January 2018 archive

Leadership Class to Learn About Oil and Gas Issues

Issues facing the oil and gas industry in Oklahoma will be explored next week when Leadership Oklahoma, Class 31 will spend a few days in Oklahoma City. The approximately 50 members of the class will visit the city Jan. 11-13 learning more about state government but will also explore issues facing the state’s oil and …

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New Mexico Capitalizes on Permian Basin Energy Operations, Surge in State Revenue

Need further proof that the nation’s energy sector is improving? Look no further than the Land of Enchantment. That’s largely due to massive pumping operations in the Permian Basin. According to the state’s oil and gas association, New Mexico surpassed Oklahoma and California in September and October to become the third-largest producer in the nation. …

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OCC to Hear AG’s Motions to Pass Tax Break to Utility Customers

The Oklahoma Corporation Commission will get down to business on Thursday morning as the regulatory agency is expected to hear five motions from the state’s top legal eagle. Oklahoma Attorney General Mike Hunter is seeking a rate reduction from several utility companies including Public Service Company of Oklahoma, Oklahoma Natural Gas, Oklahoma Gas & Electric, …

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ALJ Splits Decision on Grady County Well Site Safety Citations

An Occupational Safety and Health Review Commission administrative law judge issued a final order on Friday partially affirming a safety citation against an Oklahoma energy company while vacating another, according to a Wednesday news report by Business Insurance. The decision against Elk City-based Bronco Oilfield Services Inc. stems from a January 2016 regional inspection of …

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AAA Oklahoma: State Gas Prices Among Lowest in the Nation

Despite the national gas price average rising to $2.49 – the most expensive average at the beginning of a new year since 2014 — Oklahoma maintains one of the lowest average rates at 2.22 a gallon, 27 cents less than the national average. High travel volumes over the holidays drove gas prices up five cents …

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Nuclear Regulatory Commission Advisory Group Elects Three Members

Three members of the Nuclear Regulatory Commission’s Advisory Committee on Reactor Safeguards (ACRS) were recently elected to leadership roles, according to a press release issued on Tuesday. Michael Corradini will serve as Chairman. Dr. Corradini is a professor in the Nuclear Engineering and Engineering Physics program at the University of Wisconsin. He is also the …

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Donnie Moore Named as New COO for Gulfport Energy Corporation

A new Chief Operating Officer has been named at Gulfport Energy Corporation in Oklahoma City, according to a company press release issued on Tuesday. Donnie Moore will take over his new duties effective January 8, 2018. Moore joins Gulfport from Noble Energy, Inc., where he most recently served as Vice President of Noble’s Texas operations …

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Another Quake Shakes Town of Marshall

For the second time in two weeks, a strong earthquake has rattled the northwest Oklahoma area around the Logan County town of Marshall. The late Tuesday morning earthquake measured 3.5 magnitude and had an epicenter about two and a half miles southwest of the town which would put it in Kingfisher County.  The depth was …

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NGL Moves Forward With Debt Reduction After Pipeline Sale

Tulsa-based NGL Energy Partners LP announced this week it has completed part of its deleveraging plan using the $300 million in proceeds received from the sale of its 50% interest in Glass Mountain Pipeline LLC. The resulting debt reduction includes a prepayment in full of all its 6.65% senior secured notes due June 19, 2022. The …

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Dallas Energy Firm Delisted From NYSE as Troubles Grow

All is not good in the oil patch for some firms such as Dallas based EXCO Resources. It has been delisted from trading at the New York Stock Exchange. Known for its oil and gas exploration in the Eagle Ford Shale, EXCO has started trading on the OTC Pink Marketplace. The New York Stock Exchange …

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