July 2016 archive

Is a Shutdown of Oil Refineries Looming?

As oil prices continue to slip into the lower $40 range, now there is concern that the situation could result in the shutdown of some oil refineries. As Bloomberg News reports, it could lead to a shortage of oil. When summer-time driving and gasoline demand drops in August and September, refiners in the past used it …

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Bartlesville Awaits More Possible Layoffs at ConocoPhillips Operations

Nine months after ConocoPhilips laid off 1,800 workers, including 170 at its Bartlesville, Oklahoma operation, the company has to cut another thousand workers from its payroll. But there’s no indication some of those losing their jobs are workers in Bartlesville, home to Phillips 66 before it merged with Conoco. The latest round of layoffs is …

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Clean and Green Energy Emphasized in Democratic Party Platform

With the national Democratic party convention underway this week in Philadelphia, the party’s national platform has been adopted, one focusing on the rights and needs of workers and an emphasis on green energy and environmentally friendly development. Two who helped draw up the platform were Charles Hoskins of Vinita and Alberta Swanegan-Owens of Oklahoma City. …

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EPA’s Next Step is Regulating Jet Engine Exhaust Emissions

The Environmental Protection Agency now says jet engine exhaust is contributing to climate change and is endangering public health. The agency finalized its rules, determining that greenhouse gas emissions from aircraft are a danger to the environment. The move clears the way for federal regulation. It means regulations will soon cover the emissions of those …

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Gasoline Prices Hit Lowest Oklahoma Average since April

Gasoline prices in Oklahoma are down to their lowest average since late April, reaching a new average of $1.94, according to figures released this week by AAA Oklahoma. The new average is 3 cents cheaper per gallon than one week ago, making the Oklahoma gasoline some of the cheapest in the U.S. “If your late-summer …

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Corporation Commissioners to Get Power Pool Presentation

Oklahoma Corporation Commissioners will get a presentation this week concerning the Southwest Power Pool, the Integrated Marketplace and their impact on electric customers in the state. The presentations will be made Thursday at 2 p.m. in the Jim Thorpe building at the state capital complex. The Integrated Marketplace has meant huge changes in the cost, …

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WTI, Brent Crude Post Lower Settlements on Monday

Oil futures fell to their lowest level in three months on Monday as investors worried that crude oil supplies will continue to outpace demand, according to Bloomberg MarketWatch. “Supply continues to return from disruptions, refined products are severely oversupplied, crude demand is falling well short of product demand and key product demand is decelerating,” analysts …

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Completion Reports July 26, 2016

GARVIN COUNTY Prime Operating Company 15 1N 3W R. J. Mauldin “b” 15, June 22, 2016 SH, INJ, TD: 1655 ft Lat: 34.55591, Long: -97.50394 API: 35049233760001 OKMULGEE COUNTY Aog Operating Llc Dutcher(1796): Oil 8 Gas 20000 Water 100 Pump 30 16N 13E Fields 2a, February 18, 2016 SH, OIL, TD: 2260 ft Lat: 35.82966, …

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Permits to Drill July 26, 2016

Alfalfa County CHEROKEE 2611 #1-2H/11H, July 25 2016 35 27N 11W SESWSESW API: 00323259 Lat: 36.768765754891085, Long: -98.35397040146164 SANDRIDGE EXPLORATION & PRODUCTION LLC HH, DR, 15940 ft, MISSISSIPPIAN(5345) Alfalfa County CHEROKEE 2611 #2-2H/11H, July 25 2016 35 27N 11W SESWSESW API: 00323260 Lat: 36.7687657512665, Long: -98.3539021221299 SANDRIDGE EXPLORATION & PRODUCTION LLC HH, DR, 15595 ft, …

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Nearly $6 million Bid on School Land Oil/Gas Leases

A recent Oklahoma Land Commission sale of oil and gas leases netted nearly $5.8 million on 98 different parcels of land in 14 different counties ranging from Texas County in the Panhandle to Pittsburg in the southeast. The honors for the largest amount of money paid for one lease went to Houston, Texas-based Newfield Exploration, a …

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