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Oklahoma Legislators File Bills to End Utility Interim Rates
Two bills filed with the Oklahoma Legislature would put an end to interim rates for regulated utilities during lengthy rate cases, according to a report in The Oklahoman. Sen. Nathan Dahm, R-Broken Arrow, has authored Senate Bill 282 while Rep. Pat Ownbey, R-Ardmore, submitted House Bill 1891. Both bills aim to stop interim rates if …
Weekly Government Data Reports Point to Inventory Growth as WTI, Brent Fall on Wednesday
Crude oil futures seesawed on Wednesday, settling lower after a volatile trading session caused weekly government reports revealing a third-consecutive weekly increase in U.S. crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, March West Texas Intermediate crude fell 43 cents, or 0.8%, to settle at $52.75 a barrel. March Brent crude, …
Completion Reports January 26, 2017
BECKHAM COUNTY Enervest Operating Llc 32 11N 25W Twin 1-32, September 18, 2016 SH, GAS, TD: 15600 ft Lat: 35.38178, Long: -99.86972 API: 35009213910001 ELLIS COUNTY Ppp Petroleum Lp 29 18N 24W Word 3-29h, August 04, 2016 HH, OIL, TD: 14214 ft Lat: 35.99936, Long: -99.77980 API: 35045235690001
Permits to Drill January 26, 2017
Blaine County DAVIS #1-8 1611MH, January 25 2017 08 16N 11W SESWSESE API: 01123730 Lat: 35.870569629924596, Long: -98.3872044409958 TRIUMPH ENERGY PARTNERS LLC HH, DR, 14891 ft, MISSISSIPPIAN(10250) Canadian County CUT THROAT 1307 #1WH-13, January 23 2017 13 13N 7W NWNWNWNW API: 01724966 Lat: 35.60864776112548, Long: -97.90485929193407 CHAPARRAL ENERGY LLC HH, AM, 13900 ft, MISSISSIPPIAN(8405), …
Crude Oil Futures Rebound on Tuesday
Crude oil futures bounced higher on Tuesday to recoup most of the losses they saw a day earlier as traders looked for positive signs from OPEC’s production curb, according to Bloomberg MarketWatch. March West Texas Intermediate crude rose 43 cents, or 0.8%, to settle at $53.18 a barrel on the New York Mercantile Exchange. March Brent …
Permits to Drill January 25, 2017
Canadian County OLLIE 14-13N-7W #1H, January 24 2017 11 13N 7W SWSWSWSW API: 01724967 Lat: 35.61011748299197, Long: -97.92255424839308 DEVON ENERGY PRODUCTION CO LP HH, DR, 14388 ft, MISSISSIPPIAN(8549), WOODFORD(9312), HUNTON(9421) Kingfisher County DALWHINNIE 1605 #1-31MH, January 24 2017 30 16N 5W SESESWSW API: 07325493 Lat: 35.82794011363185, Long: -97.77660742141386 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, …
WTI, Brent Crude Settle Lower on Monday as Futures Are Labeled Vulnerable
Oil futures finished lower Monday as concerns over the potential for a sizable increase in domestic crude oil production outweighed support from Saudi Arabia’s energy minister, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, March West Texas Intermediate crude fell by 47 cents, or 0.9%, to settle at $52.75 a barrel. March Brent …
Completion Reports January 24, 2017
ALFALFA COUNTY Chesapeake Operating Llc 8 27N 11W Jasmine 8-27-11 2h, October 31, 2016 HH, OIL, TD: 9818 ft Lat: 36.84017, Long: -98.40866 API: 35003231900001 Chesapeake Operating Llc 8 27N 11W Dogwood 5-27-11 2h, November 01, 2016 HH, OIL, TD: 10500 ft Lat: 36.84017, Long: -98.40871 API: 35003231920001 Chesapeake Operating Llc 8 27N 11W …
Permits to Drill January 24, 2017
Canadian County MEYERS #1H-2821X, January 23 2017 29 11N 8W SESESESE API: 01724965 Lat: 35.39254530128978, Long: -98.05315689549623 CIMAREX ENERGY CO HH, DR, 20889 ft, MISSISSIPPIAN(11588), WOODFORD(11916), HUNTON(12043) Canadian County CUT THROAT 1307 #1WH-13, January 23 2017 13 13N 7W NWNWNWNW API: 01724966 Lat: 35.60864776112548, Long: -97.90485929193407 CHAPARRAL ENERGY LLC HH, DR, 13900 ft, MISSISSIPPIAN(8405), …
Magellan Settles Pipeline Rupture Claims in Texas, Nebraska and Kansas
A subsidiary of Tulsa-based Magellan Midstream Partners will pay a fine of $2 million and complete $16 million in upgrades to pipelines as a result of a federal settlement following pipeline ruptures in three states, according to PennEnergy. In a statement issued Thursday, federal officials acknowledged the first incident occurred in February 2011, when a petroleum pipeline …