Oil futures ended at a six-week low on Friday as OPEC plans to reduce production appear on the verge of collapse, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell 59 cents, or 1.3%, to settle at $44.07 a barrel on the New York Mercantile Exchange, after tapping a low of $43.57. Futures lost …
November 2016 archive
Cushing Shook by 5.0 Magnitude Earthquake on Sunday Evening
Cushing was rattled with a large earthquake on Sunday evening, according to data from the U.S. Geological Survey. The USGS preliminary report was a 5.3 magnitude but it has been downgraded to a 5.0 magnitude earthquake. The temblor struck Payne County at approximately 7:44 p.m. Its epicenter was located one mile west of Cushing. It …
America’s Plan to Speed Up Charging Infrastructure and Rollout of Electric Vehicles
The White House announced new actions to accelerate the deployment of electric vehicles and charging infrastructure on Friday. The U.S. Department of Transportation’s Federal Highway Administration is designating 48 EV charging corridors along 25,000 miles of interstate highways to make it easier for drivers to switch to electric vehicles and cut greenhouse gas emissions in …
SEC Report Shows Chesapeake Named in Two New Federal Lawsuits
Oklahoma City-based Chesapeake Energy Corporation is the target of two separate legal actions filed in October, according to a quarterly report filed with the U.S. Securities and Exchange Commission on Friday. In the company’s Form 10-Q filed on November 3, Chesapeake confirmed it received a voluntary document request from the SEC seeking information on its …
Completion Reports November 7, 2016
CARTER COUNTY Citation Oil & Gas Corporation 15 4S 3W Healdton Iv Unit (Coffey) 25-3, June 10, 2016 SH, TA, TD: 1150 ft Lat: 34.20799, Long: -97.50936 API: 35019090950001 Citation Oil & Gas Corporation 4 4S 3W Dundee Healdton Sand Unit 15-4, June 10, 2016 SH, TA, TD: 1115 ft Lat: 34.23280, Long: -97.52511 …
Permits to Drill November 7, 2016
Blaine County VERONA #3-23-14XH, November 03 2016 26 16N 10W SENENWNW API: 01123681 Lat: 35.84011928267911, Long: -98.2385845954155 CONTINENTAL RESOURCES INC HH, DR, 20521 ft, MISSISSIPPIAN(10155) Blaine County VERONA #2-23-14XH, November 03 2016 26 16N 10W SENENWNW API: 01123680 Lat: 35.84011928597793, Long: -98.23868580726703 CONTINENTAL RESOURCES INC HH, DR, 20418 ft, MISSISSIPPIAN(10052) Canadian County EILEEN #1H-14X, November …
Wind Tax Credit Fight Underway
Oklahoma’s Incentive Evaluation Commission will resume consideration this week of recommendations to cut tax credits to the wind industry sooner than planned. The Commission received recommendations from consultant, Public Financial Management which urged an end to wind tax credits by 2018, rather than Jan. 1, 2021 as the state originally intended. The recommendation is part …
Rig Counts Up in Oklahoma and the U.S.
Rig counts in Oklahoma and across the U.S. rose in the past week with Oklahoma adding 3 more to reach a total of 76 working rigs. Nationally, the count reached 569 with an additional 12 rigs, according to numbers from Houston, Texas-based Baker Hughes. However, the numbers vary greatly since Baker Hughes reports no …
Great Plains Reports Earnings After Westar Acquisition
Kansas City, Missouri-based Great Plains Energy reported third quarter earnings of nearly $133 million or $0.86 per share of average common stock outstanding. The $132.7 million in earnings compared to the $126.4 million in the third quarter of 2015 when they were also $0.82 per share. For the first nine months of 2016, the …
Man Gets Time for Forcing Evacuation of Port of Catoosa Business
A man whose telephoned bomb threat forced the evacuation of a company at Tulsa’s Port of Catoosa is headed to prison for the next four years. Robert Dwayne Perry of Muskogee was sentenced Thursday in Rogers County District Court for making the threat to the Linde Corporation on Jan. 30, 2015. He called 911 and …