Amendments from Sen. Inhofe
What Politico’s Morning Energy Report says about the water bill under consideration in the Senate. “ON-WRDA: The Senate’s water infrastructure bill is on track to pass this week after an overwhelming procedural vote Monday night to keep it moving along. The last issue to work out is a dredging dispute between Connecticut and New York …
Feds’ Reaction to Pipeline is Called ‘Unprecedented’
Could the federal government’s handling of the protest by Native Americans of the $4 billion Dakota Access Pipeline be a sign of things to come in the remaining months of the Obama administration? Oklahomans are among those who joined other Indians in North Dakota in fighting the four-state pipeline that a federal judge initially refused to block …
Anadarko Increases Deepwater Gulf Assets
Houston-based Anadarko Petroleum Corp. says it’s paying $2 billion to acquire the deepwater Gulf of Mexico assets belonging to Freeport McMoRan Oil and Gas which is a subsidiary of Freeport-McMoRan Inc. based in Phoenix. The deal is to be concluded before year’s end and will double Anadarko’s ownership in the Lucius deepwater development to 49 …
Total Replaces Chesapeake Energy in Barnett Shale
With the pullout of Oklahoma City’s Chesapeake Energy from the Barnett Shale, Total, the French-owned oil company is moving in to replace it. As a result, France’s largest oil company will be the only company with hydraulic fracturing in the Barnett. Ironically, Total is not allowed to conduct hydraulic fracturing in Europe. In order to …
5,000 Drilled but Uncompleted Wells in the U.S.
A new report by the federal government indicates there are nearly 5,000 drilled but uncompleted wells nationally. The U.S. Energy Information Administration released its monthly Drilling Productivity Report showing DUC counts at the end of august totaled 4,117 in the four oil-dominant regions. Another 914 are in the three-gas-dominant regions. The estimated DUC count in …
OSAGE Tribe Reviewing EPA Well Shutdown Plan
An Osage tribal leader is reviewing earthquake and wastewater injection well plans produced in the wake of the historic 5.8 magnitude earthquake near Pawnee. At the same time, Everett Waller, Chairman of the Osage Minerals Council is promising to do what he can to protect his people. “The safety and welfare of our people is …
OERB Sails Through State Audit
The Oklahoma Energy Resources Board gets a passing grade from State Auditor and Inspector Gary Jones. “The Agency’s internal controls provided reasonable assurance that expenditures were accurately reported in the accounting records,” stated Jones in a recent audit covering July 1, 201 through June 30, 2015. “No exceptions were noted as a result of our …
Oklahoma’s Gasoline Prices Drop to $2.04 average
Oklahoma gasoline prices dropped again in the past week, falling two more cents a gallon to reach a new state average of $2.04 a gallon, according to AAA Oklahoma. The organization reports that is nine cents below the average recorded at the end of August. “It’s interesting to note that gas prices in all Oklahoma …
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