April 4, 2017 archive

Oil Futures Buoyed on Tuesday by Expectations of Declining Inventories

Crude oil prices rebounded on Tuesday, settling at a four-week high after rising on expectations that weekly domestic inventory data would show a decline, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, May West Texas Intermediate crude oil rose 79 cents, or 1.6%, to settle at $51.03 a barrel. Earlier in the session, …

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Completion Reports April 5, 2017

  CANADIAN COUNTY Newfield Exploration Mid-con Inc Mississippian(8302): Oil 588 Gas 367 Water 835 Flow 27 14N 6W Eileen 1h-14x, February 22, 2017 HH, OIL, TD: 18665 ft Lat: 35.66675, Long: -97.81841 API: 35017249440000 GRADY COUNTY Newfield Exploration Mid-con Inc Springer(13335): Oil 485 Gas 926 Water 295 Flow 10 3N 5W Auld 2h-34x, December 17, …

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Permits to Drill April 5, 2017

  Garvin County HAMMER/SOUTHERN #8-3, April 04 2017 03 2N 2W CNESWSE API: 04923277 Lat: 34.66924465233087, Long: -97.3932746479199 BAYS EXPLORATION INC SH, RC, 7630 ft, SYCAMORE(6300) Grady County E J CRADDOCK #8-28X21H, March 13 2017 33 5N 6W SWNWNENE API: 05124114 Lat: 34.868518508057804, Long: -97.83267433497836 GULFPORT ENERGY CORP HH, AM, 25700 ft, WOODFORD(14856) Grady County …

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Nuclear Waste Site Battle Brewing in Texas

Quite a fight over nuclear waste is brewing in Texas. As the Dallas Morning News reports, it’s about an application by a firm to store nuclear waste in west Texas. Waste Control Specialists is the company that wants to store the waste in Andrews County located about five hours drive west of Dallas. But it’s …

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Pruitt Gets Advice at EPA……..Inhofe’s Frustrated Over Lack of Help for Pruitt

    What Politico’s Morning Energy Report is saying about two Oklahomans. “A retiring veteran climate change specialist has sent EPA Administrator Scott Pruitt a letter warning him of a sea change in agency morale and suggesting he needs to provide better reasons for changing course on policy if he wants the support of the …

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Energy Battle is Set….Small Producers Challenge Oil Giants

A rally is planned Wednesday at the State Capitol by a newly-formed group called the Oklahoma Energy Producers Alliance. It’s a group of small oil and natural gas producers who are calling on the legislature to restore the gross production tax from 2% to 7% on all oil and natural gas. And they are taking …

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New York Firm to Begin Drilling Exploration Wells in Osage County

Drilling is expected to start this week on four exploration wells in Osage County by the New York-based Petro River Oil Corp. The company made the announcement, stating its core strategy is to drill vertical wells in relatively shallow conventional legacy reservoirs using modern 3D seismic surveys. Petro River has acquired 106,000 acres in Osage …

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Slight Increase in Oklahoma Gasoline Prices

Gasoline prices rose several cents a gallon in the past week in Oklahoma, resulting in a statewide average of $2.10 a gallon, still low enough to rank in the top ten lowest states in the country, according to Oklahoma AAA. The new average is three cents lower in the past month. The organization reports gasoline …

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