Monthly Archive: September 2017

National Defense Act Includes Energy Focus and Projects in Oklahoma

Oklahoma Senators Jim Inhofe and James Lankford voted this week in support of advancing the National Defense Authorization Act, a measure that includes several aspects of energy.

“The National Defense Authorization Act is the most important bill we consider each year and upholds our constitutional responsibility of providing for the common defense,” said Sen. …

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Lower Oil Growth Forecast by Government

The U.S. Energy Information Administration is out with a new projection of crude oil output from shale oil and gas-producing regions, expecting growth by 79,000 barrels a day for October. The EIA said it’s the first time in seven months that its growth forecast was below 100,000 barrels a day.

Total production for October …

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Bridenstine Offers Views About Being NASA’s New Administrator

Oklahoma Congressman Jim Bridenstine is revealing more of his thoughts and views of how he would like to run NASA if he is confirmed as its new Administrator.

He recently completed a questionnaire submitted to the Senate Commerce, Science and Transportation Committee as it prepared to hold a confirmation hearing for the Tulsa Representative. …

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Hurricane Harvey Tried But Didn’t Stop Determined Energy Lawyers in Houston

While Hurricane Harvey battered Houston last month and this month, attorneys hunkered down in a downtown office building putting the finishing touches to a $1.4 billion sale of oil and gas assets in North Dakota’s Williston Basin.

As the Texas Lawyer reported, the attorneys were from two firms attempting to wrap up the …

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Chesapeake Energy’s Stock Has Strong Showing

Trading in Oklahoma City’s Chesapeake Energy captured the eye of one national firm that focuses on the financial markets.

Market Realist noted Chesapeake Energy was the S and P 500’s top gainer for Sept. 14 as its stock prices rose 4.1%. Trading of its stock finished the day at $4.1, the highest close in …

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Devon Back to Pre-Harvey Levels in Eagle Ford

Oklahoma City-based Devon Energy is one of those firms reporting its Eagle Ford shale operations in South Texas are back to levels before Hurricane Harvey hit the region.

Devon Energy reported its production is at pre-storm levels in the play which was 63,000 boe/day in the second quarter. The total included 36,000 b/d of …

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Federal Reserve Bank Conference to Feature Corporation Commissioner and Energy Executives in Oklahoma

Oklahoma Corporation Commission Chairwoman Dana Murphy will be part of a panel at a joint conference this week of the Federal Reserve Bank of Dallas and the Federal Reserve Bank of Kansas City.

The conference will be held Friday at Oklahoma City’s Petroleum club and the commissioner will be part of a 1:30 p.m. …

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Lawsuit Over Oil Tank “Thief Hatch” Death Goes to Trial in Oklahoma Federal Court

A lawsuit filed over the 2014 death of an oilfield worker near Ardmore went to trial this week in Oklahoma City federal court.

It was March 20, 2014 when David C. Simpson, 57 died as he was checking the levels in an oil tank battery owned and operated by Exxon Mobil Corporation and XTO Energy …

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Natural Gas Jumps as WTI Inches Closer to $50 on Monday

Domestic crude oil prices settled flat but slightly higher on Monday after posting a 5% gain last week, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, October West Texas Intermediate crude tacked on 2 cents, or less than 0.5%, to settle at $49.91 a barrel. The October contract expires at Wednesday’s settlement.

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Completion Reports September 19, 2017


CARTER COUNTY Xto Energy Inc Hewitt: Oil 28 Water 163 Pump 22 4S 2W Hewitt Unit (Hewitt Unit 2304) 22-3004, August 14, 2017 SH, OIL, TD: 2805 ft Lat: 34.19568, Long: -97.39371 API: 35019230180002

DEWEY COUNTY Continental Resources Inc Woodford / Mississippian(less Chester): Oil 70 Gas 4393 Water 2596 Flow

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