October 18, 2018 archive

Lankford says Saudis’ warning of $200 oil is an ‘idle threat’

An idle threat. It’s what U.S. Sen. James Lankford says of the warning by the Saudi Arabian government that it would drive up the price of oil to $200 a barrel if the U.S. were to implement sanctions over the disappearance and suspected murder of Washington Post columnist Jamal Khashoggi. “At some point, the Saudi …

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Weather experts study radar interference caused by wind farms

It’s a problem that even KWTV chief meteorologist David Payne has experienced—radar interference caused by wind farms in Oklahoma. It’s especially critical when Payne and his experienced team of storm trackers are chasing and monitoring what can be dangerous and even deadly thunderstorms and tornadoes.  When storm move over areas with wind turbines, it results …

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New PSO President speaks of making adjustments as new leader

A talk with the new president of Public Service Company of Oklahoma. Peggy Simmons took over the leadership of PSO in September, replacing Stuart Solomon who held the job for the past 14 years. This week, she talked with reporter Jack Money at the Oklahoman. Read his story by clicking here.  

State Wildlife Department returning to former State Capitol offices

After being closed for renovations for the past few years, the state capitol building housing the Oklahoma Department of Wildlife Conservation will finally be open to the public. The official opening of the office building at 1801 N. Lincoln will be Monday, Oct. 22. News 9’s Lacie Lowry got a glimpse. “The new offices look …

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3Q dividend declared by Phillips 66 Partners

Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2018 cash distribution of $0.792 per common unit. This quarter’s distribution represents an increase of 5.3 percent over the previous quarterly distribution of $0.752 per unit and a 22.6 percent increase over third-quarter 2017. The distribution increase is …

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Earthstone Energy acquires Sabalo Holdings in $950 million deal

Another takeover in the oil and gas industry. Earthstone Energy, Inc. announced its $950 million acquisition of Sabalo Holdings, LLC based in Corpus Christi, Texas. The deal includes nearly 21,000 acres in the Midland  Basin as well as 488 gross operated horizontal drilling locations and another 349 non-operated locations. Earthstone acquired the assets with $650 …

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Interim legislative study focuses on energy taxes in Oklahoma

There’s just no letup in the political battle over whether the gross production tax on oil and gas in Oklahoma should be raised to a full 7 percent. Democratic candidate for governor Drew Edmondson is campaigning to increase the GPT while Republican Kevin Stitt is against it. So one legislator wants to learn more details …

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Oklahoma begins two new environmental programs using funds from settlement over VW emissions scandal

Using money from its share of the VW emissions scandal lawsuit settlement, the state’s unveiled two new environmental programs. The Oklahoma Department of Environmental Quality announced the availability of funding from two programs, the Oklahoma Clean Diesel Program (DERA) and the Alternative Fuel School Bus Program, to be spent towards reducing vehicle emissions in the …

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Oil-rich zone between Watonga and Kinfisher targeted by two exploration companies

More multi-well pad sites will be drilled in Oklahoma’s STACK play according to permits to drill issued this week by the Oklahoma Corporation Commission. Tulsa-based Pride Energy Co. is planning five wells at one pad site in Blaine County. Located in the oil and gas rich area between Watonga and Kingfisher, the Red Land #3, …

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Permits to drill for Oct. 17, 2018

Permits to drill for Oct. 17, 2018. Blaine County RED LAND #7-35H, October 17 2018 35 17N 10W SWSESESW API: 01124107 Lat: 35.89933142763569, Long: -98.23869613429237 PRIDE ENERGY COMPANY HH, DR, 14486 ft, MERAMEC(9255) Blaine County RED LAND #6-35H, October 17 2018 35 17N 10W SWSESESW API: 01124106 Lat: 35.89933143147023, Long: -98.23876365907743 PRIDE ENERGY COMPANY HH, DR, 14510 …

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