August 2019 archive

Firms are split over rollback of methane gas regulations

Big oil and gas companies appear to be divided over their stand  on the Trump administration’s move to roll back Obama administration regulations on methane. The administration’s move on Thursday drew response for and against as Seeking Alpha, an investment analyst noted. Exxon Mobil reiterates support for the direct regulation of methane emissions for new and existing …

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No letup in Oklahoma’s rig count decline

The slow steady decline of the number of active oil and gas rigs continues in Oklahoma and across the U.S. Oklahoma has nearly 60 fewer rigs than a year ago. Baker Hughes Co. reports Oklahoma’s count dropped by 2 more in the past week to reach 80 rigs, a far cry from the 139 reported …

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NGL Energy announces $150 million share repurchase program

Tulsa-based NGL Energy Partners LP has launched a $150 million share buy back program. The announcement came on Friday as the company’s Board of Directors of its general partner said it was attempting to repurchase its outstanding units representing limited partnership interest of NGL through September 30, 2021. NGL may repurchase units from time to …

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Barclays Energy conference attracts ONEOK management

Tulsa-based ONEOK, Inc. plans to be at this week’s Barclays CEO Energy conference in an attempt to acquire more investors and convince those it already has to invest more in the company. Management from the company will make a presentation at the conference on Wednesday, Sept. 4 at 8:05 a.m. Central Daylight Time. The presentation …

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More multi-well production for Marathon Oil in STACK

  Just weeks after getting combined production of 4,900 barrels of oil a day from a four-well pad and 2,200 from a 3-well pad in Kingfisher County, Houston’s Marathon Oil Company did it again in the STACK play. Completion reports show the company had a two-well pad a mile west of the city of Kingfisher …

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FERC hands victory to Williams in New York pipeline fight

  Tulsa’s Williams Cos. got a break from the federal government in recent days when the Federal Energy Regulatory Commission ruled New York state waived its water quality authority for the Constitution Pipeline, placing the natural gas project back on track after being stalled since April 2016 when state regulators denied a permit. The vote by the …

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History of Labor Day

Labor Day pays tribute to the contributions and achievements of American workers, and Labor Day 2019 occurs on Monday, September 2 (it’s traditionally observed on the first Monday in September). It was created by the labor movement in the late 19th century and became a federal holiday in 1894. Labor Day, an annual celebration of workers and their achievements, originated during one …

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Completion reports for August 29, 2019

Completion reports filed for August 29, 2019. KINGFISHER COUNTY Marathon Oil Company Mississippi (less Chester): Oil 1076 Gas 3385 Water 1240 Flow 28 16N 7W Firestone 1607 2-21mh, March 22, 2019 HH, OIL, TD: 13321 ft Lat: 35.84153, Long: -97.95559 API: 35073263260000 Marathon Oil Company Mississippi (less Chester): Oil 1076 Gas 3385 Water 1240 Flow 28 16N 7W Firestone 1607 2-21mh, March 22, 2019 HH, OIL, …

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Permits to drill for August 29, 2019

Permits to drill filed on August 29, 2019. Canadian County HEUPEL #2H-22, August 29 2019 27 14N 8W NWNENWNE API: 01725515 Lat: 35.66668614843454, Long: -98.03640471699093 CITIZEN ENERGY III LLC SH, DR, 15302 ft, WOODFORD(10000) Canadian County GALLANT FOX 28-33-11-7 #1MXH, August 29 2019 21 11N 7W SWSESESW API: 01725514 Lat: 35.40715661429305, Long: -97.94791207206158 ROAN RESOURCES LLC HH, …

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New Mexico’s state budget “flooded” with oil and gas revenue from the Permian

Remember when the state government in Oklahoma was flush with money from oil and gas revenue?  Now New Mexico is in the same situation prompting one legislative leader to quip, “the future looks good for New Mexico.” And it’s all because of the oil and gas development growing in Southeastern New Mexico where part of …

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