October 10, 2018 archive

Oil and Gas Expo at OKC’s State Fairgrounds

The 22nd OERB “Oil and Gas Expo” will be held Thursday at the state fairgrounds in Oklahoma City and a record attendance is expected. Already, more than 3,850 had pre-registered for the day-long event that features the latest in technology in the oil  and gas industry as well as related manufacturing. The Expo is sponsored …

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Chaparral Energy takes Canadian county to court

Chaparral Energy is taking Canadian County Commissioners to court in a fight over county land where it wants to drill an oil and gas well. In a suit filed this month in Canadian County District Court,  (CV-2018-325) the Oklahoma City energy company wants the court to appoint three appraisers to determine the amount of damages …

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Colorado coal company files bankruptcy protection with more than $1 billion in debts

A major Colorado-based coal-mining company with 3,000 employees has filed bankruptcy with $1.4 billion in debts. Westmoreland Coal Co., described as the sixth-largest coal-mining company in the U.S.,  announced Tuesday it had filed Chapter 11 bankruptcy. The firm, with 19 mines in six states and Canada said it had entered a restructuring agreement with lenders. …

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Production of lighter crude oil is on the increase in the U.S.

We’re seeing more and more production of lighter crude oil in the U.S. according to the U.S. Energy Information Administration….that is…oil with a lower density. The EIA’s “Today in Energy” report indicated the average API gravity, which is the measure of a crude oil’s density increased in 2017 and through the first half of 2018. …

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Are Permian Basin wells drying up faster than predicted?

A new report suggests some of the older oil wells in the Permian Basin of West Texas and New Mexico might be drying up faster than some thought would happen. The study by Wood Mackenzie Ltd. showed some maturing wells in parts of the Permian’s Wolfcamp shale lost nearly 15 percent of output annual five …

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Wage fight allowed to move ahead in Texas against Chesapeake Energy

Chesapeake Energy finds itself in a continuing lawsuit over wages in a South Texas federal court. U.S. District Judge Royce C. Lamberth in San Antonio is allowing two former Chesapeake workers push ahead with their suit even though they failed to respond to a legal motion by Chesapeake. Chad Burns and David Torres convinced the …

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ONEOK to release 3Q earnings report

ONEOK will release third-quarter 2018 earnings after the market closes on Oct. 30, 2018. ONEOK’s executive management will participate in a conference call the following day at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time) on Oct. 31, 2018. The call also will be carried live on ONEOK’s website.

Trump orders year-round availability of E15 biofuel

Iowa corn farmers get their wish from President Trump. As a result, E15 will be available year-round at gas pumps in Oklahoma and the rest of the country. He has ordered the acting EPA administrator Andrew Wheeler to begin lifting the summertime ban on the sale of E15, the gasoline-biofuel blend. The President carried the …

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Newest Oklahoma wind farm data is available from government websites

A new map has been released displaying wind farm development across the U.S. The U.S. Wind Turbine Database is a continuously updated data portal of U.S. wind turbine locations and characteristics. Wind farms across Oklahoma, Texas and other states are easily displayed as a result of the map developed through a partnership of the U.S. …

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Storms result in state of emergency declared for Oklahoma

The flooding of the past several days along with tornadoes that left damage in the central and northeast parts of the state prompted Gov. Mary Fallin on Tuesday to declare a state of emergency in all 77 counties. The storm system has delivered widespread heavy rain and high winds across much of the state since …

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