December 2017 archive

SandRidge Bows to Pressure—-Cancels Merger With Bonanza Creek Energy

It was short and sweet!  SandRidge Energy’s message of canceling its proposed $742 million merger with Bonanza Creek Energy of Denver, Colorado. The reason? Too much opposition from Carl Icahn and another big investor, Fir Tree Energy in New York City. Icahn and his companies control 13.5 percent of SandRidge stock while Fir Tree has …

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Single Digit Weather to Return to State New Year’s Day

Brace for a bitterly cold New Year’s Eve and Day.  Temperatures will drop to the single digits in a large part of the state of Oklahoma. In the words of State Climatologist Gary McManus at the Oklahoma Mesonet, “Mother Nature is saving the best (worst) for last AND first with another blast of the North …

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BLM Asked to Limit Oil and Gas Drilling in New Mexico’s Chaco Park Region

Democrats in New Mexico’s congressional delegation are making a renewed push to put limits on drilling of federal land in the northwest corner of their state. They want to protect archaeological and cultural sites in the region. U.S. Sens. Tom Udall and Martin Heinrich and Reps. Ben Ray Lujan and Michelle Lujan Grisham sent a …

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Permits to Drill Dec. 21-27, 2017

COUNTY Well name Operator HOLE PERMIT SCTN TWN RNG SPOT Approval Date Scan Date API Document Kingfisher  BULLIS 1-17-7 1HC CHESAPEAKE OPERATING HH DR 1 17N 7W SE SW SW SE Dec-21-2017 Dec-21-2017 07325870 500625455 Kingfisher  HORNED FROG SWD #1 CHISHOLM OIL & GAS O HH DR 1 18N 6W NW NW NW SW Dec-21-2017 …

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Completions for Dec. 21-27

  COUNTY Well name OPERATOR SCTN TWN RNG SPOT Completion Date Oil Gas Water Scan Date API Document Grady  SCHMIDT 1-10H UNIT PETROLEUM COMPA 10 6N 8W NE SE SW SW Nov-21-2017 832 835 1313 Dec-27-2017 05124188 500625810 Kingfisher  JANE 1509 1H-17 NEWFIELD EXPLORATION 16 15N 9W SW SW SW SW May-23-2017 346 3880 535 …

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Attorney General Asks for Rate Reductions at 5 Utilities

Weeks after Oklahoma Corporation Commissioner Bob Anthony called for rate reductions at utilities because of the new tax reforms, Attorney General Mike Hunter took action to do just that. Hunter filed five motions with the Commission asking for an immediate reduction in customer rates from the state’s leading utility companies. His move came after Commissioner …

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OGE Sends Trucks to Puerto Rico

Never any rest for a lineman.  And that’s just what OG and E crews confirmed this week as a convoy of 50 trucks left for Lake Charles, Louisiana to eventually be shipped by barge to Puerto Rico. Puerto Rico still has major power issues following this past fall’s hurricane Maria. Crews from Oklahoma Gas and …

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Oklahoma Gasoline Prices Hit $2.19 a Gallon

Low gasoline prices in Oklahoma will continue into the New Year’s weekend as they average $2.19 a gallon, fifth lowest in the country. AAA Oklahoma says the national average is $2.44 a gallon, up two cents from a week ago. The cheapest gasoline is in Alabama where the average is $2.17. Most expensive is Hawaii …

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Lawsuit Over Failed 2015 Merger of Williams and ETE to Go to Trial

Energy Transfer Equity’s failed 2015 merger with The Williams Cos. in Tulsa has come back to bite the Dallas-based company in the back. A lawsuit filed in April 2016 by Kessler Topaz on behalf of common unitholders of ETE is set to go to trial in Delaware. It is scheduled in February of 2018.  The …

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4Q Results to be Released Feb 2 by Phillips 66

Phillips 66 with its heavy interest in Oklahoma plans to announce its fourth quarter 2017 financial results in a little more than one month. Executive management will host a conference call at 11 a.m.on Friday, Feb 2, 2018 to discuss the results which will be released earlier in the day. They will also provide an …

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