June 2016 archive

Williams and ETE Reach Agreement on One Aspect of Messy Merger

A report by Energy Law 360 indicates a settlement of sorts about joint disclosures of tax consequences has been made by the Williams Cos. of Tulsa and Dallas-based Energy transfer Equity LP in their proposed merger that’s turned into a legal fight. The energy law website indicates that attorneys for both sides told a Delaware …

Continue reading »

Texas Lawsuit Over Regional Haze Rule Moves Ahead

A Federal circuit court in Washington, D.C. has heard appeals of Texas and the U.S. Environmental Protection Agency in a lawsuit filed by the State challenging the EPA’s mandated regional haze plan. It’s a plan that would force Texas to clean up its coal-fired power plants that send haze drifting into Oklahoma affecting the Wichita …

Continue reading »

California Utility Fined $24 million over Poor Record Keeping

Officials with California’s largest utility, the Pacific Gas and Electric Company are still reviewing a judge’s decision to fine the company more than $24 million for sloppy record keeping of its natural gas distribution system. The California Public Utilities Commission said an administrative judge recommended $24.3 million in fines on top of a 2014 fine …

Continue reading »

Air Quality Advisory Council Cancels Meeting

Another cancellation of a meeting of the State’s Air Quality Advisory Council at the State Department of Environmental Quality. The June 8 meeting is now planned for October 12, 2016 in Tulsa and the location has yet to be determined. The last meeting was in January where members were scheduled to vote on amendment Excess …

Continue reading »

WTI, Brent and Natural Gas Futures Rise on Thursday

Oil futures ended on a higher note Thursday after OPEC members failed to reach an agreement limiting oil production and weekly government reports confirmed a reduction in U.S. crude inventories, according to Bloomberg MarketWatch. July West Texas Intermediate crude tacked on 16 cents, or 0.3%, to end trading on the New York Mercantile Exchange at …

Continue reading »

Completion Reports June 3, 2016

CADDO COUNTY Territory Resources Llc Marchand: Oil 72 Water 23 Pump 10 5N 9W Walker 2, March 10, 2016 SH, OIL, TD: 6953 ft Lat: 34.91928, Long: -98.13371 API: 35015359780002 HUGHES COUNTY Petroquest Energy Llc Woodford(5140): Gas 3326 Water 1852 Flow 3 7N 11E Peggy 4-10h, March 20, 2016 HH, GAS, TD: 10151 ft Lat: …

Continue reading »

Permits to Drill June 3, 2016

Carter County POSTOAK SWD #1, February 25 2016 32 5S 2W SESESESE API: 01926157 Lat: 34.07182270467489, Long: -97.42334127151427 POSTOAK DISPOSAL LLC SH, AM, 3100 ft, PONTOTOC(1350) Hughes County DIANA #2-34H, June 01 2016 03 6N 11E NESWNWNE API: 06324600 Lat: 35.026443380725155, Long: -96.1316507065699 PETROQUEST ENERGY LLC HH, DR, 11470 ft, WOODFORD(5800) Hughes County DIANA #3-34/27H, …

Continue reading »

A 21% Drop in Energy Employment in Oklahoma in the Past Year

As jobless rates rose in April in 50 of Oklahoma’s 77 counties, more oil and gas workers were also laid off in the past month, according to the Oklahoma Employment Security Commission. Classified in the Mining and Logging Sector, the number of energy workers dropped from 16,500 in March 2016 to 15,300 in April, or …

Continue reading »

Attorneys General Refuse to Turn Over ExxonMobil Investigation Documents to Congress

As the Republicans on the U.S. House Science, Space and Technology Committee attempt to explore whether some Democratic Attorneys General conspired with environmental activists to start a probe of ExxonMobil, they have been thwarted in efforts to obtain documents from them. Attorneys General from New Mexico, Vermont, Washington, Connecticut, Oregon, Maryland, the District of Columbia …

Continue reading »

NGL Admits Mistakes were Made…the Company will Restate Earnings

Tulsa-based NGL Energy Partners announced this week that because of an improper accounting of royalty payments it would have to restate its earnings for the past three quarters. In a filing with the Securities and Exchange Commission, the company admitted it had not properly accounted for royalty payments associated with the water solutions agreement. As …

Continue reading »