2016 archive

Enel Green Power Reaches 1 Gigawatt of Wind Capacity in Oklahoma

Enel Green Power North America says it now is producing 1 gigawatt of wind capacity in Oklahoma, and will mark the completion of its seventh and eighth wind projects by the end of the year. Enel has operated wind farms in Oklahoma since 2012 and started with the MW Rocky Ridge wind farm, according to …

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Continental Resources Redeeming $600 million in Senior Notes

Oklahoma City-based Continental Resources Inc. has announced it is redeeming nearly $600 million in outstanding Senior notes and at the same time expects to reduce its debt to $6.6 billion. The company said it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 and 7 1/8% Senior Notes due 2021 on Nov. …

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Tulsa Energy Company Reports Big Wells near Tuttle

Tulsa-based Citizen Energy has had some success in Grady and Canadian counties, hitting at least two wells that produced more than 1,100 barrels of oil equivalent a day. They were not eye-popping producers like some of the 2,000-barrel-a-day-plus wells reported in some parts of the STACK but are still sizeable producers. One well, the Rosemary …

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SandRidge Emerges From Bankruptcy With $525 Million Liquidity as $3.7 Billion Debt Eliminated

Oklahoma City-based SandRidge Energy, Inc. announced Tuesday it has emerged from Chapter 11 bankruptcy proceedings after satisfying all of the necessary requirements under its court-approved reorganization plan. The oil and natural gas producer exited bankruptcy with approximately $525 million in total liquidity by combining its unrestricted cash balance with the availability under its first lien credit …

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Crude Oil Futures Fall on Tuesday, Ahead of Weekly Supply Data

Oil futures settled lower on Tuesday, as traders awaited weekly data that is expected to reflect an increase in domestic crude supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude lost 12 cents, or 0.2%, to settle at $48.69 a barrel. On the London ICE Futures Exchange, December Brent …

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Completion Reports October 5, 2016

  CANADIAN COUNTY Citizen Energy Ii Llc Mississippian: Oil 800 Gas 2042 Water 1972 Flow 16 10N 5W Rikella 2h-16-9, June 09, 2016 HH, OIL, TD: 15681 ft Lat: 35.33416, Long: -97.73930 API: 35017248970000 GRADY COUNTY Citizen Energy Ii Llc Mississippian: Oil 1335 Gas 3562 Water 889 Flow 1 9N 6W Rosemary 1h-1-36, April 11, …

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Permits to Drill October 5, 2016

Canadian County WILLIAMS #1H-3106X, July 25 2016 31 11N 7W NENWNWNE API: 01724929 Lat: 35.39097177558444, Long: -97.97972512842162 CIMAREX ENERGY CO HH, AM, 21321 ft, MISSISSIPPIAN(11000), WOODFORD(11289), HUNTON(11438) Canadian County OPPEL #1H-17-20, June 21 2016 09 11N 7W NWSESWSW API: 01724912 Lat: 35.43615731670723, Long: -97.95183725027096 CITIZEN ENERGY II LLC HH, AM, 19100 ft, MISSISSIPPI(10550), WOODFORD(10700) Kingfisher …

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Former Chesapeake Exec Lands Leadership Position at Swift Energy

Former Chesapeake Energy executive Marcus Rowland has taken over as chairman of the board of Houston-based Swift Energy Company. Rowland previously had been the Chief Financial Officer at Chesapeake Energy and his term as chairman will expire in 2019. The company said his appointment followed the retirement of CEO Terry Earl Swift and CFO Alton Heckaman Jr. …

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Marathon Oil Unloads $235 million in Holdings

A year after Marathon Oil spent $888 million acquiring holdings in Oklahoma’s Anadarko shale reserve, the company has signed a deal to sell some of its non-core assets in western Texas and New Mexico for $235 million. The company did not reveal the identity of the buy but explained the properties produced nearly 4,000 barrels …

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Pawnee Rattled by Another Earthquake

  Nearly a month after a record 5.8 magnitude earthquake struck Pawnee, the city was rattled early Tuesday morning by a 3.5 magnitude quake. The U.S. Geological Survey says its epicenter was about 10 miles northwest of the city but at last word, there were no reports of damage or injury. It is the latest …

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