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Baker Hughes Report Shows Slight Regional Increases in Rig Count
Baker Hughes’ rig count report showed oil and gas rigs operating in the U.S. hit 464 this week, an increase of one rig over last week. U.S. oil rigs were up by 7 to 381 while U.S. natural gas rigs were down by 5 to 81 and miscellaneous rigs were down by 1 to 2. …
Completion Reports August 8, 2016
ALFALFA COUNTY Chesapeake Operating Llc Mississippian(5351): Oil 313 Gas 1032 Water 2140 Artificia 15 27N 11W A C Land & Cattle 22-27-11 1h, June 01, 2016 HH, OIL, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640001 Chesapeake Operating Llc Mississippian(5353): Oil 340 Gas 1173 Water 1048 Artificia 15 27N 11W Kraus 15-27-11 2h, May …
Permits to Drill August 8, 2016
Blaine County STRACK #1-2-11XH, August 05 2016 02 16N 11W NENENENE API: 01123634 Lat: 35.89782740814932, Long: -98.33101086175391 MARATHON OIL COMPANY HH, DR, 20448 ft, MISSISSIPPIAN(8996), WOODFORD(10482) Garvin County NAYRO #2H-11, August 05 2016 14 4N 4W NWNWNENE API: 04925078 Lat: 34.82566586247251, Long: -97.58494234594916 CITIZEN ENERGY II LLC HH, DR, 14600 ft, WOODFORD(9100) Garvin County NAYRO …
OGE Energy Posts $71 Million Gain in 2Q for 2016
OGE Energy Corp. reported earnings of $71.5 million, or 35 cents per share for the second quarter of 2016, according to a company press release issued on Thursday. This compares with earnings of $87.5 million, or 44 cents per share for the same quarter a year ago. Operating revenue was $551.4 million for the second quarter ending …
WTI and Brent Crude Post Gains Correcting Prior Losses on Thursday
Crude oil futures showed signs of recovery on Thursday, reversing some of the losses from earlier in the week as traders positively reacted to the latest reports of a significant drawdown in gasoline supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose $1.10 a barrel, or 2.7%, …
Permits to Drill August 5, 2016
Greer County SPARKMAN #1, August 04 2016 08 3N 22W NWSESESE API: 05520713 Lat: 34.74042792087355, Long: -99.52959193803889 GLB EXPLORATION INC SH, DR, 4500 ft, CANYON(3232), STRAWN(3629), PENN GRANITE WASH(3983) Oklahoma County SALVATION ARMY #1, May 27 2016 31 12N 3W NESWNENE API: 10922451 Lat: 35.476375895439176, Long: -97.55078529386496 GLB EXPLORATION INC SH, AM, 8500 ft, LAYTON …
Continental Posts $119 Million Loss for 2Q, Increases Production Guidance
Oklahoma City-based Continental Resources Inc. reported a loss of more than $119 million or 32 cents a share for the second quarter, according to a company press release issued on Wednesday. Earnings before interest, taxes, depreciation, amortization and exploration expense was $528.1 million, down from $647 million in the second quarter of 2015. Total revenue …
Senate Interim Studies to Examine Drones, Mining and Tax Issues
Oklahoma Senate President Pro Tempore Brian Bingman approved 36 interim studies on Wednesday. “These interim studies will give Senators the chance to take a more in-depth look at the issues that are important to them and their constituents. The state constitution puts a lot of time constraints on the legislative process, so interim studies are …
WTI and Brent Crude Rebound on Wednesday
Crude oil futures surged higher on Wednesday based on favorable news suggesting a larger-than-expected drawdown in gasoline and crude inventories, according to Bloomberg MarketWatch. September West Texas Intermediate crude jumped $1.32, or 3.3%, to settle at $40.83 a barrel on the New York Mercantile Exchange. The U.S. benchmark plunged after the U.S. Energy Information Administration weekly data …
Permits to Drill August 4, 2016
Coal County PISTOL #1-9/16H, August 02 2016 04 1N 11E NWSWNESE API: 02921337 Lat: 34.58377955584918, Long: -96.14833644623974 BRAVO ARKOMA LLC HH, DR, 21082 ft, CANEY(9929), WOODFORD(10247) Coal County PISTOL #2-9/16H, August 02 2016 04 1N 11E NWSWNESE API: 02921338 Lat: 34.583793295215465, Long: -96.14828993671021 BRAVO ARKOMA LLC HH, DR, 21030 ft, CANEY(9929), WOODFORD(10247) Coal County PISTOL …
