Gulfport accuses Midship of illegally seizing $76 million leading to bankruptcy

  Since filing for Chapter 11 bankruptcy earlier in November, Oklahoma City-based Gulfport Energy Corp contends a number of things led to its path to the bankruptcy court—but mostly it blames the actions of the Midship gas pipeline owned by Cheniere Energy. Gulfport contends its liquidity was constrained in early 2020 by lower revenue, high …

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Water disposal suspected in southern Kansas earthquakes

  The Kansas Geological Survey suspects the disposal of fracking water might have caused two earthquakes that rattled Wichita and other areas of southern Kansas on Thanksgiving Day and the following day. KWCH TV reported that Wichitans felts what they described as homes and windows shaking followed by a big boom on Friday. The first …

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Anti-pipeline group to hold Biden to his promise

  A Nebraska environmental group fighting TransCanada’s proposed Keystone XL pipeline plans to hold President-elect Joe Biden to his campaign pledge to rescind the permit for the project. Bold Nebraska, an alliance formed 10 years ago that was made up of environmentalists, ranchers, farmers and Indian tribes voiced more than hope in a recent posting …

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Utility alerts customers about their electrical line responsibilities

  While crews are still hauling off limbs and other debris accumulated from Oklahoma’s October ice storm that left nearly 400,000 customers without power—some as long as two weeks or longer—Oklahoma Gas and Electric is sending a warning to its customers. The utility is telling its customers that when it comes to repairs of “exterior …

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Citgo 6 sentenced to Venezuelan prison

A handful of Citgo executives known as the “Citgo 6” have been tried, convicted and sentenced to prison in Venezuela. The workers for the company formed more than 100 years ago in Bartlesville, Oklahoma have already been held in custody for three years on charges in an alleged corruption scheme. A judge sentenced them this …

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Tribes wage fight against new Minnesota pipeline

  The Canadian firm that recently won approval to start construction of a pipeline in Minnesota isn’t finished with the fight. Two Native American tribes have asked state regulators to stop construction of Enbridge Energy’s Line 3 crude oil pipeline and now contend it will only add to the increased risk of spreading the coronavirus …

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Worries grow about impact of Biden administration on oil and gas industry

Biden’s plan “doesn’t get the fact that cheap and abundant natural gas is good for families because they pay less in power and utility bills.” – Rep. Guy Reschenthaler (R-Pa.)   Oklahoma Congressman Markwayne Mullin isn’t the only member of congress representing an oil and gas state who is worried about what a Biden administration …

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Energy stocks closed down on Friday

  Crude oil futures ended Thanksgiving week with a mixed result but it also gave hope to investors and traders that West Texas Crude is slowly on the rise. WTI futures had a 7.3% gain for the week, the largest one-week increase since Oct. 9. It was also the fourth consecutive week of making gains. …

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Two energy companies end up in court over sale agreement

  A lawsuit has been filed in Tulsa County District Court where Foster Energy, LLC is accusing Tidewater Energy Group of a breach of contract stemming from a November 2019 purchase and sale agreement. Foster Energy, an Edmond based firm with primary business in Oklahoma, Pennsylvania and Texas contends it lost millions of dollars when …

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Renewed drilling interest in Oklahoma

  The latest release of data from the Oklahoma Corporation Commission shows a flurry of permits to drill released to companies wanting to do some exploration. Sanguine Gas Exploration LLC obtained a permit to drill in Blaine County. It intends to drill the J D #1-16,  at a site about 10 miles west of Geary. Cimarex …

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