August 2016 archive

Oklahoma’s Gasoline Prices Drop Again—Reach $1.92 average

Gasoline prices have again slipped in Oklahoma, reaching an average of $1.92, a drop of 2 cents over the past week, according to figures compiled by AAA Oklahoma. The organization says Oklahoma is tied with Arkansas for the fifth lowest average price in the nation. Fourteen states have averages under $2 a gallon with South …

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State Okays Highway Repairs and Bicycle and Pedestrian Trails

From trails for bicycles and pedestrians to fixing a highway plagued by landslides, the Oklahoma Transportation Commission took action in favor of several projects this week. As News on 6 reported on its website, repairs were okayed for a highway in northeastern Oklahoma. Commissioners voted in favor of fixing landslide damage on Highway 51 between Sand …

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Moderate Success for Chesapeake near Dover

One of Chesapeake’s latest oil wells is a 684 barrel-a-day well close to the Kingfisher County town of Dover. The completion report, as published by OK Energy Today, shows the MUEGGENBORG well is only a mile southeast of Dover. It was also a fast-moving operation since Chesapeake Operating LLC had a May 4 spud date …

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How Oklahoma’s Economy is Impacted by What the Ayatollah Says

For those in Oklahoma who want an example of how events half-way across the globe can affect us, consider the latest news from Tehran, Iran. It applies to the lifting of the oil embargo as well as the deal that Boeing, the company with large operations at Tinker Air Force base in Oklahoma City, recently …

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Seventy Seven Energy Converts Debt, Exits Bankruptcy

Seventy Seven Energy Inc. announced on Monday that it has emerged from Chapter 11 bankruptcy protection after successfully completing its prepackaged restructuring and recapitalization efforts, according to a company press release. The Oklahoma City-based company filed for Chapter 11 reorganization in the United States Bankruptcy Court for the District of Delaware on July 14, 2016. …

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Oil Futures Fall to Bear Market on Monday

The bears clawed their way to the top of an unstable oil futures market as both West Texas Intermediate and Brent crude fell sharply on Monday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September WTI crude dropped $1.54, or 3.7%, to end at a three-month low of $40.06 a barrel, allowing the …

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Completion Reports August 2, 2016

ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian(5500): Oil 153 Gas 1407 Water 3151 Pump 28 28N 11W Morgan Trust 2811 1-28h, June 23, 2016 HH, OIL, TD: 11457 ft Lat: 36.87058, Long: -98.38606 API: 35003232540000 GARVIN COUNTY Charter Oak Production Co Llc 1 4N 3W May West 1-1, January 05, 2016 SH, PLUG, TD: …

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Permits to Drill August 2, 2016

Canadian County GANDY DANCER 3-13N-8W #1H, July 12 2016 10 13N 8W SENENENE API: 01724918 Lat: 35.623011246798605, Long: -98.03133928574957 DEVON ENERGY PRODUCTION CO LP HH, AM, 15637 ft, MISS (CHESTER)(9251), MISSISSIPPI LIME(10031) Kingfisher County GRELLNER #1606 1-25MH, July 29 2016 36 16N 6W NWNENENW API: 07325346 Lat: 35.82695652480736, Long: -97.79142677700295 MARATHON OIL COMPANY HH, DR, …

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Williams Subsidiary Fined $1.6 million over Deadly Louisiana Plant Blast

A Williams Companies subsidiary is facing a $1.6 million fine over the October, 2015 blast that killed four workers at its Louisiana operation. The fine against Transcontinental Pipeline was proposed July 29 by the Pipeline and Hazardous Materials Safety Administration and accused the firm of failing to include relevant facts when notifying the National Response Center …

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Texas Joins North Dakota in Suing EPA over New Methane Gas Emission Rules

The State of Texas has joined North Dakota in filing suit against the Environmental Protection Agency in a challenge of new methane emission rules for the oil and gas industry. In a filing with the D.C. Circuit Court of Appeals, Case #16-1257, Texas Attorney General Ken Paxton asked for a review of the EPA’s final …

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