September 13, 2018 archive

Pruitt to be consultant to Tulsa-based coal company?

Former EPA Administrator Scott Pruitt is looking no further than his hometown of Tulsa for a new job. He is said to be in talks with Tulsa-based Alliance Resource Partners to be a consultant.  The firm’s chief executive is Joseph W. Craft III, a man described by the New York Times as a “Kentucky coal …

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Oil and gas industry is nervous in Colorado

A report by one capital advising firm indicates Colorado’s Initiative 97 is causing unease in the oil and gas industry and if approved, it could affect mid-stream operators and oil movement into Oklahoma. One Oklahoma company says it already has. East Daley Capital Advisors, Inc. released the report this week indicating the potential impact of …

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Xcel Energy announces ‘beyond line of sight’ drone inspections

Xcel Energy, the Minneapolis, Minnesota based company with power operations in the Oklahoma Panhandle announced it has started operating drones beyond the line of sight in carrying out inspections of transmission lines. The drone work is being done near Denver, Colorado and is considered to be one of the most significant advancements of unmanned aircraft. …

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Texas firm gets contract to continue management of US Strategic Oil Reserve

As Hurricane Florence takes aim on North Carolina, it’s a reminder that the nation’s Strategic Petroleum Reserve was once used following the 2005 Hurricane Katrina. This week, the Department of Energy announced it exercised its option to extend a $2 billion contract for a Texas firm to manage the Reserve which consists of oil stored …

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Refinery operator announces $1 billion share repurchase program

HollyFrontier Corporation, the Dallas firm with refinery operations in Oklahoma, Kansas and other states announced its Board of Directors has okayed a $1 billion share repurchase program. The authorization replaces all existing share repurchase authorizations of which there was approximately $43.6 million remaining after the company purchased 1.2 million shares to date in the third …

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Linn Energy’s success in Grady County

Late completion reports filed by Linn Energy show the company with four successful oil wells in Grady County. The wells are located between the Bridge Creek community and the town of Tuttle. The largest, Collins 15-9-5 1H was completed in December 2017 with production of 957 barrels of oil a day along with 2,217 Mcf …

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Completion reports for Sept. 12, 2018

Completion reports issued on Sept. 12, 2018   CANADIAN COUNTY Marathon Oil Company Mississippian(8952): Oil 561 Gas 884 Water 825 Flow 9 13N 7W Siegrist 1307 4-9mh, May 14, 2018 HH, OIL, TD: 14168 ft Lat: 35.62343, Long: -97.94212 API: 35017251280001 GRADY COUNTY Linn Operating Llc Mississippi Lime: Oil 957 Gas 2217 Water 2466 Flow 14 9N 5W Collins 15-9-5 1h, December 18, 2017 HH, OIL, …

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Permits to drill issued on Sept. 12, 2018

Permits to drill issued on Sept. 12, 2018 Alfalfa County LK CATTLE 31-27-12 #2H, September 12 2018 31 27N 12W NWNWNENW API: 00323336 Lat: 36.78216381498348, Long: -98.53562312371015 BCE-MACH LLC HH, DR, 10473 ft, MISSISSIPPIAN(5535) Alfalfa County LODGE 29-27-10 #2H, September 12 2018 29 27N 10W NWNWNWNE API: 00323338 Lat: 36.79649427097964, Long: -98.29737574026042 BCE-MACH LLC HH, DR, 10550 …

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Could storms bring rain to Oklahoma and affect energy operations?

While Hurricane Florence leaves East Coast authorities wondering about the extent of damage she’ll cause, Oklahoma weather experts are keeping an eye on two other storms. They’re wondering if the state will get any rain out of them. Gary McManus, State Climatologist with the Oklahoma Mesonet suggests the state could get rain and certainly impact …

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Devon declares quarterly dividend

An 8-cent-a-share dividend was declared this week by Oklahoma City’s Devon Energy Corp. The quarterly dividend is on Devon’s common stock for the fourth quarter of 2018. It will be payable on Dec. 28, 2018 at a rate of $0.08 per share based on a record date of Dec. 14, 2018.