EPA probes allegations of document destruction by former aide to Inhofe

The former aide to Oklahoma U.S. Sen. Jim Inhofe who was named the EPA’s chief of staff has come under an inspector general’s investigation whether he destroyed internal documents that should have been retained. The probe also involves actions concerning former EPA administrator Scott Pruitt. Using two people as sources, POLITICO reported that Ryan Jackson, …

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Chesapeake go bust? It’s being discussed as a possibility

When times were good for Chesapeake Energy Corp. in Oklahoma City, they rolled.  A growing campus and much more to go with the success. But it was as though Charles Dickens was reporting on the energy company. “It was the best of times, it was the worst of times, it was the age of wisdom, it was …

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Inhofe frustrated over defense spending bill talks

POLITICO’s Morning Energy Report says Oklahoma U.S. Sen. Jim Inhofe isn’t exactly pleased with how negotiations are going regarding the annual defense bill and PFAS—those chemicals polluting military bases nationwide. Here’s how it was reported: PFAS REMAINS NDAA STICKING POINT: Senate Armed Services Chairman Jim Inhofe said on Tuesday that negotiations on the annual defense bill are inching …

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Energy news in brief

** A SEC filing by Chesapeake Energy shows President and CEO Robert D. Lawler recently acquired 50,000 shares in the company. The shares were valued at $0.9148 each resulting in a total acquisition worth $45,740. The acquisition results in Lawler owning 5,133,298 shares in the company. ** Federal regulators have ordered the Keystone pipeline to remain …

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No formal increase in Oklahoma speed limits despite new law

Despite a new speed limit law that took effect Nov. 1 in Oklahoma, signs on I-35 and I-40 and other highways remain the same. Most state 70 mph as the limit and the reason is this—the State Department of Transportation is still studying whether, when and where to increase limits to 75 miles an hour. …

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Report predicts tough times ahead in US oil production

A prediction of a “major slowdown” in U.S. oil production has been made by IHS Markit which says the nation’s output will fall from 440,000 barrels a day in 2020 to “essentially flattening out” in 2021. The report also assessed what shale producers are already doing as indicated in third quarter 2019 reports….they are cutting …

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Roan suspends drilling operations pending merger vote

  As Oklahoma City’s Roan Resources, Inc. prepares to formally merge with Tulsa’s Citizen Energy Operating, LLC, the company has temporarily shut down drilling, development and completion activities. The firm stated in its third quarter 2019 earnings report the move will give new CEO Rick Gideon time to assess Roan’s overall operations plan. He took …

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Blueknight energy shows increased 3Q earnings

Tulsa’s Blueknight Energy Partners, L.P. reported increased third quarter earning as net income was $7 million compared to $2.4 million reported in the same period in 2018. The increase came after a failed attempt by Ergon to acquire the Oklahoma company last summer. The company’s adjusted earnings before interest, taxes, depreciation and amortization was $18 …

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Numbers reflect slowdown in U.S. oil and gas drilling

The latest international rig count announced by Baker Hughes shows how drilling has slowed in the U.S. as numbers for October 2019 were down from a year earlier. The average U.S. rig count for October 2019 was 848, down 30 from the 878 counted in October 2019, and down 214 from the 1,062 counted in October 2018. The average …

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Continued drilling activity in Kingfisher County

Kingfisher County continues to see more wells drilled and completed as the latest completion reports on file with the Oklahoma Corporation Commission showed this week. Eight more wells were completed in the county that makes up the STACK including five by Chisholm Oil and Gas Operating LLC of Fort Worth, Texas. All five were in …

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