July 12, 2018 archive

Dallas energy firm strikes it big with natural gas well in Oklahoma Panhandle

A Dallas, Texas company has struck it big in Oklahoma’s Panhandle by reworking a 55-year old vertical well and finding a gas goldmine. Merit Energy returned the  status to gas of the Simmons C 1, 26 6N 12 E, located only 3 miles south of the Kansas state line and the well is producing 55,000 …

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Permits to drill July 5-11

This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between July 5th and close of business on July 11th.  There are two links on each line: – The SPOT link will take you to the well location on Google Maps.  So, if you need it, this will …

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Completion reports for July 5-11

Here is the Weekly Completions Report.  The table below provides a summary of the Completion tickets (Form 1002A) that were published between July 5th and close of business on July 11th. The table includes the Initial Production data for Oil (b/d), Gas (MCF/d) and Water (b/d). There are two links in the table: – The SPOT link …

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Oil and gas groups work to protect night sky for West Texas observatory

The famous University of Texas at Austin’s McDonald Observatory located in far West Texas has joined forces with oil and gas groups in the Permian Basin to make sure lights from drilling rigs don’t affect the night sky and the ability of the Observatory to see it. The observatory made the deal with the Permian …

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Federal prison time for Dakota Access pipeline protester

A Colorado woman who fired a gun during the 2016 Dakota Access oil pipeline protests in North Dakota is headed to prison. Red Fawn Fallis, 39 was sentenced Wednesday to four years and nine months in federal prison. It was Oct. 27, 2016 as she resisted arrest that Fallis fired a handgun three times. A …

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Senator Lankford says Oklahomans are being hurt in trade war

Start settling some of these agreements. It’s the advice Oklahoma U.S. Sen. James Lankford is telling the Trump administration as the tariff war waged by the President is harming businesses in Oklahoma and the rest of the country. “I can’t tell when it will end,” said the Senator in an interview with OK Energy Today.  …

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Permian Basin pipeline demand prompts company to change plans

Trying to take advantage of the massive crude oil production in the Permian Basin, another West Texas pipeline and storage company is expanding a pipeline that’s already under construction. Oryx Midstream Services II, based in Midland, Texas announced it will add 180 miles to the regional crude oil system that’s being built. When it’s finished, …

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ONEOK to release earnings report end of July

ONEOK plans to release its second quarter 2018 earnings on July 31. The release will be made after the closing of the markets.  Then the next day, Aug. 1 at 10 a.m. Central Time, company executives will take part in a conference call. The company’s first-quarter 2018 financial results saw growth as the company credited …

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ConocoPhillips expands board of directors with new appointee

The board of directors at ConocoPhillips has been expanded with this week’s election of Jeffrey A. Joerres to the board. He was chief executive office of Manpower Group Inc. from 1999 to 2014 and was chairman of the board from 2001 to 2014. Joerres joined Manpower Group in 1993 and was vice president of Marketing …

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Quarterly dividend reported by ConocoPhillilps

  ConocoPhillips is reporting a quarterly dividend of 28.5 cents a share. The company said it will be payable Sept. 4, 2018 to stockholders of record at the close of business on July 23, 2018.