Latest completion reports filed with Oklahoma regulators

  While Oklahoma’s newest oil wells were drilled in the past few months, completion reports on other wells actually drilled and completed in 2019 are still being filed. One is in Canadian County where Triumph Energy Partners LLC reported completion of a well with production of 596 barrels of oil a day. The Snyder 6-19-18 …

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Supreme court ruling raises questions about energy rules in Oklahoma

  The U.S. Supreme court ruling that overturned the state criminal prosecution of an Oklahoma defendant who committed a crime on Indian land has raised more questions than can be answered, especially when it comes to the state’s energy industry. There is a lot of head scratching going on and many more questions are raised, …

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Windfarm fraud case won’t be dropped in Arkansas

    A federal judge in Fayetteville, Arkansas has refused to dismiss criminal charges against two men accused of scamming investors in a proposed wind-farm project in Elm Springs. The indictment claims that Davis and Ridings of Dragonfly scammed six investors in Northwest Arkansas and southwest Missouri. Both are charged in U.S. District Court with multiple counts of wire …

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Energy news in brief

** Both Joe Biden and President Donald Trump will unveil infrastructure plans this week. Biden’s plan is expected to focus on clean energy, while Trump will announce environmental permitting changes. ** A federal appeals court rules that drilling can resume in a sensitive Alaskan reserve without updating an environmental assessment that was completed four years before oil was discovered in …

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Biden vows no fracking ban if he’s elected President

  Before Senators Bernie Sanders and Elizabeth Warren dropped out of the race for the Democratic Presidential nomination, they vowed to ban fracking if they were elected. Now Joe Biden, the presumptive Democratic nominee says it won’t happen if he wins the White House. As POLITICO reported, Biden told a TV reporter in Pennsylvania  that a …

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Nation’s rig count falls more while Oklahoma remains steady

  The number of oil and gas rigs in the U.S. declined by 5 in the past week, falling to 258 while the number in Oklahoma remained at 10 working rigs. Baker Hughes Co. in Houston reported the national rig count included a decline of four oil rigs leaving 181 active while the number of …

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Oil prices skid and energy shares followed suit

  Just as oil producers might have had a glimmer of hope with crude oil futures reaching nearly $41 a barrel, oil futures dropped below $40 in Thursday’s trading on the New York Mercantile Exchange. Energy firms felt the negative impact. West Texas Intermediate August futures dropped by $1.28 or 3.1% and settled at $39.62 …

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Vow of unity after Supreme Court rules against Oklahoma

Thursday’s U.S. Supreme Court ruling overturning a Denver Federal Appeals court decision that had upheld a state criminal prosecution on Indian land in eastern Oklahoma evoked responses from the state attorney general, the state’s congressional delegation and even Oklahoma’s largest oil and gas group. It also leaves the state of criminal prosecution in certain areas …

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Gulfport Energy’s annual meeting to be “virtual”

Leadership at Oklahoma City’s Gulfport Energy Corporation has decided the COVID-19 pandemic will force the firm to hold a virtual-only annual meeting next week. The company blamed the public health impact of the coronavirus and the importance of safeguarding the health of stockholders, employees and directors for not holding an in-person meeting on Thursday, July …

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Banks fund climate-changing group in Colorado

    Four of America’s biggest banks are backing a new nonprofit initiative to leverage the financial sector toward achieving climate-change goals. The Rocky Mountain Institute (RMI) is launching a center focused on climate supported by Wells Fargo, Goldman Sachs, Bank of America and JPMorgan Chase according to Axios. Banks have increased their rhetoric on the …

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