With the Iran Sanctions Act set to expire at the end of the year, the U.S. Senate and the House recently approved an extension of the act and had the support of Oklahoma U.S. Sen. Jim Inhofe. “In failing to adhere to United Nations Security Council Resolutions, Iran has repeatedly demonstrated it cannot be trusted,” …
December 2016 archive
Sen. Lankford Says It’s Time to Pull the Plug on Renewable Fuel Standard Program
If Oklahoma U.S. Sen. James Lankford gets his way, the Environmental Protection Agency’s Renewable Fuel Standard program will be history. At a recent hearing of the Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal management, the Senator said it’s time Congress repealed the entire RFS program. “The ethanol Renewable Fuel Standard mandates …
Friday Settlements End Higher for WTI and Brent Crude
Crude oil futures finished higher on Friday as traders rode the wave of OPEC’s success in striking a production cut designed to shrink supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added 62 cents, or 1.2%, to settle at $51.68 a barrel. For the week, prices were nearly …
Denied! Army Corps Won’t Grant Dakota Access Pipeline Easement
The U.S. Army Corps of Engineers announced Sunday that it will not grant an easement for the controversial Dakota Access Pipeline’s planned route through the Standing Rock Sioux reservation. The surprise decision is a major victory for protesters who contend the pipeline would contaminate drinking water supplies on the reservation and destroy sacred historic and …
Oklahoma Supreme Court Asked to Intervene Again in 1989 Bribed ATT Case
The group seeking a $16 billion bribery refund from ATT over a 1989 bribed vote on a rate case is asking the Oklahoma Supreme Court to order an evidentiary hearing to examine all of the facts surrounding the bribed vote by the Corporation Commission that allowed ATT to keep millions in excess revenue and not …
Oil and Gas Rig Counts Grow in Oklahoma and U.S.
The number of drilling rigs increased in the nation’s oil and gas patch in the past week, growing by 4 to reach a total of 597 while Oklahoma added two, according to figures from the Baker Hughes Company. The nation’s count increased 3 additional oil rigs to reach 477 and one more gas rig to …
Chesapeake Energy: New Look, New Logo
Chesapeake Energy is launching a new company logo for 2017, according to a news report by The Oklahoman. Chesapeake employees were provided a first peek at meetings held this week. The new logo reflects changes in the company and the oil and natural gas industry, according to the report. “Over the past three years, Chesapeake …
Chesapeake Energy Appoints Gloria Boyland to Board of Directors
Oklahoma City-based Chesapeake Energy Corporation announced Friday that Gloria Boyland was appointed to the Board of Directors effective November 30, 2016. Boyland will serve as a member of the Audit Committee and stand for re-election at the 2017 annual meeting to be held on May 19, 2017, according to a company press release. Boyland is …
Completion Reports December 5, 2016
GRADY COUNTY Vitruvian Ii Woodford Llc Springer(14275): Oil 15 Gas 12480 Water 3223 Flow 30 3N 5W Murdock 4-30x31h, September 29, 2016 HH, GAS, TD: 22296 ft Lat: 34.70391, Long: -97.76600 API: 35051240500000 HUGHES COUNTY Tilford Pinson Exploration Llc Booch(2668): Oil 3.9 Water 10 Pump 9 5N 9E Brc (Peggy 1-4h) 1-9, September 28, …
Permits to Drill December 5, 2016
Creek County ALLEN #2, December 02 2016 04 18N 8E CNWNWSW API: 03729329 Lat: 36.06738251811886, Long: -96.47555597615936 BARNES DARRELL SH, DR, 3460 ft, DUTCHER SD /SD/DES MOINES/(3005), BURGESS(3045), MISSISSIPPI(3140), MISENER(3380), VIOLA(3396), SIMPSON(3405) Kingfisher County NEALIS SWD #1, December 02 2016 11 18N 5W SENENESE API: 07325450 Lat: 36.049977768169185, Long: -97.69456298487925 HINKLE OIL & GAS …