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WTI Oil Climbs Above $50 on Thursday for First Time Since July
Crude oil futures hit the key mark of $50 a barrel on Thursday before retreating lower as traders remained cautious due to global output concerns and excessive storage supplies, according to Bloomberg MarketWatch. For the first time since last July, West Texas Intermediate crude under the new July contract advanced to $50.21 a barrel before …
Permits to Drill May 27, 2016
Custer County GRAHAM “F” #1, May 26 2016 30 15N 19W CSW API: 03921102 Lat: 35.74366796902711, Long: -99.26587245659083 MARATHON OIL COMPANY SH, RC, 11400 ft, MARMATON(10150) Kingfisher County HASTY 3-18-6 #1H, May 19 2016 03 18N 6W SWSWSESE API: 07325302 Lat: 36.058709122020595, Long: -97.82231107765456 CHESAPEAKE OPERATING LLC HH, AM, 11500 ft, BIG LIME(6171), OSWEGO(6192)
SB 1577’s Cap of $12.5 Million for At Risk Wells On Governor’s Desk
An Oklahoma bill providing a tax rebate for economically at-risk oil and gas wells received final passage in the Senate on Wednesday. Senate Bill 1577, co-authored by Senate Pro Tempore Brian Bingman and House Speaker Jeff Hickman, was originally filed on May 2 in order to slash a tax rebate program that was originally created …
WTI and Brent Surge Over $49 a Barrel on Wednesday
Oil futures jumped closer to $50 a barrel on Wednesday, marking their greatest settlement since October, according to Bloomberg MarketWatch. July West Texas Intermediate crude rose 94 cents, or 1.9%, on the New York Mercantile Exchange to end trading at $49.56 a barrel. On London’s ICE Futures Exchange, July Brent crude, the global benchmark, tacked …
Completion Reports May 26, 2016
CREEK COUNTY Dyer Dale E Dba The Loving Company 12 17N 8E Pickett 6a, April 15, 2016 SH, INJ, TD: 2996 ft Lat: 35.97077, Long: -96.41509 API: 35037292890001 CUSTER COUNTY Blake Production Company Inc Oswego: Oil 86 Gas 89 Water 175 Pump 23 15N 15W Putnam Oswego Unit 1-23h, September 25, 2015 HH, OIL, TD: …
Permits to Drill May 26, 2016
Alfalfa County SHARON 31-27-11 #1H, May 25 2016 30 27N 11W SESESESW API: 00323256 Lat: 36.78340549636839, Long: -98.42382682962905 CHESAPEAKE OPERATING LLC HH, DR, 10700 ft, MISSISSIPPIAN(5417) Creek County PICKETT #A-3, May 25 2016 12 17N 8E CNESENW API: 03714026 Lat: 35.969406156957724, Long: -96.41509220116342 DYER DALE E dba THE LOVING COMPANY SH, RC, 3128 ft, RED …
Doak Highlights Concern Over Earthquake Insurance Competition, Rate Increases
Commissioner John Doak is increasingly alarmed about competition within the earthquake insurance market as data revealed that four companies hold 55 percent of this market, according to an Oklahoma Insurance Department press release. At a public meeting held on Tuesday, Commissioner Doak heard that insurers collected more than $76 million in earthquake insurance premiums while …
Communities Battle Energy Companies Over Mangled Roads
It isn’t smooth sailing where the rubber meets the road when driving in northern Oklahoma near the entrance to Lake McMurtry. In fact, there have been quite a number of bumps in the road near Perry along State Highway 86. The same holds true for County Road 58 up in Noble County as well as …
Another Triumphant Tuesday as WTI, Brent Rise Above $48
Traders let it ride on Tuesday, rewarded with a surge in crude oil future prices as the American Petroleum Institute again confirmed a supply decrease of 5.1 million barrels, according to Bloomberg MarketWatch. July West Texas Intermediate crude added 54 cents, or 1.1%, to close out trading on the New York Mercantile Exchange at $48.62 …
Completion Reports May 25, 2016
BLAINE COUNTY Continental Resources Inc Mississippian(10434): Oil 1411 Gas 3900 Water 1807 Flow 18 16N 11W Foree 1-18-7xh, April 17, 2016 HH, OIL, TD: 18173 ft Lat: 35.85621, Long: -98.40317 API: 35011235450000 Devon Energy Production Co Lp Mississippi Lime(9872): Oil 571 Gas 1573 Water 646 Pump 27 16N 10W Sidney 27-16n-10w 1h, April 20, 2016 …