June 14, 2016 archive

Oklahoma Secretary of Finance Critical of Wind Industry Tax Credits

The wind industry was under attack again as it was blasted by Oklahoma Secretary of Finance Preston Doerflinger due to last month’s 13 percent decline in General Revenue Fund collections as a result of tax rebate and incentive payments to participating businesses, according to an Associated Press report issued on Tuesday. Doerflinger indicated that $3.3 …

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Crude Oil Futures Fall Lower on Tuesday as Inventories Rise

Oil futures continued their descent further from the key $50 a barrel mark on Tuesday as a government report revealed yet another increase in U.S. crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude fell 39 cents, or 0.8%, to end trade at $48.49 a barrel, resulting …

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Completion Reports June 15, 2016

  GARFIELD COUNTY Hodgden Operating Co Inc 30 20N 7W Cupps 1, June 02, 2016 SH, TA, TD: 8381 ft Lat: 36.17594, Long: -97.99501 API: 35047237740002 KAY COUNTY Donray Petroleum Llc Cottage Grove(3150): Oil 3 Water 900 Swab 33 25N 1W Stormy 8, March 07, 2016 SH, OIL, TD: 4700 ft Lat: 36.60011, Long: -97.30849 …

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Permits to Drill June 15, 2016

  Blaine County BLURTON #5-7-6XH, June 14 2016 18 16N 10W SWNENWNE API: 01123614 Lat: 35.868619429057375, Long: -98.30161414211706 CONTINENTAL RESOURCES INC HH, DR, 20745 ft, MISSISSIPPIAN(10005) Blaine County BLURTON #7-7-6XH, June 14 2016 18 16N 10W SENENWNE API: 01123616 Lat: 35.86868811826084, Long: -98.30132052734096 CONTINENTAL RESOURCES INC HH, DR, 20560 ft, MISSISSIPPIAN(9995) Blaine County BLURTON #8-7-6XH, …

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Scientists Worry Massive West Texas Sinkholes Will Grow

    A new study by geophysicists at Southern Methodist University in Dallas shows two giant sinkholes near the small West Texas towns of Wink and Kermit have grown unstable and could increase in size. The sinkholes are a mile apart and satellite radar indicates they appear to be expanding and according to the researchers, …

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Supreme Court Won’t Consider States’ Challenge to Mercury Rule

    Oklahoma Gov. Mary Fallin and State Attorney General Scott Pruitt have not commented about a U.S. Supreme Court decision this week to review the D.C. Circuit’s decision not to vacate the EPA’s air quality rule challenged by Oklahoma and nearly two dozen other states. Oklahoma was among 25 states and state agencies that …

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Chesapeake Energy Carries Out Court Battle in New York

Oklahoma City-based Chesapeake Energy Corp. was back in a New York federal court this week fighting with bond trustee Bank of New York Mellon Corp. over hundreds of millions of dollars in contract damages stemming from what was described as a botched bond buyback. The fight is over a reversed May 2013 order by Manhattan …

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Rep. Russell and Others on House Committee Demand More Keystone Documents from Secretary of State

  Oklahoma congressman Steve Russell and other members of the U.S. House Committee on Oversight and Government Reform await a response from Secretary of State John Kerry after issuing a second subpoena against his Department in its probe of the Keystone XL pipeline issue. The GOP-controlled Committee issued the subpoena last week to force the …

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Summer Driving Demand Still Causing Little Effect on Oklahoma Gasoline Prices

While the nation’s average gasoline price increased seven cents a gallon in the past two weeks, the average in Oklahoma rose just two cents, hitting a statewide average of $2.15 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The nation’s average is up to $2.38 a gallon, the most expensive average …

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Gas Flaring Practice Plunges in North Dakota

While the federal government’s targeting natural gas flaring on federal lands, the practice in the state where the highest amount has been carried out has fallen sharply since 2014. North Dakota’s flaring as of March 2016 was down to 10%, less than a third of the January 2014 flaring rate of 36%, according to figures …

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