August 15, 2018 archive

Corporation Commission to get update on state bankruptcy lawsuit against SandRidge Energy

A Thursday public meeting of the Oklahoma Corporation Commission might include discussion is expected to discussion  of the state’s lawsuit against Oklahoma City-based SandRidge Energy over its 2016 bankruptcy filing. The commission might hold an executive session to conduct confidential communications concerning the litigation which was filed in Houston, Texas where SandRidge filed bankruptcy two …

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Williams announces dividend

Williams’ board of directors has approved a regular dividend of $0.34 per share, or $1.36 annualized, on the company’s common stock, payable on Sept. 24, 2018, to holders of record at the close of business on Sept. 7, 2018. The new amount is a 13.33 percent increase from Williams’ third-quarter 2017 quarterly dividend of $0.30 …

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Oil and gas gross production revenues for July missed state government target

The Oklahoma government’s estimates of revenue collections in July came below the guess of the experts.  General Revenue Fund collections for the month totaled $449.1 million. They were also $37.8 million or 9.2% greater than July 2017. Gross production tax collections on oil and gas totaled $26.1 million but like the general revenue fund, were …

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OKC’s Antioch Energy sells water system in SE Oklahoma

Antioch Energy LLC (“Antioch”) announced today it has entered into agreements with an affiliate of WaterBridge Resources LLC (“WaterBridge”) that provide Antioch a cost-effective produced water handling solution and access to reliable capacity at economic rates. Antioch sold its existing produced water infrastructure in the Arkoma Stack to Houston-based WaterBridge, including approximately 40,000 bpd of …

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Kansas environmentalists accused of practicing law without a license

Efforts by two environmentalists to blame oil and gas exploration in the Flint Hills of Kansas for causing earthquakes have led to them being accused of practicing law without a license.  And both contend it’s retaliation by the Kansas Corporation Commission where they have appeared in their fight against wastewater disposal wells. The Topeka Capital …

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Texas rewrites lizard protection plan with hopes of avoiding federal intervention

The state of Texas is taking steps to improve its protections for the dunes sagebrush lizard, hoping it might prevent the federal government from moving in and taking far more restrictive action. State officials are rewriting the Texas Conservation Plan which was originally drawn up to avoid federal regulation over the little creature that is …

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Houston firm makes public offering to buy $215 million in holdings from Devon Energy

Hours after announcing it had paid $215 million for 9,600 net acres in the Delaware Basin sold by Oklahoma City’s Devon Energy, Houston-based Carrizo Oil and Gas saw a drop in trading of shares. It totaled 6.4 % and came as the company also announced it was launching a public offering of 9.5 million shares …

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NW Oklahoma’s frac sand plant close to beginning operations

Months after announcing plans to build a frac sand plant in northwest Oklahoma, Preferred Sands is close to opening operations, as witnessed by the attached pictures of the plant near Oakwood. It is located along the Northwest Highway  between Watonga and Woodward. As OK Energy Today reported in April, the Pennsylvania-based company intends to begin …

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Completion reports for August 14, 2018

CANADIAN COUNTY Roan Resources Llc Mississippian- Woodford: Oil 248 Gas 6673 Water 2319 Flow 32 11N 8W Vickrey 1h-32-5, October 18, 2017 HH, GAS, TD: 22079 ft Lat: 35.39160, Long: -98.07787 API: 35017250100000

Permits to drill for August 14, 2018

Alfalfa County FELLERS 31-28-11 #2H, August 14 2018 31 28N 11W N2N2NENW API: 00323328 Lat: 36.86914680341557, Long: -98.42504631285195 BCE-MACH LLC HH, DR, 9826 ft, MISSISSIPPIAN(5125) Alfalfa County SHARP 20-25-12 #2H, August 14 2018 20 25N 12W NWNWNENW API: 00323329 Lat: 36.63722961970027, Long: -98.51730450567531 BCE-MACH LLC HH, DR, 10786 ft, MISSISSIPPI LIME(6222) Blaine County RANDALL WHITE FEDERAL #1-19HM, …

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