White Star Petroleum Sells Pipeline Holdings in Logan, Noble and Payne Counties

Two Oklahoma City midstream companies have announced a business sale and purchase of holdings, including 253 miles of gas gathering pipeline in the state. White Star Petroleum LLC sold its interest in the midstream gathering system to 4 AM Midstream LLC, a midstream company founded this year. The assets are in Logan, Noble and Payne …

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New Study Says Oklahoma Has 80% chance of Strong Earthquake

A new research paper maintains the probability of an earthquake measuring 5.0 magnitude hitting Oklahoma this year is nearly 80 percent. That’s according to research by the University of California Santa Cruz and the Oklahoma Geological Survey as published in Science Advances. The same research paper, according to the Tulsa World, indicates the state will …

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Nabors Expands Drilling and Well Construction Operations with $215 Million Purchase

Houston-based Nabors Industries, a world-wide firm with big operations in Oklahoma is making an all-stock deal worth more than $215 million to buy Tesco. Both oil field services companies operate out of Houston and the move will allow Nabors to strengthen its drilling and well construction. Nabors, according to analysts is building on its position …

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Federal Appeals Court Rejects $2.6 Million Fine Against ExxonMobil Over 2013 Arkansas Oil Pipeline Spill

A New Orleans federal appeals court says the government government came down too hard in leveling a $2.6 million fine against Exxon Mobil for the 2013 oil pipeline spill that happened in March 2013 in Mayflower, Arkansas. The U.S. Court of Appeals for the Fifth Circuit threw out some of the safety violations leveled against …

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Historic Wagon Trails Destroyed to Protect Grouse in Colorado

In the name of protecting and encouraging growth of the sage grouse in western Colorado, historic wagon trails from the 1800s are being destroyed. Environmentalists and state and federal wildlife officials near Gunnison contend the wagon ruts were draining large wet meadows that were considered to be critical to the ecosystem and to the grouse, according …

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Chaparral’s Expanded STACK Play Paying Off

Completion reports this week of wells drilled by Oklahoma City based Chaparral Energy confirm the company’s expressed plans to expand operations in Oklahoma’s STACK oil play. Those intentions were revealed in Monday’s release of the second quarter results for Chaparral. The same day, the daily completion report published by OK Energy Today, showed the company had …

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Duncan Oil Hits 1,000 Barrel a Day Well Near Clinton

One of Oklahoma City’s privately-held independent oil and gas exploration companies is reporting this week the discovery of a 1,000-barrel a day oil well in western Oklahoma. Duncan Oil Properties Inc. hit the 1,022 boed Goss well northwest of Clinton and near the small town of Butler, 32 15N 18W in Custer County. Gas production …

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Carter County Considers Energy-Saving Steps

Carter County Commissioners in southern Oklahoma have started an energy review of their buildings and facilities. A report in the Daily Ardmoreite this week indicated commissioners met and discussed energy-saving steps with OGE and CLEAResult representative Trey Parsons. CLEAResult offers recommendations and master plans to help organizations and businesses improve their energy efficiency. But the …

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Gasoline Prices Slip in Oklahoma—Hold Steady Nationally

Gasoline prices slipped a penny in Oklahoma, reaching a new average this week of $2.12 a gallon according to a weekly release by AAA Oklahoma. Nationally, the average of $2.35 a gallon remained flat for the week but still nine cents higher than one month ago and 22 cents cheaper than a year ago. “Prices at …

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54 million Unit Offering by Energy Transfer Partners

Energy Transfer Partners, L.P. in Dallas has announced the pricing of common unit offering. The offering totals 54,000,000 common units representing limited partner interests and the pricing will be at $18.65 a unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facilities. The funds will …

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