Even as the Oklahoma House debated and questioned the merits of a $6.8 billion budget bill hours before the sine die adjournment required on Friday, the nagging issue of gross production tax on oil and gas was brought up by Democrats. Mustang Rep. Leslie Osborn presented SB 860, the budget bill and for nearly 90 …
While billionaire Harold Hamm and his Oklahoma City-based Continental Resources have been bashed by Democratic lawmakers in a fight over gross production taxes, his company has revealed the discovery of a STACK well with production of more than 2,100 barrels of oil a day. A completion report, as shown by OK Energy Today indicated the Swaim …
The company said it is also closing two others in the subdivision. “We are confident these wells would be safe to bring back on production at a future date,” said Craig Walters, the company’s vice president for Rockies operations. “However, we recognize the special circumstances and sensitivity around this particular equipment, and therefore, made the …
More than 60 environmental groups want EPA Administrator Scott Pruitt to maintain approaching deadlines for oil and gas operators to cut their emissions of methane. Representing conservation, health, labor and even faith groups, they sent a letter this week to Pruitt. They’re asking he keep in place the Obama-era standards requiring oil and gas companies …
“If we remain in the agreement, we are putting ourselves at significant litigation risk.” Sen. Jim Inhofe on Paris Climate Agreement. Oklahoma U.S. Sen. Jim Inhofe is urging President Trump to withdraw from the Paris Climate Agreement, saying if he doesn’t, the nation could be dragged into court by environmentalists who want enforcement of …
Tulsa-based NGL Energy Partners LP announced on Thursday that it posted $26.5 million in net income for the fourth quarter and $143.9 million for Fiscal Year 2017, according to a company press release. This compares with last year’s net losses of $207 million and $187.1 million, respectively. Earlier in February, NGL issued $500 million of 6.125% …
Crude oil futures plunged on Thursday, suffering a price drop of nearly 5% as traders were disappointed with OPEC’s decision to temporarily extend production cuts, according to Bloomberg MarketWatch. July West Texas Intermediate crude dropped $2.46, or 4.8%, to settle at $48.90 a barrel on the New York Mercantile Exchange. July Brent crude, the global benchmark, …
BLAINE COUNTY Continental Resources Inc Miss’an Lm(11132): Oil 307 Gas 14917 Water 2640 Flow 1 14N 12W Nuzum 1-1-12xh, April 03, 2017 HH, GAS, TD: 22550 ft Lat: 35.72460, Long: -98.43170 API: 35011235740000 Continental Resources Inc Mississippian(10211): Oil 517 Gas 874 Water 2069 Flow 24 16N 11W Bernhardt 5-13h, March 01, 2017 HH, OIL, …
Blaine County HYDRA 29_20-16N-10W #1HX, May 25 2017 29 16N 10W SWSESESE API: 01123808 Lat: 35.827081976865635, Long: -98.27952493414287 DEVON ENERGY PRODUCTION CO LP HH, DR, 20267 ft, MISSISSIPPI LIME(9283), WOODFORD(10718) Canadian County BLONDIE 26-11-6 #1H, May 25 2017 26 11N 6W SESESESE API: 01725017 Lat: 35.39233780608755, Long: -97.79646946732798 JONES ENERGY LLC HH, DR, 13471 …
The Kansas Corporation Commission decided this week not to a petition for reconsideration of its rejection of a merger between Great Plains Energy and Westar Energy. It was April 19 when the KCC denied approval of Kansas City-based Great Plains Energy’s acquisition of Westar Energy, the largest electrical utility in the state. The two firms …
