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EPA’s Pruitt Recuses Himself From Oklahoma Lawsuits Filed Against Federal Agency
Scott Pruitt is recusing himself from lawsuits that he filed against the U.S. Environmental Protection Agency while he served as Oklahoma’s Attorney General, according to a report by CNN. His voluntary decision applies to two significant legal challenges – the Clean Power Plan and a Waters of the United States rule. “To demonstrate my profound …
Fallin Signs House Bill 1123 to Deter Unruly Protests on Critical Property
Legislation prohibiting public protests on sites with critical infrastructure was signed into law by Governor Mary Fallin last week. The bill, authored by Rep. Scott Biggs of Chickasha, was advanced as a preventative measure to impede disruptive protests. Under House Bill 1123, anyone trespassing on critical property would be charged with a misdemeanor, resulting in …
Baker Hughes Rig Count: Texas Adds 6, Oklahoma Loses 7 Rigs
Baker Hughes company reported 7 new rigs were added in the U.S. last week, raising the total rig count to 877, according to data released by Houston’s Baker Hughes Company. Compared with last year’s figures, the U.S. rig count has increased by 462. Only two states have triple digit active rig counts, with one showing …
WTI and Brent Crude Rebound From Thursday’s Losses
Crude oil futures rebounded on Friday after Thursday’s big drop, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude rose 70 cents, or 1.5%, to settle at $46.22 a barrel. For the week, prices were nearly 6.3% lower after losing 4.8% on Thursday. On the London ICE Futures Exchange, July …
Permian Resources Announces Restructuring Deal, New Company Name
A company with ties to the late Aubrey McClendon has reached an equity restructuring deal worth more than $1 billion, according to a report by The Oklahoman. Permian Resources LLC announced that OnyxPoint Global Management LP will forgive $325 million in debt in exchange for a stake in the company, which will be renamed Sable …
Completion Reports May 8, 2017
PAYNE COUNTY White Star Petroleum Llc Red Fork(3279): Oil 28 Gas 32 Water 353 Pump 31 18N 4E Hartley 31-1rc, February 24, 2017 HH, OIL, TD: 8638 ft Lat: 35.98628, Long: -96.92267 API: 35119240740002 TILLMAN COUNTY Tri-c Resources Llc 7 3S 17W Gause Trust 1, April 18, 2017 SH, DRY, TD: 5500 ft Lat: …
Permits to Drill May 8, 2017
Alfalfa County REBECCA 2412 #1H-13 A, May 05 2017 12 24N 12W S2S2SWSE API: 00323277 Lat: 36.565117285289254, Long: -98.43315336756498 MIDSTATES PETROLEUM COMPANY LLC HH, DR, 11200 ft, MISSISSIPPIAN(6397) Alfalfa County REBECCA 2412 #1H-12 B, May 05 2017 12 24N 12W SESWSWSE API: 00323276 Lat: 36.56511728239024, Long: -98.4332044423191 MIDSTATES PETROLEUM COMPANY LLC HH, DR, 11200 …
Crude Oil Futures Sink on Thursday as U.S. Output Rises, Libyan Recovery Looms
Oil prices plunged by nearly 5% on Thursday, with rising domestic output sending prices back to levels unseen since the initiation of OPEC’s output deal in November and a potential recovery in Libyan crude production, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude fell $2.30, or 4.8%, to settle …
Completion Reports May 5, 2017
DEWEY COUNTY Jma Energy Company Llc Cleveland: Oil 82 Gas 165 Water 2513 Flow 3 17N 19W 4gh 1-3h, April 10, 2017 HH, OIL, TD: 13560 ft Lat: 35.97159, Long: -99.20820 API: 35043234870000 KINGFISHER COUNTY Oklahoma Energy Acquisitions Lp Mississippian (ex Chester): Oil 430 Water 1467 Gas Lift 1 15N 6W White King 1506 …
Permits to Drill May 5, 2017
Blaine County REDMAN BIA #1-28H, May 04 2017 28 15N 11W SWSESWSW API: 01123796 Lat: 35.74039124735792, Long: -98.38154338717989 MARATHON OIL COMPANY HH, DR, 17212 ft, MISSISSIPPIAN(10470) Coal County STELLA TUCKER #2-22/27H, May 04 2017 15 1N 10E SWNWSESW API: 02921336 Lat: 34.551532043721835, Long: -96.24434197221576 BRAVO ARKOMA LLC HH, DR, 18739 ft, WOODFORD(7967) Coal County …