Oklahoma’s Incentive Evaluation Commission met on Wednesday afternoon to set its evaluation schedule, with several energy-related tax credits identified for review over the course of four years. The Commission is expected to review at least 11 incentives this year and recommend whether each should be replaced, repealed or reformed before the start of the 2017 …
June 2016 archive
Interim Rate Hike of $69.5 Million Implemented by OGE on Friday
OGE Energy Corp. will implement a $69.5 million interim rate increase as it awaits a decision from state regulators in its pending rate case, according to a news report published late Wednesday by The Oklahoman. The increase is effective Friday. The move comes over six months after the company filed for a $92.5 million increase with …
Crude Oil Futures Jump While Supply is Down on Wednesday
Shaking off recent concerns over the United Kingdom’s referendum vote to leave the European Union, crude oil futures soared on Wednesday, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose $2.03, or 4.2%, on the New York Mercantile Exchange to settle at $49.88 a barrel. August Brent crude, the global benchmark, jumped $2.03, or …
Completion Reports June 30, 2016
CADDO COUNTY Crawley Petroleum Corporation 7 10N 11W Barger 1, June 11, 2016 SH, DRY, TD: 15087 ft Lat: 35.35218, Long: -98.39967 API: 35015210800002 CANADIAN COUNTY Devon Energy Production Co Lp Mississippian(10397): Oil 403 Gas 2538 Water 1320 Pump 14 14N 9W Hansen 14-14n-9w 1h, May 25, 2016 HH, OIL, TD: 15484 ft Lat: 35.68246, …
Permits to Drill June 30, 2016
Canadian County OPPEL #1H-16-21, June 29 2016 09 11N 7W NWSESWSW API: 01724915 Lat: 35.43615731138812, Long: -97.95163584268008 CITIZEN ENERGY II LLC HH, DR, 21300 ft, WOODFORD(10700) Custer County SCHROCK #1-23-26XH, June 29 2016 23 14N 14W NENWNWNW API: 03922483 Lat: 35.68133835203735, Long: -98.66598851394019 CONTINENTAL RESOURCES INC HH, DR, 25021 ft, MISSISSIPPIAN(13842), WOODFORD(14772), HUNTON(15000) Custer County …
Environmentalists Challenge Wyoming Judge’s Frack Ruling
We haven’t seen the last of the recent federal judge’s ruling in Wyoming that struck down the Obama administration’s attempts at regulating fracking on federal and Native American lands. Environmental groups including Earthjustice and the Sierra Club asked the Denver federal appeals court this week to revive the rule. Their notice of appeal is a …
Oakland Says Not in Our Backyard to Coal Shipments
Things just became more challenging for Utah coal companies planning to ship their coal of Oakland, California’s shipping terminals and send it to Asia. The Oakland City Council voted unanimously this week to kill a plan to use a proposed marine terminal for coal shipments, calling them public health and safety hazards. Environmental activists broke …
Tesoro Picks up Another Refinery in North Dakota
Texas-based Tesoro Corporation picks up another oil refinery, this time in southwestern North Dakota. Headquartered in San Antonio and with more than 6,000 employees, the company acquired the refinery in Dickinson. The operation started selling fuel last year but lost more than $7 million in the first three months of the year. It was owned …
Brace for More I-35 Traffic Slowdowns in southern Oklahoma
It’s an announcement that oil and gas haulers on I-35 didn’t want to hear. But traffic tie-ups will be a daily occurrence on the interstate in southern Oklahoma, according to the Department of Transportation. I-35 will be narrowed to one lane in each direction at Ruppe Rd. (mile marker 60) between Davis and Wynnewood in …
Tulsa Oilman Fails in Bid to Unseat Congressman Bridenstine
While some political observers speculated that Oklahoma oilman Tom Atkinson might be able to pull off an upset of U.S. Rep. Jim Bridenstine in Tuesday’s primary elections, it did not happen. Instead, Bridenstine easily defeated Atkinson and Eveylyn L. Rogers and was automatically re-elected to a third term because there is no Democratic candidate …