October 2017 archive

Continental Resources Leaders Still Blame EIA for Low Oil Prices

Continental Resources Chairman Harold Hamm and his executives continue pounding away with their criticism of the federal government estimates of oil production in the U.S. And what Hamm said in recent interviews is also being analyzed by others who wonder if he is correct in claiming the U.S. Energy Information Administration is distorting oil prices because …

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Budget Hole Forces Major Changes in Oklahoma Highway Projects

Oklahoma’s state government budget hole forced a change this week in the eight-year highway improvement plan of the State Department of Transportation. The Oklahoma Transportation Commission voted to trim its long-term plan, remove some projects and delay others, moves that are expected to slow progress made in the state’s bridges. The plan had been filled …

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Oklahoma Firms Unload Midland Basin System for $1.8 Billion

A $1.8 billion deal’s been announced by Houston-based Energy and Minerals Group and Laredo Petroleum of Tulsa in which they are selling the largest privately held crude oil transportation system in the Midland Basin of Texas. The buyer is an affiliate of infrastructure fund manager Global Infrastructure Partners which is paying $1.825 billion for the …

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El Dorado—Former Oil Boom Town Attempts Revival of Population

A southern Arkansas city that once was an oil boom town in the 1920s is attempting to revive its commercial growth and interest. City leaders in El Dorado are hoping a $100 million arts district will spark the move to reverse a population slide that has affected the city for decades, according to the Associated …

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Energy Secretary Pushes for Faster Approval of Oil and Gas Pipelines

Saying the Permian Basin is an example of pipeline challenges, Energy Secretary Rick Perry is pushing for more and faster construction of oil and gas pipelines in the U.S. He wants to streamline the approval process, hoping new lines will help the flow of oil out of the west Texas oil play. It’s a critical …

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Desk and Derrick Club to Hold Annual Industry Appreciation Luncheon in Tulsa

The approaching annual Industry Appreciation Luncheon held by the Tulsa Desk and Derrick Club will feature a discussion on Seismicity in Oklahoma: A Scientifically Informed Status Update. Dr. Kyle E. Murray of the Oklahoma Geological Survey will present the discussion at the Nov. 8 luncheon at the Summit Club in downtown Tulsa. His discussion and …

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FCC Chairman Confirmed With Support of Sen. Inhofe

Federal Communications Commission Chairman Ajit Pai was confirmed Monday by the U.S. Senate for another five-year term on the telecommunications regulatory panel. The vote was 52-41 with Sen. Jim Inhofe supporting Pai. “As chairman of the FCC, Ajit Pai has demonstrated solid leadership by promoting effective, light-touch regulations and enacting meaningful reforms to promote transparency,” …

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Local Transportation Coalition Seeks Protection of Bridge and Highway Funding

The president of Transportation Revenues Used Strictly For Transportation (TRUST), an advocacy group dedicated to funding and restoring Oklahoma’s infrastructure, pressed the Oklahoma Legislature to protect highway and bridge funding during the special session. Neal McCaleb’s dedication to public service is unmatched among past state leaders. McCaleb served as a former state representative prior to …

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Crude Oil Futures Lose Ground on Monday as OPEC Compliance Drops to 86% for September

Crude oil futures dropped to the lowest settlement in more than a week on Monday, as data suggested a double-digit decline in OPEC’s compliance with the production curb agreement, according to Bloomberg MarketWatch. November West Texas Intermediate crude plunged $1.09, or 2.1%, to settle at $50.58 a barrel on the New York Mercantile Exchange. December …

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Completion Reports October 3, 2017

  GRADY COUNTY Marathon Oil Company Chester(13030): Oil 273 Gas 311 Water 775 Flow 27 4N 5W Marie 0405 3-27sh, August 08, 2017 HH, OIL, TD: 18023 ft Lat: 34.78385, Long: -97.71586 API: 35051240860001 Marathon Oil Company Chester(13030): Oil 456 Gas 576 Water 456 Flow 27 4N 5W Marie 0405 4-27sh, August 06, 2017 HH, OIL, TD: 17915 ft Lat: 34.78385, Long: -97.71593 API: 35051240870001 LINCOLN COUNTY …

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