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Permits to Drill January 12, 2017
Blaine County COWAN 15_10-15N-11W #1HX, January 11 2017 15 15N 11W SESESWSW API: 01123720 Lat: 35.76932634139124, Long: -98.36241231672443 DEVON ENERGY PRODUCTION CO LP HH, DR, 21298 ft, MISSISSIPPIAN(10215), WOODFORD(11885), HUNTON(12000) Blaine County COLUMBUS 34&27-18-10 #1H, January 11 2017 03 17N 10W NWNENENE API: 01123719 Lat: 35.98495530988337, Long: -98.24769073046988 CHESAPEAKE OPERATING LLC HH, DR, 19400 ft, …
Crude Oil Settlements Jump by Nearly 3% on Wednesday
Crude oil futures settled higher on Wednesday as data confirmed OPEC’s compliance with the curbed production agreement, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude rose $1.43, or 2.8%, to settle at $52.25 a barrel. March Brent crude, the global benchmark, advanced $1.46, or 2.7%, to end trading at …
Williams Companies Announce Financial Repositioning, Issuance of New Stock
Williams and Williams Partners L.P. announced Monday an agreement to permanently waive payment obligations under the incentive distribution rights held by Williams and convert Williams’ economic general partner interest into a non-economic interest for 289 million newly issued Williams Partners common units. The estimated transaction value is approximately $11.4 billion, according to a company press …
OIPA’s Energy Index Reflects Decrease Due to Lower Prices
The latest energy index from the Oklahoma Independent Petroleum Association indicates signs of hope remain for the state’s oil and gas industry despite its overall decrease. Released on Wednesday by the OIPA, the index showed oil and natural gas industry employment held steady for the month and drilling activity in Oklahoma increased from 72 to …
North Dakota Oilfield Exec Charged With Wire and Securities Fraud
A former North Dakota energy executive is charged in federal court of falsely inflating company revenues by millions of dollars. Dickinson resident, Joseph Kostelecky, is charged in the U.S. District of North Dakota with five counts of wire fraud and one count of securities fraud. He faces a maximum penalty of 20 years in prison …
Worries About Production Compliance Tied to Lower WTI, Brent Crude Settlements on Tuesday
Crude oil prices plunged on Tuesday to finish the session at their lowest level in nearly five weeks as traders worried about OPEC’s production cut, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude fell by $1.14, or 2.2%, to settle at $50.82 a barrel. On London’s ICE Futures Exchange, …
EIA Report Suggests US Will Be Net Energy Exporter by 2026
As crude oil and natural gas production continues to rise, the United States could become a net energy exporter by 2026, according to a new report released Thursday by the U.S. Energy Information Administration. Moving forward to 2050, the outlook for the entire energy sector indicates a mass exodus in electricity from coal-fired power plants. …
Completion Reports January 11, 2017
BLAINE COUNTY Newfield Exploration Mid-con Inc 14 16N 10W Castonguay 14-16-10 1h, June 15, 2016 HH, OIL, TD: 20203 ft Lat: 35.86939, Long: -98.24176 API: 35011236000001
Permits to Drill January 11, 2017
Alfalfa County BRUNER 2412 #1H-09 B, January 10 2017 04 24N 12W SESWSWSE API: 00323269 Lat: 36.57966671469763, Long: -98.4869772166857 MIDSTATES PETROLEUM COMPANY LLC HH, DR, 11200 ft, MISSISSIPPI(6249) Creek County PICKETT/HICKMAN LEASE #10-3, January 10 2017 10 14N 8E CNWSESW API: 03729365 Lat: 35.69987950479899, Long: -96.45344601219304 GIBSON LES SH, DR, 2500 ft, JONES /SD/(1550), …
OCC Data Links Saltwater Disposal Wells to Earthquake Seismicity
Disposal well operators placed nearly 23 percent less saltwater into Oklahoma’s deepest geological formation within the Arbuckle formation in 2016 compared to the previous year, according to the Tulsa World. The Oklahoma Corporation Commission provided the year-end data reports about the earthquake zone. Commission spokesman Matt Skinner said the 2016 volume numbers are mostly complete, …