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Completion Reports August 4, 2016
CARTER COUNTY Citation Oil & Gas Corporation 7 2S 2W Wildcat Jim Unit 252, August 26, 2015 SH, INJ, TD: 3450 ft Lat: 34.39093, Long: -97.44081 API: 35019261240002 DEWEY COUNTY Continental Resources Inc 14 17N 15W Jane (Luann 1) 1-14 Swd, August 01, 2016 SH, DISP, TD: 9847 ft Lat: 35.94767, Long: -98.76522 API: 35043224970004 …
Devon Posts Second Quarter Loss of $1.6 Million
Despite taking a substantial second quarter loss, Devon Energy Corporation raised its full-year guidance due to asset sales, cost reductions and better-than-expected production. On Tuesday, the Oklahoma City-based independent oil and natural gas exploration and production company reported a second quarter net loss of $1.6 billion or $3.04 a share, up from a loss of …
WTI Falls Below $40 a Barrel on Tuesday
Crude oil futures settled below $40 a barrel on Wednesday for the first time since early April, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, the September West Texas Intermediate crude oil contract traded higher at $40.91 a barrel earlier in the day but fell 55 cents, or 1.4%, to settle …
ONEOK Posts Higher 2Q 2016 Financial Results
ONEOK Inc. on Tuesday reported profits of $85.9 million for the second quarter, or 40 cents a share, up 12 percent compared to $76.5 million, or 36 cents a share earned for the same period a year ago. The company’s master limited partnership, ONEOK Partners LP, reported second quarter earnings of nearly $261.5 million, or …
Completion Reports August 3, 2016
CADDO COUNTY Harmon C E Oil Inc Melton(5830): Oil 1 Gas 113 Water 15 Pump 13 5N 9W School Land A 1, March 11, 2016 SH, GAS, TD: 6916 ft Lat: 34.91143, Long: -98.10370 API: 35015373050002 CANADIAN COUNTY Devon Energy Production Co Lp Mississippian(9035): Oil 534 Gas 1030 Water 1484 Flow 12 14N 8W Simba …
Permits to Drill August 3, 2016
Ellis County NIGHTENGALE 8 #11HX, August 02 2016 17 20N 26W SWSESENE API: 04523620 Lat: 36.21026499303161, Long: -99.9905643728172 JONES ENERGY LLC HH, DR, 15274 ft, CLEVELAND(8050) Kingfisher County VADDER 18-05-23 #1H, August 02 2016 23 18N 5W SESESESW API: 07325347 Lat: 36.01526271335817, Long: -97.70306391136388 STAGHORN PETROLEUM LLC HH, DR, 12200 ft, MISS’AN (EX CHESTER)(6320) Major …
Seventy Seven Energy Converts Debt, Exits Bankruptcy
Seventy Seven Energy Inc. announced on Monday that it has emerged from Chapter 11 bankruptcy protection after successfully completing its prepackaged restructuring and recapitalization efforts, according to a company press release. The Oklahoma City-based company filed for Chapter 11 reorganization in the United States Bankruptcy Court for the District of Delaware on July 14, 2016. …
Oil Futures Fall to Bear Market on Monday
The bears clawed their way to the top of an unstable oil futures market as both West Texas Intermediate and Brent crude fell sharply on Monday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September WTI crude dropped $1.54, or 3.7%, to end at a three-month low of $40.06 a barrel, allowing the …
Completion Reports August 2, 2016
ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian(5500): Oil 153 Gas 1407 Water 3151 Pump 28 28N 11W Morgan Trust 2811 1-28h, June 23, 2016 HH, OIL, TD: 11457 ft Lat: 36.87058, Long: -98.38606 API: 35003232540000 GARVIN COUNTY Charter Oak Production Co Llc 1 4N 3W May West 1-1, January 05, 2016 SH, PLUG, TD: …
Permits to Drill August 2, 2016
Canadian County GANDY DANCER 3-13N-8W #1H, July 12 2016 10 13N 8W SENENENE API: 01724918 Lat: 35.623011246798605, Long: -98.03133928574957 DEVON ENERGY PRODUCTION CO LP HH, AM, 15637 ft, MISS (CHESTER)(9251), MISSISSIPPI LIME(10031) Kingfisher County GRELLNER #1606 1-25MH, July 29 2016 36 16N 6W NWNENENW API: 07325346 Lat: 35.82695652480736, Long: -97.79142677700295 MARATHON OIL COMPANY HH, DR, …