Another energy company with Oklahoma ties expects to emerge from Chapter 11 bankruptcy by the end of March. Oklahoma City-based Chaparral Energy, Inc.’s plan of reorganization was confirmed by the U.S. Bankruptcy Court of Delaware last Thursday, March 9. The plan received overwhelming support from the company’s bondholders and lenders, according to a company press …
2017 archive
Crude Oil Settlements Skid on Monday as Traders Await Government Reports
Oil futures slipped for a sixth session on Monday as traders anticipated the release of weekly and monthly reports that will provide further clues to OPEC’s crude production and global supply, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, April West Texas Intermediate crude fell 9 cents, or 0.2%, to settle at $48.40 a …
Completion Reports March 14, 2017
BLAINE COUNTY Cimarex Energy Co Mississippi Solid(10200): Oil 931 Gas 4119 Water 1374 Flow 26 16N 12W Mitchell 1-26h, February 13, 2017 HH, OIL, TD: 15858 ft Lat: 35.82717, Long: -98.44283 API: 35011236620000 CANADIAN COUNTY Cimarex Energy Co Woodford(10860): Oil 505 Gas 2293 Water 1506 Flow 30 11N 7W Gatz 1h-3019x, February 12, 2017 …
Permits to Drill March 14, 2017
Garvin County RUSSELL STATE #4-36, March 13 2017 36 3N 3W N2NWNWSW API: 04924633 Lat: 34.68784130501406, Long: -97.47426882062094 CRAWLEY PETROLEUM CORPORATION SH, RC, 9400 ft, DEESE 3 (GIBSON)(7300), DEESE 4 (HART)(7402) Grady County E J CRADDOCK #7-28X21H, March 13 2017 33 5N 6W SWNWNENE API: 05124114 Lat: 34.868518508057804, Long: -97.83267433497836 GULFPORT ENERGY CORP HH, …
Coffee to Lobby Pruitt at EPA over Renewable Fuel Standards
(From their days in the State Senate.) Who could blame two of the newly-registered lobbyists on Capitol Hill in Washington DC for wanting to take advantage of old political ties. Both are Oklahomans and the man they will be lobbying is Scott Pruitt, new chief at the Environmental Protection Agency, a former colleague. Former Oklahoma …
Hobby Lobby Ruling Basis for Tribe’s Appeal of Dakota Access Pipeline Decision
The U.S. Court of Appeals for the District of Columbia Circuit is being asked again by the Native American protesters in North Dakota to block final construction of the Dakota Access oil pipeline. Their latest appeal comes after a federal court ruled against their attempt based on religious freedom rights. And Oklahoma’s Hobby Lobby case …
3-Judge Panel to Hear Government’s Appeal of Court Ruling Against Fracking Rules
The 10th U.S. Circuit Court of Appeals in Denver has identified the three judges who will consider the legal challenges to the Obama administration’s controversial hydraulic fracturing rules for public and tribal lands. Judges Jerome Holmes, Harris Hartz and Mary Beck Briscoe will preside over the hearings and the challenge of the oil and gas …
Gen. Tom Stafford Still Enthusiastic About Space Travel
At age 86, retired Air Force Lt. General and Oklahoma native astronaut Tom Stafford is as excited about space travel as he ever was. His excitement was on recent display when he testified before the U.S. House committee on Science, Space and Technology, discussing the past, present and future of NASA. During the questions from …
Bridenstine Calls for Changes to Current U.S. Aerospace Program
U.S. Representative Jim Bridenstine spoke up last week, calling for an increase in spending on military and commercial space programs, according to a report by The Tulsa World. “It’s truly disgraceful when U.S. companies, and U.S. astronauts, must hitch a ride on Russian rockets only to see Moscow use the fare to fund its military …
Baker Hughes Rig Count: Oklahoma Adds Three, U.S. Tacks On 12 New Rigs
Oklahoma had the second-best rig growth last week with the addition of three new rigs while the U.S. rig count increased by 12, according to the Baker Hughes rig count released on Friday. Canada lost 20 rigs for a total of 315. Canada is up 217 rigs when compared with data from a year ago. …