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Blueknight Purchases Ergon Asphalt Terminals for $108.8 Million; Ergon Acquires Blueknight’s General Partner
Oklahoma City-based Blueknight Energy Partners, L.P. announced it’s buying nine asphalt terminals for nearly $109 million from Ergon, Inc., a company based in Jackson, Mississippi. In turn, Ergon is acquiring Blueknight’s general partner. Ergon was established in 1954 and is involved in asphalt, crude oil and refined products. The nine terminals are located in Wolcott, …
Completion Reports July 21, 2016
BLAINE COUNTY Marathon Oil Company Meramac(9093): Oil 1363 Gas 1755 Water 655 Flow 27 17N 10W Olive June 1-27xh, May 29, 2016 HH, OIL, TD: 20022 ft Lat: 35.92637, Long: -98.26233 API: 35011235640000 Marathon Oil Company Mississippian(8372): Oil 1466 Gas 2474 Water 862 Flow 27 17N 10W Irven John 1-27xh, May 29, 2016 HH, OIL, …
Permits to Drill July 21, 2016
Caddo County RUCKMAN #2H-20, July 18 2016 29 11N 12W SENWNENW API: 01523270 Lat: 35.40516433521576, Long: -98.49404899114406 EXCALIBUR RESOURCES LLC HH, AM, 15250 ft, MARCHAND(9950) Creek County YARGEE #4, July 20 2016 05 18N 7E SWNWNWNW API: 03729345 Lat: 36.074003857237855, Long: -96.60133831460197 WELCH ENERGY LLC SH, DR, 3100 ft, LAYTON(1518), CLEVELAND(1832), PRUE(2280), SKINNER(2380), PINK LIME(2458), …
U.S. Crude Oil Drops to 10-Week Low on Tuesday
Oil futures fell on Tuesday as skittish traders responded to the increasing glut of crude oil inventories with easing energy demand, according to Bloomberg MarketWatch. August West Texas Intermediate crude dropped 59 cents, or 1.3%, to settle at $44.65 a barrel on the New York Mercantile Exchange, its lowest close since May 9. On the …
Completion Reports July 20, 2016
ALFALFA COUNTY Chesapeake Operating Llc 15 25N 12W Betty Jo 22-25-12 1h, June 29, 2016 HH, TA, TD: 11662 ft Lat: 36.63838, Long: -98.48304 API: 35003232090000 HUGHES COUNTY Petroquest Energy Llc 23 7N 11E Lynn 3-14h, May 23, 2016 HH, DRY, TD: 409 ft Lat: 35.06980, Long: -96.11597 API: 35063245880000 Petroquest Energy Llc Woodford(5757): Gas …
Permits to Drill July 20, 2016
Beaver County HENNIGH #1-11, July 19 2016 11 2N 26E S2S2SWNW API: 00723983 Lat: 36.65291379524782, Long: -100.2334426621411 LATIGO OIL AND GAS INC SH, RC, 5900 ft, CHASE(3028) Hughes County CLAIRE #2-23/26H, July 19 2016 14 7N 11E SWNESESW API: 06324604 Lat: 35.074958640878066, Long: -96.11674209914612 PETROQUEST ENERGY LLC HH, DR, 13098 ft, WOODFORD(5800) Hughes County CLAIRE …
Congressman Russell Announces Town Hall Meetings
Oklahoma Congressman Steve Russell has announced that he will hold two town hall meetings on Thursday, July 21, 2016 in Oklahoma City. A “Bring Your Own Brown Bag Lunch” gathering will be hosted at noon at the OSU-OKC Student Center and at 6 p.m. at Francis Tuttle Technology Center. Both events are open to the public. The …
Laredo Announces Common Stock Offering to Fund Midland Basin Acquisition
Closely following a significant $125 million acquisition in the Midland Basin area, Tulsa-based Laredo Petroleum, Inc. announced that the company is partnering with Credit Suisse Securities (USA) LLC for a stock offering expected to net $136.3 million. According to Laredo’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 18, 2016, the …
Devon Achieves STACK Success With Record Oil Well and Spacing Pilot
Oklahoma’s STACK play is reaping rewards for Devon Energy Corporation. The company announced on Monday that it has brought online a record-setting oil well in southwest Kingfisher County in addition to completing another successful spacing test. Devon announced the Pony Express 27-1H was drilled in southwest Kingfisher County with a 5,000-foot lateral and achieved a …
Crude Oil Futures Trade Lower on Monday
Crude oil futures ended lower on Monday, shortly before a government report was issued revealing less-than-anticipated declines in U.S. shale oil output, according to a news report by Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude slid 71 cents, or 1.6%, to end trading at $45.24 a barrel. September Brent …
