September 27, 2016 archive

Crude Oil Settlements on Tuesday Erase Gains From Monday

Oil futures retreated by almost 3% on Tuesday after Saudi Arabia and Iran downplayed expectations to freeze or cut production at this week’s informal meeting in Algiers, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell by $1.26, or 2.7%, to settle at $44.67 a barrel, following a gain …

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Completion Reports September 28, 2016

GARVIN COUNTY Glb Exploration Inc Deese(4973): Water 5 Swab Viola- Unconformity /sd/- Deese: Water 32 Pump Viola- Unconformity /sd/: 19 3N 1W Roger 1, August 20, 2016 SH, DRY, TD: 6593 ft Lat: 34.71259, Long: -97.34499 API: 35049250710000 SEMINOLE COUNTY Presley Operating Llc Misener-hunton- Woodford: Gas 40 Water 80 Pump 28 9N 7E Stigini 1-28, …

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Permits to Drill September 28, 2016

Carter County OIL CITY UNIT #55, September 26 2016 27 3S 2W SWNESWNW API: 01926244 Lat: 34.26943041536283, Long: -97.4020592668128 KODIAK OIL & GAS INC SH, DR, 1200 ft, PONTOTOC(850) Carter County OIL CITY UNIT #54, September 26 2016 27 3S 2W NWNESWNW API: 01926243 Lat: 34.2703371734381, Long: -97.40205923750347 KODIAK OIL & GAS INC SH, DR, …

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Oklahoma Gasoline Prices Hit $2.02 average

Gasoline prices have slipped to an Oklahoma average of $2.02 a gallon, a drop of eleven cents since the end of August according to the latest Fuel Gauge Report from AAA Oklahoma. Lawton has the lowest average with $1.89 a gallon while the highest is in Stillwater at $2.11 a gallon. “Inventory reports have been …

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Chesapeake Buys $898 million in Outstanding Notes

While Oklahoma City-based Chesapeake Energy experienced the loss of two board members on Tuesday, the firm also announced final results on its offers to purchase for cash up to $800,000,000 of its outstanding notes. As of September 26, Chesapeake had received valid tenders totaling nearly $933.3 million aggregate principal amount of the Notes. Chesapeake accepted …

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Jury Awards Nearly $14 million to Four men Hurt in Williams’ Louisiana Plant Explosion

A jury in Plaquemine, Louisiana awarded $13. million in damages to four workers hurt in the 2013 blast that ripped through the Olefins Geismar plant owned by Williams Companies of Tulsa. The four were among 114 who were hurt n the blast that also killed two other workers. The Iberville Parish jury deliberated nearly five …

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Two Board Members Resign at Chesapeake Effective Immediately

Following activist investor Carl Icahn’s recent divestiture of nearly half of his holdings in Oklahoma City-based Chesapeake Energy Corporation, the company disclosed the resignation of two board members. Chesapeake filed a Form 8-K with the U.S. Securities and Exchange Commission on Tuesday which revealed the immediate resignation of Vincent J. Intrieri and John J. “Jack” …

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Mexico Says Its Shale Oil Fields will be Open to US Drillers in Early 2017

The huge shale oil fields in Mexico could be open to U.S. drillers as early as March 2017, according to Mexico’s energy secretary Pedro Joaquin Coldwell. It’s what he told energy executives, attorneys and academics last week at Rice University saying the auctions for the northern Mexico shale fields will be part of his country’s …

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Demand will Exceed Oil Output in 2017 Predicts International Energy Leader

The head of the International Energy Agency predicts global oil output will exceed demand until late next year. The prediction comes from Fatih Birol who is Executive Director of the IEA. “We don’t see the oil market re-balancing until late 2017 provided there’s no ‘major intervention’,” he said in an interview this week with Bloomberg …

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Is Kingfisher Wind Farm a Nuisance? OKC Federal Judge to Decide

Oklahoma City U.S. District Judge Timothy D. DeGiusti is being asked to decide if the Kingfisher Wind LLC farm located near Kingfisher is a nuisance to neighbors who don’t want it there. The neighbors formed a group called the Oklahoma Wind Action Association and sued Kingfisher Wind LLC which is a unit of Apex Clean …

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