Monthly Archive: May 2017

WTI Plummets Lower on Wednesday, Investors Weary of Global Supply Glut

Crude oil futures plunged sharply on Wednesday as U.S. traders grappled with settlements lower than the $50 a barrel benchmark and worry spread about the remaining glut of global supplies, according to Bloomberg MarketWatch.

July West Texas Intermediate crude dropped $1.34, or 2.7%, to settle at $48.32 a barrel on the New York Mercantile Exchange, …

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Completion Reports June 1, 2017

 

CANADIAN COUNTY Cimarex Energy Co Miss’an (ex Chester): Oil 164 Gas 2617 Water 407 Flow 27 14N 9W Austin Bia 1-27h, March 20, 2017 HH, GAS, TD: 15853 ft Lat: 35.65344, Long: -98.14801 API: 35017249370001

DEWEY COUNTY Tapstone Energy Llc Mississippian(9854): Oil 273 Gas …

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Permits to Drill June 1, 2017

 

Blaine County LUTTRULL #1-30-31XH, May 31 2017 30 15N 12W NWNENWNE API: 01123811 Lat: 35.75354104085681, Long: -98.51386933706375 CONTINENTAL RESOURCES INC HH, DR, 22644 ft, CHESTER(11096), MISSISSIPPIAN SOLID(12191), KINDERHOOK(12962)

Blaine County SAWYER 1-35-26 #1712MHX, May 30 2017 02 16N 12W …

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Paris Pullout is What Pruitt Wanted

A day after EPA chief Scott Pruitt met with President Trump at the White House, reports indicated the administration had pulled the trigger and decided to withdraw from the Paris Climate Agreement.

White House press secretary Sean Spicer confirmed their meeting on Tuesday.

“Ultimately he wants a fair deal for the American people and …

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Corporation Commission Dealing with $500,000 Budget Cut

It’s apparently too soon for the Oklahoma Corporation Commission to determine the impact of the latest cut by the legislature in the 2018 budget.

“Still assessing,” was the email response from Matt Skinner, a spokesman for the agency when asked by OK Energy Today about the impact of the loss of nearly $500,000.

When the …

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EPA Wins Right to Withhold Information in Some FOIA Requests

A Federal Appeals Court in Washington, D.C. has upheld the right of the EPA to withhold data on power plant wastewater discharges.

The ruling by the D.C. Circuit came in a challenge by the Environmental Integrity Project, the Sierra Club and Earthjustice. They claimed they were entitled to the data under a provision of …

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$1.1 million Fracking Fine in Pennsylvania

The State of Pennsylvania has fined a company $1.1 million in what one headline claimed was a “fracking fine.”

The State’s Environmental Hearing Board fined EQT Drilling $1,137,295.76 for the pollution caused after a leak from a 6-million gallon wastewater impoundment five years ago in Duncan Township of Tioga county.

It’s not quite the …

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OKC’s Continental Resources Scores Big Again in SCOOP

Oklahoma’s SCOOP continues being a sweet spot for Oklahoma City-based Continental Resources as the company hit yet another 1,000-barrel-a-day-plus well in Grady County.

Completion reports shown by OK Energy Today reveal the Cash well located at 26 7N 6W or about 6 miles east of Chickasha is producing 1,417 barrels of oil equivalent a …

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AAA Oklahoma: Gas Prices Swing By Wide Margin in State

Oklahoma continues to have some of the cheapest gasoline in the U.S., up a penny since May 30, 2016, as the statewide average stands at $2.12 per gallon, according to the latest report from AAA Oklahoma.

“Oil markets remain lukewarm after last Thursday’s meeting with OPEC and non-OPEC producers regarding an extension of production …

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Brent Crude Falls, WTI Settles Below $50 a Barrel on Tuesday

U.S. oil prices settled below the $50 a barrel benchmark on Tuesday after paring deeper losses while traders awaited governmental data to confirm a further decline in crude supplies, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude fell 14 cents, or 0.3%, to settle at $49.66 a barrel.

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