July 2019 archive

Corruption probe in Puerto leads to 6 arrests

A month after it was revealed the FBI was investigating alleged corruption in the government of Puerto Rico, six arrests were made but none involved an Oklahoma company that won nearly $1 billion in power restoration contracts with the government. The six arrests, which included Puerto Rico’s former education secretary, focused on how the suspects …

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Ada research center supported by Oklahoma’s Congressional delegation

U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Senate Committee on Environment and Public Works, Sen. James Lankford (R-Okla.) and Congressman Tom Cole (OK-04) sent a letter to EPA Administrator Andrew Wheeler in support of the of the new Robert S. Kerr Environmental Research Center in Ada, Oklahoma. In late June, the Environmental Protection Agency announced …

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Permits to drill for July 10, 2019

Permits to drill filed on July 10, 2019. Ellis County WARCHIME 24X25-18-25B #1H, July 10 2019 13 18N 25W NWSWSWSE API: 04523806 Lat: 36.028811812450606, Long: -99.81839335558067 FOURPOINT ENERGY LLC HH, DR, 19727 ft, CLEVELAND(8855) Grady County RUE 0606 #2-22-15 WXH, July 10 2019 22 6N 6W SWSESWSW API: 05124677 Lat: 34.97199238278014, Long: -97.82681486583266 MARATHON OIL COMPANY HH, …

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Completion reports for July 10, 2019

Completion reports filed for July 10, 2019. CANADIAN COUNTY Cimarex Energy Co Mississippian(10203): Oil 289 Gas 773 Water 634 Flow 32 11N 7W Pappe 1-32h, July 22, 2018 HH, OIL, TD: 15755 ft Lat: 35.39096, Long: -97.95796 API: 35017251810000 Cimarex Energy Co Woodford(12772): Oil 245 Gas 4041 Water 2103 Flow 31 11N 8W Shelly 8h-3106x, July 26, 2018 HH, GAS, TD: 22717 ft Lat: 35.39149, Long: …

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Oklahoma is far from top states for business

    Oklahoma is far from making CNBC’s list of “America’s Top States for Business in 2019. The state is ranked 43rd worst based on a study that ranks states for business competitiveness.  Some of the categories used in creating the ranking are the workforce, economy, quality of life and cost of doing business.   …

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OKC voters okay new ONG franchise agreement

A change to the Oklahoma Natural Gas franchise agreement with Oklahoma City was approved by voters in Tuesday’s election day. Voters also approved a City Charter amendment. The change to the ONG franchise agreement affects franchise fees paid by ONG to the city. After negotiations, the City and ONG agreed the definition should include certain …

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Dividend declared by Phillips 66

Shareholders in Phillips 66 are getting a 90-cent a share quarterly dividend. The board of directors declared the dividend and it will be payable on Sept. 3, 2019 to shareholders of record as of the close of business on Aug. 20, 2019. The company also declared a 90-cent dividend in early May.  

Senator predicts Iran will come to the negotiating table

  Oklahoma U.S. Sen. James Lankford says sanctions against Iran are working and he predicts the country will eventually sit down and negotiate with the U.S. about nuclear weapons development. “Iran will come to the negotiating table but it’s gonna take several years to get them there,” said the Republican Senator in an interview with …

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ONE Gas to release earnings report at the end of the month

  Tulsa-based ONE Gas, Inc. plans to release its second-quarter 219 earnings report after the close of markets on Monday, July 29, 2019. Executive management will take part in a conference call the next day, Tuesday, July 30 at 10 a.m. Central Time. The call will also be carried live on the ONE Gas website. …

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Permian Basin sees another long-term natural gas transportation deal

Another transportation deal has been announced in the Permian Basin of southeast New Mexico. Lucid Energy Group has executed a new long-term natural gas gathering and processing agreement with XTO Energy, a subsidiary of ExxonMobil. XTO will deliver natural gas production from some of its leasehold position in southeastern New Mexico to Lucid’s South Carlsbad …

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