Author's posts
Chesapeake Loses $438 Million Appeal in Bond Dispute
Oklahoma City-based Chesapeake Energy Corporation lost its appeal in a $438 million bond dispute by a unanimous 3-0 vote of the U.S. Second Circuit Court of Appeals on Thursday. The Manhattan federal appeals court agreed with bond trustee, BONY Mellon, that bondholders were contractually entitled to a special “make-whole” price due to the early redemption. …
Completion Reports September 15, 2016
ALFALFA COUNTY Chesapeake Operating Llc Mississippian(5716): Oil 289 Gas 1848 Water 928 Artificia 16 26N 11W Becky 16-26-11 2h, June 29, 2016 HH, OIL, TD: 10100 ft Lat: 36.72533, Long: -98.38952 API: 35003231250001 Chesapeake Operating Llc Mississippian(5761): Oil 266 Gas 1460 Water 1458 Artificia 16 26N 11W Sarah Jane 16-26-11 3h, July 03, 2016 HH, …
Oil Futures Traders Experience Volatile Wednesday as WTI and Brent Settle Lower
Oil futures settled near a two-week low on Wednesday, as traders experienced a volatile day focusing on an increase in domestic output despite an unexpected decline in crude oil stockpiles, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell by $1.32, or 2.9%, to settle at $43.58 a barrel. …
OU Students Plan ‘No DAPL’ Campus Rally on Wednesday
A public rally against the Dakota Access Pipeline is set for Wednesday, September 14, 2016 on the University of Oklahoma campus. The event is a collaboration of university students, Native American tribal organizations and the general public. The group will meet at Dale Hall in the South Oval at 12:00 p.m. The walk/protest will begin …
WTI and Brent Tumble on Tuesday as IEA Report Forecasts Supply Will Outpace Demand Into 2017
Oil futures finished at their lowest level in a week, after the International Energy Agency warned that supply will continue to outpace demand during 2017, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell $1.39, or 3%, to settle at $44.90 a barrel, marking its lowest settlement since …
Permits to Drill September 14, 2016
Blaine County VERONA #7-23-14XH, August 31 2016 26 16N 10W SWNENENE API: 01123647 Lat: 35.835042460698915, Long: -98.2261458080809 CONTINENTAL RESOURCES INC HH, AM, 19603 ft, MISSISSIPPIAN(10109) Blaine County GILLILAN #9-26-35XH, August 25 2016 26 16N 10W SWNENENE API: 01123642 Lat: 35.839855625374675, Long: -98.22604468113101 CONTINENTAL RESOURCES INC HH, AM, 19433 ft, MISSISSIPPIAN(9871) Blaine County GILLILAN #10-26-35XH, August …
OCC Issues Arbuckle Well Advisory on Discovery of New Earthquake Fault in Osage County
The Oklahoma Corporation Commission’s Oil and Gas Division issued an advisory on Monday as new data from the Oklahoma Geological Survey and the United States Geological Survey revealed a newly discovered fault near the site of the 5.8 magnitude earthquake in Pawnee, Oklahoma on September 3, according to a report by News9.com. Based on the …
The Future is Bright for U.S. Solar Power Growth
U.S. solar power capacity grew by more than two gigawatts during the second quarter of 2016, representing an astonishing 43 percent increase from the same period last year, according to the latest U.S. Solar Market Insight Report released on Monday by GTM Research and the Solar Energy Industries Association. “We’re seeing the beginning of an …
US Senate Considers Water Resources Development Act
The Senate is poised to vote Tuesday on the Water Resources Development Act of 2016 (S. 2848). The $9 billion bill package would authorize 25 water development projects in 17 states across the country, including $280 million earmarked for the lead-contamination drinking water crisis in Flint, Michigan. The House passed a limited $5 billion WRDA …
Federal Intervention on Oil Pipeline Project Unprecedented
BISMARCK, N.D. (AP) — The Standing Rock Sioux’s effort to block a four-state oil pipeline got a lifeline when the federal government temporarily stopped the project, a move some say likely may forever change the way all energy infrastructure projects are reviewed in the future. Just minutes after U.S. District Judge James Boasberg denied the Standing Rock Sioux …