One of Oklahoma City’s privately-held independent oil and gas exploration companies is reporting this week the discovery of a 1,000-barrel a day oil well in western Oklahoma. Duncan Oil Properties Inc. hit the 1,022 boed Goss well northwest of Clinton and near the small town of Butler, 32 15N 18W in Custer County. Gas production …
August 2017 archive
Carter County Considers Energy-Saving Steps
Carter County Commissioners in southern Oklahoma have started an energy review of their buildings and facilities. A report in the Daily Ardmoreite this week indicated commissioners met and discussed energy-saving steps with OGE and CLEAResult representative Trey Parsons. CLEAResult offers recommendations and master plans to help organizations and businesses improve their energy efficiency. But the …
Gasoline Prices Slip in Oklahoma—Hold Steady Nationally
Gasoline prices slipped a penny in Oklahoma, reaching a new average this week of $2.12 a gallon according to a weekly release by AAA Oklahoma. Nationally, the average of $2.35 a gallon remained flat for the week but still nine cents higher than one month ago and 22 cents cheaper than a year ago. “Prices at …
54 million Unit Offering by Energy Transfer Partners
Energy Transfer Partners, L.P. in Dallas has announced the pricing of common unit offering. The offering totals 54,000,000 common units representing limited partner interests and the pricing will be at $18.65 a unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facilities. The funds will …
Chaparral Energy’s 2Q Earnings for 2017 Elevated by Strong STACK Performance
Oklahoma City-based Chaparral Energy, Inc. posted a net income of $21.4 million or 47 cents per share, according to a press release issued on Monday. The company announced an adjusted EBITDA of $42.5 million, which is a 15 percent quarter-over-quarter increase. “Chaparral had a very good quarter, fueled by continued best-in-class execution, strong well results …
WTI and Brent Crude Freefall on Monday for Lowest Settlement in Three Weeks
Crude oil futures plunged on Monday as an output report showed rising production by OPEC members, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude oil dropped $1.23, or 2.5%, to settle at $47.59 a barrel. On the London ICE Futures Exchange, October Brent crude, the global benchmark, fell …
Permits to Drill August 15, 2017
Blaine County C-FARMS 23-16N-12W #1H, August 14 2017 23 16N 12W NWSWSWSW API: 01123696 Lat: 35.84261659274246, Long: -98.45433815830484 DEVON ENERGY PRODUCTION CO LP HH, DR, 15206 ft, MISSISSIPPIAN(9742), WOODFORD(11407), HUNTON(11487) Blaine County PIERCE BIA 1611 #1-29-32MXH, August 14 2017 29 16N 11W NENENENE API: 01123843 Lat: 35.840313808745876, Long: -98.38520937757164 MARATHON OIL COMPANY HH, DR, 21269 ft, …
Completion Reports August 15, 2017
BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian(9273): Oil 909 Gas 1828 Water 553 Flow 1 16N 10W Stark 10h-1lmx, May 27, 2017 HH, OIL, TD: 19950 ft Lat: 35.89777, Long: -98.22261 API: 35011237170000 CANADIAN COUNTY Chaparral Energy Llc 26 13N 7W Dolly Varden 1307 1wh-26a, February 26, 2017 SH, DRY, TD: 505 ft Lat: 35.56646, Long: -97.92135 API: 35017249690001 Chaparral Energy Llc …
Derailed Train Near Sallisaw Carried Liquid Petroleum Gas
Heavy rains in eastern Oklahoma are being blamed for the Sunday morning derailment of two engines and 10 cars of a Union Pacific freight train near Sallisaw. The train derailed at a site 5 miles east of Sallisaw and north of highway U.S. 64 according to Sequoyah County Emergency Management Director Steve Rutherford. At least …
Airborne Mapping for Faults and Earthquake Data to Begin in State
While central and northern Oklahoma have received the attention when it comes to earthquakes, southwest Oklahoma will soon get attention too. The Oklahoma Geological Survey along with the U.S. Geological Survey plan to carry out airborne mapping of a large area of the state including some southwestern counties. At least 18 counties will be mapped …