August 5, 2016 archive

Completion Reports August 8, 2016

ALFALFA COUNTY Chesapeake Operating Llc Mississippian(5351): Oil 313 Gas 1032 Water 2140 Artificia 15 27N 11W A C Land & Cattle 22-27-11 1h, June 01, 2016 HH, OIL, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640001 Chesapeake Operating Llc Mississippian(5353): Oil 340 Gas 1173 Water 1048 Artificia 15 27N 11W Kraus 15-27-11 2h, May …

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Permits to Drill August 8, 2016

Blaine County STRACK #1-2-11XH, August 05 2016 02 16N 11W NENENENE API: 01123634 Lat: 35.89782740814932, Long: -98.33101086175391 MARATHON OIL COMPANY HH, DR, 20448 ft, MISSISSIPPIAN(8996), WOODFORD(10482) Garvin County NAYRO #2H-11, August 05 2016 14 4N 4W NWNWNENE API: 04925078 Lat: 34.82566586247251, Long: -97.58494234594916 CITIZEN ENERGY II LLC HH, DR, 14600 ft, WOODFORD(9100) Garvin County NAYRO …

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State’s Economic Downturn Exceeds Great Recession of 2008-2010

As oil and gas revenues continue to tumble in Oklahoma, the state’s economic decline has now lasted 17 months, three months longer than the so-called Great Recession that ran from 2008 to 2010. State Treasurer Ken Miller says the 12-month collections since Feb. 2015 have fallen by $1.1 billion or 8.8 percent. He says during …

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Inhofe at Odds with White House Over Environmental Quality Council

Oklahoma U.S. Sen. Jim Inhofe is again at odds with the Obama White House. And yes, it involves climate change. This time, it’s in a difference of opinion with the White House Council on Environmental Quality and its final guidance on considering climate change in environmental reviews under the National Environmental Policy Act. As chairman …

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Oklahoma Avoids List of Worst States for Car and Truck Pollution

The Natural Resources Defense Council is out with a report showing which states are worst when it comes to carbon pollution in the U.S.  No, Oklahoma is not one of them. But Texas, California, Florida, New York, Illinois and Ohio are. The Council’s report says seven states, California, Florida, New Jersey, Georgia, Tennessee and Virginia …

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Energy Transfer and Sunoco Await $2 billion Windfall

Dallas-based Energy Transfer Partners, the company that left Tulsa’s Williams Companies standing at the merger-altar last month joined with Sunoco Logistics Partners in the sale of a  minority ownership of a major Bakken pipeline project.  And it means a nearly-automatic $2 billion increase in cash for ETP and Sunoco. Enbridge Energy Partners of Canada and Marathon …

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Oklahoma Joins Lawsuits Challenging EPA’s New Methane Emissions Rules.

Put Oklahoma on the list of the states and groups that have sued the Environmental Protection Agency in a challenge of the agency’s new federal regulations for methane emissions at oil and natural gas locations. Attorney General Scott Pruitt joined the suits on Tuesday, claiming the EPA does not have the legal authority to create …

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Enbridge Oil Pipeline Project on Hold in Minnesota

With the announcement by Enbridge Energy it will invest in a different pipeline to move North Dakota crude oil but not across Minnesota, questions remain about the proposed oil pipeline through the northern reaches of the state. Enbridge, based in Canada had proposed the $2.6 billion Sandpiper pipeline to cross Minnesota and carry Bakken oil …

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Senator Says State Needs to be Ready for Loss of Oil and Gas Revenue

“We need to start thinking and talking about the day when we don’t have oil and gas resources at all.”  Sen. David Holt   One of the 36 interim studies approved by the State Senate leadership in Oklahoma in the past several days focuses on a long-term strategy for replacing revenue provided by oil and …

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OGE Energy Posts $71 Million Gain in 2Q for 2016

OGE Energy Corp. reported earnings of $71.5 million, or 35 cents per share for the second quarter of 2016, according to a company press release issued on Thursday. This compares with earnings of $87.5 million, or 44 cents per share for the same quarter a year ago. Operating revenue was $551.4 million for the second quarter ending …

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