Author's posts
T. Boone Pickens: America’s Oil Industry is ‘Dead in the Water’
Billionaire energy investor T. Boone Pickens said earlier this week that he believes the U.S. oil industry is “dead in the water” as OPEC members continue to pump more crude and U.S. companies curb drilling. Speaking at a dinner hosted by the Committee to Unleash Prosperity, Pickens that he doesn’t expect U.S. drilling operations to pick up again any time …
Completion Reports April 29, 2016
ALFALFA COUNTY Chesapeake Operating Llc 8 27N 11W Dogwood 5-27-11 2h, April 14, 2016 HH, TA, TD: 10500 ft Lat: 36.84017, Long: -98.40871 API: 35003231920000 CLEVELAND COUNTY Glb Exploration Inc Hunton(5615): Water 36 Pump 13 8N 1E Kennedy 1-13, April 05, 2016 SH, DRY, TD: 7205 ft Lat: 35.16784, Long: -97.15658 API: 35027212070001 Trey Resources …
Permits to Drill April 29, 2016
Noble County WILLIAMS #2-6, March 29 2016 06 22N 2E NWNWNESE API: 10324715 Lat: 36.41258855178482, Long: -97.12514958536163 WELLCO ENERGY INC SH, AM, 5150 ft, TONKAWA(2538), OSWEGO(3865), RED FORK(4104), MISSISSIPPI LIME(4395), WOODFORD(4602), VIOLA(4645), 1ST WILCOX(4695), 2ND WILCOX(4751), ARBUCKLE(4990) Woods County PETE 2515 #1H-24D, April 28 2016 19 25N 14W NWNWNWNW API: 15124469 Lat: 36.637469061158036, Long: -98.75490915058828 …
WTI Crude Futures Rise Above $45 a Barrel
Oil futures climbed on Wednesday to finish at levels last seen in November, as traders turned their attention to U.S. crude production, which fell for a seventh straight week. Prices had pared gains in the immediate wake of U.S. government data released early Wednesday showing that crude supplies rose for a third week in a …
T. Boone Pickens Endorses Donald Trump for President
Texas energy investor T. Boone Pickens predicts New York business entrepreneur Donald Trump will win the Republican presidential nomination and the White House. The CEO and Chairman of BP Capital Management said in a recent interview that Trump would be the only candidate to push real change in the US. Pickens, an Oklahoma native and …
Completion Reports April 28, 2016
ALFALFA COUNTY Chesapeake Operating Llc 15 27N 11W A C Land & Cattle 22-27-11 1h, April 11, 2016 HH, TA, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640000 CANADIAN COUNTY Chesapeake Operating Llc 12 14N 5W Chupa Swd 1-12, February 14, 2016 SH, DISP, TD: 10754 ft Lat: 35.70488, Long: -97.67860 API: 35017237860001 KAY …
Permits to Drill April 28, 2016
Ellis County WHITETAIL 14 PA #1HM, April 27 2016 14 19N 26W SWSWSESE API: 04523606 Lat: 36.11595502604216, Long: -99.93854078801333 MEWBOURNE OIL COMPANY HH, DR, 13257 ft, MARMATON(8800) Mcclain County CHAMPLIN #1-14, April 26 2016 14 5N 4W S2NWNENE API: 08721802 Lat: 34.91196359720637, Long: -97.5858320792968 ELDER CRAIG OIL AND GAS LLC SH, RC, 11683 ft, HART(8933), …
Baker Hughes Posts $981 Million Loss in First Quarter
Houston-based Baker Hughes Incorporated posted a $981 million loss in the first quarter of 2016, widening significantly from the same period a year ago, according to the company’s press release. The world’s third largest oilfield services provider reported a bigger quarterly loss on Wednesday, hurt by a continued decline in drilling activity. Baker Hughes attributed …
Oil Prices Rise After API Data Confirms Surprise Fall in Crude Supplies
Oil futures settled higher Tuesday as traders weighed the prospects for a decline in crude production, according to Bloomberg MarketWatch. The market also awaited the closely watched U.S. Energy Information Administration weekly report on crude supplies due Wednesday. On the New York Mercantile Exchange, June West Texas Intermediate crude added $1.40, or 3.3%, to settle at …
Completion Reports April 27, 2016
ALFALFA COUNTY Chesapeake Operating Llc 15 27N 11W Kraus 15-27-11 2h, April 11, 2016 HH, TA, TD: 10101 ft Lat: 36.81215, Long: -98.37108 API: 35003231590001 Chesapeake Operating Llc 15 27N 11W Kraus 15-27-11 1h, April 08, 2016 HH, TA, TD: 10135 ft Lat: 36.81215, Long: -98.37119 API: 35003231600000 GARFIELD COUNTY U S Energy Development Corporation …