May 2016 archive

SEC Gives Go-Ahead to Williams Companies to Mail Merger Ballots

The U.S. Securities and Exchange Commission has granted approval to Williams Cos. of Tulsa to its Form S-4 document required for shareholders to be able to vote on the controversial proposed merger with Dallas-based Energy Transfer Equity. The approval came Wednesday in which the SEC ruled the form is “effective.” It is a document used …

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Wichita Tech Firm Doubling Employment

At least 100 new years will be added in the coming year by SNT Media based in Wichita, Kansas. The 5-year old company announced plans to more than double the current workforce of 80 employees over the next 12 months. “We are solidly operationalizing here in Wichita,” said Tonya Witherspoon, a spokeswoman for the company …

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Biomass Electricity Production Increases Most in the South

When it comes to the use of biomass in producing electricity across the nation, the country’s deep south is leading the way. While Oklahoma is considered part of the southern states creating the electricity, the increased use of biomass really occurred in Virginia, Florida and Georgia. US electricity generation, according to the U.S. Energy Information …

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South Central Kansas Oilman Indicted in $8 million Scheme

A south central Kansas man has been indicted on charges of running a nearly $8 million oil and gas scheme and if he’s convicted could get up to 20 years in prison. Federal prosecutors in Wichita revealed the indictment this week against David Lawson of Hillsboro, Kansas. the 70-year old was the owner and director …

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Senator Contends Wind Industry is Doing Nothing to Help the State

When the State Senate approved SB 1577 this week, only two Senators voted against cutting the tax credit for the state’s at-risk oil wells. One of them was Sen. Ralph Shortey of Oklahoma City who led the debate against putting a $12.5 million cap on the credits that were expected to swell to $25 million …

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SB 1577’s Cap of $12.5 Million for At Risk Wells On Governor’s Desk

An Oklahoma bill providing a tax rebate for economically at-risk oil and gas wells received final passage in the Senate on Wednesday. Senate Bill 1577, co-authored by Senate Pro Tempore Brian Bingman and House Speaker Jeff Hickman, was originally filed on May 2 in order to slash a tax rebate program that was originally created …

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WTI and Brent Surge Over $49 a Barrel on Wednesday

Oil futures jumped closer to $50 a barrel on Wednesday, marking their greatest settlement since October, according to Bloomberg MarketWatch. July West Texas Intermediate crude rose 94 cents, or 1.9%, on the New York Mercantile Exchange to end trading at $49.56 a barrel. On London’s ICE Futures Exchange, July Brent crude, the global benchmark, tacked …

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Completion Reports May 26, 2016

CREEK COUNTY Dyer Dale E Dba The Loving Company 12 17N 8E Pickett 6a, April 15, 2016 SH, INJ, TD: 2996 ft Lat: 35.97077, Long: -96.41509 API: 35037292890001 CUSTER COUNTY Blake Production Company Inc Oswego: Oil 86 Gas 89 Water 175 Pump 23 15N 15W Putnam Oswego Unit 1-23h, September 25, 2015 HH, OIL, TD: …

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Permits to Drill May 26, 2016

Alfalfa County SHARON 31-27-11 #1H, May 25 2016 30 27N 11W SESESESW API: 00323256 Lat: 36.78340549636839, Long: -98.42382682962905 CHESAPEAKE OPERATING LLC HH, DR, 10700 ft, MISSISSIPPIAN(5417) Creek County PICKETT #A-3, May 25 2016 12 17N 8E CNESENW API: 03714026 Lat: 35.969406156957724, Long: -96.41509220116342 DYER DALE E dba THE LOVING COMPANY SH, RC, 3128 ft, RED …

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Inhofe Cites Proof Feds are using WOTUS for Overreach

Oklahoma U.S. Sen. Jim Inhofe says he and his supporters are still fighting the “overreach” of the federal government, especially when it comes to the Waters of the U.S. Rule that is on hold in the federal courts. “I have heard concerns that the Corps and EPA are continuing to expand federal control over land …

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