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WTI, Brent Crude Rebound on Monday as OPEC Devises Plan to Cut Production
Crude oil futures soared on Monday as traders held hope that OPEC may succeed in its plan to curb crude output, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude jumped $1.02, or 2.2%, to settle at $47.08 a barrel, marking the first session gain since November 21. On …
DAPL Protesters Told by Army Corps to Vacate Encampment by December 5
The Standing Rock Sioux Tribe was notified on Friday by the U.S. Army Corps of Engineers that the North Dakota encampment area must be vacated by December 5 for safety concerns. The area has been occupied for months by protesters opposing the four-state, $3.8 billion Dakota Access pipeline under construction by Dallas-based Energy Transfer Partners. …
Completion Reports November 29, 2016
LOGAN COUNTY Payne Exploration Company Hunton-woodford: Oil 104 Gas 346 Water 784 Gas Lift 18 17N 4W Hill 1-19hh, July 23, 2016 HH, OIL, TD: 12380 ft Lat: 35.94238, Long: -97.67447 API: 35083243880001
Permits to Drill November 29, 2016
Blaine County WINTERSOLE #1-4-33-28XH, June 01 2016 04 16N 11W NESWNWNE API: 01123609 Lat: 35.89654219910651, Long: -98.37403634943585 CONTINENTAL RESOURCES INC HH, AM, 19792 ft, MISS’AN (EX CHESTER)(9654), MISSISSIPPIAN(10335) Canadian County HARDY 25-11-6 #1WH, November 28 2016 24 11N 6W SWSESESE API: 01724950 Lat: 35.40693246198679, Long: -97.77964734909646 JONES ENERGY LLC HH, DR, 14000 ft, WOODFORD(8700) …
Crude Oil Futures Finish Lower on Friday
Crude oil futures prices fell Friday, as traders awaited decisions from next week’s OPEC production meeting where the cartel could strike a deal to cut output, according to Bloomberg MarketWatch. West Texas Intermediate crude futures finished down $2.02, or 4.2%, at $45.93 a barrel on the New York Mercantile Exchange. For the week, the contract …
Crude Oil Futures End Lower on Wednesday Despite Drop in Supply Inventory
Despite a decline in domestic crude supplies, oil futures finished slightly lower on Wednesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude fell by 7 cents, or 0.2%, to settle at $47.96 a barrel. On London’s ICE Futures Exchange, January Brent crude, the global benchmark, lost 17 cents, or …
Chaparral Announces Founder/CEO Retirement, Path to Emerge from Bankruptcy
Oklahoma City-based Chaparral Energy LLC has cleared the way with its lenders to emerge from bankruptcy. The company also announced the retirement of Mark Fischer, Chaparral’s founder and CEO, according to a report by The Oklahoman. The agreement — which requires approval by the bankruptcy court — would convert $1.2 billion in outstanding debt to …
Williams Refreshes Board With Election of Eight New Members
Shareholders of the Williams Companies elected all of the nominees on the ballot for the company’s board of directors to one-year terms at the company’s 2016 annual meeting held on Wednesday, according to a report by The Tulsa World. The five new board members include Stephen Bergstrom, former president and CEO of general partner American …
Permits to Drill November 25, 2016
Blaine County IKE #1-20-17XH, November 17 2016 29 15N 12W NESWNWNW API: 01123685 Lat: 35.75218135439675, Long: -98.50649339314229 CONTINENTAL RESOURCES INC HH, AM, 23365 ft, MISSISSIPPIAN(10800), MISSISSIPPI LIME(11500) Dewey County DEAN 9 NC #1HC, November 23 2016 16 17N 19W NWNWNENW API: 04323424 Lat: 35.95618859864049, Long: -99.23436668733935 MEWBOURNE OIL COMPANY HH, DR, 14038 ft, CLEVELAND(9000) …
Incentive Evaluation Commission Finalizes 2016 Recommendations
The Incentive Evaluation Commission met in a special meeting held on Wednesday at the Oklahoma State Capitol and approved the recommendations of ten tax incentives conducted by Iowa-based vendor consultant, The PFM Group. During the first hour of the meeting, the discussion centered on the nature of the commission’s duties and reporting scope. Chairman Lyle …