February 2019 archive

U.S. January oil production set another record

  Oil production in January in the U.S. reached a record high of 12 million barrels of oil a day, up 90,000 bpd from December 2018. The U.S. Energy Information Administration called it another all-time U.S. oil output record, breaking the previous record of 11.91 MMbopd set in December. Last November, the EIA had estimated …

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Democrats in Colorado push for tighter controls over oil and gas industry

After Colorado voters rejected proposed tighter rules on oil and gas development last year, Democrats in the state plan to introduce legislation to carry out their targeting of the industry. Democratic leaders in the Colorado legislature say they will introduce what they call “sweeping” legislation to redefine the mission of the Colorado Oil and Gas …

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Higher profits reported by ONEOK

Tulsa-based ONEOK, Inc. reported higher fourth quarter and full-year 2018 earnings. Its 2018 net income was nearly $1.15 billion compared to $388 million in 2017. Fourth quarter earnings went up too, reaching $293 million, more than the $63 million reported in the fourth quarter of 2017. The company’s operating income for the year came to …

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Xcel Energy invests millions to help with power outages in Texas Panhandle

  Xcel Energy is putting more money into backup power in the Texas Panhandle, a move it says will help residents recover faster from power outages. Xcel announced recently it reached an agreement with North Plains Electric Co-Op to help with power restoration after storms or incidents. Excel Energy has more than 1,000 customers in …

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Water contamination forces New Mexico dairy farmer to dump milk and kill cattle

A New Mexico dairy farmer has been dumping 15,000 gallons of milk a day down the drain and faces putting all 4,000 of his cows to death—–because of contaminated water. Art Schaap of Clovis learned last summer that his water, his land and his crops were contaminated with chemicals that had migrated to his property …

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SEC filing by Chesapeake Energy

  A filing with the Securities and Exchange Commission shows Chesapeake Energy’s new board of directors member David W. Hayes acquiring new shares. The filing indicated he acquired 63,863 shares as a result of his selection to the company’s board of directors. Hayes was named earlier this month to the board. He earlier had been …

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Promotions announced at ONEOK

ONEOK announced this week some executive officer changes. Sheppard F. Miers III was named vice president of tax and risk. He had been the vice president and chief accounting officer, a position held since 2013.  Miers had previously been vice president and controller of ONEOK Partners, L.P. The company also named Mary M. Spears to …

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Oil leak under investigation at Okemah Lake

  The Oklahoma Corporation Commission indicated it is unsure when an oil spill or leak at Okemah Lake in eastern Oklahoma might be cleaned up. The oil reportedly spilled from an Enerfin Resources pipeline last week and drew the attention of the OCC. Reports indicate the cause of the oil spill is still under investigation. …

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Completion reports for February 25, 2019

Completion reports for Feb. 25, 2019. completions: none were processed today

Permits to drill for February 25, 2019

Permits to drill issued for Feb. 25, 2019. Canadian County SHASTA 1106 #4LMH-28, February 25 2019 21 11N 6W NESESWSW API: 01725395 Lat: 35.407869886602896, Long: -97.84440407510525 CHAPARRAL ENERGY LLC HH, DR, 14300 ft, MISSISSIPPIAN(9310) Garfield County BANYAN 2205 #1MOH-2, February 25 2019 11 22N 5W NENWNWNW API: 04725192 Lat: 36.40414173559139, Long: -97.70925698884612 CHAPARRAL ENERGY LLC HH, DR, …

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