July 19, 2018 archive

Drillers intent on exploration in Kingfisher county

The latest completion reports made available by the Oklahoma Corporation Commission (see OK Energy Today) show at least one large gas well in Grady County. Gulfport Mid-Con Co. of Oklahoma City drilled the well 3 miles south of Alex in the Woodford play. The North Cheyenne 4-10X3H had production of 10,620 Mdf of gas a …

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Permits to drill July 12-18

This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between July 12th and close of business on July 18th.  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 12-18

Here is the Weekly Completions Report.  The table below provides a summary of the Completion tickets (Form 1002A) that were published between July 12th and close of business on July 18th. 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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Chaparral Energy to move trading to New York Stock Exchange

Oklahoma City-based Chaparral Energy, Inc. announced Thursday it will soon be listed on the New York Stock Exchange. The move of Chaparral’s Class A common stock from the OTCQB or stocks trading over-the-counter will be July 24. Trading will be under the new ticker symbol “CHAP.” Upon the opening of the NYSE trading, the company’s …

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Texas about to become world’s 3rd largest oil producer

Oklahoma energy companies taking part in the oil exploration of the Permian Basin in West Texas can take some of the credit that Texas is about to become the third-largest oil producing region in the world. The state is ready to move past Iraq and Iran and trail only Russia and Saudi Arabia. While much …

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Baker Hughes unloads its natural gas solutions business

Baker Hughes, the company that offers drilling rig counts and of course well services announced this week it is selling its natural gas solutions business for $375 million. The buyer is a private equity firm and an Italian company. The segment that makes gas meters and pipeline repair products had previously been acquired in 2011 …

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$600 million Oklahoma writedown hurt Kinder Morgan

Houston’s pipeline company Kinder Morgan says its $180 million net loss for the second quarter was driven by a drop in the value of its pipeline and gathering facilities in Oklahoma. The company said the writedown in the Oklahoma value was $600 million. Total impairments came to $750 million and prevented the firm from making …

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Living in the country means higher energy bills

If you live in the country, chances are you are spending more on energy bills than your neighbors in nearby towns and cities. It’s the finding of a study by the American Council for an Energy-Efficient Economy and the Energy Efficiency for All Coalition. The report indicated rural households spend about 40% more than their …

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Lawsuit over Wichita Tribal History Center is dismissed

    The judge’s gavel has come down in  lawsuit filed by the Caddo Nation of Oklahoma over a Wichita Tribal History Center and it has been dismissed by an Oklahoma City federal judge. U.S. District Judge Joe Heaton dismissed the suit because the history center is completed. The Caddo Nation originally filed suit contending …

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Another dividend increase announced by Phillips 66 Partners

Phillips 66 Partners LP announced a slight increase in its second-quarter 2018 cash distribution. The $0.752 dividend issued for each common unit represented a 5.3 percent increase over the previous quarterly distribution of 71 cents a unit. It was also a 22.3 percent jump over the second quarter of 2017. Company leaders in Houston said …

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