200-foot long broken underwater pipe stuck in straits

The broken section of pipe in the Straits of Mackinac in Michigan is far more extensively damaged then initially reported. A 200-foot-long broken boring pipe remains embedded at the bottom of the Straights and Enbridge Inc. now says it might not be able to recover the pipe. The company was able to recover a broken …

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FERC approves new natural gas pipeline in Permian

Federal regulators have signed off on Kinder Morgan’s planned Lockridge natural gas pipeline in the Permian Basin in West Texas. The U.S. Federal Energy Regulatory Commission on Wednesday approved the line that is designed to help remove natural gas from the Permian basin in West Texas and eastern New Mexico. The basin has seen record …

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Gulfport Energy to pay $1.7 million EPA fine

Oklahoma City-based Gulfport Energy Corp. has agreed to pay a $1.7 million fine to the U.S. Environmental Protection Agency for alleged violations of the Clean Air Act at some of its oil and natural gas production wells in Ohio. The Chicago office of the EPA made the announcement this week and said Gulfport will not …

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Sister wells a solid hit for Gulfport MidCon Energy

Tulsa’s Gulfport Midcon LLC had some success in Oklahoma’s SCOOP where it completed two sister wells with production of nearly 1,500 barrels of oil a day. The company drilled the two Dale wells at 13 4N 6W or about 5 miles south of the Grady County town of Alex. The first well had production of …

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Big writeoff for Halliburton in 4Q

In reporting a fourth quarter loss of $1.7 billion, U.S. oilfield services firm Halliburton Co.also disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, and employee severance costs, the company said. …

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Refinery operator moves to raise money

Tulsa refinery operator Holly Energy Partners, L.P. announced that it and its wholly owned subsidiary, Holly Energy Finance Corp. have finalized terms of their offering of $500 million in senior notes. The 5.0% senior notes will be due 2028 and will be issued at a price equal to 100% of the principal amount. The companies …

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Companies call off energy project

Phillips 66 and another company are giving up on plans to build a large-scale renewable diesel plant in Ferndale, Washington. Phillips 66 was joined by Renewable Energy Group, Inc. in making the announcement, explaining the decision was made because of permitting delays and uncertainties. Originally announced in fall 2018, this 250 million gallon per year …

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Saltwater disposal remains a challenge

Last year’s purge of saltwater in northwestern Oklahoma remains not only an oil and gas industry mystery for state regulators but is also the focus of an investigation by one national news group. Grist, an online publication focusing on the environment reports the saltwater purge has raised serious questions about how the oil and gas …

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Reports show decline in drilling activity in Oklahoma

Oklahoma’s slowdown in the oil and gas industry is reflected in the latest figures for permits to drill and completion reports from the Oklahoma Corporation Commission. The number of Intents to Drill permits issued in the first half of 2019 was 2,549, down from the 3,356 permits issued for all of 2018. That’s a decline …

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TransCanada to expand storage at Cushing tank farm

TransCanada Keystone Pipeline, LP is waiting for approval of state regulators on a request to make modifications of its massive storage tanks at the Cushing, Oklahoma tank farm. The company has already won approval for construction of three additional 350,000 bbl crude oil storage tanks. But the Oklahoma Department of Environmental Quality, the agency that …

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