July 28, 2020 archive

Protecting ranchland in southern Colorado

  Conservationists in southern Colorado are excited with the prospect of obtaining funding from the Great American Outdoors Act passed last week by Congress to use to protect more ranchland in the Navajo River Watershed. They point to the conservation of the Banded Peak ranch east of Pagosa Springs explaining a 30-year and $37 million …

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Agency continues probe of Odessa deaths in flood station

The Chemical Safety and Hazard Investigation Board has released the results of its investigation into the deaths last fall of a worker and his wife who died after being overcome by hydrogen sulfide at a water flood station in Odessa,Texas. The worker was employed by Aghorn Operating, Inc. and had responded the night of October …

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Magellan Midstream declares quarterly cash distribution

  The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0275 per unit for the period April 1 through June 30, 2020. The second-quarter 2020 distribution is 1% higher than the second-quarter 2019 distribution of $1.0125 per unit and consistent with the first-quarter 2020 amount. The …

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Laredo Petroleum averaged only $25 a barrel for oil prices in past three months

Laredo Petroleum indicated in a filing with the Securities Exchange Commission it averaged less than $25 a barrel of crude oil in the three month period of April, May and June of this year. The Tulsa company filed preliminary results for its commodity derivatives, weighted-average common shares outstanding and average sales prices for the three-month …

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WPX Energy prepares to release quarterly financial results

  WPX Energy in Tulsa plans to discuss its second-quarter 2020 financial and operations results during a webcast on Thursday, July 30, 2020, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. The company reported an unaudited first …

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Williams reports 41% drop in methane emissions from its operations

  Declines in methane emissions, reportable spills and workplace injuries. They were highlighted by Williams Cos. of Tulsa as the firm announced the release of its 2019 Sustainability Report, providing a comprehensive review of the company’s performance on environmental, social and governance programs and initiatives. “At Williams we believe that running our business in a …

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New wells reported in Oklahoma

  A long list of completed wells was filed this week with Oklahoma regulators showing new producing wells in Ellis, Grady, Canadian, Kingfisher, McIntosh, and Woods counties. Citizen Energy III LLC filed reports on 3 Canadian County wells Two  sister wells were drilled at a pad located at 12 12N 9W or 8 miles west …

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AOC pushes block of Army Corps of Engineers for permitting pipeline projects

  Can the U.S. Army Corps of Engineers be blocked from permitting oil and gas projects like the Dakota Access Pipeline? Or those in Oklahoma, Texas, Kansas and other oil and gas producing states?  It might happen because of the effort by controversial New York congresswoman Alexandria Ocasio-Cortez. She has introduced an amendment for the …

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OPEC reconsiders shape of future for oil production

  OPEC leaders are being forced to reconsider the world of oil and its future because of the coronavirus crisis. Reuters reports the crisis has OPEC leaders wondering if the dramatic decline in demand for oil actually is heralding a permanent shift of the age of oil. Click here for Reuters story.