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WTI and Brent Crude Advance Wednesday on News of Drop in U.S. Crude Supplies
Oil prices finished at their highest level in nearly two months, buoyed by government data revealing a fourth straight week of domestic crude inventory declines, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose 86 cents, or 1.8%, to settle at $48.75 a barrel. September Brent crude, the …
PSO Partners With Sister Company on Wind Catcher Project in Guymon
Tulsa-based Public Service Company of Oklahoma announced Wednesday that it will partner with Southwestern Electric Power Co. on the new Wind Catcher Energy Connection project in far northwest Oklahoma, according to a company press release. If approved by the Oklahoma Corporation Commission, the project may provide nearly 40 percent of power from wind for PSO …
ONEOK Declares 21% Quarterly Dividend
Tulsa-based ONEOK, Inc. increased the energy midstream service provider’s quarterly dividend by 13 cents per share, or 21 percent, to 74.5 cents per share, resulting in an annualized dividend of $2.98 per share, according to a company press release issued on Wednesday. The dividend is payable on August 14, 2017, to shareholders of record at the close of business on August …
OSU Shotgun Range Possible With Inhofe Amendment to HELP for Wildlife Act
Oklahoma’s senior statesman, U.S. Senator Jim Inhofe, is co-sponsoring S. 1514, the Hunting Heritage and Environmental Legacy Preservation (HELP) for Wildlife Act. Introduced on June 29, 2017 by Senator John Barrasso (R-Wyoming), the bipartisan bill reauthorizes and establishes several government wildlife conservation programs and provides regulatory clarity for sportsmen. Inhofe’s amendment allows land-grant universities like …
Tallgrass Energy Boosts Bottom Line With $350 Million in Strategic Acquisitions Since May
Kansas-based Tallgrass Energy Partners, LP has completed nearly $350 million in strategic acquisitions by its terminals and water services businesses since May 2, according to a company press release issued on Wednesday. “Today’s announcements clearly demonstrate TEP’s expansive footprint and ability to grow through strategic and accretive acquisitions as well as through organic commercial development,” …
Completion Reports July 27, 2017
BLAINE COUNTY Marathon Oil Company Mississippian(9850): Oil 1317 Gas 2383 Water 2002 Flow 2 16N 11W Strack 1-2-11xh, February 09, 2017 HH, OIL, TD: 20066 ft Lat: 35.89782, Long: -98.33101 API: 35011236340000 GRADY COUNTY Spring Operating Company Noble-olson: Water 20 Swab 2 3N 8W Rett 1-2, May 15, 2017 SH, DRY, TD: 3750 ft Lat: 34.76462, Long: -98.00307 API: 35051241160000 KINGFISHER COUNTY Chesapeake Operating …
Permits to Drill July 27, 2017
Alfalfa County LOIS 2412 #1H-01 C, July 26 2017 01 24N 12W N2N2NWNW API: 00323282 Lat: 36.593481372968114, Long: -98.4421246886338 MIDSTATES PETROLEUM CO LLC HH, DR, 11200 ft, MISSISSIPPIAN(6320) Beaver County CHALOUPEK #1-1, July 26 2017 01 3N 23E CNW API: 00724675 Lat: 36.75761870003224, Long: -100.5374045162355 ANGEL EXPLORATION LLC SH, RC, 7808 ft, OSWEGO(5998) Blaine County ADMIRAL …
Brent Crude Charges Past $50 a Barrel as Oil Futures Rally on Tuesday
Oil prices surged on Tuesday as government data continued to suggest another drop in crude inventories following Saudi Arabia and Nigeria’s pledge to OPEC limiting output, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rallied by $1.55, or 3.3%, to settle at $47.89 a barrel. On the London ICE …
OKOGA Hosts Successful STACK Swine Show For Oklahoma Ag Community
The Oklahoma Oil & Gas Association debuted its first STACK Summer Classic pig show at the Kingfisher County Fairgrounds on Saturday, hosting 275 statewide entries by more than 100 youth participants. “The STACK Summer Classic was an excellent evening of celebrating Oklahoma’s youth and their hard work on their livestock projects,” said Bray Haven, OKOGA field …
Permits to Drill July 26, 2017
Canadian County WILDS 1207 #1-1MH, July 25 2017 01 12N 7W NWSWSWSW API: 01725048 Lat: 35.53831468610846, Long: -97.90086034943671 MARATHON OIL COMPANY HH, DR, 14287 ft, MISSISSIPPIAN (EX CHESTER)(8690) Ellis County SOUTH ARNETT 1-28 SWD #1, May 08 2017 28 18N 24W SESESENE API: 04523654 Lat: 36.00682909474381, Long: -99.75678224534326 SUPER HEATERS LLC SH, AM, 6300 ft, BROWN …