May 17, 2016 archive

Crude Futures Reach New High on Tuesday as Inventories Fade

Oil futures thrust closer to $50 a barrel on Tuesday, reaching their highest  settlement since early October after receiving confirmation that crude inventories were rapidly depleting, according to Bloomberg MarketWatch. June West Texas Intermediate crude ended at $48.31 a barrel on the New York Mercantile Exchange after posting a gain of 59 cents, or 1.2%. …

Continue reading »

Completion Reports May 18, 2016

ALFALFA COUNTY Chesapeake Operating Llc 8 27N 11W Jasmine 8-27-11 1h, May 03, 2016 HH, TA, TD: 9101 ft Lat: 36.84017, Long: -98.40876 API: 35003231890000 BLAINE COUNTY Cimarex Energy Co Mississippian: Oil 422.5 Gas 3024 Water 324 Flow 31 16N 12W Mccrary 1h-3130x, April 01, 2016 HH, OIL, TD: 20730 ft Lat: 35.81399, Long: -98.51621 …

Continue reading »

Permits to Drill May 18, 2016

Alfalfa County FRANK #1-28, May 17 2016 28 27N 9W CSESESE API: 00322817 Lat: 36.783305718200864, Long: -98.16533884759968 D & J OIL COMPANY INC SH, RC, 6173 ft, MISSISSIPPIAN(5318) Blaine County BERNHARDT #4-13H, May 17 2016 24 16N 11W SENENWNE API: 01123606 Lat: 35.85406375121168, Long: -98.31856660929543 CONTINENTAL RESOURCES INC HH, DR, 14935 ft, MISSISSIPPIAN(10165) Blaine County …

Continue reading »

BIA Argues Osage Co. Oil Producers Lawsuit Cannot be Heard Until Administrative Steps Are Finished

    Tulsa U.S. District Judge Gregory K. Frizzell now must decide whether to allow oil and gas producers in Osage County proceed with their lawsuit against the Bureau of Indian Affairs or dismiss the suit filed in 2015. Both sides, the Osage Producers Association that sued the Bureau of Indian Affairs and the BIA …

Continue reading »

$1 billion Wind Farm Proposed for Eastern Colorado

    A $1 billion wind farm is being proposed for northeast Colorado by the state’s largest electric utility. Xcel Energy has filed documents with the Public Utilities Commission to build the Rush Creek Wind Project over 90,000 acres in Arapahoe, Cheyenne, Elbert, Kit Carson and Lincoln counties. Once completed the 300-turbine farm would generate …

Continue reading »

Indian Tribe Loses Fight to Block Offshore Wind Farm

A federal judge in Rhode Island has ruled against the Narragansett Indian Tribe in its fight to block construction of the nation’s first offshore wind farm. The tribe had sought a temporary restraining order against installation of a transmission cable, contending Indian artifacts had been discovered and improperly removed during the digging of a trench. …

Continue reading »

Texas Attorney General Fights Back Against Attacks on Exxon Mobil

  While Oklahoma Attorney General Scott Pruitt’s attacking Democratic Attorneys General for targeting energy firms, the Attorney General in Texas has gone to court asking a judge to block U.S. Virgin Islands officials from subpoenaing 40 years of internal climate change documents from Exxon Mobil Corp. Ken Paxton calls it “a fishing expedition of the …

Continue reading »

More Energy Firms Prepare for Bankruptcy

This week’s Chapter 11 bankruptcy filing by Oklahoma City-based SandRidge energy brought the number of energy producers in bankruptcy to 77 since the beginning of 2015, according to Haynes and Boone, the bankruptcy law firm based in Texas. It also raised the total of secured and unsecured liabilities and debt in the cases to nearly …

Continue reading »

Pruitt Says Democratic AGs and Left are Trying to Criminalize Free Speech

The 16 Democratic Attorneys General who plan to use their subpoena power to target oil companies and utilities in a fight over global warming have run into a buzz saw with Oklahoma Attorney General Scott Pruitt, a man who calls a spade a spade. “This is all about trying to take the courts and the …

Continue reading »