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Gasoline Prices Rise Close to Six-Month High
Oklahoma’s gasoline prices have risen steadily to a statewide average of $1.95 while the national average is at $2.22, according to the latest Fuel Gauge Report issued by AAA Oklahoma. The national gas price average is at its highest level in more than six months – it has remained above $2 per gallon for 40 …
Broken Arrow’s Zeeco Inc. Confirms Layoffs
The slumping energy sector has claimed more local jobs, according to the Tulsa World. Zeeco Inc., a Broken Arrow-based manufacturing company with a global presence, held a round of layoffs Friday, the company confirmed Monday. The provider of combustion equipment and advanced environmental systems says that the cuts are a result of the weak state …
Completion Reports May 3, 2016
BLAINE COUNTY Continental Resources Inc Mississippi Lime(10881): Oil 1817 Gas 4381 Water 1434 Flow 2 15N 11W Compton 1-2-35xh, January 05, 2016 HH, GAS, TD: 21137 ft Lat: 35.79827, Long: -98.34322 API: 35011235410000 COAL COUNTY Bp America Production Company Woodford: Gas 3792 Flow 13 3N 11E Smalley 5-12h, December 15, 2015 HH, GAS, TD: 14053 …
Permits to Drill May 3, 2016
Kingfisher County STANGL 25-16-9 #6H, May 02 2016 25 16N 9W NENENENE API: 07325287 Lat: 35.84065340734049, Long: -98.10141044401607 CHESAPEAKE OPERATING LLC HH, DR, 19200 ft, MISSISSIPPI LIME(9000) Kingfisher County STANGL 25-16-9 #6H, May 02 2016 25 16N 9W NENENENE API: 07325287 Lat: 35.84065340734049, Long: -98.10141044401607 CHESAPEAKE OPERATING LLC HH, DR, 19200 ft, MISSISSIPPI LIME(9000) Pontotoc …
Oil Futures Slip Friday, Gain Nearly 20 Percent for Month
Oil futures finished Friday with a modest loss following news of a monthly climb in production from OPEC but ended April with a monthly gain of nearly 20%, according to Bloomberg MarketWatch. The ride wasn’t a smooth one and volatility will likely prevail in the weeks to come as traders navigate conflicting clues on the …
Permits to Drill May 2, 2016
Grady County HUFFMAN #2H-30-19, April 29 2016 30 10N 5W NESWSESW API: 05124036 Lat: 35.30695629690792, Long: -97.77042180594574 CITIZEN ENERGY II LLC HH, DR, 20200 ft, MISSISSIPPIAN(9650) Kingfisher County CHICKEN YARD 32-15N-7W #1H, April 29 2016 32 15N 7W SESESESE API: 07325286 Lat: 35.726408370158644, Long: -97.9598172424961 DEVON ENERGY PRODUCTION CO LP HH, DR, 13507 ft, MISS’AN …
Corporation Commission Approves OGE’s $500 Million Coal Plant Upgrade
The Oklahoma Corporation Commission approved a plan by the state’s largest electric utility to spend about $500 million to upgrade its coal-fired power plant in northern Oklahoma. The three-member regulatory panel voted unanimously on Thursday that the plan by Oklahoma Gas & Electric to install dry scrubbers at its Sooner Power Plant near Red Rock …
Producers Seek Dismissal of Sierra Club Earthquake Suit in Federal Court
Oklahoma producers on Monday fired back at environmental groups in a legal tussle in the U.S. District Court for the Western District of Oklahoma, asking for dismissal of a lawsuit over alleged oil and natural gas injection well-induced earthquakes in the state. At issue is a lawsuit filed by the Sierra Club (Sierra Club v. …
Energy Sector Woes Hit Hard in Oklahoma, Texas and Wyoming
The slump in crude prices is starting to show up as missed payments by consumers in the oil patch, according to a report published in The Wall Street Journal. In states from Oklahoma and Texas to North Dakota and Wyoming, rising unemployment in the energy sector is pushing up loan delinquencies and raising the risk …
Oil Hits $46 a Barrel for First Time Since November
Oil futures settled above $46 a barrel Thursday, as seven straight weeks of declines in U.S. crude production as well as weakness in the dollar helped lift prices to their best level in nearly six months, according to Bloomberg MarketWatch. Some analysts questioned whether crude will continue its positive momentum given a lack of significant …
