2017 archive

Completion Reports January 10, 2017

  CARTER COUNTY Mack Energy Co 18 2S 2W Pierce Unit 25-18, November 23, 2016 SH, OIL, TD: 2750 ft Lat: 34.39035, Long: -97.45101 API: 35019262330000 DEWEY COUNTY Carrera Energy Llc 7 17N 15W Big Hunk 7-1h, September 27, 2016 HH, GAS, TD: 15572 ft Lat: 35.95795, Long: -98.84264 API: 35043234710000 PAWNEE COUNTY Mid-con Energy …

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Permits to Drill January 10, 2017

Beckham County JONES TRUST 12 11 21 ##1H, January 04 2017 12 11N 21W NWNENWNW API: 00921984 Lat: 35.45021045785117, Long: -99.3789196609959 ATALAYA RESOURCES LLC HH, AM, 17400 ft, DES MOINES(12250) Carter County MARY CATHERINE #1-36H, May 28 2015 36 3S 3W SWSWSESW API: 01926189 Lat: 34.24627320709366, Long: -97.46954328301489 CONTINENTAL RESOURCES INC HH, AM, 18991 ft, …

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Oklahoma Treasury Report Confirms Energy Industry Still Hurting

As Oklahoma faces a shortfall of nearly $900 million in revenue for FY 2018, oil and gas gross revenue continues to climb as sales and income taxes decline While last year’s drop of $1.3 billion was blamed primarily on the impact of a prolonged downturn in the energy industry, this year’s shortfall appears to be …

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Pruitt on Pruitt: His View on Environment Protection and States, Fed Relationship

While U.S. Environmental Protection Agency nominee Scott Pruitt was in Capitol Hill last week to meet with senators, the Oklahoma Attorney General spoke briefly on his views of the relationship between the states and federal government related to environmental protection. “Our environmental statutes have a very important role for EPA and a very important role …

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Schlumberger Acquires Peak Well Systems from Summit Partners

Houston-based Schlumberger announced Thursday that it is acquiring Peak Well Systems from Summit Partners for an undisclosed sum, according to a company press release. The company is strengthening its global portfolio with the addition of Peak’s mechanical and remedial solutions for cased-hole well intervention. “In the past few years, Peak has developed a portfolio of …

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Samson Resources and Key Creditors Agree to Bankruptcy Reorganization Plan

Tulsa-based Samson Resources Corp. and the creditors committee in the company’s Chapter 11 bankruptcy action have agreed to terms under the reorganization plan, according to a report in the Tulsa World. Samson filed for bankruptcy protection in Delaware during September of 2015. At the time, the company’s liabilities were $4 billion. Under the agreed plan, …

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Dana Murphy Elected as OCC’s Next Chairman Effective February 1

The Oklahoma Corporation Commission announced the election of Commissioner Dana Murphy as its new chairman and Commissioner Todd Hiett as vice chairman by unanimous vote, according to an OCC press release issued on Thursday. Murphy, a Republican, is a geologist and attorney who previously served as an OCC administrative law judge. She has served as …

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Rig Count: Canada Add 48 New Rigs While Oklahoma Adds None

Canada led the way last week with the addition of 48 new rigs while the U.S. rig count gained a total of seven, according to the Baker Hughes rig count released on Friday. Canada added 29 oil rigs and 23 gas rigs. Canada is up 38 rigs when compared with data from a year ago. …

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Tulsa’s Summit ESP Enrolled in $3.1 Million Incentive Through OK Quality Jobs Program

The Oklahoma Department of Commerce announced Wednesday that Tulsa-based oil and natural gas equipment manufacturer Summit ESP LLC has pledged to hire 148 new employees in exchange for $3.1 million in economic incentives under the Oklahoma Quality Jobs Program. Summit was one of four companies enrolled during December of 2016 under the program, which provides …

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WTI, Brent Crude Settle Higher on Friday, Natural Gas Futures Sink

Crude oil futures finished higher on Friday as all signs point to favorable compliance with OPEC’s global production curb, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude tacked on 23 cents, or 0.4%, to settle at $53.99 a barrel. For the week, the WTI index rose by nearly 0.5% …

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