March 29, 2017 archive

Wind Energy Tax Credit Modification Gets Approval from OK Senate Committee

The Oklahoma State Senate Appropriations Committee voted 34-6 in favor of House Bill 2298 on Wednesday. The House bill modifies the time-period for zero-emission facilities by requiring operation by July 1, 2017 to qualify for tax credits. The current deadline is January 1, 2021. Governor Fallin proposed eliminating the credit to increase revenue during a …

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Crude Oil Futures Soar on Wednesday as Inventory Forecasts Fall Short

Oil prices settled much higher on Wednesday following the release of data from the Energy Information Administration which revealed a weekly rise in domestic crude inventories that was below some market forecasts, according to Bloomberg MarketWatch. May West Texas Intermediate crude rose $1.14, or 2.4%, to settle at $49.51 a barrel on the New York Mercantile …

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Completion Reports March 30, 2017

  BLAINE COUNTY Council Oak Resources Llc Mississippian(9777): Oil 396 Gas 3261 Water 1875 Flow 4 17N 12W Haigler 1-4h, November 19, 2016 HH, OIL, TD: 14445 ft Lat: 35.97190, Long: -98.47757 API: 35011236410001 CANADIAN COUNTY Chesapeake Operating Llc Mississippian(10284): Oil 449 Gas 5985 Water 1858 Flow 31 12N 7W Johnston 31-12-7 1h, January 30, …

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Permits to Drill March 30, 2017

  Blaine County WILLOW 12_1-15N-12W #1HX, March 29 2017 12 15N 12W SESWSWSW API: 01123775 Lat: 35.783746005484474, Long: -98.43575176211452 DEVON ENERGY PRODUCTION CO LP HH, DR, 21602 ft, MISSISSIPPIAN(10393), MISS’AN (EX CHESTER)(11490) Blaine County DUPREE BIA #1H-2215X, March 29 2017 22 16N 12W NWSWSWSW API: 01123774 Lat: 35.84240098381395, Long: -98.47233263969876 CIMAREX ENERGY CO HH, DR, …

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Roaring Start for Newfield with Record Oil Well in STACK

Houston-based Newfield Exploration Company is reporting its largest well ever in Oklahoma’s STACK, hitting a well that’s producing more than 2,900 barrels of oil a day. The Burgess well with 4,859 feet of lateral length is located in Kingfisher County and achieved a 24-hour flow rate of 2,931 BOEPD including 69 percent oil. Its 20-day …

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Accusations Fly Between Scientists on Climate Change as They Testified Before Congress

Oklahoma U.S. Rep. Frank Lucas and others on the House Committee on Science, Space and Technology might have actually enjoyed the hearing they held Wednesday on climate change and scientific methods of studying whether it’s truly being caused by man. With a panel of four scientists, some who profess man is causing climate change and …

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Total Makes ‘Total’ Energy Commitment in Texas to Tune of $1.7 billion

The French energy company Total announced this week plans to invest $1.7 billion in energy projects in Texas. The company plans to partner with chemical companies Borealis and Nova to build two new units on the U.S. Gulf Coast. Company leaders admit they’re trying to take advantage of cheap shale gas in the U.S. and …

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Pennsylvania Learns from Oklahoma’s Earthquakes and Disposal Wells

The state of Pennsylvania’s taking a cue from Oklahoma when it comes to disposal wells and earthquakes. The Pennsylvania Department of Environmental Protection gave approval recently to two new disposal wells to handle oil and gas production wastewater. But—-there’s always a but—-the operators have to install seismic monitors and operate the wells at lower pressure. …

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Pipeline Energy Expo to Begin Tuesday in Tulsa

The 9th annual Pipeline Energy Expo is set to begin Tuesday in Tulsa and nearly 1,000 pipeline professionals from around the world are expected on hand. The Pennwell Corporation’s Pipeline Energy Expo, to be held April 4-6 will be at the Cox business Center. It will begin with a networking cocktail reception Tuesday evening and …

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Stage Set for More Legal Fights Over Trump’s Rewrite of Clean Power Plan

Speculation mounted immediately Tuesday after President Trump signed an executive order to rewrite former President Obama’s controversial and legally-challenged Clean Power Plan. While the order put a halt to the government’s own actions taken when Obama was in the White House, others think the order will also create courtroom battles. Battles that some think could …

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