Oil futures receded on Thursday, one day after rising to their highest level since mid-July of last year due to an unexpected weekly drop in U.S. crude supplies and optimism surrounding OPEC’s plan to limit output lifted production, according to Bloomberg MarketWatch. On Thursday, November West Texas Intermediate crude fell $1.17, or 2.3%, to settle …
October 20, 2016 archive
Completion Reports October 21, 2016
CREEK COUNTY Hall Greg Oil & Gas Llc Cleveland(1937): Oil 15 Water 35 Pump 5 19N 8E Blevins 2-5, July 27, 2016 SH, OIL, TD: 2000 ft Lat: 36.15496, Long: -96.47770 API: 35037293420000 GARVIN COUNTY Xanadu Exploration Company Deese 1: Water 70 Pump 1st Bromide(5111): Oil 2 Water 17 Pump 28 3N 1W Green …
Permits to Drill October 21, 2016
Beckham County THOROUGHBRED #1H-36, October 20 2016 36 11N 21W NWNENWNW API: 00921982 Lat: 35.39245676705259, Long: -99.37900781681098 LE NORMAN OPERATING LLC HH, DR, 17994 ft, DES MOINES(13000) Dewey County CURRY TRUST #1-32H, October 20 2016 32 17N 19W NENWNWNE API: 04323484 Lat: 35.912746518727765, Long: -99.24650678013109 JMA ENERGY COMPANY LLC HH, DR, 13689 ft, CLEVELAND(9004) Greer …
Energy Industry to be Spotlighted in Upcoming OSU Economic Outlook Conference in OKC
The 2017 Oklahoma Economic Outlook Conference to be held by the Oklahoma State University Center for Applied Economic Research and the Spears School of Business will be held Dec. 6 at the Metro Technology Centers Springlake Campus in Oklahoma City. This year’s conference will focus on what the sponsors call a “focus on trajectory of …
Permian Oil Production to Increase……Leases Top $45,000 per Acre
Experts are predicting the oil production in the Permian Basin will total more than 2 million barrels a day next month and it will be the highest total since 2007, according to the Energy Information Administration. The EIA indicates the Permian is the only oil play in the U.S. that will see an increase in …
Unfinished Work Leads to Lawsuit filed by Continental Against Seismic Contractor
A dispute over seismic surveys has led to a lawsuit filed by Continental Resources Inc. against one of its contractors. The suit filed in Oklahoma City federal court was against Silverthorne Scoop Seismic LLC of Texas and accused the company of not completing 3-D seismic surveys and failing to pay subcontractors. The suit (cv-01187-M) indicated Continental was …
State’s Biggest Earthquakes—-Not Where Scientists Thought They Would Occur
The director of the Oklahoma Geological Survey says studies show the biggest earthquakes recorded in the state, including the 5.8 magnitude event last month at Pawnee have been at the edges of vulnerable faults, not close to them where active wastewater injection wells are located. It’s what Jeremy Boak told a meeting this week of …
New Partnership Makes $294 million Purchase of SCOOP Acreage
Oklahoma City-based Continental Resources Inc. recently sold 30,000 acres of land in the Oklahoma SCOOP, a sale that boosted the SCOOP efforts of Casillas Petroleum Resource Partners LLC. Casillas is a partnership formed earlier in the year by Tulsa producer Casillas Petroleum Corp. and Kayne Anderson Capital Advisors LP, a Los Angeles private equity firm. …
Halliburton Posts $6 million Profit in 3rd Quarter….Step in the Right Direction says CEO Lesar
Halliburton’s reporting what some call an “unexpected profit” in its third quarter results, this after the company was relieved of charges over its failed merger with Baker Hughes Inc. The company posted a profit of $6 million for the September quarter, or a penny a share. That compares with a loss of $54 million a …
Kansas Corporation Commission Threatens to Halt $12 billion Merger of Great Plains Energy with Westar Energy
The Kansas Corporation Commission has warned it might be inclined to stop the merger of Great Plains Energy Inc. and Westar Energy Inc. unless more details are provided. The warning came in a Tuesday meeting of the KCC as it explored the $12.2 billion sale of Topeka-based Westar Energy to Great Plains Energy, according to the …
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