Monthly Archive: July 2016

WTI, Brent Post Settlement Increases on Friday

U.S. oil futures settled higher on Friday as investors remained concerned about oil inventories, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, September West Texas Intermediate crude added 46 cents, or 1.1%, to settle at $41.60 a barrel. For the week, prices were down 5.9% and saw a monthly loss of …

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Quarterly Results Coming from Blueknight Energy

Oklahoma City-based Blueknight Energy Partners L.P. will release its second quarter 2016 financial results Tuesday, August 2, 2016. The release will come after the close of markets on Tuesday then the Partnership will discuss the results during a Wednesday conference call at 1:30 p.m. CDT.

Blueknight Energy owns and operates midstream energy assets …

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Slight Improvement Seen in Oklahoma and U.S. Rig Counts

Oil and gas rig counts in Oklahoma and the U.S. moved upward slightly in the past week with the state’s count growing by one to 60 and the nation adding one to hit 463, according to figures from Baker Hughes Co. of Houston, Texas.

Oklahoma’s count of 60 compares to 107 a year ago.  Nationally, …

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Completion Reports August 1, 2016

PITTSBURG COUNTY Brg Petroleum Llc Savanna(1250): Gas 40 Flow 36 9N 17E Janeway A 1, May 14, 2016 SH, GAS, TD: 6116 ft Lat: 35.20623, Long: -95.46400 API: 35121205880001

 

Permits to Drill August 1, 2016

Grady County GENE CARROLL #1H-7, July 29 2016 17 9N 6W SWNENWNW API: 05124054 Lat: 35.26077782617376, Long: -97.86279099777053 CITIZEN ENERGY II LLC HH, DR, 16700 ft, WOODFORD(11200)

Haskell County SOUTHARD #1-21, July 28 2016 21 7N 19E NENWSENE API:

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SandRidge Trust Announces Quarterly Distribution

The SandRidge Mississippian Trust I headquartered in Austin, Texas announced a quarterly distribution for the three-month period ended June 30 of $1.2\ million or $0.0412 per unit.

The official distribution is expected to happen on or before August 26 to holders of record.

The trust indicated total sales volumes were slightly lower than …

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Oklahoma Predicted to Overtake California for Wind Energy Production

With six different wind farm projects underway across the state, Oklahoma remains a strong number four when it comes to states with installed wind power projects. But Oklahoma is expected to overtake California in the coming year.

The projects underway, once finished will add more than 1,100 megawatts to the production of wind …

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Corps of Engineers Cited For Making No Progress on Levee Safety Program

The Army Corps of Engineers and FEMA are under criticism from the U.S. Government Accountability Office for making little progress on a levee-safety program mandated two years ago by Congress, according to a report filed with a Committee chaired by Oklahoma U.S. Sen. Jim Inhofe.

The report to his Senate Environment and …

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Ethanol Production in US Drops from Record Numbers

Ethanol production in the U.S. dropped last week from the previous week’s historic high.

Figures from the U.S. Energy Information Agency indicated production dropped 31,000 barrels a day, resulting in an average daily production of 998,000 barrels or 41.92 million gallons a day.

Ethanol production had exceeded a million barrels a day in …

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Sabine Emerging from Messy Bankruptcy

Houston, Texas-based Sabine Oil and Gas Corp. has won approval of a Manhattan judge for its financial reorganization, clearing the way for the producer to come out of Chapter 11.

The independent company filed more than a year ago and had been fighting creditors ever since. But U.S. Bankruptcy Judge Shelley chapman recently …

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