Monthly Archive: September 2017

Exxon Mobil Picks Up More Holdings in the Permian Basin

Exxon Mobil added 22,000 acres to its Permian Basin holdings this week through a series of acquisitions and acreage trades.

The new acreage adds to the company’s existing 6 billion barrels of oil equivalent Permian Basin resource base. In February, the company picked up 250,000 acres in the Delaware Basin from companies owned by …

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Murphy Oil Widens Offshore Holdings in Brazil

Murphy Oil Corporation based in El Dorado, Arkansas announced this week it is buying a 20 percent working interest in part of a deep water basin off the shores of Brazil.

Murphy’s wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda will own part of the Sergipe-Alagoas Basin. It …

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Scott Pruitt’s “Cone of Silence” at EPA

EPA Administrator Scott Pruitt’s latest plan to build a $25,000 secure phone booth in his office reminds some of the “cone of silence” on the old TV show “Get Smart.”

The agency under the direction of the former Oklahoma Attorney General signed a $24,570 contract a few months ago to construct a secure, sound-proof …

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Energy Remains Strong in Employment Figures in Oklahoma

New jobless figures show once again that Oklahoma’s energy industry remains a vital part of the economy.

The State Employment Security Commission reports unemployment rates improved over the year for most counties in August. Rates were lower than a year ago in 62 of 77 counties, higher in ten and unchanged in five counties.

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Senators Propose Fairness in FERC Reviews of Transmission Grid

Oklahoma U.S. Sen. Jim Inhofe joined New Mexico’s Sen. Martin Heinrich this week in introducing legislation that they said would ensure all transmission transactions are provided parity in the review process by the Federal Energy Regulatory Commission.

Their Parity Across Reviews Act would also target renewable energy efforts that create challenges to transmission networks.

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Crude Oil Futures Settle Above $52 a Barrel on Wednesday

While West Texas Intermediate crude oil futures settled higher, Brent crude futures slid on Wednesday after U.S. government data revealed an unexpected decline in inventories, according to Bloomberg MarketWatch.

November West Texas Intermediate crude rose 26 cents, or 0.5%, to settle at $52.14 a barrel on the New York Mercantile Exchange.

November Brent crude, the …

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Completion Reports September 28, 2017

 

STEPHENS COUNTY Continental Resources Inc Woodford / Hunton: Oil 546 Gas 4315 Water 2453 Flow 36 1N 5W Cottonwood East 1-25-24xh, March 24, 2017 HH, OIL, TD: 19322 ft Lat: 34.52018, Long: -97.67691 API: 35137274750002

 

 

Permits to Drill September 28, 2017

 

Kingfisher County AUGUSTUS MCCRAE 16-05-07 #1H, August 22 2017 07 16N 5W S2SESESE API: 07325755 Lat: 35.87139969447537, Long: -97.76439776778996 CHISHOLM OIL & GAS OPERATING LLC HH, AM, 12070 ft, MISSISSIPPIAN (EX CHESTER)(6793)

 

Chesapeake Energy Announces $750 million Notes Available

 

Oklahoma City-based Chesapeake Energy announced Wednesday the offering of $750,000,000 in notes due in the coming years.

The private placement to eligible buyers focuses on additional 8% senior notes due 2025 and 8% senior notes due 2027. The company stated that the new 2025 notes will be on top of the $1 billion in 8% …

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Energy Efficient Economy Report Due Thursday

The American Council for an Energy-Efficient Economy plans to release its 2017 State scorecard on Thursday and one of the states to be highlighted will be Oklahoma.

The new scorecard will be released at 10 a.m. and ACEEE indicated there will be shakeups in state rankings with major improvements for Idaho, Nevada, Virginia, Florida …

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