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McClendon Estate Claims Forgery, Rejects $500,000 Personal Loan From 1991
A $500,000 claim by a retired Tulsa businessman against the estate of Oklahoma City oil tycoon Aubrey McClendon is allegedly unenforceable or the result of forgery, according to pleadings filed by the estate’s legal counsel. Thomas A. Quinn claims he loaned half a million dollars in cash to Aubrey McClendon back in 1991. Quinn’s documentation …
Harold Hamm Will Remain as Continental CEO in Oklahoma City
Despite being named as a key energy advisor to Republican president-elect Donald Trump, Oklahoma oilman Harold Hamm said Wednesday he will remain at the helm of Continental Resources Inc. Hamm communicated his sentiments to his employees via email on Wednesday. “As excited as I am to see this change come to Washington, D.C., I remain …
SandRidge Confirms Layoffs Expected Soon
After emerging from bankruptcy last month, Oklahoma City-based SandRidge Energy is expected to trim its workforce soon, according to a comment made on Wednesday by CEO James Bennett in a conference call with analysts. Citing low commodity prices, David Kimmel, a SandRidge spokesman, also confirmed the layoff announcement with the Journal Record on Friday. No …
Crude Oil Futures Slip on Thursday
Oil futures settled lower on Thursday for the first time in four sessions on the eve of Veterans’ Day, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 61 cents, or 1.4% to settle at $44.66 a barrel after rallying in each of the last three sessions. On the …
Completion Reports November 11, 2016
ELLIS COUNTY Jones Energy Llc Cleveland(8310): Oil 46 Gas 34 Water 335 Flow 34 20N 26W Marie 34 3h, June 02, 2016 DH, OIL, TD: 12985 ft Lat: 36.17249, Long: -99.96960 API: 35045235990001 Jones Energy Llc Cleveland(8397): Oil 50 Gas 109 Water 118 Flow 34 20N 26W Marie 34 5h, May 31, 2016 HH, …
Permits to Drill November 11, 2016
Blaine County KOPF SWD #1, November 09 2016 34 19N 12W SWNESWNW API: 01122333 Lat: 36.081648299975896, Long: -98.47426438832876 CARRERA ENERGY LLC SH, RE, 8100 ft, VIRGILIAN(4800), TONKAWA(6329), COTTAGE GROVE(6908), CLEVELAND(7506), RED FORK(7976) Canadian County GAME TRAIL 35-14N-8W #1H, November 10 2016 02 13N 8W NWNENENW API: 01724945 Lat: 35.6377215136972, Long: -98.02345478181633 DEVON ENERGY PRODUCTION …
Trump Wins Election, Crude Oil Futures Rise to One Week High on Wednesday
Oil futures settled at their highest level in a week on Wednesday following a volatile session, as Donald Trump claimed victory in an astonishing U.S. presidential election, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude rose 29 cents, or 0.6%, to settle at $45.27 a barrel, the highest finish …
Completion Reports November 10, 2016
BLAINE COUNTY Carrera Energy Llc Mississippian: Oil 93 Gas 2713 Water 2653 Flow 34 19N 12W Heath 3-1h, August 26, 2016 HH, GAS, TD: 14091 ft Lat: 36.07247, Long: -98.46923 API: 35011236130000 CREEK COUNTY Gibson Les Prue: Oil 12 Gas 45 Water 75 Pump 2 14N 7E Emerald 3, September 22, 2016 SH, OIL, …
Permits to Drill November 10, 2016
Blaine County SIDEWINDER 33-17N-10W #1H, November 09 2016 05 16N 10W NENENENE API: 01123683 Lat: 35.89787425636872, Long: -98.27926019144104 DEVON ENERGY PRODUCTION CO LP HH, DR, 14879 ft, MISSISSIPPIAN(8689), WOODFORD(10089) Custer County CONKLING FIU #1-32-5XH, November 09 2016 32 15N 14W NWNWNWNE API: 03922490 Lat: 35.73892196377517, Long: -98.71133353170777 CONTINENTAL RESOURCES INC HH, DR, 24751 ft, WOODFORD(15044) …
Crude Oil Settlements Remain Afloat on Election Day Tuesday
Crude oil futures posted a small gain Tuesday as the U.S. elected the nation’s next president, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 9 cents, or 0.2%, to settle at $44.98 a barrel on the New York Mercantile Exchange. Prices gained 1.9% on Monday after posting declines for six sessions in a row. …