August 1, 2020 archive

Magellan Midstream sees nearly 52% drop in 2Q revenue

  Once again COVID-19 and the pandemic have affected the bottom  line of an Oklahoma energy company. Magellan Midstream Partners, L.P. based in Tulsa reported a nearly 52% drop in net income for the second quarter 2020. Net income totaled $133.8 million compared to $253.7 million in the second quarter of 2019. The company blamed …

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Chaparral Energy avoids $13 million interest pay a second time

  While dealing with the economic challenges brought upon the oil and gas industry by the COVID-19 pandemic, Oklahoma City-based Chaparral Energy has entered into a second forbearance agreement with its lenders. And for a second time, it has avoided a more than $13 million payment on its notes. The company stated in a late-July …

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Oklahoma regulators to reopen headquarters for in-person hearings

  The Oklahoma Corporation Commission has decided to reopen the Jim Thorpe headquarters building this week and hold in-person hearings during the COVID-19 pandemic. However, the in-person hearings will be on a limited basis according to the protocols drawn up by the Commission staff. The protocols will require participants to wear protective masks at all …

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Legislator wants tax breaks re-examined for OKC Thunder over players taking a knee

  Hominy State Rep. Sean Roberts says if Oklahoma City Thunder players take a knee during the playing of the national anthem, then the state should re-examine the tax credit it gave the NBA team. The Republican lawmaker issued a statement over the weekend, “By kneeling during the playing of the national anthem, the NBA and …

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Wind regulations target project in central Kansas

  A proposed wind farm near Hutchinson, Kansas, one opposed by many residents is facing more scrutiny and possible restrictive rules and regulations that could be imposed by Reno County authorities. The Hutchinson News reported that the county Planning Commission in a recent meeting considered limits on noise and even shadow flicker in determining how …

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Oil ends higher to log July gain

  A day after oil futures ended higher with West Texas Intermediate crude in the U.S. settling back above $40 a barrel, OPEC loosened some of its production curbs by an estimated 2 million barrels a day. The expected rise in supplies as major producers relaxed their output restrictions was seen as the cause of …

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Stagnant rig counts reported in US and across Oklahoma

  The number of oil and gas rigs actively pursuing energy in the U.S. grew by one in the past week, the same amount that rig activity in Oklahoma increased as well. It means hundreds more remain in storage across the country. The nation’s rig count, according to Baker Hughes Co. increased by one to …

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Completion reports for July 31, 2020

Completion reports filed on July 31, 2020. GRADY COUNTY Red Wolf Operating Llc Woodford(14615): Oil 612 Gas 8925 Water 1288 Flow 27 6N 6W Adams 27-34 4xh, July 23, 2019 HH, OIL, TD: 24701 ft Lat: 34.97080, Long: -97.82547 API: 35051244550001

Permits to drill for July 31, 2020

Permits to drill issued on July 31, 2020. Nowata County UNKNOWN #1, July 31 2020 18 26N 16E SESWNENW API: 10576917 Lat: 36.739026418114705, Long: -95.64203120243754 STATE FUND PLUGGING SH, RC, 1000 ft, BARTLESVILLE(900) Nowata County UNKNOWN #4, July 31 2020 18 26N 16E SWSENENW API: 10576920 Lat: 36.73960312641514, Long: -95.64049545645527 STATE FUND PLUGGING SH, RC, 1000 ft, …

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