Oil futures finished lower Thursday, pulling back after posting healthy gains over the past two sessions and reaching their highest levels of the year, according to Bloomberg MarketWatch. Traders weighed mixed fundamental influences for the market, with support from separate data showing China’s oil imports jumped last month and U.S. crude production fell last week, …
April 21, 2016 archive
NGL Energy Partners LP Announces Investment & Declares Quarterly Cash Dividend
Tulsa-based NGL Energy Partners LP announced on Wednesday several strategic actions along with updated guidance, according to a company press release. The company disclosed a $200 million private placement of 10.75% Class A Convertible Preferred Units and formation of a strategic relationship with funds managed by Oaktree Capital Management L.P. “I believe this is a very positive …
Completion Reports April 22, 2016
BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian(10398): Oil 1018 Gas 1561 Water 250 Flow 32 16N 10W Dorothy 1h-32, December 05, 2015 HH, OIL, TD: 15310 ft Lat: 35.81433, Long: -98.27989 API: 35011235330000 CARTER COUNTY Continental Resources Inc Mississippian(10558): Oil 555 Gas 1548 Water 589 Gas Lift 31 2S 3W Wynell 1-31-6xh, May 20, …
Permits to Drill April 22, 2016
Canadian County MOELLER 1408 #1-21MH, March 23 2016 21 14N 8W SENWNENE API: 01724893 Lat: 35.68077457002399, Long: -98.05085393718916 PAYROCK ENERGY LLC HH, AM, 15120 ft, MISSISSIPPIAN(7733) Canadian County MOELLER 1408 #1-16MH, March 23 2016 21 14N 8W SENWNENE API: 01724892 Lat: 35.68077457171652, Long: -98.05077649600968 PAYROCK ENERGY LLC HH, AM, 15091 ft, MISSISSIPPIAN(7728) Kingfisher County CLEAR …
Deadly PetroChemical Plant Explosion in Southern Mexico
Confusion grows on reports of how many have died in the explosion of a petrochemical plant on the southern coast of the Gulf of Mexico. One report said at least three persons died while another said up to 13 people were killed in the blast that was felt up to six miles away Wednesday. Luis …
Study Finds Great Plains Wind Farms Low Risk to Sandhill Cranes
A new study published by the U.S. Geological Survey finds that sandhill Cranes flying over the Great Plains are not at serious risk from the many wind turbines in the region. It said the current placement of the towers in central and southern Great Plains, a region that includes Oklahoma, Kansas and Texas “may have …
Two New Energy Bills Signed into Law by Governor Fallin
Two more energy-related bills were signed into law this week by Oklahoma Governor Mary Fallin, one concerning wastewater from oil and natural gas wells and the other regarding gross production taxes on those wells. Senate bill 1122, by Senators A.J. Griffin and Eddie Fields and Rep. Kevin Calvey is an act requiring state agencies to …
Drought Eased in Western Oklahoma—-Severe Weather in Next Week’s Forecast
Rainfall this week cut areas of drought in Oklahoma according to the Thursday report of the Oklahoma Mesonet. “We went from 32 percent of the state in drought to 10 percent,” said Gary McManus, State Climatologist. “That seems about right. The only increases were in western Roger Mills and Ellis counties and also over in …
Latest Energy Bankruptcy Involves Solar Giant SunEdison
One of the nation’s latest energy firms to end up in Chapter 11 bankruptcy is SunEdison, considered a solar energy giant in the U.S. The Missouri based company had been dealing with financial problems in the past year and earlier this month admitted it had a $12 billion debt. But in the bankruptcy filing, SunEdison …
144 US House Members Want Answers from EPA Director Over Illegal Funding of Activists
Four Oklahomans in the U.S. House joined 140 other House members this week in sending a letter to EPA Administrator Gina McCarthy demanding answers about the EPA’s funding of a website and advocacy campaign to influence Washington State voters for more regulation of farmers and ranchers. Representatives Jim Bridenstine, Tom Cole, Frank Lucas and Markwayne …
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