December 26, 2017 archive

Democratic Attorneys General Ask Congress Not to Cut EPA Funding

A dozen Democratic attorneys general have written congressional leaders in opposition to what they call “deep and damaging proposed cuts” to the Environmental Protection Agency’s fiscal 2018 budget. Iowa Attorney General Tom Miller was one of the 12 who also wrote they were opposed to “the anti-environmental riders contained in the federal government appropriation legislation.” …

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STACK Targeted With More Drilling Permits

Oklahoma’s STACK oil play continues to be the target of some of the hottest drilling exploration. A listing of Permits to Drill released by the Oklahoma Corporation Commission reveals 7 more permits for Blaine County, 10 in Canadian County and 7 in Kingfisher County. Those three are the primary counties that make up the popular …

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Chesapeake Offers $30 million Settlement in Pennsylvania Royalty Lawsuits

A $30 million settlement offer is being made by Oklahoma City-based Chesapeake Energy to landowners in federal lawsuits in Pennsylvania. The lawsuits were filed in a fight over gas-royalty payments. Despite the settlement, Pennsylvania Attorney General Josh Shaprio says it really depends on bringing an end to a separate lawsuit against the Oklahoma company according …

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Viking Energy Wraps Up Another Acquisition

  Viking Energy Group, based in New York has finished another acquisition of an oil and gas company in the U.S. It was in early November when Viking announced it was acquiring the assets of a privately-owned company involving multiple oil and gas fields across Texas, Louisiana and Mississippi. The production totaled 350 BOE/d. The …

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$765 million Eagle Ford Asset Sale Announced

One of the latest south Texas oil and gas deals involves the $765 million sale of Eagle Ford shale holdings by Cabot Oil and Gas Corp. It’s selling 65,100 operated and 9,400 nonoperated acres to an affiliate of Venado Oil and Gas LLC of Austin. The holdings are located in the South Texas counties of …

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Number of New Global Oil Discoveries Continues Falling

The flow of oil out of Oklahoma’s STACK and SCOOP and the Permian basin in Texas has resulted in the need for more pipelines and truckers.  But one report says major oil discoveries are at their lowest levels in more than 70 years across the globe. The Houston Chronicle reports the year will end with …

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Trucker Shortage of 3,000 in the Permian Basin

The hottest oil play in the U.S.—-the Permian Basin in West Texas and southeast New Mexico is facing a shortage. Oil and gas companies can’t find enough truck drivers who haul off the giant finds of oil. Some say another 3,000 drivers are needed to combine with the 3,000 already there according to a report …

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Opposition Grows to Keystone XL Pipeline in Nebraska

While TransCanada is debating whether to call off the controversial Keystone XL pipeline or proceed with it, opponents are growing in their organized efforts. Bold Nebraska is one such group. Founded in 2010, it now says TransCanada faces three years or more of court challenges to the recent ruling by the Nebraska Public Service Commission …

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TransCanada Reconsiders Keystone XL Pipeline Following Nebraska Regulatory Vote

The recent decision by the Nebraska Public Service Commission to turn aside a request by the developer of the proposed Keystone XL pipeline leaves the issue in limbo…..and perhaps the pipeline too. TransCanada now says it wants to reconsider whether it might proceed with the $8 billion project or cancel it, according to a report …

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Oil Rig Count Holds Steady Across the U.S. and Slips in Oklahoma

The nation and Oklahoma saw little slack in oil and gas exploration during Christmas as the nation’s rig count grew by one to reach 931 while Oklahoma dropped by one to 120. Figures from Baker Hughes Co. and the Red Top Rig Report in Kansas indicated the national count showed the number of oil rigs …

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