Author's posts
Six Williams Board Members Resign Following Failed CEO Ouster
In the wake of the failed merger between the Williams Companies and Energy Transfer Equity, nearly half of the Williams’ board of directors resigned Thursday afternoon following an unsuccessful attempt to remove Alan Armstrong as the company’s Chief Executive Officer. News of the board resignations spread quickly among the Tulsa business community. “We were really …
Oil Futures Retreat on Thursday Following Best Quarterly Gain in Seven Years
After posting their largest gain since April, crude oil futures retreated on Thursday despite posting the greatest quarterly gain since 2009, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude dropped $1.55, or 3.1%, to settle at $48.33 a barrel. WTI prices gained over 26% for the second quarter, …
Completion Reports July 1, 2016
CANADIAN COUNTY Devon Energy Production Co Lp Woodford(10045): Oil 544 Gas 1032 Water 1627 Flow 31 14N 7W Old Ricky’s Ridge 31_30-14n-7w 1hx, June 07, 2016 HH, OIL, TD: 20054 ft Lat: 35.63908, Long: -97.99199 API: 35017248810000 HUGHES COUNTY Petroquest Energy Llc Woodford(5294): Gas 2081 Water 1520 Flow 9 7N 11E Aggie 3-9h, March 11, …
Permits to Drill July 1, 2016
Ellis County CRIPPLE BEAR #4H-30, June 30 2016 19 17N 23W SESWSESE API: 04523617 Lat: 35.92703771949852, Long: -99.68672873333333 LE NORMAN OPERATING LLC HH, DR, 13514 ft, TONKAWA(8250) Kingfisher County COLEMAN 1706 #5B-9MH, June 30 2016 16 17N 6W NWNENENW API: 07325329 Lat: 35.9553275048923, Long: -97.84713122927964 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, 12781 ft, MISS’AN (EX …
Incentive Evaluation Commission Targets $26 Million Energy Tax Credit
Oklahoma’s Incentive Evaluation Commission met on Wednesday afternoon to set its evaluation schedule, with several energy-related tax credits identified for review over the course of four years. The Commission is expected to review at least 11 incentives this year and recommend whether each should be replaced, repealed or reformed before the start of the 2017 …
Interim Rate Hike of $69.5 Million Implemented by OGE on Friday
OGE Energy Corp. will implement a $69.5 million interim rate increase as it awaits a decision from state regulators in its pending rate case, according to a news report published late Wednesday by The Oklahoman. The increase is effective Friday. The move comes over six months after the company filed for a $92.5 million increase with …
Crude Oil Futures Jump While Supply is Down on Wednesday
Shaking off recent concerns over the United Kingdom’s referendum vote to leave the European Union, crude oil futures soared on Wednesday, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose $2.03, or 4.2%, on the New York Mercantile Exchange to settle at $49.88 a barrel. August Brent crude, the global benchmark, jumped $2.03, or …
Completion Reports June 30, 2016
CADDO COUNTY Crawley Petroleum Corporation 7 10N 11W Barger 1, June 11, 2016 SH, DRY, TD: 15087 ft Lat: 35.35218, Long: -98.39967 API: 35015210800002 CANADIAN COUNTY Devon Energy Production Co Lp Mississippian(10397): Oil 403 Gas 2538 Water 1320 Pump 14 14N 9W Hansen 14-14n-9w 1h, May 25, 2016 HH, OIL, TD: 15484 ft Lat: 35.68246, …
Permits to Drill June 30, 2016
Canadian County OPPEL #1H-16-21, June 29 2016 09 11N 7W NWSESWSW API: 01724915 Lat: 35.43615731138812, Long: -97.95163584268008 CITIZEN ENERGY II LLC HH, DR, 21300 ft, WOODFORD(10700) Custer County SCHROCK #1-23-26XH, June 29 2016 23 14N 14W NENWNWNW API: 03922483 Lat: 35.68133835203735, Long: -98.66598851394019 CONTINENTAL RESOURCES INC HH, DR, 25021 ft, MISSISSIPPIAN(13842), WOODFORD(14772), HUNTON(15000) Custer County …
WTI, Brent and Natural Gas Futures Climb on Tuesday
Crude oil futures changed course and rebounded on Tuesday, posting gains as markets continued to weigh the outcome of the Brexit vote, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude gained $1.52, or 3.3%, to settle at $47.85 a barrel. On the London ICE Futures Exchange, August Brent …