June 22, 2018 archive

Devon Energy leaders hoping for more “monster” wells in the Delaware

Monster wells in Oklahoma’s STACK have had production of nearly 3,000 to 4,000 barrels of oil a day, but Oklahoma City’s Devon Energy is dealing with “real” monster wells producing more than 12,000 barrels of oil a day in the Delaware Basin in Texas. And the company believes it has more of the wells in …

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AG joins city of Bixby in opposing PSO transmission lines from Wind Catcher project

Oklahoma Attorney General Mike Hunter has taken his opposition to the giant Wind Catcher Wind farm in the Panhandle another step, this time filing a motion in support of the city of Bixby and its opposition to the project’s transmission lines. Hunter filed a motion with the Oklahoma Corporation Commission supporting Bixby’s opposition after Public …

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Tulsa’s PennWell company laying off more than 100 workers worldwide

Almost as old as the State of Oklahoma, Tulsa-based PennWell, a publishing and conference marketing firm is laying off at least 130 employees. The company said staffing levels will go from 470 around the world to about 340. The loss of 130 jobs includes at least 100 in Tulsa. The layoffs come just months after …

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Anadarko Basin has its share of DUCs

The Permian Basin isn’t the only oil and gas sector where the number of drilled but uncompleted wells is an issue. The Anadarko basin in Oklahoma and the Texas Panhandle have also experienced high numbers of unfracked wells although there was a slight drop in the numbers from April 2018 to May 2018. The U.S. …

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Lack of Permian Basin pipeline leads to growing number of unfracked wells

The number of unfracked wells is growing in the Permian Basin, thanks to a shortage of pipelines to haul the crude oil to refineries on the Gulf Coast. And reports suggest the record pace of drillers quitting new wells isn’t letting up. Bloomberg News reports the number of drilled Permian wells that were left unfinished …

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Water Resources Board okays $57 million in loans and grants

The Oklahoma Water Resources Board has recently approved 6 loans and 4 grants totaling $56.6 million for water and wastewater infrastructure improvements for: Town of Adair – $99,900 REAP Grant for water line replacement Bromide Public Works Authority- $99,999 REAP Grant for sewer system rehab Canadian County Rural Water & Sewer District No. 5 – $1,161,000 …

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Nine Energy leader honored for energy leadership

The head of Nine Energy Service, Inc. a Houston firm with operations in Oklahoma’s STACK and SCOOP plays has been selected for honors. Ann Fox, president and CEO of the company was named winner of the Ernst and Young Entrepreneur of the Year Award in the Gulf Coast area for energy. The award recognizes entrepreneurs …

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Phillips 66 Partners to release 2Q earnings

We’ll learn the second quarter 2018 financial results of Phillips 66 Partners next month. The Houston-based company plans to unveil them on Friday, July 27 then hold a conference call webcast at 1 p.m. central time. Company management will also provide an update on strategic initiatives.

Clean Energy Fuel Corp. expands CNG operations in Kansas City area

Clean Energy Fuel Corp., the California company with at least two CNG refueling stations in Oklahoma City opened its latest project in Olathe, Kansas. The $4 million project was funded by the city of Olathe and Johnson County where both are switching to compressed natural gas to power 50 city refuse trucks and 120 county …

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Oklahoma GOP Rep. Russell joined Democrats in defeating hard-line immigration bill

  The energy industry and employment go hand in hand.  You can’t have one without the other.  It’s why the immigration issue has become important to the nation’s economy. This past week, the U.S. House voted down a hard-line immigrant bill and Oklahoma Rep. Steve Russell was one of those who made an impassioned plea …

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