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Volatile Trading on Wednesday Results in Lower Crude Oil Settlements
Oil futures ended lower in volatile trading on Wednesday after a weekly U.S. government report revealed a surprise rise in crude stockpiles, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell 39 cents, or 0.7%, to settle at $56.81 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, lost 20 …
Completion Reports – October 20, 2017 through November 7, 2017
COUNTY Well Name SCTN TWN RNG SPOT Completion Date Scan Date API Document Okfuskee MARIAN 1-A 13 12N 8E C NW SW SW Jan-21-2017 Nov-07-2017 10723506 500612724 Noble GRACE 36 31 24N 1W NE SE NW NE Jan-31-2017 Nov-06-2017 10324646 500612113 Noble GRACE 42 31 24N 1W SW NW SE NE Jan-31-2017 Nov-06-2017 10324649 …
Permits to Drill – October 20, 2017 through November 7, 2017
COUNTY Well Name SCTN TWN RNG SPOT Approval Date Scan Date API Document Alfalfa REBECCA 2412 2H-12 D 12 24N 12W SE SW SW SE Nov-07-2017 Nov-07-2017 00323294 500612503 Alfalfa MOSER 2412 1H-05C 5 24N 12W NE NW NW NE Nov-02-2017 Nov-02-2017 00323295 5563048 Beaver PWEF 1 5 3N 22E M NW SE NE …
Hart Energy’s Shale Visionary Inaugural Award Presented to Larry Nichols
Larry Nichols was recently named as the inaugural recipient of Hart Energy’s Shale Visionary Award, according to a press release issued Tuesday. Nichols, who co-founded Oklahoma City-based Devon Energy Corporation with his father in 1971, accepted the award at Hart Energy’s annual Executive Oil Conference held in Midland. “Today, horizontal drilling and hydraulic fracturing are …
WTI and Brent Crude Retreat on Tuesday
Oil prices finished lower Tuesday, retreating from the more than two-year highs they reached a day earlier on the back of a purge of high-level figures in Saudi Arabia, a key crude producer. On the New York Mercantile Exchange, December West Texas Intermediate crude declined by 15 cents, or 0.3%, to settle at $57.20 a barrel. …
Pony Oil Hires Nick Strawn as Chief Legal Officer
Dallas-based Pony Oil, LLC has hired Nicholas Strawn to serve as the company’s chief legal officer, according to a company press release issued Tuesday. Strawn will be responsible for leading the legal team and reviewing all oil and gas transactions. “We are excited for Nick to be joining our team,” said John Paul Merritt, Pony …
Senate Advances Budget Deal With Cigarette, Beer, Fuel and GPT Tax Hike
The Oklahoma Senate passed a bill late Monday afternoon to plug the state’s $215-million budget deficit, according to a news report by Aaron Brilbeck of News9. Senate legislators agreed to set aside partisan politics and advance a measure that would raise the cigarette tax by $1.50 per pack, increase the beer tax and raise the …
Saudi Power Consolidation Looms as WTI, Brent Crude Surge on Monday
Domestic oil futures surged on Monday despite weekend political disruptions in Saudi Arabia where some top officials and royal family members were detained, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude rose $1.71, or 3.1%, to settle at $57.35 a barrel, marking its sharpest daily gain in nearly one …
Baker Hughes Rig Count: U.S. Down by 11, Oklahoma Loses 8 Active Rigs
The latest weekly oil and gas rig count revealed steep declines for Oklahoma and the nation, according to Houston-based Baker Hughes Company. The U.S. rig count dropped by 11 to reach 898. Despite this setback, the nation is up 329 from a year ago when it had 569 working rigs. Oklahoma’s count fell by eight …
WTI Surges Above $55, Brent Crude Reaches $62 a Barrel on Friday
Crude oil futures had another strong end of week rally on Friday, with U.S. and global benchmark prices reaching their highest settlements in more than two years, according to Bloomberg MarketWatch. December West Texas Intermediate crude oil climbed $1.10, or 2%, to settle at $55.64 a barrel on the New York Mercantile Exchange, marking its highest …