Crude oil futures settled slightly lower on Friday and for the week as traders seemed content with OPEC’s production cut, according to Bloomberg MarketWatch. March West Texas Intermediate crude slid 61 cents, or 1.1%, to settle at $53.17 a barrel on the New York Mercantile Exchange. For the week, the March contract was down less than …
January 2017 archive
Legislator Proposes Plan to Replace Oklahoma Reliance on Energy Sector Taxes
Among the more than 2,000 bills filed for the 2017 session of the Oklahoma legislature is HB 1401, a measure by Rep. John Michael Montgomery to end the state’s reliance on income tax and energy sector taxes. “As I talk with constituents and fellow Oklahomans, it is clear that they want a long-term vision and …
Legislator Proposes 5-cent a barrel fee to receive Out-Of-State Wastewater for Oklahoma Injection Wells
A Democratic lawmaker from Chickasha is proposing a nickel-a-barrel fee on liquids dumped into any injection or wastewater disposal well in the state. Rep. David Perryman’s HB 1330 would also require operators of commercial disposal wells to maintain logs of all loads of “deleterious” substances disposed at the wells. The logs would also have to …
Completion Reports January 30, 2017
ALFALFA COUNTY Chesapeake Operating Llc 14 26N 12W Mississippi 14-26-12 Swd 1, November 09, 2016 DH, DISP, TD: 9108 ft Lat: 36.72881, Long: -98.46749 API: 35003221520002 Chesapeake Operating Llc 23 27N 12W Rice Trust 14-27-12 1h, November 14, 2016 HH, OIL, TD: 10515 ft Lat: 36.81126, Long: -98.46582 API: 35003231870001 BECKHAM COUNTY Enervest Operating …
Permits to Drill January 30, 2017
Blaine County MACDONALDS QUARTER #1-18H, January 27 2017 19 15N 12W E2NWNENE API: 01123733 Lat: 35.767747343024794, Long: -98.51061216860758 CONTINENTAL RESOURCES INC HH, DR, 17424 ft, MISSISSIPPI LIME(11908) Blaine County SPANGLER BIA #1-21-28XH, January 27 2017 16 15N 13W SWSESESE API: 01123731 Lat: 35.7692529207468, Long: -98.58015955653744 MARATHON OIL COMPANY HH, DR, 21054 ft, MISSISSIPPIAN(11168), WOODFORD(12954) …
Rig Counts Continue to Grow in Oklahoma and the U.S.
For a second straight week, rig counts in Oklahoma and across the U.S. increased significantly with Oklahoma adding 5 rigs while the national count grew by 18. Oklahoma’s now up to 96 working rigs. That compares to the 88 rigs reported one year ago at this time, according to Houston-based Baker Hughes Co. The U.S. …
Oklahoma’s STACK Sees More Production and Exploration
Oil and gas exploration is swelling in Oklahoma’s STACK play, witnessed by the latest filings for drilling permits issued at the Oklahoma Corporation Commission and published at OK Energy Today. At least ten permits to drill were issued alone for Kingfisher County in the heart of the STACK. Nine out of the ten permits were …
Governor Names Two to State Water Board
Two appointments have been made by Gov. Mary Fallin to the Oklahoma Water Resources Board. They are Charles ‘Chuck’ Darby of Broken Bow and Rob Stallings of Enid. Both have to still be confirmed by the State Senate when it convenes this year. The governor indicated she will soon fill a third vacancy from the …
Lankford is Critical of Democrats in Pruitt EPA Nomination
Oklahoma U.S. Sen. James Lankford says it could be nearly two more weeks before Attorney General Scott Pruitt is confirmed to be the new Administrator of the Environmental Protection Agency. It’s what he said in an interview with OK Energy Today and he blamed the stall tactics of Democrats in the Senate. “This will …
Continental’s Success in Bakken and STACK Drives 2017 Budget
Oklahoma City-based Continental Resources, Inc. announced plans to double its capital expenditure budget for 2017 in an effort to accelerate production, according to a company press release issued Thursday. Based on the company’s recent success in the Bakken region and Oklahoma’s STACK play, Continental will increase its 2017 capital expenditures budget to $1.95 billion. Of this …