No slowdown for Chesapeake Energy in South Texas

Oklahoma City’s Chesapeake Energy continues to be active in drilling exploration in South Texas as it recently obtained seven permits to drill from state regulators. The Texas Railroad Commission approved permits to Chesapeake to drill in three separate counties. Four of the permits allowed Chesapeake to drill in Webb County where Laredo is the county …

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State regulators seek suspension of True Wireless over alleged Lifeline fraud

  Oklahoma regulators are accusing a Tennessee-based wireless company of illegally subscribing federal Lifeline phone customers outside its service territory in Oklahoma and violating a four year agreement made over similar allegations. The Oklahoma Corporation Commission’s Public Utility Division wants True Wireless LLC, based in Bartlett, Tennessee and with operations in eastern Oklahoma, held in …

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Rig counts increase in Oklahoma and US

  The latest numbers from Baker Hughes Company indicate oil and gas rig counts increased n Oklahoma and the rest of the U.S. in the past week. Oklahoma’s count grew by one to 51, a far cry from the 117 active rigs reported a year ago. Nationally, the count grew by one to 791 including …

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New Mexico legislators restore solar tax credit…Governor says she’ll sign it

Four years after New Mexico’s solar energy tax credit faded away, state legislators have voted to restore it and Gov. Michelle Lujan Grisham says she’ll sign it back into law. Supporters say it could create thousands of jobs according to the Carlsbad Current Argus. Senate Bill 29, known as the Solar Market Development Income Tax …

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Energy news in brief

** Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt basin, oil regulator ANP said on Wednesday. ** Chicago has made strides to become a more bike-friendly city, but bicycling remains unsafe and impractical in many minority neighborhoods, bicycle riders …

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Pig poop gas power grows in Missouri

  Those “manure-to-energy” projects are growing as witnessed in Missouri where two companies have teamed up to convert pig poop methane into renewable natural gas. The $45 million investment was announced by Monarch Bioenergy which according to the St. Louis Post-Dispatch is a joint venture of giant pork producer Smithfield Foods and St. Louise-based Roeslein …

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Report shows oil and gas is largest private sector in Oklahoma—hands down

  The people of Oklahoma Oil & Natural Gas are a catalyst for the state’s economy, providing one-third of the total economic output and more than 350,000 jobs. They are also having a big impact on funding for state and local services, contributing millions of dollars to education and roads. A new report completed by …

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Pennsylvania Dems don’t support fracking ban

If Sens. Elizabeth Warren and Bernie Sanders and the other Democratic presidential hopefuls really want to ban fracking as they profess, they’ll have to convince some Democratic leaders in gas-rich Pennsylvania.  And so far, they haven’t. The Democrats on stage Wednesday night in Las Vegas all spoke of banning hydraulic fracking, but the Associated Press …

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Lower revenues reported by Enable Midstream

Enable Midstream Partners, LP announced financial and operating results for fourth quarter and full-year 2019. Net income attributable to limited partners was $18 million for fourth quarter 2019, a decrease of $156 million compared to $174 million for fourth quarter 2018. Net income attributable to common units was $9 million for fourth quarter 2019, a …

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Higher earnings reported by ONE Gas

ONE Gas, Inc.  announced its fourth quarter and full year 2019 financial results, which included diluted earnings per share of $0.96 and $3.51, respectively. Highlights include: Fourth quarter 2019 net income was $51.2 million, or $0.96 per diluted share, compared with $44.7 million, or $0.84 per diluted share, in the fourth quarter 2018; Full year …

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