Rig counts dropped in Oklahoma and US in past week

The number of active oil and gas drilling rigs fell by three over the past week in Oklahoma to a level of 142. Figures from Baker Hughes Company also indicated the national count dropped one to 1,075. The number of oil rigs plunged by 10 to 877 while the number of gas-drilling rigs rose by …

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Continental Resources finds more success in the STACK

A multi-well single pad drilled by Continental Resources Inc. in the STACK produced more than 6,000 barrels of oil a day for the Oklahoma City energy company. Three Jalou wells located about 5 miles northeast of the community of Greenfield in Blaine county had production of more than 2,000 Boed each. The largest of the …

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Governor declares winter storm state of emergency for entire state

Not just 14 counties, but all 77 counties in Oklahoma have been put under Governor Mary Fallin’s declaration of a state of emergency due to the severe winter weather that was forecast to hit the state. She took the action on Thursday before the storm actually hit the state, stating in her announcement, ” Because …

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FERC nominee confirmed in a close US Senate vote

With “yea” votes from Oklahoma U.S. Senators Jim Inhofe and James Lankford, the U.S. Senate has confirmed President Trump’s pick for a key energy agency over objections from Democrats that the man is too biased. It was a 50-49 vote along party lines when Bernard McNamee was confirmed to the Federal Energy Regulatory Commission. He …

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PSO names new plant manager at its Lawton power station

  Toby Peterson has been named the new plant manager at Public Service Company of Oklahoma’s (PSO) Comanche Power Station in Lawton. He took over the position December 2. Peterson succeeds Erik Scott, who has taken an interim role as a Generation consultant before he retires from the company next year. Scott had been the …

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Illegal dumping under investigation by DEQ

An illegal dumping case has the attention of the Oklahoma Department of Environmental Quality. It happened in Oklahoma City where 16 55-gallon drums containing unidentified liquids were dumped at a property located at 3400 NE 4 street in Oklahoma. DEQ investigators believe the drums were dumped no Nov. 21 and found the next morning. The …

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Record state revenues are largely due to robust oil and gas sector in Oklahoma

Once again, oil and natural gas gross production tax revenue in Oklahoma gave a massive push to state revenue collections in November, helping set a record for annual collections according to State Treasurer Ken Miller. The November oil and gas revenue totaled $118.8 million, an increase of $66.1 million or 125.3 percent from November 2017. …

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OGE Energy Corp. board gets new member

  The board of directors at OGE Energy Corp. announced this week the naming of BancFirst executive David Rainbolt to the board. He will also be a member of the board’s audit committee and his appointment will be effective Jan. 1, 2019. Rainbolt’s term will expire at the company’s annual shareholders’ meeting on May 16, 2019, …

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International rig count slips from October to November

The world’s count of active oil and gas rigs dropped in November, according to an announcement by Baker Hughes Company. It said the international rig count for November 2018 was 991, down 26 from the 1,017 reported in October 2018. But it was also 49 more than the 942 reported in November 2017. The international …

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Sale of Travel Centers stores finalized

TravelCenters of America LLC says it has wrapped up the nearly $331 million sale of its 225 standalone convenience stores including those in Oklahoma. The state has four such stores which carry the name of Travel Centers of America , TA Express or Petro. Three are located in the Oklahoma City area and one is …

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