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Tulsa’s NGL Energy Partners Prices $700 Million of Senior Notes
Tulsa-based NGL Energy Partners LP and its wholly owned subsidiary NGL Energy Finance Corp. announced Wednesday that they have priced a private offering of $700 million aggregate principal amount of 7.50% senior notes due 2023, representing an upsize from the previously announced private offering of $400 million aggregate principal amount of senior notes. NGL expects to use the net proceeds of this offering …
Oil Futures Soar on Wednesday as Data Reveals Large Reduction in U.S. Crude Oil Supplies
Oil traders finally got the long awaited news of a surprise massive drop in crude oil stockpiles resulting in a 15-month high settlement on Wednesday, according to Bloomberg MarketWatch. November West Texas Intermediate crude soared $1.31, or 2.6%, to settle at $51.60 a barrel on the New York Mercantile Exchange, marking its highest settlement since July …
Completion Reports October 20, 2016
ALFALFA COUNTY Chesapeake Operating Llc 33 28N 9W Thames 33-28-9 Swd 1, September 02, 2016 DH, DISP, TD: 7973 ft Lat: 36.85563, Long: -98.17986 API: 35003224090002 BLAINE COUNTY Cimarex Energy Co Mississippian: Oil 723 Gas 2414 Water 794 Flow 11 15N 11W Lehman 1-11h, August 21, 2016 HH, OIL, TD: 16001 ft Lat: 35.78362, …
Permits to Drill October 20, 2016
Cleveland County BARBOUR #2-34, October 19 2016 34 8N 2W NESENWNE API: 02721493 Lat: 35.12892635505315, Long: -97.39381432029225 OKLAND OIL COMPANY SH, DR, 7800 ft, DEESE 1(6750), DEESE 2 6825 7(HUNTON), DEESE 3(6960), HART(7030), DEESE 5 (OSBORN)(7120), PENN BASAL(7200) Ellis County BERRYMAN #1H-24, October 19 2016 25 18N 23W NWNWNENE API: 04523624 Lat: 36.01319321702167, Long: -99.60001436030659 …
New Negligence Lawsuit Involving 2014 Radioactive Spill Filed Against Tulsa University, Others
A 2014 chemical spill involving a radioactive isotope at the University of Tulsa’s north campus has resulted in the filing of a new lawsuit by more than two dozen plaintiffs, according to a report by the Tulsa World. The suit alleges the University of Tulsa, Chevron and British oil and gas subsidiary, Tracerco, were “grossly …
Crude Oil Futures Rise Above $50 a Barrel on Tuesday
Oil futures settled above $50 a barrel on Tuesday as investors awaited weekly data on crude oil supplies, according to Bloomberg MarketWatch. November West Texas Intermediate crude tacked on 35 cents, or 0.7%, to settle at $50.29 a barrel on the New York Mercantile Exchange, rebounding from $49.76 a barrel earlier in the day. The November …
Completion Reports October 19, 2016
CREEK COUNTY Gaskins Glendell L Production Llc Misener(3238): Oil 4 Water 600 Swab Te 4 14N 10E Yocham-wright 1, September 19, 2016 SH, OIL, TD: 3374 ft Lat: 35.72507, Long: -96.26221 API: 35037293350000 DEWEY COUNTY Jma Energy Company Llc Cleveland: Oil 209 Gas 2370 Water 3003 Flow 25 17N 20W Ira 1-25h, August 31, …
Permits to Drill October 19, 2016
Dewey County BR #1-27HLC, October 18 2016 34 16N 19W NWNENENW API: 04323483 Lat: 35.826136244527305, Long: -99.21022399855688 DUNCAN OIL PROPERTIES INC HH, DR, 14900 ft, CLEVELAND(9430) Grady County ISAAC TAYLOR 0606 #2-15-10WXH, October 18 2016 10 6N 6W SWSENWNW API: 05124072 Lat: 35.01172911603155, Long: -97.82586582672822 MARATHON OIL COMPANY HH, DR, 23422 ft, WOODFORD(13726) Kay County …
State Chamber Adds Oklahoma Energy Leaders to Board of Directors
An Oklahoma organization responsible for shaping public policy and influencing state government on energy matters has added several power industry leaders to its current board of directors. The State Chamber of Oklahoma has added the following five members to its board: Vicki Ayres-Portman, Outreach Manager, Clean Line Energy Partners (Guymon) Dusty Darr, Manager, Government Affairs, …
Increase in U.S. Active Drilling Rigs Blamed for Lower Crude Oil Settlements on Monday
Oil futures settled below the crucial $50 a barrel benchmark on Monday as an increase in the number of active drilling rigs in the U.S. and rising crude output from major producers impacted trading, according to Bloomberg MarketWatch. November West Texas Intermediate crude slipped by 54 cents, or 1.1%, to settle at $49.81 a barrel on …