Point Roberts, WA. - August 17, 2011 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, issues a trading snapshot on Oklahoma, Mississippian Formation oil and gas stocks for August 17th.
Semgroup (NYSE: SEMG) shares jumped 14% on the 15 th on strong Second Quarter results.
The Company reported, "SemGas reported operating income of $3.0 million for the second quarter of 2011, $2.2 million higher than the same period last year as new wells in the Mississippian Oil Trend in northern Oklahoma significantly increased utilization rates. ”
Junior player, American Petro-Hunter, Inc. (OTCBB: AAPH) reported today that drill site operations have commenced in preparation for the next horizontal oil well at the Company's North Oklahoma Mississippi Project development. Site arrangements are underway including permitting and requisite documentation in advance of the spud of the newly designated NOW-2H well. The directional drilling contractor has been secured and the Company expects a spud date shortly.
Crude Oil Sep 11 is trading up at $88.31, up1.66 (1.92%). Energy stocks pulled back with the general market in yesterdays’ trading but are seeing gains today.
Oklahoma Oil and Gas Stocks Trading Snapshot
American Petro-Hunter, Inc. (OTCBB: AAPH) trading in a range of $0.39- $0.42
Devon Energy Corporation (NYSE: DVN) trading $69.52, up 0.58 (0.84%) 11:02AM EDT
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt” for domestic petroleum assets. Visit us at: www.americanpetrohunter.com
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.