April 2016 archive

10-Year Gas Storage Deal Announced by Plains All American Pipeline

A 10-year agreement has been announced by Plains All American Pipeline, L.P. based in Houston, Texas and Cheniere Energy Partners, L.P. The Pine Prairie Energy Center LL, a subsidiary of Plains All American will provide 8 billion cubic feet of firm natural gas storage to Cheniere beginning in 2018 to serve the storage needs of …

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Gas Drilling Comes to a Halt in the Barnett Shale of North Texas

A first for the Barnett Shale in north Texas—-no working gas rigs. The Fort Worth Star Telegram says RigData reported last week the count was “zero” for the field that exists under nearly 24 counties in north Texas. The newspaper reported an editor with RigData was so surprised by the lack of rigs that the …

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Three New Energy Bills Signed into Law

Oklahoma Governor Mary Fallin put her name to three more energy bills on Monday, creating new laws pertaining to underground facilities damage, the state plugging fund and solid waste disposal. The Underground Facilities Damage Prevention Act, better known as House Bill 1951 by Rep. Weldon Watson, R-Tulsa and Sen. A.J. Griffin, R-Guthrie updates the statutory …

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Survey Finds Majority of Oklahomans Support Wind Tax Credits

A new poll by a group called the Family Business Coalition adds fuel to the fiery-debate over efforts in the Oklahoma legislature to eliminate tax credits for the state’s wind industry. The Coalition says its recent poll of likely Oklahoma voters found 76% favor keeping or increasing the tax credits while only 16 percent support …

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SoCalGas Leak Still Presenting Problems in California

Two months after a blown-out natural gas well was capped near Los Angeles and nearly half of the 8,000 families evacuated have yet to return. Many have concerns of other leaks while some say they packed up to escape health problems including nausea and nosebleeds and respiratory problems caused by the leak at the SoCalGas …

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State Plans Nearly $100 million in Improvements to Municipal Airports

The Oklahoma Aeronautics Commission is proposing $98 million in improvements to airports around the state in the coming two fiscal years. Projects are 40 airports within the state system are included in the Capital Improvement Program for fiscal years 2017-2019. The majority of the projects, according to Vic Bird, director of the Aeronautics Commission will …

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Oklahoma Gasoline Hits $1.92 a Gallon….Still Among Lowest in the U.S.

Gasoline prices have hit an average $1.92 a gallon in Oklahoma this week, according to the latest Fuel Gauge Report from AAA Oklahoma. That’s about a penny less than one week ago but also 58 cents more than the 2016 low of $1.34 reached on Feb. 13. Nationally, the average is $2.14 a gallon which …

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Seventy Seven Energy Reports 1Q Loss of $59 Million

Seventy Seven Energy Inc. missed analyst expectations on Monday and reported a first-quarter net loss of $59.6 million, or $1.09 a share, as reported by Adam Wilmoth of The Oklahoman. The Oklahoma City-based oil field services company’s first-quarter earnings were down from a net loss of $37.6 million, or 78 cents a share from a …

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Crude Oil Futures End Lower Monday Amid Signs of Rising Production

Oil futures settled lower on Monday, pulling back after a strong rally last week, on signs of rising global production. Kuwait’s crude production is recovering after its recent workers’ strike and output from Iraq has been climbing. Saudi Arabia will reportedly complete its expansion of a major oilfield next month. The country also announced an …

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Completion Reports April 26, 2016

ALFALFA COUNTY Eagle Exploration Production Llc Mississippi Lime: Oil 346 Gas 2853 Water 161 Flow 8 27N 10W Wessels 2710 8-4hm, August 02, 2015 HH, OIL, TD: 10236 ft Lat: 36.83990, Long: -98.29548 API: 35003231160000 Eagle Exploration Production Llc Mississippi Lime: Oil 436 Gas 1170 Water 743 Flow 1 27N 11W Fellers 2711 1-3hm, July …

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