Oil futures retreated on Thursday as domestic prices failed to remain above $50 a barrel as OPEC reported that crude production rose in July, according to Bloomberg MarketWatch. September West Texas Intermediate crude shed 97 cents, or 2%, to settle at $48.59 a barrel on the New York Mercantile Exchange. October Brent crude, the global benchmark, fell …
August 10, 2017 archive
Permits to Drill August 11, 2017
Atoka County ALLEN ##1-22H, August 10 2017 14 2S 10E SESWSWSW API: 00520462 Lat: 34.375479516824456, Long: -96.23091329016827 CANYON CREEK ENERGY OPERATING LLC HH, DR, 12550 ft, WOODFORD(6850) Coal County STELLA TUCKER #4-22/27H, August 09 2017 15 1N 10E SWNWSESW API: 02921364 Lat: 34.55156776058955, Long: -96.24428883611107 BRAVO ARKOMA LLC SH, DR, 8200 ft, WOODFORD(8125) Creek County JUDEMAN …
Economic Study of Air Bases in Oklahoma to be Released Monday
The state’s preparing to release an Oklahoma Aviation and Aerospace Economic Impact Study on Monday. The Oklahoma Aeronautics Commission will release the report Aug. 14 during a 2 p.m. news conference at the Oklahoma History Center in Oklahoma City. Gov. Mary Fallin will be joined by Transportation Secretary Mike Patterson, Adjutant general Brigadier Gen. Louis …
Price Gouging Statute Declared in NE Oklahoma Following Storms
Following last weekend’s tornadoes and floods that hit northeast Oklahoma, State Attorney General Mike Hunter announced the implementation of the Emergency Price Stabilization Act in effect for Mayes, Rogers, Tulsa and Wagoner counties. His move aimed against price gouging followed a state of emergency declared Wednesday by Gov. Mary Fallin. It targets those who want …
More STACK Wells Reported by Continental Resources
Harold Hamm can’t stop smiling no doubt as his Continental Resources continues to drill well after well in Oklahoma’s STACK, and find success. With 171,000 acres of leasehold in Oklahoma’s STACK, Hamm’s Oklahoma City-based Continental Resources has brought in four more wells. While they are nothing like the Verona drilled last year with 3,300 Boed …
Campaign Underway for Rep. Osborn’s Run for Labor Commissioner
In making her announcement of being a candidate for State Labor Commissioner, Mustang Rep. Leslie Osborn told supporters the state has serious challenges. At the same time, she said the Labor Commissioner has an important role in “building a better and stronger Oklahoma by championing people, jobs and businesses.” The Republican legislator was a small …
More Speculation About Scott Pruitt’s Political Future
A few weeks after we told you how some national reporters and others were speculating that EPA chief Scott Pruitt was using the office as a possible stepping stone to a higher office, there has been more such political speculation. It comes from the Tulsa World where the prospect is reported of Pruitt making a …
Chapter 11 Bankruptcy Filed by Knight Energy Holdings
The downturn in the oil and gas industry has caught up Louisiana-based Knight Energy Holdings LLC. The company filed for Chapter 11 bankruptcy this week showing it has nearly $200 million in secured debt and another $10 million in unsecured debt. Knight Energy is an oil and gas tool rental company whose leaders say they have …
Cabot Turns the Tables on Pennsylvania Man in Pollution Lawsuit
Houston-based Cabot Oil and Gas Corp. has turned the tables on a Pennsylvania man who filed suit claiming the gas driller had polluted residential water wells in Pennsylvania. Cabot, one of the largest natural gas drillers in Pennsylvania went to court this week and filed a $5 million lawsuit against Ray Kemble and his lawyers …
Owner Changes Mind…..Will Continue Operation of Largest Coal-Fired plant in Western U.S.
A change of heart by operators of the largest coal-fired power plant in the western U.S. Co-owners of the Colstrip Generating Station in southeastern Montana now say they will continue running the 2,100-megawatt plant for the foreseeable future. Last year, officials at Talen Energy based in Pennsylvania indicated that a new operator would be needed …
