There’s a new player in the Oklahoma SCOOP. Oklahoma City-based Gulfport Energy Corporation announced Wednesday that it will acquire nearly 46,400 net surface acres in the core of the Oklahoma SCOOP play from Quantum Energy Partners for a total purchase price of $1.85 billion. The agreement with Vitruvian II Woodford, LLC, a portfolio company of …
2016 archive
AAA Oklahoma: Sooner State Has Lowest Gas Prices in the U.S.
Oklahoma now has the cheapest gas in the nation. After steadily rising to nearly $2 a gallon, Oklahoma’s average price for regular self-serve gasoline fell by three cents over the last five days to a statewide average $1.96 per gallon, according to a report issued Tuesday by AAA Oklahoma. “Globally, oil producers appear committed to …
Crude Oil Futures Fall on Wednesday as Feds Announce Interest Rate Hike
Pressured by reports confirming that OPEC’s production rose in November, crude oil futures slid on Wednesday as the U.S. Federal Reserve announced a slight interest increase prior to the close of markets, according to Bloomberg MarketWatch. January West Texas Intermediate crude fell $1.94 cents, or 3.7%, to settle at $51.04 a barrel on the New York …
Completion Reports December 15, 2016
KAY COUNTY Mackey Consulting & Leasing Llc Mississippi Lime(3225): Oil 2 Water 7 Pump 26 28N 4E Vickery 1-26, November 10, 2016 SH, OIL, TD: 3699 ft Lat: 36.87872, Long: -96.83514 API: 35071243170002 KINGFISHER COUNTY Chaparral Energy Llc Miss’an (ex Chester): Oil 365 Gas 675 Water 2380 Pump 22 16N 6W King Koopa 1606 …
Permits to Drill December 15, 2016
Canadian County BRODERSON 1407 #1-20MH, December 13 2016 20 14N 7W N2NENWNW API: 01724962 Lat: 35.68142006924082, Long: -97.97372103542592 MARATHON OIL COMPANY HH, DR, 14253 ft, MISSISSIPPIAN(9100) Creek County SUDS-PETROLIA #1, December 14 2016 09 15N 10E SESENWNW API: 03729361 Lat: 35.79565362190218, Long: -96.25972931595591 ROCKDALE RESOURCES CORPORATION SH, DR, 3350 ft, CHECKERBOARD(660), CLEVELAND(740), SKINNER(1780), RED …
Ruptured Pipeline Spills Oil Into North Dakota Creek Close to DAPL Site
While nearly 5,000 Standing Rock Sioux tribal members and Dakota Access pipeline protesters remain onsite at the encampment in Cannon Ball, an extensive pipeline spill nearly 150 miles away is seizing attention. The leaky pipeline has spilled more than 176,000 gallons of crude oil from the Belle Fourche pipeline into the Ash Coulee Creek located …
Continental Resources STACKS It Up With New Record Well in Blaine County
Continental Resources CEO Harold Hamm has the Midas touch, turning anything into pure gold…in his case, it’s black gold. The Oklahoma City-based energy company announced Wednesday that it set a new corporate record at a well in the Oklahoma STACK play. The Angus Trust well produced 4,642 boe/day in a 24-hour test, comprised of 2,088 …
GM Beats Tesla in Delivery of Electric Car to California Customers
American automaker General Motors has won the sprint with Tesla in the competition to roll out the latest version of an electric vehicle to the general public. GM announced Tuesday it delivered its first group of Chevrolet Bolt EV electric cars to three customers in Fremont, California – the same city where Elon Musk’s rival …
OSHA Investigating Western Kansas Oilfield Explosion That Injured Five
Five people were hospitalized following a western Kansas oilfield explosion on Monday morning. The blast occurred around 7:30 a.m. in an area southwest of Sharon Springs in Wallace County, Kansas. Fire Chief Jay Sharp with Rural Fire District 2 said workers were performing a drill stem test when something caused the gas to leak out of …
WTI and Brent Crude Reach New Heights on Tuesday
Crude oil futures continued their ascent on Tuesday, settling at their highest level since July 2015 after an energy watchdog lifted its demand forecast for this year and predicted that production cuts by major oil-producing nations will rebalance the market, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added …
