Damaged lake dam at Piedmont causes concern

A residential lake dam caused fear this week that damages could result in the dam breaking near Piedmont, flooding parts of Kingfisher County. The Oklahoma Water Resources Board quickly ordered repairs to be made and efforts were undertaken to drain water from Falcon Lake which is in a residential neighborhood of Piedmont. At least one …

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Montana judge orders State Department to do environmental review of Keystone XL line

Could be a delay in construction of the controversial new route for the Keystone XL crude oil pipeline after a Montana federal judge ordered the U.S. State Department to do a full environmental review. U.S. District Judge Brian Morris ruled in support of the Indigenous Environmental Network and others who filed suit challenging the plans …

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Northwest Oklahoma city to get $4.5 million government water improvement loan

Oklahoma is among 23 states getting part of $124 million in USDA water improvement loans. The northwest city of Buffalo received a loan in the amount of $4,590,000 to replace water lines.  The new lines will increase the pipe size to provide more water and better pressure for the community of nearly 1,300. The project …

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Latest large well is in State’s Garvin County

The largest well reported so far this week in the state produced 1,335 barrels of oil a day when it was completed by Continental Resources Inc. in Garvin County. The Omer 6-20-17XHS is located approximately 8 miles south of Lindsay and was spud in January with drilling finished in April. Completion was made June 4, …

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$22 million loss reported by Chaparral Energy in 2nd quarter

Despite $21 million in asset sales, Oklahoma City’s Chaparral Energy Inc. reported a 2018 second quarter loss of $22 million. The company said the loss was driven by a $27 million non-cash loss associated with commodity derivatives. The loss figured to 49-cents a share. The loss came as the company saw its STACK production increase …

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Osage County landowner gets split ruling in fight over oil and gas drilling

Osage County landowner Merrill Chance has scored a partial victory in his lawsuit to stop an energy company from drilling for oil and gas on his land. The U.S. 10th Circuit Court of Appeals reversed a lower court’s ruling against Chance who filed suit against Interior Secretary Ryan Zinke, the U.S. Bureau of Indian Affairs …

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Corporation Commission to get update on state bankruptcy lawsuit against SandRidge Energy

A Thursday public meeting of the Oklahoma Corporation Commission might include discussion is expected to discussion  of the state’s lawsuit against Oklahoma City-based SandRidge Energy over its 2016 bankruptcy filing. The commission might hold an executive session to conduct confidential communications concerning the litigation which was filed in Houston, Texas where SandRidge filed bankruptcy two …

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Williams announces dividend

Williams’ board of directors has approved a regular dividend of $0.34 per share, or $1.36 annualized, on the company’s common stock, payable on Sept. 24, 2018, to holders of record at the close of business on Sept. 7, 2018. The new amount is a 13.33 percent increase from Williams’ third-quarter 2017 quarterly dividend of $0.30 …

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Oil and gas gross production revenues for July missed state government target

The Oklahoma government’s estimates of revenue collections in July came below the guess of the experts.  General Revenue Fund collections for the month totaled $449.1 million. They were also $37.8 million or 9.2% greater than July 2017. Gross production tax collections on oil and gas totaled $26.1 million but like the general revenue fund, were …

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OKC’s Antioch Energy sells water system in SE Oklahoma

Antioch Energy LLC (“Antioch”) announced today it has entered into agreements with an affiliate of WaterBridge Resources LLC (“WaterBridge”) that provide Antioch a cost-effective produced water handling solution and access to reliable capacity at economic rates. Antioch sold its existing produced water infrastructure in the Arkoma Stack to Houston-based WaterBridge, including approximately 40,000 bpd of …

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