The Oklahoma Department of Commerce announced Wednesday that Tulsa-based oil and natural gas equipment manufacturer Summit ESP LLC has pledged to hire 148 new employees in exchange for $3.1 million in economic incentives under the Oklahoma Quality Jobs Program. Summit was one of four companies enrolled during December of 2016 under the program, which provides …
January 2017 archive
WTI, Brent Crude Settle Higher on Friday, Natural Gas Futures Sink
Crude oil futures finished higher on Friday as all signs point to favorable compliance with OPEC’s global production curb, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude tacked on 23 cents, or 0.4%, to settle at $53.99 a barrel. For the week, the WTI index rose by nearly 0.5% …
Completion Reports January 9, 2017
GARVIN COUNTY Continental Resources Inc 19 1N 1W Warren 1-30-29xh, August 24, 2016 HH, OIL, TD: 17502 ft Lat: 34.53660, Long: -97.35073 API: 35049250760000 Merit Energy Company 2 3N 4W N.e.purdy Spr. (Arneson 4) K-16, December 28, 2016 SH, TA, TD: 9986 ft Lat: 34.75559, Long: -97.59608 API: 35049397660003
Permits to Drill January 9, 2017
Custer County STOGSDILL #1-28-33XH, November 30 2016 28 15N 15W NENENWNE API: 03922492 Lat: 35.7535524585342, Long: -98.79715521178107 CONTINENTAL RESOURCES INC HH, AM, 24692 ft, MISSISSIPPIAN(12400), WOODFORD(14686) Ellis County PEACOCK 36-19-26 #1HC, January 06 2017 25 19N 26W S2S2SESE API: 04523631 Lat: 36.086837418545464, Long: -99.91928059778348 FOURPOINT ENERGY LLC HH, DR, 14456 ft, CLEVELAND(9077) Ellis County PEACOCK …
Advice from T. Boone to Trump: Don’t Screw Up and Don’t Settle
Another billionaire oilman with Oklahoma ties has two policy recommendations for the Trump administration concerning the country’s energy plan. As a recent guest columnist for The Dallas Morning News, energy investor T. Boone Pickens outlined two suggestions for President-elect Donald Trump and Rick Perry, Trump’s nominee for the cabinet position of Energy Secretary: Don’t screw …
Chesapeake Close to Settling DFW Airport Board Lawsuit for $8.2 Million
The Dallas/Fort Worth Airport board moved closer to settling its lawsuit against Oklahoma City-based Chesapeake Energy Corporation on Thursday, according to a report in the Fort Worth Star-Telegram. The airport board was expected to vote on accepting $8.2 million as final settlement to resolve the legal dispute. OK Energy Today reported on August 31, 2016 …
Erin Brockovich Returns to Oklahoma for Meetings in Pawnee, Cushing and Stillwater
The communities of Pawnee, Cushing and Stillwater will host earthquake forums on January 12-13 featuring environmental activist Erin Brockovich. Her life was the subject of a Hollywood motion picture in 2000 featuring Oscar winner, Julia Roberts. Brockovich continues to advocate on matters involving environmental issues. She appeared at an earthquake town hall meeting at UCO …
Crude Oil Futures Rise on Thursday as EIA Report Reveals 7.1 Million Stockpile Drop
Crude oil futures on Thursday rose for a second straight session to finish at a one-week high as investors were pleased with U.S. government data that revealed a drop in weekly crude supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude rose by 50 cents, or 0.9%, to …
Tallgrass Energy and Rockies Express Pipeline Announce Zone 3 Project Near Completion
Tallgrass Energy and Rockies Express Pipeline LLC (“REX”) announced Thursday that the 0.8 billion cubic feet per day REX Zone 3 Capacity Enhancement Project is nearly complete. REX’s Zone 3 is capable of bidirectional natural gas transportation and can now move 2.6 billion cubic feet per day of natural gas from Clarington, Ohio, to delivery …
Completion Reports January 6, 2017
GARVIN COUNTY Merit Energy Company 34 4N 4W Ne Purdy Springer Sand Unit A H-9d, December 28, 2016 SH, INJ, TD: 4875 ft Lat: 34.78144, Long: -97.59892 API: 35049013080001 Merit Energy Company 21 4N 4W Purdy Hart Su Ne (Ball B#1) D-3, December 22, 2016 null, OIL, TD: 9000 ft Lat: 34.80284, Long: -97.61785 …