Crude oil futures finished lower on Thursday as a possible June rate hike by the U.S. Federal Reserve factored into investor uncertainty, according to Bloomberg MarketWatch. June West Texas Intermediate crude fell 51 cents, or 1.1%, to end trading at $47.68 a barrel on the New York Mercantile Exchange. Earlier in the day, WTI traded …
May 19, 2016 archive
Completion Reports May 20, 2016
CANADIAN COUNTY Citizen Energy Ii Llc Woodford: Oil 79 Gas 1503 Water 1431 Pump 31 11N 6W Sofia 1h-31, January 30, 2016 HH, GAS, TD: 15400 ft Lat: 35.37797, Long: -97.86753 API: 35017248660000
Permits to Drill May 20, 2016
Dewey County MCCORMICK 3-19-20 #1H, May 19 2016 03 19N 20W S2S2SWSE API: 04323461 Lat: 36.145366137114095, Long: -99.31770776772923 TAPSTONE ENERGY LLC HH, DR, 17000 ft, MISSISSIPPIAN(12400) Ellis County ROPER 21-20-24 #1HA, May 19 2016 21 20N 24W SESWSWSW API: 04523608 Lat: 36.18823372166322, Long: -99.77316404408843 FOURPOINT ENERGY LLC HH, DR, 13727 ft, CLEVELAND(8490) Grady County FIREFLY …
SandRidge Uses Bankruptcy to Fight Conspiracy Lawsuit in Duncan
An attorney who filed a class-action lawsuit in southern Oklahoma accusing SandRidge Energy of the same kind of conspiracy allegations leveled in federal lawsuits does not believe the company’s Chapter 11 bankruptcy will affect his suit. Attorney Jim Sill responded after SandRidge attorneys filed a stay for the suit in Stephens county, according to a …
Houston Firm with Western Oklahoma Holdings Experiences $29 million Quarterly Loss
Another Texas-based exploration and production company with deep interests in Oklahoma reports it experienced a net loss of $29 million in the first quarter of the year. EV Energy Partners, L.P. based in Houston says the loss figured to $0.58 per basic and diluted weighted average limited partner unit. The adjusted earnings before taxes …
Record Holiday Travel Predicted by AAA
The American Automobile Association predicts the nation’s Memorial Day travel this year will be the heaviest in eleven years. More than 38 million are expected to travel and that is the second-highest number on record. AAA Oklahoma indicated the high volume of travel is spurred by the lowest gasoline prices in more than a decade. …
Waiting Game for Continental Resources in the Bakken
It’s all about profit when it comes to drilling for oil and natural gas and producing it. Ask any of the energy producers who have gone to Chapter 11 reorganization bankruptcy. It’s also how the big companies continue to exist—making sure there is profit when a well is completed and starts producing. A report …
EPA Wants Increase in Renewable Fuels Standards for 2017
The U.S. Environmental Protection Agency wants to boost renewable fuels standards for 2017, increasing the amount of corn-based ethanol and biofuels that fuel producers will have to mix into diesel and gasoline. Under the standards announced this week, the EPA wants 18.8 billion gallons to be blended into the nation’s fuel supply next year which …
Aeronautics Commission Education Program Deadline May 31
Oklahoma’s Aeronautics Commission is preparing to wrap up its application acceptance for FY 17 Aviation Education Program. Sandra Shelton with the Commission says the deadline for teachers and others to apply is May 31. The funding is part of more than $200,000 provided by the agency in the coming 12 months to programs statewide aimed …
Man Pleads Guilty in 5-State Cooking Oil Theft Ring
It was a southwest Missouri case involving the theft of oil, but not the kind of oil that comes out of the ground. The last of the men arrested in a more than $5 million cooking oil theft ring has pleaded guilty in Joplin, Missouri, admitting he stole used cooking oil from restaurants and sold …
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