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OKOGA Study Favors Long Lateral Horizontal Rigs Over Vertical Wells
A new study commissioned by the Oklahoma Oil and Gas Association found each active long lateral horizontal drilling rig running in Oklahoma at full capacity generates an average of $195.6 million in direct and indirect economic benefits over the course of a year, according to a press release issued by the OKOGA on Monday. Dr. …
Wind Coalition Groups Trade Competing Ads Over Tax Credits, Impact on Revenue
Although legislation was signed last month by Governor Mary Fallin to end the zero-emissions tax credit on July 1, wind energy advocates are not signaling defeat. Instead, one group is gearing up for an all-out war that will play out through the local media, according to a report by The Oklahoman. Following a spate of …
WTI, Brent Crude and Natural Gas Settlements Collapse on Monday
Oil prices settled at their lowest finish in nearly five weeks on Monday as traders remained uncertain that OPEC’s production curb would offset rising domestic crude output, according to Bloomberg MarketWatch. June West Texas Intermediate crude fell 49 cents, or 1%, to settle at $48.84 a barrel on the New York Mercantile Exchange. WTI prices lost …
Completion Reports May 2, 2017
BLAINE COUNTY Cimarex Energy Co Mississippi Solid(10200): Oil 931 Gas 4119 Water 1374 Flow 26 16N 12W Mitchell 1-26h, February 13, 2017 HH, OIL, TD: 15858 ft Lat: 35.82717, Long: -98.44283 API: 35011236620001 Cimarex Energy Co Mississippian: Oil 512 Gas 886 Water 900 Flow 13 16N 12W Sewell 1h-1312x, April 01, 2017 HH, OIL, …
Permits to Drill May 2, 2017
Blaine County R. MOORE #1-24H, April 28 2017 24 16N 12W NENWNWNW API: 01123792 Lat: 35.854929408139505, Long: -98.43556902214117 CONTINENTAL RESOURCES INC HH, DR, 15835 ft, MISS’AN (EX CHESTER)(10730) Blaine County SLO-POKE SWD #1, April 07 2017 33 18N 12W CSESESE API: 01123776 Lat: 35.98608469576474, Long: -98.47740667733184 CARRERA ENERGY LLC SH, AM, 7500 ft, VIRGILIAN(4850), …
Crude Oil Settlements Post Gains on Friday, Losses for the Month
Oil prices ended higher on Friday despite lower monthly settlements, according to Bloomberg MarketWatch. June West Texas Intermediate crude added 36 cents, or 0.7%, to close at $49.33 a barrel on the New York Mercantile Exchange. Based on the front-month May contract finish at the end of March, prices have lost about 2.5% in April. The …
Completion Reports May 1, 2017
CANADIAN COUNTY Newfield Exploration Mid-con Inc Mississippian(9369): Oil 412.9 Gas 2105 Water 334 Flow 11 14N 8W Marti 1h-11, February 20, 2017 HH, OIL, TD: 14544 ft Lat: 35.69726, Long: -98.02959 API: 35017249640000 KINGFISHER COUNTY Devon Energy Production Co Lp Miss’an (ex Chester)(9448): Oil 1355 Gas 6450 Water 945 Flow 32 16N 9W Pumphouse …
Permits to Drill May 1, 2017
Blaine County BIG JOE 9-15N-13W #1H, April 14 2017 09 15N 13W SWSESWSE API: 01123781 Lat: 35.78386749236279, Long: -98.58497975947404 PALOMA OPERATING CO INC SH, AM, 13300 ft, MISSISSIPPIAN(11993), WOODFORD(13300) Blaine County HOILE #1H-25X, April 28 2017 36 16N 11W SWSWSESE API: 01123791 Lat: 35.812766575226966, Long: -98.31694645379159 NEWFIELD EXPLORATION MID-CON INC HH, DR, 21563 ft, …
Pruitt Won’t Provide Keynote Address at OK Republican Party Gala
Environmental Protection Agency Administrator Scott Pruitt has backed out of a keynote speaking engagement at the Oklahoma Republican Party Gala, according to a report by News9.com. The former Oklahoma Attorney General confirmed his decision to withdraw from the event during a radio talk show on Thursday morning. The OKGOP affair is set for May 5 …
Task Force Releases Report on Wastewater Disposal Alternatives
An Oklahoma water task force recently released a report offering alternatives for wastewater disposal from oil and gas operations in the state, according to a press release issued by the Oklahoma Water Resources Board on Wednesday. The 17-member Oklahoma’s Water for 2060 Produced Water Working Group – formed by Governor Mary Fallin in 2015 – …