June 11, 2019 archive

Tulsa judge dismisses insurance company’s earthquake lawsuit

A U.S. District Court judge in Tulsa has dismissed an earthquake lawsuit filed by an insurance company against six energy companies it accused of causing earthquakes in Oklahoma. Judge Gregory K. Frizzell made the ruling in a lawsuit brought by the Steadfast Insurance company which is a subsidiary of Zurich Holding Company of America, Inc. …

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Jerry Jones and his Comstock Resources swoop up another Dallas energy company

Dallas Cowboys owner Jerry Jones and the oil and gas firm he controls, Comstock Resources are acquiring another Dallas firm for nearly $1.6 billion. It will make Comstock the leading natural gas producer in the Haynesville Shale of northeast Texas and southwest Arkansas. Comstock, based on Frisco, Texas is buying the privately-backed Covey Park Energy …

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PrimeEnergy Resources to join the Russell 3000 Index

  PrimeEnergy Resources Corporation in Houston is set to join the broad-market Russell 3000® Index at the conclusion of the 2019 Russell indexes annual reconstitution, effective after the US market opens on July 1, according to a preliminary list of additions posted June 7. PrimeEnergy is an independent oil and gas company with operating and district …

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ONEOK’s Wyoming pipeline to gain from Denver’s pipeline plans

A Denver midstream company has announced plans to build a natural gas liquids pipeline connecting with ONEOK’s pipeline in Wyoming. Meritage Midstream Services II LLC announced its subsidiary Thunder Creek NGL Pipeline LLC will launch a binding open season to get volume dedications to support the new line. The construction will be on the company’s …

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$4 billion new pipeline projects announced by Phillips 66 to move oil to and from the Cushing hub

  Phillips 66 has announced two separate 50/50 joint ventures to build a $1.6 billion pipeline from the Bakken to Cushing, Oklahoma and another $2.5 billion project to carry oil from Cushing and the Permian Basin to the Gulf Coast refineries. The 24-inch Liberty pipeline will carry oil out of the Rockies and the Bakken …

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Record tying cool weather hits the state

No doubt energy workers who do their jobs outdoors in Oklahoma are thanking mother nature for unusually cool weather this week. Hard to believe but in Buffalo, there was a 44 degree wind child on Monday! And one Oklahoma Mesonet site tied the record for the lowest temperature ever recorded at 40 degrees. Gary McManus, …

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Congresswoman honors first men on the moon

Congresswoman Kendra Horn (D-OK), Chairwoman of the Space and Aeronautics Subcommittee, and Ranking Member Brian Babin (R-TX) introduced two bipartisan resolutions that honor the American accomplishment of being the first – and only – country to land humans on the surface of the Moon by commemorating the date of the first moonwalk. On July 20, …

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Stillwater Airport Director named to lead committee of airport executives

Stillwater’s Regional Airport Director Paul Priegel has been named chairman of the South Central Chapter Academic Relations Committee of the American Association of Airport Executives. In this role, Priegel will work to strengthen the relationships between the South Central ChapterAAAE and the regional student AAAE chapters at participating universities across the states of Oklahoma, Kansas, New Mexico, Texas and Central …

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Oklahoma’s Aeronautics Commission pushes summer camps for students

  Aviation and Aerospace is trending among Oklahoma students, and the Oklahoma Aeronautics Commission (OAC) has emphatically been a driving force of those trends. Through summer camp programs and primary through secondary aviation education curriculum across the state, the Commission has boosted that interest through its aviation and aerospace education grant program.  Last year, 25 …

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Blaine County continues to be good to Continental Resources

Oklahoma’s STACK play continues to be a big producer for Oklahoma City’s Continental Resources Co. This week, the company reported a well with nearly 2,500 barrels of oil production a day in Blaine County.  Located at 6 16N 11W, the Blondie 1-6-7-18xhm well had production of 2,463 barrels of oil a day along with 5,606 …

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