BP’s U.S. Lower 48 onshore business announced Wednesday that it will move its Lower 48 headquarters staff from Houston to Denver due to the Rocky Mountain region’s importance as an energy hub, according to a company press release. BP America headquarters will remain in Houston and the Mid-Continent operations office in Oklahoma City will also …
December 2016 archive
ALJ’s Errata Page Whittles $20 Million Off OG&E Rate Increase Recommendation
An Oklahoma Corporation Commission Administrative Law Judge on Friday reduced Oklahoma Gas and Electric Co.’s rate increase by nearly $20 million, according to The Oklahoman. ALJ Ben Jackson issued a one-page errata stating when his figures “were run through the accounting process, an incorrect total was inadvertently reported” on a summary page. OK Energy Today …
Crude Oil Futures End the Week on a Higher Note
Crude oil prices moved higher on Friday as traders remained positive about the overall outcome of OPEC’s production cuts, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added $1, or 2%, to settle at $51.90 a barrel. For the week, prices rose nearly 0.8%. On the London ICE Futures …
Rig Count Slips in Oklahoma but Grows Nationally
While the oil and gas rig count slipped in Oklahoma in the past week, the count grew by 13 nationwide, according to Houston-based Baker Hughes Company. Oklahoma’s count fell to 78, compared to 86 a year ago. Nationwide, the count added 13 to reach 637 including a dozen more oil rigs and one more …
Sierra Club to Pruitt and Trump Supporters—–Get Ready to be Disappointed
The Sierra Club has widened its nationwide fundraising effort on the backs of Donald Trump and the man he has nominated to run the Environmental Protection Agency—-Oklahoma Attorney General Scott Pruitt. “Get ready to be disappointed,” wrote Michael Brune, Executive Director of the Sierra Club in his latest email pitch asking for contributions. “We’re launching …
Pruitt ‘right person to fix EPA’?
Count Justin Haskins as a supporter of Oklahoma Attorney General Scott Pruitt to be head of the Environmental Protection Agency under the new Donald Trump administration. Haskins happens to be Executive Editor of the Chicago-based Heartland Institute and calls Pruitt “the right person to fix broken EPA.” Writing in the Sunday edition of The …
Completion Reports December 19, 2016
CUSTER COUNTY Encino Operating Llc 3 15N 17W Branham 34-2h, November 14, 2016 HH, OIL, TD: 13465 ft Lat: 35.81165, Long: -98.99067 API: 35039224690000 HARPER COUNTY Woodward Iodine Corporation 14 25N 20W Woodward Iodine 22, August 10, 2016 SH, GAS, TD: 7190 ft Lat: 36.63959, Long: -99.32048 API: 35059213900001 KAY COUNTY Donray Petroleum Llc …
Permits to Drill December 19, 2016
Blaine County SPHINX 26-16N-11W #1H, December 15 2016 26 16N 11W SWSESESE API: 01123695 Lat: 35.82734394974832, Long: -98.33213041060186 DEVON ENERGY PRODUCTION CO LP HH, DR, 15451 ft, MISSISSIPPIAN(10539), WOODFORD(11185), HUNTON(11295) Dewey County HEDGES 6-19-17 #1H, December 15 2016 07 19N 17W NENWNWNE API: 04323492 Lat: 36.14342985630552, Long: -99.05105696970448 TAPSTONE ENERGY LLC HH, DR, 16600 …
Key Energy Emerges From Bankruptcy
Another energy company that filed Chapter 11 has emerged from bankruptcy. Houston-based Key Energy made the announcement, stating that it was also relisting on the New York Stock Exchange after eliminating $694 million of its long-term debt in the reorganization. It also shed more than $45 million of annual interest expense going forward, according …
Krauthammer on Pruitt—–“most incendiary nomination by far”
Conservative writer Charles Krauthammer calls Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt “the most incendiary nomination by far” of those picked by Trump to be leaders in his incoming administration. In his Dec. 16 column titled “The Trump Cabinet: Bonfire of the Agencies,” Krauthammer wrote, “Pruitt’s is the most important nomination because it …