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Oil Futures Drop on Friday as OPEC Informal Meeting in Algiers Takes Center Stage
Oil futures plunged sharply on Friday after a Saudi Arabian delegate reportedly said oil producers aren’t likely to make a decision on production levels at the Algiers meeting, according to Bloomberg MarketWatch. The informal meeting at the International Energy Forum in Algeria will only offer a chance for OPEC and other oil producers to consult …
Federal Grant of $1 Million to Help Rural Oklahoma Oil and Gas Industry
The U.S. Secretary of Commerce announced Tuesday that the Department’s Economic Development Administration is investing nearly $2 million in Oklahoma to support manufacturers and boost workforce training in the medical sector. A $1 million federal grant was received by the Oklahoma Center for the Advancement of Science and Technology (OCAST) to help with diversification and …
Williams Completes Sale of Canadian Assets for $1.06 Billion
Tulsa-based Williams Companies and Williams Partners announced Friday the completion of the sale of their Canadian businesses to Inter Pipeline Ltd. for combined cash proceeds of nearly $1.06 billion, or $1.38 billion in Canadian dollars, according to a report by The Tulsa World. The deal was initially announced in early August. The partnership and the …
H&P Settles 2014 Employee Negligence Lawsuit for $72 Million
In a U.S. Securities and Exchange Commission Form 8-K filing on Tuesday, Tulsa-based Helmerich & Payne disclosed that the company has settled a 2014 negligence lawsuit filed by a drilling rig employee for $72 million. Joshua Keel, an employee of Helmerich & Payne International Drilling Co., filed the lawsuit in the 152nd Judicial Court for …
Completion Reports September 26, 2016
COAL COUNTY Bravo Arkoma Llc Woodford(6020): Gas 2923 Water 822 Flow 17 1N 9E Lackey 2-17/20h, May 07, 2016 HH, GAS, TD: 12660 ft Lat: 34.55674, Long: -96.37286 API: 35029213280000 Bravo Arkoma Llc Woodford(6020): Oil 9 Gas 3019 Water 1181 Flow 17 1N 9E Lackey 1-17/20h, May 30, 2016 HH, GAS, TD: 12678 ft Lat: …
Permits to Drill September 26, 2016
Blaine County DONNA MAE #2-13H, September 23 2016 24 16N 11W SWNENWNE API: 01123661 Lat: 35.85406373511769, Long: -98.31892091279371 CONTINENTAL RESOURCES INC HH, DR, 16416 ft, HUNTON(11129) Blaine County BINDER #2R-13H, September 23 2016 12 16N 11W NESWSWSW API: 01123660 Lat: 35.87163402941524, Long: -98.32949067139681 CONTINENTAL RESOURCES INC HH, DR, 16339 ft, WOODFORD(11155) Carter County OIL CITY …
Templar Energy Avoids Bankruptcy as Lenders Approve $1.45 Billion Debt Restructuring Plan
Oklahoma City-based Templar Energy LLC has restructured $1.45 billion of debt in order to avoid bankruptcy after securing unanimous lender approval of its reorganization plan, according to a report by The Oklahoman. The oil and natural gas producer’s second lien lenders canceled $1.45 billion in debt in exchange for $133 million in cash and 45 …
Oil Prices Back Above $45 a Barrel for Both WTI and Brent Crude on Thursday
Oil futures climbed Thursday as government data confirmed a third consecutive weekly decline in domestic crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude rose 98 cents, or 2.2%, to settle at $46.32 a barrel, its highest finish since September 8. That marked a fourth consecutive …
Completion Reports September 23, 2016
BLAINE COUNTY Marathon Oil Company Mississippian(11230): Oil 226 Gas 11893 Water 1457 Flow 2 14N 12W Knapp Family 1-2h, August 07, 2016 HH, GAS, TD: 17500 ft Lat: 35.71171, Long: -98.44066 API: 35011235710000 ELLIS COUNTY Ppp Petroleum Lp 21 18N 24W Gross 4-16h, September 19, 2016 DH, null, TD: 14395 ft Lat: 36.02736, Long: …
Permits to Drill September 23, 2016
Blaine County LEONA TRUST 1-15N-10W #1H, September 22 2016 01 15N 10W SESESESE API: 01123659 Lat: 35.79828666203948, Long: -98.20779271034424 DEVON ENERGY PRODUCTION CO LP HH, DR, 14705 ft, MISSISSIPPIAN(9005), HUNTON(10515) Blaine County GILLILAN #6-26-35XH, September 22 2016 26 16N 10W SWNENWNE API: 01123657 Lat: 35.839940638033376, Long: -98.23080162888103 CONTINENTAL RESOURCES INC HH, DR, 19535 ft, …