June 20, 2019 archive

Meritage Midstream picks up Oklahoman for new executive position

Denver’s Meritage Midstream, a major midstream operator in Wyoming’s Powder River Basin announced the addition of two executives to the company’s leadership team. One left an Oklahoma midstream firm to take the new job. T. Jeffrey Layne was named chief operating office and Matthew DeNezza will be the company’s new chief financial officer. “After six …

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Chesapeake boasts of improvements in quarterly update

Oklahoma City-based Chesapeake Energy is out with a new updated website in which the company boasts of delivering on its strategy for the first quarter of 2019. The website said the company’s strategy remains unchanged and is “resilient to commodity price volatility” based on financial discipline and profitable and efficient growth from captured resources.   …

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Phillips 66 to create deepwater crude export terminal off Gulf Coast

A week after forming join ventures to build pipelines linking shale fields in West Texas and North Dakota to the Cushing, Oklahoma oil hub and the US Gulf Coast, Phillips 66 is proposing a deepwater crude export terminal off the Gulf Coast. The company, with major operations in Bartlesville made the announcement this week that …

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A school district owns one of the largest privately-owned solar systems in Kansas

  One of the largest privately-owned solar systems in Kansas is in operation with a goal of producing electricity for the public schools in Maize, a town in Sedgwick County. And school officials in Norman, Oklahoma are interested in perhaps doing the same thing. It was earlier this month when the system went live with …

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Marathon inks new oxygen supply agreement for its refineries

Marathon Petroleum, the Houston company that just filed completion reports on two STACK wells with production of 2,200 to 2,500 barrels each announced the signing of two long-term supply agreements with Air Liquide. It means Air Liquide will provide up to 900 tons a day of oxygen for Marathon refineries in Texas City, Texas and …

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Roan Resources gets $100 million loan to continue operations

A week after announcing new financial guidance for the remainder of 2019, Oklahoma City-based Roan Resources, Inc. announced it received commitments for a $100 million term loan facility. The commitments are from funds affiliated with “certain significant shareholders of the company that are represented on the board of directors,” stated the announcement. As part of …

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Power restoration still underway after Southern Oklahoma storms

The sound of buzz saws filled the air in Pauls Valley and other southern Oklahoma towns and cities on Wednesday.  And likely the chain saws are still busy following the early Wednesday morning storm that skipped across the southern part of the state and packed winds estimated at 100 miles an hour. “We don’t know …

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Air Force engine maker expanding operations at Tinker Air Force Base

Oklahoma’s aircraft industry is getting another boost with this week’s announcement by Pratt and Whitney that it is expanding operations at Tinker Air Force Base. The company made the announcement at the Paris Air show where Gov. Kevin Stitt and company representatives are among those from Oklahoma in attendance. The firm said the expansion includes …

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2,000 barrels of oil a day plus wells brought in by Marathon Petroleum in Oklahoma’s STACK

Two of the largest wells in the STACK to be reported in a few months have been brought in by Houston’s Marathon Petroleum, the largest with production of more than 2,500 barrels of oil a day. Both were drilled on the same pad located at 27 17N 10W or about 5 miles southeast of the …

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OKC, Tulsa and Lawton under ozone warnings from DEQ

  On the last day of Spring 2019 in Oklahoma, the state issued an ozone watch for Oklahoma City, Lawton and Tulsa as temperatures were to push into the 90s. Southwest Oklahoma was expected to have high temperatures of 97 and some areas could even have hit 100 degrees. The Oklahoma Department of Environmental Quality …

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