Tulsa-based NGL Energy Partners LP announced on Tuesday that it acquired a crude oil and condensate marine terminal project and related assets from Pelorus Terminal: Point Comfort, LLC. The Terminal is located at the port in Point Comfort, Texas. The acquisition includes 350,000 shell barrels of storage capacity, multiple truck unloading bays and capabilities of loading both inland and ocean …
October 3, 2016 archive
WTI, Brent Climb Higher on Monday Following Volatile Session
Crude oil futures climbed higher on Monday following a volatile session in which traders weighed the potential outcome of OPEC’s production agreement on current surplus levels, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude rose 57 cents, or 1.2%, to settle at $48.81 a barrel, after touching lows under …
Completion Reports October 4, 2016
KINGFISHER COUNTY Hinkle Oil & Gas Inc 17 17N 5W Horn Swd 1a, August 26, 2016 SH, DISP, TD: 8100 ft Lat: 35.95529, Long: -97.76412 API: 35073253170001 Staghorn Petroleum Llc Miss’an (ex Chester): Oil 876 Gas 1251 Water 1301 Flow 33 18N 9W Bighorn 18-09-33 1h, August 27, 2016 HH, OIL, TD: 13251 ft …
Permits to Drill October 4, 2016
Creek County CANADY #2-A, October 03 2016 14 16N 8E CS2S2SE API: 03729350 Lat: 35.85806153775585, Long: -96.4270771247525 LUKE OIL COMPANY SH, DR, 3800 ft, HOGSHOOTER(1100), LAYTON(1275), JONES /SD/(1750), OSWEGO(2150), PRUE(2300), SKINNER(2450), RED FORK(2600), BARTLESVILLE(2800), DUTCHER(3150) Kingfisher County STITT 7-17-6 #2H, October 03 2016 07 17N 6W NENWNENE API: 07325389 Lat: 35.970242172239395, Long: -97.87505362129068 CHESAPEAKE OPERATING …
Gasoline Hits $2.05 Average in Oklahoma
A slight drop in gasoline prices was reflected over the past week in Oklahoma as the statewide price average hit $2.05 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The average is nearly the same as reported on Sept. 22, Aug. 20, July 5 and May 19. “Gas prices are playing …
October 13 Designated as Oilfield Prayer Day in Oklahoma
Governor Mary Fallin has issued an Executive Proclamation designating October 13 as Oilfield Prayer Day to raise awareness about the state’s distressed energy industry, according to a report by The Oklahoman. An annual breakfast is slated at the Tower Hotel (formerly the Marriott Hotel), 3233 Northwest Expressway in Oklahoma City. The event will conclude with …
State Commits to Finish Highway and Bridge Improvements
Those highways and bridges where oil and gas trucks and big rigs hauling wind farm blades travel in Oklahoma are the target of an 8-year Construction Work Plan approved Monday by the Oklahoma Transportation Commission. The DOT said major improvements have already been made through the Eight-year Construction Work Plan but “much work remains …
Treasurer Still Pessimistic About State’s Economy
“We keep scouring through the data to find signs of an impending turnaround, but it’s just not there.” Treasurer Ken Miller on State’s economy. Those August gross receipts to the Oklahoma Treasury still weigh heavily on the mind of Treasurer Ken Miller as he releases his monthly Oklahoma Economic Report. He doesn’t sound optimistic …
Labor Unions Tell President his Involvement to Stop Dakota Access Pipeline is Chilling
Dallas-based Energy Transfer just got the support of five labor unions this week in the company’s fight to finish construction of its $4 billion Dakota Access Pipeline opposed by the Obama administration. The unions include LiUNA and the International Brotherhood of Teamsters who sent a letter to President Obama expressing deep concerns about his administration’s …
Mammoth Energy Services Initiates IPO to Raise $128 Million
Mammoth Energy Services Inc. became Oklahoma’s newest publicly traded company on Monday when it launched an initial public offering worth $116 million to $140 million, according to a report by The Oklahoman. Mammoth Energy Services is a wholly owned subsidiary of Oklahoma City-based Mammoth Energy Partners LP. The company has previously attempted to transition from …
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