May 2019 archive

AG threatens to shut down Enbridge pipeline in Lake Michigan

The Associated Press reports that Michigan Attorney General Dana Nessel said this she will move in June to shut a Great Lakes oil pipeline if the governor cannot reach a resolution with operator Enbridge, saying the state is in “great peril” the longer the oil continues to flow under a sensitive waterway. Nessel revealed her …

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Flooding in Oklahoma is affecting the crude oil market

Operators of the Blue Moon restaurant in Ponca City probably thought their place would be flooded only “once in a blue moon.” But the blue moon arrived this month and now the residents are under a life-threatening flood warning as the Arkansas River that makes a turn close to the city is well out of …

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Robot designed to carry out storage tank inspections

Robots do the dangerous work—so people don’t have to. It’s what a Houston company says about the autonomous robot it’s designed and tested to inspect storage tanks for oil and diesel. Veritank, Inc worked with Phillips 66 in successfully deploying the robot in the first in-service inspection of the interior of an aboveground diesel storage …

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Dividend declared by National Oilwell Varco after quarterly drop in earnings

With operations in Oklahoma as well as a subsidiary plant in Oklahoma City, National Oilwell Varco, Inc. announced a 5-cent a share dividend this week. The Houston-based company said its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock to be payable on June 28, 2019 to each …

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NGL reports quarterly income growth and drop in debt

Tulsa-based NGL Energy Partners LP announced its net income for the quarter that ended May 31 was $43.2 million including the $107.9 million gain on the sale of its South Pecos water disposal business. It’s also seeing a cut in company debt. Net income for Fiscal 2019 was $339.4 million compared to a net loss …

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Incredible pictures of flooding near Muskogee

The spread of the flooding over northern and eastern Oklahoma is hard to imagine, unless you see ‘before’ and ‘after’ pictures. News on 6 in Tulsa showed the scale of the flooding as indicated in pictures taken by Aerial Data Service Inc. Pictures taken by the company were from 8,000 feet. Aerial Data Service, Inc. …

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ONEOK extends revolving credit agreement

ONEOK, Inc. has made some changes in its $2.5 billion revolving credit agreement. In a filing with the Securities and Exchange Commission, the Tulsa-based company revealed an amendment and extension agreement with Citibank, N.A. . The company had previously made the credit agreement in April 2017 but this week extended the maturity date of the …

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Another Chesapeake executive acquires 50,000 shares

Another Securities and Exchange Commission filing by Chesapeake Energy Corporation was made this week. The latest showed an acquisition of 50,000 shares by James R. Webb who is the company’s Executive Vice President and General Counsel. The shares were valued at $1.9602 each and the acquisition gave Webb total ownership of 1,439,322 shares in Chesapeake …

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Permits to drill for May 29, 2019

Permits to drill issued for May 29, 2019. Dewey County RAPP 1/12-19-18 #2H, May 29 2019 01 19N 18W S2N2S2NE API: 04323703 Lat: 36.154037251818494, Long: -99.06639340393633 TAPSTONE ENERGY LLC HH, DR, 19600 ft, MISSISSIPPIAN(11100) Dewey County RAPP 12/1-19-18 #3H, May 29 2019 13 19N 18W NWNENWNW API: 04323702 Lat: 36.12941749526607, Long: -99.07728805375145 TAPSTONE ENERGY LLC HH, DR, …

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Completion reports for May 29, 2019

Completion reports filed for May 29, 2019. None were filed.