July 18, 2017 archive

Permits to Drill July 19, 2017

  Blaine County SAWYER #1613 1H-27X, July 18 2017 34 16N 13W SESESESE API: 01123828 Lat: 35.81292388961486, Long: -98.5619941815205 NEWFIELD EXPLORATION MID-CON INC HH, DR, 22131 ft, MISSISSIPPIAN(10358), MISSISSIPPI(11678) Dewey County ANITA 17/8-19-17 #1H, May 12 2017 20 19N 17W S2N2NENE API: 04323513 Lat: 36.11401192251068, Long: -99.02870956704314 TAPSTONE ENERGY LLC HH, AM, 21400 ft, MISSISSIPPIAN(10900) Dewey County …

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Blueknight Declares Quarterly Cash Distribution for 1Q 2017

Oklahoma City-based Blueknight Energy Partners, L.P. announced Tuesday that its general partner board has declared a quarterly cash distribution on the Partnership’s common units of $0.1450 per common unit, unchanged from the Partnership’s first quarter 2017 distribution, as well as a quarterly cash distribution on the Partnership’s preferred units of $0.17875 per preferred unit, according …

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Crude Oil Futures Rebound on Tuesday as OPEC Eyes Rising Output

Crude oil prices rose higher on Tuesday following a report that Saudi Arabia is considering cutting crude exports as U.S. production surges ahead, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose 38 cents, or 0.8%, to settle at $46.40 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, September …

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Completion Reports July 19, 2017

  BLAINE COUNTY Continental Resources Inc 16 16N 11W Jackal 1-16 Swd, January 20, 2017 SH, DISP, TD: 9650 ft Lat: 35.86825, Long: -98.37319 API: 35011230690002 Continental Resources Inc Woodford(13141): Oil 170 Gas 7834 Water 3613 Flow 25 15N 13W Edgemere Farms 1-25-36xh, January 30, 2017 HH, GAS, TD: 23051 ft Lat: 35.75354, Long: -98.53119 API: 35011236120000 CUSTER COUNTY Continental Resources Inc Woodford(14976): Gas …

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Ditch Witch Part of White House Manufacturing Showcase

A White House event held Monday highlighting American manufacturing included a display by Ditch Witch. The Charles Machine Works Co. based in Perry represented Oklahoma in the “Made in America” showcase. It had its JT20 horizontal directional drill on display on the White House lawn. “We are honored to represent the state of Oklahoma,” said …

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Linn Energy Subsidiary Building New Gas Plant in SCOOP and STACK

Oklahoma’s SCOOP and STACK oil and gas plays are getting a new cryogenic gas processing facility, courtesy of Blue Mountain Midstream LLC, a company formerly known as Linn Midstream LLC. Blue Mountain’s a subsidiary of Houston-based Linn Energy Inc. and signed a contract with Midland, Texas-based BCCK Engineering Inc. to build the Chisholm Trail Cryogenic …

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Trump Denies Federal Aid to Cover North Dakota Protest Costs

The federal government’s denied a request by North Dakota Gov. Doug Burgum for a major disaster declaration to cover some of the $38 million in law enforcement costs over the Dakota Access pipeline protests. The governor made the request in April, writing to President Trump. The denial came in May but the governor’s office didn’t …

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Devon and 36 Other Firms Sued and Accused of Causing Sea Rise in California

Oklahoma City-based Devon Energy is one of 37 oil, gas and coal companies sued this week by two California Counties blaming them for the sea level rise and coastal flooding. Marin and San Mateo Counties along with the city of Imperial Beach filed suit claiming the energy companies knew for nearly half a century that …

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Oklahoma Energy Companies Still Active in North Dakota

  While oil production slipped in May in North Dakota, it still has the attention of some Oklahoma oil and gas exploration companies. Oklahoma City-based Continental Resources, according to the North Dakota Department of Mineral Resources has four active rigs in the Bakken. Tulsa-based WPX Energy has two rigs while Marathon Oil has at least …

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EnerVest: A Cautionary Tale of Boom to Bust

Houston-based private equity firm EnerVest has experienced the energy industry’s boom to bust phenomenon firsthand as the company’s $2 billion energy fund has plunged to virtually having little value, according to a recent report by CNBC.com. Reports indicate the firm borrowed heavily and made numerous purchases of oil and gas wells when crude oil prices were high. …

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