June 13, 2016 archive

Natural Gas Transportation Service RFP for 2017 Issued by PSO

Tulsa-based Public Service Company of Oklahoma is seeking a Request for Proposal for firm natural gas transportation service for calendar year 2017, according to a company press release issued on Monday. PSO, a subsidiary of American Electric Power, is seeking the RFP to serve its natural gas-fired power plants. The Oklahoma electric utility provides service …

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Production Concerns and Lower Crude Oil Settlements Cloud Monday Futures

Oil futures finished down on Monday as trading closed amid concern about an increase in production, according to Bloomberg MarketWatch. July West Texas Intermediate crude had its lowest finish since June 3, dropping 19 cents, or 0.4%, to end trade on the New York Mercantile Exchange at $48.88 a barrel. On London’s ICE Futures exchange, …

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Completion Reports June 14, 2016

KINGFISHER COUNTY Chesapeake Operating Llc Oswego(6587): Oil 153 Gas 588 Water 173 Artificia 12 18N 6W Meritt 12-18-06 1h, February 12, 2016 HH, OIL, TD: 10645 ft Lat: 36.04409, Long: -97.79703 API: 35073250640001 Newfield Exploration Mid-con Inc Mississippian(ex Chester): Oil 818 Gas 413 Water 607 Pump 24 17N 8W Storm 1h-13x, January 20, 2016 HH, …

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Permits to Drill June 14, 2016

Caddo County EAST BINGER UNIT #1G-1, June 13 2016 23 10N 11W CSENW API: 01520517 Lat: 35.3286455681806, Long: -98.3350489615061 BINGER OPERATIONS LLC SH, RC, 10074 ft, MARCHAND UP(9950) Canadian County TOY DARROW #2H-8-17, June 13 2016 07 10N 5W NWSENESE API: 01724908 Lat: 35.35325970757139, Long: -97.76155797896399 CITIZEN ENERGY II LLC HH, DR, 16200 ft, WOODFORD(9100) …

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Kimray Forced to Make More Layoffs in Energy Downturn

Months after a 10 percent reduction in its workforce, oilfield manufacturing equipment company Kimray, Inc. of Oklahoma City announced Monday it planned to lay off 120 workers by the end of the week. The reason is no surprise to anyone in the energy industry.  The company blames the prolonged industry downturn.  The company’s first reduction …

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Oklahomans Helped House Condemn Carbon Tax

  All five Oklahomans in the U.S. House were among those who helped congress make clear its opposition last Friday to a national carbon tax and the President’s plan for a $10–a-barrel tax on crude oil. The House passed its condemnation on a 237-163 vote saying such a carbon tax proposal “would be detrimental to …

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Prices Force Delay in New Chemical Plant Along Texas Gulf Coast

Plans by German chemical giant BASF SE to build a massive plant along the Gulf Coast in Texas have been temporarily shelved because of volatile prices. It was nearly 15 months ago when the company announced plans for the largest single-plant investment with a planned annual production of 475,000 metric tons of propylene. But now …

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Solar Power to Run New Toyota North American Headquarters in Plano, Texas

    When Toyota completes its new North American headquarters in Plano, Texas, the electrical power provided to the operation will be 100 percent renewable energy. MP2 Energy, a full-service power company based in The Woodlands, Texas has been awarded a five-year retail electricity contract for the headquarters. The campus will be 2.1 million square feet …

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Colorado Company Makes Big Buy in Marcellus

Denver, Colorado-based Antero Resources Corporation announced it has signed an agreement to buy 55,000 net acres in the core of the Marcellus Shale for $450 million. It identified the seller only as a “third-party” but said 75% of the acreage contains dry Utica rights. The purchase also includes undeveloped properties located primarily in Wetzel, Tyler …

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Legislator Wants Interim Study on Oil and Gas Wastewater and Possible Recycling

Oklahoma City legislator Richard Morrissette not only is sponsoring a public forum to be held at the State Capitol on wastewater and the injection wells thought to be causing Oklahoma’s earthquakes, he wants an interim legislative study on the issue. He filed the request last week on the day of the deadline for such requests. …

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