March 15, 2019 archive

FERC to open Houston office to deal with growing LNG applications

So many applications have been made by firms wanting to ship LNG overseas that the Federal Energy Regulatory Commission plans to open an office in Houston. FERC Chairman Neil Chatterjee told those attending the Cambridge Energy Research Associates week conference in Houston the new office will deal with its LNG backlog. As POLITICO’s Morning Energy …

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Oil and gas rig numbers declined in Oklahoma and the U.S.

Oklahoma’s oil and gas rig count took a nose dive in the past week as the state lost 5 rigs while the nationwide count slipped one. Oklahoma’s count fell to 111 active rigs compared to 124 a year ago this week. Nationally, the count dropped to 1,026. The U.S. count included a drop of one …

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Oil company leader named as Governor’s Secretary of Health and Mental Health

S Oklahoma Gov. Kevin Stitt has named oil company leader Jerome Loughridge to be his new Secretary of Health and Mental Health. Loughridge is president of Great Plains Oilfield Rental based in El Reno. He also has worked as a White House Fellow and as a special assistant in the Office of the Secretary of …

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Chesapeake Energy loses another royalty fight in Texas

Oklahoma City’s Chesapeake Exploration LLC has lost a major royalty battle in south Texas where it had been sued boy several royalty owners of mineral leases. The Fourth Court of Appeals in San Antonio reversed a lower court ruling and said Chesapeake should have paid a penalty for underpaying tens of millions of dollars in …

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Pipeline operator extends open season to move oil to Cushing

Crude oil pipeline operator Tallgrass Energy, LP in Kansas City has extended its open season as it seeks more commitments to move oil out of Wyoming and Colorado to the Cushing, Oklahoma hub. Much of the oil in question is coming out of the Powder River Basin that reaches into both states. The season applies …

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Chaparral Energy increases STACK production, cuts costs and improves 2018 earnings

Oklahoma City’s Chaparral Energy, Inc. reported a 52% increase in its STACK production in 2018 compared to the previous year. It totaled 14.5 thousand barrels of oil equivalent a day. At the same time, the company reported 2018 net income of $33.4 million or 73 cents per diluted share. Its full year 2018 full year …

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Mineral rights protection bill awaits vote in Senate

A legislator’s bill designed to protect mineral rights owners from cities and counties that might attempt a ban on drilling awaits a vote this week in the Oklahoma Senate. House Bill 2150 was sent to the Senate this past week following approval on a 64 to 32 vote. The measure has had its first reading …

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Completion reports for March 14, 2019

Completion reports filed on March 14, 2019. completions: none were processed today

Permits to drill for March 14, 2019

Permits to drill issued on March 14, 2019. Canadian County TATER 27-34-11-6 #2MXH, March 14 2019 27 11N 6W NWNWNENE API: 01725410 Lat: 35.40544047063815, Long: -97.81737230942039 ROAN RESOURCES LLC HH, DR, 19634 ft, MISSISSIPPIAN(9074) Carter County AUGUSTUS #6-22-27XH, March 14 2019 22 1S 3W SENENWNW API: 01926317 Lat: 34.4623555604578, Long: -97.50566385491034 ECHO E & P LLC HH, …

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