October 5, 2016 archive

Drop In Crude Oil Inventories Generates Increase in WTI and Brent Settlements for Wednesday

Oil futures finish higher on Wednesday after U.S. government data revealed an unanticipated drop in crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November WTI crude rose $1.14, or 2.3%, to settle at $49.83 a barrel. On the London ICE Futures Exchange, November Brent crude, the global benchmark, added 99 cents, …

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Completion Reports October 6, 2016

GRADY COUNTY Vitruvian Ii Woodford Llc Woodford(15615): Oil 145 Gas 5015 Water 3852 Flow 21 5N 6W Ernesteen 1-21x28h, October 19, 2015 HH, GAS, TD: 24433 ft Lat: 34.89412, Long: -97.83451 API: 35051239300002 Vitruvian Ii Woodford Llc Woodford(15615): Oil 158.75 Gas 5389 Water 2672 Flow 21 5N 6W Ernesteen 2-21x28h, October 19, 2015 HH, GAS, …

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Permits to Drill October 6, 2016

Blaine County REAGAN #1-16-21XH, October 05 2016 16 14N 13W SWNENWNE API: 01123667 Lat: 35.69493344777245, Long: -98.58489150496295 CONTINENTAL RESOURCES INC HH, DR, 23964 ft, WOODFORD(13765) Blaine County VERONA #5-23-14XH, September 22 2016 26 16N 10W SENENENW API: 01123655 Lat: 35.840119094160585, Long: -98.23473854506531 CONTINENTAL RESOURCES INC HH, AM, 20458 ft, MISSISSIPPIAN(10084) Blaine County MILKY WAY #20-1H, …

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Trump Meets with Colorado Oil and Gas Leaders

Republican presidential hopeful Donald Trump huddled this week in Denver with more than a dozen oil and gas executives, attempting to tighten his influence on the industry in a state where he reportedly trails Hillary Clinton by 11 points in one poll. Oklahoma Energy leader Harold Hamm is one of those executives who is unashamed …

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GE Formally Opens $125 Million Oil and Gas Research Center in OKC

General Electric’s new $125 million oil and natural gas technology center is formally being opened this week in downtown Oklahoma City. The opening comes three years after GE announced it would build the center and broke ground.  GE executives joined Oklahoma officials in commemorating the huge center, the first GE research center to focus on …

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Enel Green Power Reaches 1 Gigawatt of Wind Capacity in Oklahoma

Enel Green Power North America says it now is producing 1 gigawatt of wind capacity in Oklahoma, and will mark the completion of its seventh and eighth wind projects by the end of the year. Enel has operated wind farms in Oklahoma since 2012 and started with the MW Rocky Ridge wind farm, according to …

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Continental Resources Redeeming $600 million in Senior Notes

Oklahoma City-based Continental Resources Inc. has announced it is redeeming nearly $600 million in outstanding Senior notes and at the same time expects to reduce its debt to $6.6 billion. The company said it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 and 7 1/8% Senior Notes due 2021 on Nov. …

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Tulsa Energy Company Reports Big Wells near Tuttle

Tulsa-based Citizen Energy has had some success in Grady and Canadian counties, hitting at least two wells that produced more than 1,100 barrels of oil equivalent a day. They were not eye-popping producers like some of the 2,000-barrel-a-day-plus wells reported in some parts of the STACK but are still sizeable producers. One well, the Rosemary …

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SandRidge Emerges From Bankruptcy With $525 Million Liquidity as $3.7 Billion Debt Eliminated

Oklahoma City-based SandRidge Energy, Inc. announced Tuesday it has emerged from Chapter 11 bankruptcy proceedings after satisfying all of the necessary requirements under its court-approved reorganization plan. The oil and natural gas producer exited bankruptcy with approximately $525 million in total liquidity by combining its unrestricted cash balance with the availability under its first lien credit …

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