Monthly Archive: May 2017

Crude Oil Futures Rebound from Thursday’s OPEC Announcement

Crude oil futures rebounded on Friday — making up ground for a near 5% loss from Thursday — as investors reconciled their disappointment in OPEC’s less aggressive production cut, according to Bloomberg MarketWatch.

July West Texas Intermediate crude added 90 cents, or 1.8%, to settle at $49.80 a barrel on the New York Mercantile Exchange. …

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Completion Reports May 29, 2017

 

BLAINE COUNTY Chesapeake Operating Llc Mississippi Solid(8833): Oil 340 Gas 2688 Water 1154 Flow 3 17N 10W Columbus 34&27-18-10 1h, March 26, 2017 HH, OIL, TD: 19315 ft Lat: 35.98495, Long: -98.24769 API: 35011237190000

DEWEY COUNTY Iochem Corporation 11 …

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Permits to Drill May 29, 2017

 

Carter County CAROL #1-15, May 26 2017 15 3S 2E SWNWSESW API: 01926275 Lat: 34.2910531773876, Long: -97.08524647124175 HERITAGE EXPLORATION LLC SH, DR, 3200 ft, SURF-DEESE(1), DEESE(1180)

Coal County MCENTIRE #4-35/2H, March 29 2016 35 2N 11E NWNENWNE API:

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Oil and Gas Industry Feels Breaking of State Promises Just Like Wind Industry

The wrap-up of the 2017 session of the Oklahoma legislature resulted in a bitter response from some oil and gas groups who complained that for the third consecutive year, the oil and gas industry will see tax increases.

“The oil and natural gas industry is the single largest tax contributor to the state budget, …

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Rig Counts Grew Again in Past Week

The oil and gas rig counts in Oklahoma and across the nation increased again in the past week with a nationwide count growing by 7 to reach 908.  Oklahoma’s count increased by one to reach 123 working oil and gas rigs.

Figures from Baker Hughes Company of Houston, Texas and the Red Top Rig …

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Kansas Oil and Gas Company Admits to Fraud Scheme

Sonstone Trading LLC of Pratt, Kansas pleaded guilty this week to an oil and gas fraud scheme.

Wichita U.S. Attorney Tom Beall said Sonstone Trading LLC pleaded guilty of one count of wire fraud. As part of the plea deal, charges against Sonstone executive David Lawson were dropped by the prosecution.

Also as part …

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Gross Production Tax Remained Focus in Final House Budget Bill Debate

Even as the Oklahoma House debated and questioned the merits of a $6.8 billion budget bill hours before the sine die adjournment required on Friday, the nagging issue of gross production tax on oil and gas was brought up by Democrats.

Mustang Rep. Leslie Osborn presented SB 860, the budget bill and for nearly …

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Continental Reports 2,100 Barrel a Day Oil Well near Watonga

While billionaire Harold Hamm and his Oklahoma City-based Continental Resources have been bashed by Democratic lawmakers in a fight over gross production taxes, his company has revealed the discovery of a STACK well with production of more than 2,100 barrels of oil a day.

A completion report, as shown by OK Energy Today indicated …

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Anadarko Shuts Down Well That Caused Deadly Home Explosion in Colorado

The company said it is also closing two others in the subdivision.

“We are confident these wells would be safe to bring back on production at a future date,” said Craig Walters, the company’s vice president for Rockies operations. “However, we recognize the special circumstances and sensitivity around this particular equipment, and therefore, made the …

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Methane Emissions Fight Developing Between Pruitt and Environmental Coalition

More than 60 environmental groups want EPA Administrator Scott Pruitt to maintain approaching deadlines for oil and gas operators to cut their emissions of methane.

Representing conservation, health, labor and even faith groups, they sent a letter this week to Pruitt. They’re asking he keep in place the Obama-era standards requiring oil and …

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