June 16, 2020 archive

Completion reports for June 16, 2020

Completion reports filed on June 16, 2020. completions: none were processed today

Permits to drill for June 16, 2020

Permits to drill issued on June 16, 2020. Creek County VANORSDOL #2-29, June 16 2020 29 15N 9E SWNWSENE API: 03729454 Lat: 35.75039292876795, Long: -96.37288647786406 WFD OIL CORPORATION SH, DR, 2475 ft, LAYTON(1300), SKINNER(2300) Creek County CANADY #3 A, June 16 2020 14 16N 8E SWSESESE API: 03729453 Lat: 35.85760834610282, Long: -96.4244618857368 LUKE OIL COMPANY SH, DR, …

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US crude oil prices finish above $38

  US crude oil July futures went up more than 3% in Tuesday’s trading on the New York Mercantile Exchange as West Texas Intermediate crude rose $1.26 a barrel to settle at $38.38. Brent August futures ended the day up 95 cents or 2.39% before finishing the day on ICE futures at $40.67 a barrel. …

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Devon Energy expects to finish 2020 at 2019 levels of crude production

  Leadership at Oklahoma City-based Devon Energy confirms the company has shut-in 10,000 barrels of crude oil production a day. But Seeking Alpha reports Devon CEO Dave Hager also told the J.P. Morgan energy conference he expects the company to finish 2020 with output flat with 2019 levels. Hager downplayed the production cutbacks as “not …

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Energy news in brief

** British oil major BP plans to write down up to $17.5 billion in assets after oil prices collapsed during the coronavirus pandemic. The supermajor said the value of the company’s assets is expected to fall by as much as $17.5 billion during the second quarter, when coronavirus-related travel restrictions plunged demand for gasoline, diesel and jet fuel. ** A drilling revival may …

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$2 million asbestos cleanup to begin at vacant Tulsa building

The Oklahoma Department of Environmental Quality (DEQ) and the City of Tulsa are partnering to clean up asbestos in the Abundant Life Building also known as the Diamond Building at 1720 S. Boulder Ave. in Tulsa. The Abundant Life Building was constructed in 1957 as the international headquarters of the Oral Roberts Evangelistic Association, Inc. …

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Net metering fight goes before FERC

  A petition in front of federal regulators to effectively overturn net metering policies nationwide faced overwhelming bipartisan opposition on Monday from state regulators, members of Congress, public power groups and others. Though several utilities filed to intervene on the petition, including Pacific Gas and Electric, Xcel Energy and Duke Energy, none filed comments by the June 15 deadline, …

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Fight develops over national forest mining road in Colorado

  A fight has grown over a coal company’s bulldozing of nearly one mile of a new road into the Gunnison National Forest east of Montrose, Colorado. Mountain Coal Company has bulldozed about a mile of new road into the Gunnison National Forest’s Sunset Roadless Area barely two months after a federal court ruling that …

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Small refineries await an EPA decision on waivers

  The Environmental Protection Agency has yet to act on a petition filed by small oil refineries hoping to get waivers from this year’s Renewable Fuel Standard mandates. The Wynnewood Refinery is one of those that lost a Denver federal appeals court decision earlier this year and at last word, the company still had the …

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Prosperity Hub to create new jobs in Lawton

Intuit, the California company that launched a Prosperity Hub program promising 3,000 jobs in the U.S. is bringing the program to Lawton, Oklahoma. Working with the Sitel Group, the two plan to create at least 75 new jobs in the southern Oklahoma region. Intuit Inc., maker of TurboTax, QuickBooks and Mint, announced its Prosperity Hub …

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