Author's posts
Kansas Regulators Issue Order Restricting Wastewater Injections
The Kansas Corporation Commission approved an order on Tuesday that restricts the amount of oilfield saltwater injections which are introduced into the Arbuckle formation in parts of five counties located in south central Kansas. The state regulatory panel hopes that the new rules will place more restrictions on the volume of wastewater that can be dumped …
Tuttle Grasps With Benefits and Burdens of LINN Energy’s New Plant Construction
In Grady County, construction of a new natural gas compression plant is the center of controversy. Houston-based LINN Energy is currently building the facility in the community of Tuttle. The compressor plant, located off Highway 37 on Cemetery Road, is expected to process around 60 million cubic feet of natural gas per day while serving …
Corporation Commission to Hear Motions in Bribery Rate Case
The Oklahoma Corporation Commission has finally set an August 22 date to handle a nearly 27-year dispute over a bribed vote that gave a massive rate hike to Southwestern Bell. But Attorney General Scott Pruitt is objecting. Some consumers are asking for a refund totaling nearly 16 billion dollars. It’s a case where a handful …
Fire Rocks Southeastern Louisiana Refinery Early Thursday
A large fire erupted at Shell’s Motiva oil refinery in Convent, Louisiana shortly before 11 a.m. on Thursday. Located nearly 68 miles west of New Orleans in St. James Parish along the Mississippi River, the giant complex was evacuated as firefighters raced to control the blaze in Motiva’s H-Oil unit before extinguishing the flames around 3:30 …
Oil Futures Rally as OPEC Plans Informal Meeting to Stabilize Market
Oil futures rebounded on Thursday as investors reacted positively to news reports that Saudi Arabia’s energy minister will take action to stabilize the market at an informal meeting next month, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude added $1.78, or 4.3%, to settle at $43.49 a barrel, …
Cypress Energy Partners Reports 2Q Net Loss of $11.6 Million
Tulsa-based Cypress Energy Partners, L.P. announced a net loss of $11.6 million for second quarter of 2016, according to a company press release. The energy company previously lost $1.4 million during the first quarter of 2016. The second quarter results are down when compared to a net income of $1.9 million generated during the same …
Completion Reports August 12, 2016
BLAINE COUNTY Continental Resources Inc Mississippian(10408): Oil 1484 Gas 6855 Water 611 Flow 25 16N 13W Frankie Jo 1-25-24xh, July 02, 2016 HH, OIL, TD: 21429 ft Lat: 35.82726, Long: -98.53810 API: 35011235730000 Continental Resources Inc Mississippian(13245): Oil 17 Gas 14028 Water 2423 Flow 35 14N 12W Yocum 1-35-26xh, April 20, 2016 HH, GAS, TD: …
Permits to Drill August 12, 2016
Canadian County QUERENCIA 27-14-7 #1WH, July 12 2016 27 14N 7W SWSWSWSW API: 01724920 Lat: 35.65370627681012, Long: -97.94049627581855 CASILLAS OPERATING LLC HH, AM, 14286 ft, MISSISSIPIAN(8716), WOODFORD(9196), HUNTON(9296) Coal County QUEEN #2-24H, August 11 2016 25 2N 11E NWSENWNW API: 02921339 Lat: 34.62025896258606, Long: -96.10759808510673 : BP AMERICA PRODUCTION COMPANY HH, DR, 16750 ft, MISSISSIPPIAN(10191), …
Canceled Lease Sales Are Subject of Recent Federal Lawsuit in New Mexico
A southwestern trade group representing over 300 energy companies engaged in oil and natural gas exploration and production activities is accusing federal officials of illegally canceling or postponing the sale of more than two dozen leases over the past two years, according to an Associated Press report. The Western Energy Alliance filed a lawsuit in …
IEA: U.S. Drillers Need $60 a Barrel to Spark Resurgence
Despite crude oil prices consistently hovering in the $40 to $45 a barrel range in recent weeks, the International Energy Agency says U.S. drillers need $60 a barrel in order to rebound, according to a Bloomberg report. While shale drilling shows signs of increasing, crude oil prices need to climb closer to $60 a barrel …