November 21, 2018 archive

Rig counts dropped in Oklahoma and across the nation

Both Oklahoma and the U.S. dropped in the number of active oil and gas rigs in the past abbreviated week, according to Baker Hughes Co. which released the figures two days earlier than normal because of the Thanksgiving holiday. Oklahoma’s count dropped two to hit 144 rigs while the national count fell by three to …

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Former electric cooperative CEO got $1.1 million severance

Members of the Pedernales Electric Cooperative based in Texas got the shocking news this week….their former chief executive got a $1.1 million severance payment when he resigned over a racial controversy at the utility. John D. Hewa had been CEO at the utility since 2013 when he resigned last year following claims of racial discrimination …

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ONEOK’s $1.5 billion loan is with a Japanese bank

Tulsa-based ONEOK has revealed details of its $1.5 billion loan agreement announced this week with a lender. In a Wednesday filing made with the Securities and Exchange Commission, the energy company said the three-year agreement was made with Mizuho Bank, Ltd. The agreement was reached Nov. 19, 2018 and will provide money for working capital, …

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Two with energy and transportation experience are part of Gov. Stitt’s “Oklahoma Turnaround” team

Oklahoma Governor-elect Kevin Stitt has added nine more individuals to his “Oklahoma Turnaround” team including a man with many years of experience as a highway contractor. Robert L. Cummins, Jr. has spent 27 years in the highway construction industry and is president of The Cummins Construction Company based in Enid. He has held the President’s …

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Federal judge sides with PetroChem in age discrimination lawsuit

A Federal Judge in Tulsa has ruled against a man who contended he was discriminated against because of his  age when he was let go two years ago by PetroChem Development Company. U.S. District Judge Gregory K. Frizzell granted a summary judgment request by PetroChem in the lawsuit filed by David Dormont. Dormont had worked …

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Enable loses Appeals Court fight over Caddo County trespassing claim

A several-year long fight over trespassing claims leveled against Enable Oklahoma Intrastate Transmission company by tribal owners in western Oklahoma has resulted in another loss for the company. The U.S. 10th Circuit Court of Appeals ruled against Enable’s appeal of an Oklahoma City Federal Judge’s ruling in a fight that started in 2002 when Enable …

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STACK continues to draw interest from oil and gas drillers

It’s been a slow week for drilling permits and completion reports in Oklahoma. No completion reports were filed Monday and Tuesday with the Oklahoma Corporation Commission which was unusual. But there is still interest in the STACK play. Devon Energy filed four requests  on Tuesday for permits to drill in Blaine County. The company’s request …

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Permits to drill for Nov. 20, 2018

Permits to drill for Nov. 20, 2018.   Blaine County CENTAUR 7_6-15N-10W #4HX, November 20 2018 07 15N 10W SESESWSE API: 01124127 Lat: 35.78395789358084, Long: -98.30082242482152 DEVON ENERGY PRODUCTION CO LP HH, DR, 20963 ft, MISSISSIPPIAN(10845), WOODFORD(11415) Blaine County CENTAUR 7_6-15N-10W #2HX, November 20 2018 07 15N 10W SESWSWSW API: 01124126 Lat: 35.78397171180496, Long: -98.31175930153114 DEVON ENERGY …

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Completion reports for Nov. 20, 2018

Completion reports for Nov. 20, 2018.   None were processed.

Texas company’s drilling request fought by some New Mexico leaders

Oil and gas regulators in New Mexico are under growing pressure to delay a decision on a move by a Texas company seeking an easing of restrictions on well locations in the San Juan Basin. Among those applying the pressure is Congresswoman Lujan Grisham who was recently elected New Mexico Governor and will begin her …

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