Analysts say New Tax Law Will Cause Surge in Capital Improvement Projects in Energy

We’ve already seen announcements of pipeline construction and deals in Oklahoma, Texas and Kansas and whether it stems from the new federal tax reform remains in doubt. In all liklihood, the deals were in the works as Congress debated the merits of the reforms before passing them. But energy industry lobbyists and analysts are suggesting …

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New Yorker Sues Because Fracking is Banned on His Land

Just because political leaders in New York convinced the state to ban fracking doesn’t mean everyone’s against it. Take the recent case of attorney David Morabito of East Rochester. He’s been fighting the hydraulic fracturing ban for years and recently filed a lawsuit trying to force New York to compensate him for the oil and …

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Record Annual Production for 2017 in Permian Basin

  It is the largest oil play in the U.S. and now the Permian Basin has yielded more barrels of oil than ever before. The production of the play in West Texas came to 815 million barrels in 2017. The previous record was 790 million in 1973 according to IHS Markit. “The magnitude of the …

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Stench Leads to Energy Company Cited in One Texas City

Many the feedlot operator who had a quick response for visitors who complained of the smell, “That’s the smell of money.” Such was the case for the past several months in Odessa, Texas where growing complaints from residents led to a state investigation and wrongful accusations against one energy company. Their complaints didn’t focus on …

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Could be a Long Stay in Puerto Rico for OGE Crews

When OGE crews arrive in Puerto Rico in the next several days to began restoring electricity, it won’t be a pretty picture. While Oklahomans might endure power outages of several hours to several days, it pales in comparison to what some Puerto Ricans have suffered. In the city of Morovis, the 30,000 residents in the …

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Rig Count Remains Steady in Oklahoma and Drops Nationally

Oklahoma’s rig count in the past week remained steady with 120 oil and gas rigs while the nation’s count dropped by 2 to reach 929. Reports from Baker Hughes and the Independent Oil and Gas Service indicated the U.S. count is still 271 more than a year ago. In the past year, the increase included …

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California Energy Firm Purchases Western Kansas Wells—–Targets Others in Oklahoma

California-based Western Global Oil says it has purchased several producing oil wells in western Kansas and plans to acquire 18 others in Kingfisher County in Oklahoma. Headquartered in Rancho Mirage, California, the company’s Kansas purchases came in Thomas County. The cities of Colby and Oakley are in the county that is along Interstate 70 in …

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Trump Administration Erases Obama era Fracking Rules on Federal Lands

Weeks after the 10th U.S. Circuit Court of Appeals declined to rule in a fight over fracking and other oil and gas drilling rules on government lands, the Trump administration has rescinded the proposed rules. The move was announced Thursday and put into effect on Friday as the rules developed under former President Barack Obama …

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SandRidge Bows to Pressure—-Cancels Merger With Bonanza Creek Energy

It was short and sweet!  SandRidge Energy’s message of canceling its proposed $742 million merger with Bonanza Creek Energy of Denver, Colorado. The reason? Too much opposition from Carl Icahn and another big investor, Fir Tree Energy in New York City. Icahn and his companies control 13.5 percent of SandRidge stock while Fir Tree has …

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Single Digit Weather to Return to State New Year’s Day

Brace for a bitterly cold New Year’s Eve and Day.  Temperatures will drop to the single digits in a large part of the state of Oklahoma. In the words of State Climatologist Gary McManus at the Oklahoma Mesonet, “Mother Nature is saving the best (worst) for last AND first with another blast of the North …

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