September 6, 2017 archive

Weather Playing a Role in WTI and Brent Crude Settlements on Wednesday

The domestic oil benchmark closed at a four-week high on Wednesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose 50 cents, or 1%, to settle at $49.16 a barrel, marking the highest settlement since August 9. On the London ICE Futures Exchange, October Brent crude, the global …

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Permits to Drill September 7, 2017

  Garfield County DIVELY #65, September 06 2017 24 22N 4W CSENW API: 04725039 Lat: 36.370453214353624, Long: -97.57970837755295 M M ENERGY INC SH, RC, 4325 ft, TONKAWA(3300), LAYTON(3700), BIG LIME(4300) Kingfisher County THE COWBOY 18-08-33 #1H, September 06 2017 33 18N 8W SESESESE API: 07325773 Lat: 35.98606099259613, Long: -98.05082758605954 CHISHOLM OIL & GAS OPERATING LLC HH, DR, …

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Williams Reports No Major Damage from Hurricane Harvey

Tulsa’s Williams Partners says its operations in the Gulf Coast area suffered no major damage from Hurricane Harvey. The company announced Wednesday that the majority of its operations required to handle offshore production have been inspected and are “ready for service.” Some some production remains shut-in pending a pre-start test and the restart of the …

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Tankers Lined Up at Gulf Coast Ports in Texas Following Hurricane

  They’re ready!  It’s the best characterization of oil tankers waiting in the Gulf of Mexico off the coast of Texas, ready to arrive and start loading shipments of oil. More than 55 tankers were lined up earlier this week in the ocean off the coastal refinery cities hard hit by Hurricane Harvey.  Those ships …

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Bridenstine Humbled Over NASA Administrator Nomination

Don’t expect to hear much from Oklahoma Congressman Jim Bridenstine in the coming weeks or months regarding his nomination to become next head of NASA. That’s because Rep. Bridenstine’s office, in an email notice this week indicated, “The Congressman will not be accepting interview requests prior to the conclusion of the confirmation process.” If we …

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Scotland to Ban New Gasoline and Diesel Cars and Vans in 15 Years

Hard to imagine Oklahoma without new car and truck sales. But it’s what Scotland intends to do in the next 15 years. The country plans to phase out new gasoline and diesel cars and vans by the year 2032. That’s eight years earlier than when the British government intends to do the same according to …

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Worker Dies After Fire at Refinery in El Dorado, Kansas

A fire at HollyFrontier’s El Dorado, Kansas refinery killed a worker this week. The fire happened Monday at the 150,000 barrel-per-day refinery and the man was rushed to Via Christi Hospital St. Francis in Wichita where he died overnight. “We are deeply saddened by the loss of our friend and colleague. Our thoughts and prayers …

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State Okays $36 million New South Canadian River Bridge at Lexington and Purcell

The State Transportation Department has awarded a $36 million contract to a Texas company to build a new four-lane bridge over the South Canadian river linking the cities of Purcell and Lexington. Work could start in a month but the new US 77-SG 39 bridge won’t be completed for nearly two years. The Transportation Commission …

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Peabody Coal Reaches $43 million Bankruptcy Settlement with Feds

A $43 million settlement between coal producer Peabody Energy Corp. and the federal government was approved this week by a bankruptcy judge in Missouri. The settlement covers environmental liabilities involving a Peabody subsidiary at 13 Superfund sites that were left contaminated by heavy metal mining and production. U.S. Bankruptcy Judge Barry S. Schermer approved the …

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Ponzi Scheme Results in Prison Time for 78-year old Texas Oilman

A 78-year old Texas man has drawn a seven year federal prison sentence for the oil and gas Ponzi fraud scheme he ran. James VanBlaircum of Colleyville admitted to what he did over a nine-year period. He pleaded guilty in February and was ordered to pay more than $32.2 million in restitution. The scheme involved …

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