Author's posts
Mammoth Energy Taps Paul Heerwagen as New Board Director
Oklahoma City-based Mammoth Energy Services announced Monday that Paul Heerwagen has been designated as a director effective immediately. Heerwagen will replace Aaron Gaydosik, who resigned from the Board effective January 4, 2017 to pursue other business opportunities. Heerwagen served as Vice President, Corporate Development for Gulfport Energy Corporation where he oversees corporate strategy. Since joining …
NGL Energy Partners Finalizes Acquisition of Murphy Oil Assets From Bankruptcy Court
Tulsa-based NGL Energy Partners LP announced Monday that it has completed the acquisition of certain assets of Murphy Energy Corporation. OK Energy Today reported on December 21 that NGL Energy submitted a bid of $51 million to purchase Murphy assets including the Port Hudson, Louisiana Terminal and the Kingfisher, Oklahoma facility. The Port Hudson Terminal is located near Baton …
Crude Oil Futures Hit the Skids on Monday, Falling to Lowest Level Since Mid-December
Crude oil futures settled at their lowest level since mid-December as OPEC’s production output program weighs on the minds of investors, according to Bloomberg MarketWatch. February West Texas Intermediate crude lost $2.03, or 3.8%, to settle at $51.96 a barrel on the New York Mercantile Exchange. March Brent crude, the global benchmark, fell $2.16, or 3.8%, …
Federal Ethics Officials Release Pruitt’s Financials Prior to Senate Confirmation Hearings
Federal ethics officials have cleared the way for Oklahoma Attorney General Scott Pruitt to be confirmed by the Senate, according to an Associated Press report. The Office of Government Ethics released Pruitt’s personal financial disclosure report on Monday. Pruitt’s official Senate confirmation hearing date has not yet been set. The Environmental Protection Agency nominee’s four-page …
T. Boone Pickens Recovering From Mini-Stroke
Legendary oilman T. Boone Pickens experienced a mini-stroke while in Dallas with friends a few days before Christmas. According to Jay Rosser, Pickens’ chief of staff, the billionaire founder and chairman of BP Capital Management was hospitalized at Baylor University Medical Center for a few days but is now back to work. Rosser said Pickens’ speech …
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 …
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, …
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 …
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 …
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 …