Author's posts
The Ups and Downs of WTI and Brent Crude Oil Futures
Despite posting healthy gains for a fourth consecutive month, oil futures fell while natural gas was up on Tuesday, according to Bloomberg MarketWatch. West Texas Intermediate crude for July fell 23 cents, or 0.5%, on the New York Mercantile Exchange, ending trade at $49.10 a barrel, after reaching slightly above $50 before settling lower. For …
Tulsa’s D&L Oil Tools Has Second Layoff in 2016
Following a reduction in force of 78 employees earlier in March of this year, Tulsa-based D&L Oil Tools announced on Tuesday that it is eliminating 53 additional positions effective immediately, resulting in another decrease of almost 20 percent of its remaining workforce, according to the Tulsa World. “This has been an unbelievably tough year for …
Completion Reports June 1, 2016
GARFIELD COUNTY Sandridge Exploration & Production Llc Mississippian(6620): Oil 617 Gas 2394 Water 5507 Pump 32 24N 8W Dettle 2408 1-29h/20h, April 29, 2016 HH, OIL, TD: 16848 ft Lat: 36.52057, Long: -98.07855 API: 35047250620000 GRADY COUNTY Continental Resources Inc Woodford(14793): Oil 474 Gas 10293 Water 4534 Flow 25 3N 5W Newy 8-25-24-13xh, March 31, …
Permits to Drill June 1, 2016
Canadian County TOY DARROW #1H-8-5, May 31 2016 07 10N 5W NWSENESE API: 01724905 Lat: 35.353259708841215, Long: -97.76145737817907 CITIZEN ENERGY II LLC HH, DR, 17800 ft, WOODFORD(9100) Custer County HAMAR #1R-33-28XH, May 31 2016 33 15N 14W SWSWSWSW API: 03922480 Lat: 35.72586565757616, Long: -98.70243720750915 CONTINENTAL RESOURCES INC HH, DR, 24518 ft, MISSISSIPPIAN(13070), WOODFORD(13940), HUNTON(14090) Grady …
OIPA Hosts 2016 Annual Meeting in Las Colinas, Texas
The Oklahoma Independent Petroleum Association will hold its 2016 Annual Meeting at the Four Seasons Resort in Las Colinas, Texas on June 10-13. Touted as “one of the largest conferences hosted by a statewide oil and natural gas association in the nation,” the OIPA meeting will feature discussions on legislative updates, shale, natural gas and …
Baker Hughes Rig Count: Oklahoma Adds Two Rigs Last Week
The U.S. rig count remained unchanged at 404, according to the Baker Hughes weekly rig count released on Friday. Leading the pack with the largest gain in North America, Oklahoma added two rigs last week, bringing the cumulative number of active rigs to 59. A year ago, Oklahoma had 106 rigs. Louisiana gained one rig …
Oil Futures Slip on Friday, Remain Above $49 a Barrel
Oil futures closed out Friday on a lower note but continued to show a third-straight weekly gain, according to Bloomberg MarketWatch. July West Texas Intermediate crude slipped 15 cents, or 0.3%, to settle at $49.33 a barrel on Friday’s New York Mercantile Exchange. For the week, prices finished up roughly 1.9% based on the most …
Completion Reports May 30, 2016
ALFALFA COUNTY Chesapeake Operating Llc 26 26N 11W Arlene 26-26-11 2h, May 11, 2016 HH, TA, TD: 10400 ft Lat: 36.70945, Long: -98.34893 API: 35003231860000 GRADY COUNTY Continental Resources Inc Woodford(14615): Oil 381 Gas 3131 Water 1098 Flow 7 5N 5W Moore 1-7h, April 05, 2016 HH, OIL, TD: 19463 ft Lat: 34.91414, Long: -97.77146 …
Permits to Drill May 30, 2016
Kingfisher County DALMORE 1706 #4-17MH, May 27 2016 17 17N 6W NWNWNENW API: 07325305 Lat: 35.955700594649734, Long: -97.86690038991534 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, 12788 ft, MISSISSIPPIAN(7038) Muskogee County ALBERT #35-14C, May 27 2016 35 15N 15E SWNESESW API: 10122931 Lat: 35.72803358518553, Long: -95.68839278935526 J & J PRODUCTION COMPANY SH, DR, 2500 ft, BARTLESVILLE(735), BOOCH(1125), …
ETE Seeks Merger Termination in Delaware Counterclaim as Dallas Case is Dismissed
Striking back against its antagonistic merger partner, Dallas-based Energy Transfer Equity, L.P. announced on Thursday that it recently filed its affirmative defenses coupled with a counterclaim in the Delaware Chancery Court lawsuit originally brought by The Williams Companies, Inc. on May 13. In the Delaware action, ETE also seeks a declaratory judgment allowing the company …
