Oil futures finished slightly lower on Tuesday as initial weekly data on domestic crude inventories revealed a fourth consecutive rise, according to Bloomberg MarketWatch. November West Texas Intermediate crude dropped 34 cents, or 0.7%, to settle at $51.88 a barrel on the New York Mercantile Exchange. Just one day earlier, prices surged 3.1% to settle at $52.22 …
September 26, 2017 archive
Permits to Drill September 27, 2017
Canadian County EVEREST 1107 ##1WH-24, September 26 2017 24 11N 7W SWSESWSW API: 01725077 Lat: 35.40694048569475, Long: -97.89943033837237 CHAPARRAL ENERGY LLC HH, DR, 14870 ft, WOODFORD(10060) Canadian County RADCLIFF #5-17H, June 20 2017 17 11N 6W NWNWNENE API: 01725025 Lat: 35.43466130549961, Long: -97.85240827344657 CIMAREX ENERGY CO HH, AM, 14144 ft, MISSISSIPPIAN(9324), WOODFORD(9644) Canadian County EVEREST 1107 …
Completion Reports September 27, 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: 35017249440001 CARTER COUNTY Kodiak Oil & Gas Inc Pontotoc(670): Oil 5 Water 23 Pump 27 3S 2W Oil City Unit 69, August 04, 2017 SH, OIL, TD: 1130 ft Lat: 34.26306, Long: …
Oil and Gas Expo Approaching in OKC
The annual Oklahoma Oil and Gas Expo is in nearly two weeks and sponsors say it will include more than 300 exhibitors at the State Fair Park in Oklahoma City. And the STACK and the SCOOP plays might create added interest. Sponsored by Sustaining Oklahoma’s Energy Resources, part of the Oklahoma Energy Resources Board, the …
Guthrie Legislator Blasts State Leaders for Anti-Business Move
Guthrie Rep. Jason Murphey calls it “just one more example of another anti-business policy by Oklahoma’s money-grabbing politicians.” Writing for The McCarville Report, the Republican legislator refers to the removal of the state compensation to businesses for the collection of sales taxes. He blames politicians “who are far removed from reality and the real world …
Senate Budget Fix Includes Gas Tax Hike and Elimination of Sales Tax Exemption for Wind Industry
An increase in Oklahoma’s motor fuels tax is part of the State Senate budget plan released this week by President Pro Tempore Senator Mike Schulz. The plan also includes total elimination of sales tax exemptions for the wind industry. “This plan not only addresses the immediate need of $215 million for critical health care agencies …
Legal Fight Grows in Keystone XL Pipeline Effort
TransCanada and the Trump administration have repeated their claim in Montana federal court that lawsuits by environmentalists fighting the Keystone XL pipeline should be dismissed. In four separate filings, TransCanada and the federal government argued presidential approval of the proposed pipeline that would link to the Keystone line in Oklahoma offset any legal challenge. Earlier …
Details Revealed in Latest Electrical Power Merger in Kansas
A nearly 400-page government filing reveals some of the details in the latest proposed merger of Westar Energy and Great Plains Energy in Kansas, a more than $12 billion deal initially stopped last spring by the Kansas Corporation Commission. As the Topeka Capital Journal reported this week, details of the six weeks of renewed talks …
Another Delay of KC-46 Tanker at Altus Air Force Base
The Air Force’s new KC-46 air refueling tanker might not be delivered this year to Altus Air Force base because of development programs. Altus is where the training for the giant plane will take place but the Seattle Times reports delivery has been delayed from this fall into next year. The paper quotes sources as …
Chaparral Strikes Sweetheart Deal with Bayou City Energy to Fund 30 New STACK Wells
Oklahoma City-based Chaparral Energy, Inc. and Houston-based Bayou City Energy, L.P. announced the creation of a joint venture drilling operation to fund further development of Chaparral’s 110,000-acre STACK position, according to a press release issued on Monday. “We are pleased to announce our partnership with Bayou City, whose significant investment experience and success in the …
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