January 16, 2020 archive

Regulators change meeting site for proration meeting

The Oklahoma Corporation Commission has changed the January 21 meeting site to consider the staff’s proposed statewide proration formula for unallocated gas wells. The 10 a.m. meeting has been changed to Room 301 of the Jim Thorpe Office building at the capital. Room 301 is the site of Corporation Commission meetings.The discussion is to focus …

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Gas pump chip card deadline approaches in 2020

Gas stations in Arkansas are racing to update their pumps to accept credit and debit cards that have embedded microchips after Visa Inc. and Mastercard Inc. rejected a request to delay an Oct. 1 deadline to complete the work. Fuel operators that have not upgraded their card readers by the deadline will be liable for …

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ONEOK Board declares increased dividend

The board of directors of ONEOK, Inc. on Wednesday increased ONEOK’s quarterly dividend 2 cents per share to 93.5 cents per share. This increase results in an annualized dividend of $3.74 per share. The dividend is payable Feb. 14, 2020, to shareholders of record at the close of business Jan. 27, 2020. ONEOK, Inc.  is a leading midstream service provider …

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Threat to international oil supplies recedes in Iran-US standoff

In a report this week, the International Energy Agency said the surging oil production from the U.S. and other non-OPEC countries will assist the market to withstand political shocks of the stand-off between the U.S. and Iran.   “For now the risk of a major threat to oil supplies appears to have receded,” the Paris-based …

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Drilling at home is productive for Revolution Resources

A company drilling at the north edge of Oklahoma City reports three sister wells with combined production of more than 1,100 barrels of oil a day. The same month that Oklahoma City-based Revolution Resources LLC is expected to close on its $201.5 million acquisition of Jones Energy II, Inc. based in Austin, Texas, the firm …

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