Author's posts
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, …
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 …
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. …
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 …
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% …
Completion Reports January 9, 2017
GARVIN COUNTY Continental Resources Inc 19 1N 1W Warren 1-30-29xh, August 24, 2016 HH, OIL, TD: 17502 ft Lat: 34.53660, Long: -97.35073 API: 35049250760000 Merit Energy Company 2 3N 4W N.e.purdy Spr. (Arneson 4) K-16, December 28, 2016 SH, TA, TD: 9986 ft Lat: 34.75559, Long: -97.59608 API: 35049397660003
Permits to Drill January 9, 2017
Custer County STOGSDILL #1-28-33XH, November 30 2016 28 15N 15W NENENWNE API: 03922492 Lat: 35.7535524585342, Long: -98.79715521178107 CONTINENTAL RESOURCES INC HH, AM, 24692 ft, MISSISSIPPIAN(12400), WOODFORD(14686) Ellis County PEACOCK 36-19-26 #1HC, January 06 2017 25 19N 26W S2S2SESE API: 04523631 Lat: 36.086837418545464, Long: -99.91928059778348 FOURPOINT ENERGY LLC HH, DR, 14456 ft, CLEVELAND(9077) Ellis County PEACOCK …
Advice from T. Boone to Trump: Don’t Screw Up and Don’t Settle
Another billionaire oilman with Oklahoma ties has two policy recommendations for the Trump administration concerning the country’s energy plan. As a recent guest columnist for The Dallas Morning News, energy investor T. Boone Pickens outlined two suggestions for President-elect Donald Trump and Rick Perry, Trump’s nominee for the cabinet position of Energy Secretary: Don’t screw …
Chesapeake Close to Settling DFW Airport Board Lawsuit for $8.2 Million
The Dallas/Fort Worth Airport board moved closer to settling its lawsuit against Oklahoma City-based Chesapeake Energy Corporation on Thursday, according to a report in the Fort Worth Star-Telegram. The airport board was expected to vote on accepting $8.2 million as final settlement to resolve the legal dispute. OK Energy Today reported on August 31, 2016 …
Erin Brockovich Returns to Oklahoma for Meetings in Pawnee, Cushing and Stillwater
The communities of Pawnee, Cushing and Stillwater will host earthquake forums on January 12-13 featuring environmental activist Erin Brockovich. Her life was the subject of a Hollywood motion picture in 2000 featuring Oscar winner, Julia Roberts. Brockovich continues to advocate on matters involving environmental issues. She appeared at an earthquake town hall meeting at UCO …