Author's posts
Panhandle Names Paul Blanchard as New CEO, Announces Additional Executive Changes
Oklahoma City-based Panhandle Oil and Gas Inc. announced several changes in executive leadership, according to a company press release issued on Tuesday. The exploration and production company named Paul F. Blanchard, Jr. as its new Chief Executive Officer effective January 1, 2017. Blanchard replaces Michael Coffman at the top post. OK Energy Today reported on …
Seventy Seven Energy Merges With Patterson-UTI Energy in $1.76 Billion Deal
Oklahoma City-based Seventy Seven Energy Inc. will be acquired by Houston-based Patterson-UTI Energy, Inc. in a merger worth $1.76 billion, according to a joint press release issued by both companies on Monday. As part of the all-stock transaction, Patterson-UTI will acquire all of Seventy Seven’s outstanding stock in exchange for 49.6 million shares of Patterson-UTI …
IEA: The Data Doesn’t Lie, OPEC Cut Preceded by Record November Output
Despite the current surge in the crude oil market, one international organization hasn’t jumped on the OPEC congratulatory bandwagon for its efforts to curb production. Here’s why… In the crucial time leading up to the production cut, OPEC’s output rose to a record 34.2 million barrels a day in November, according to the International Energy …
Will Rex Tillerson Become the Next U.S. Secretary of State?
President-elect Donald Trump will nominate Exxon Mobil Corp. CEO Rex Tillerson as his secretary of state, according to a late report on Monday by The New York Times. An ardent conservative, Tillerson, 64, began his lengthy career in the oil industry as an Exxon production engineer in 1975, working his way up the corporate ladder …
Former Kerr-McGee Exec to Receive Lifetime Achievement Award from Leadership Oklahoma
Alva native Tom McDaniel will receive the 2017 Leadership Oklahoma Lifetime Achievement Award at the organization’s annual Excellence in Leadership Gala to be held at Southern Hills Country Club in Tulsa on Saturday, April 1, 2017. “Each year, Leadership Oklahoma recognizes the outstanding contributions of Oklahoma corporate and individual leaders for their commitment and service …
T. Boone Pickens Statement on Rex Tillerson as U.S. Secretary of State
Official Statement from T. Boone Pickens on Rex Tillerson as U.S. Secretary of State President-elect Donald Trump’s anticipated selection of Rex Tillerson as America’s next Secretary of State is perfect. It would be tough to find someone more uniquely qualified to serve in that role. I’ve known Rex for decades. He is a thoughtful, strategic and …
WTI and Brent Crude Surge on Monday as Non-OPEC Members Agree to Production Cut
On Monday, crude oil futures logged their highest settlements since July 2015 after more oil producing nations agreed to curb production in an effort to rebalance supplies, according to Bloomberg MarketWatch. “The latest development is buoying optimism in the market,” said Vivek Dhar, a commodities strategist at Commonwealth Bank of Australia. “It shows that the …
Completion Reports December 13, 2016
CANADIAN COUNTY Marathon Oil Company Mississippian(8827): Oil 382 Gas 1171 Water 1019 Flow 25 13N 7W Oyler 1307 2-24mh, October 03, 2016 HH, OIL, TD: 14530 ft Lat: 35.57975, Long: -97.90298 API: 35017248620002 GRADY COUNTY Citizen Energy Ii Llc Woodford: Oil 140 Gas 647 Water 2025 Gas Lift 30 10N 5W Huffman 1h-30-19, October …
Permits to Drill December 13, 2016
Alfalfa County GREGORY 2412 #1-15 SWD, December 12 2016 15 24N 12W NENWNWNE API: 00323266 Lat: 36.56386899466382, Long: -98.46912320695846 MIDSTATES PETROLEUM COMPANY LLC SH, DR, 7511 ft, ENDICOTT(4631), TONKAWA(4953), COTTAGE GROVE(5403), OSWEGO(5786), HUNTON(7010), WILCOX(7359) Alfalfa County NONIE 2412 #1-04 SWD, December 09 2016 04 24N 12W SESWSWSE API: 00323265 Lat: 36.579666708830835, Long: -98.4870793853573 MIDSTATES …
Perry Meeting With Trump to Discuss Top Energy Secretary Post
Following a sidelines discussion with President-elect Donald Trump at the Army-Navy football game in Baltimore on Saturday, former Texas Governor Rick Perry was expected for a formal meeting in New York on Monday to discuss the possibility of heading up the U.S. Energy Department, according to numerous media sources. The meeting was quickly confirmed on …