May 12, 2016 archive

Oklahoma Senate Passes Bill Eliminating Tax Credit for Distressed Wells

A bill passed by the Oklahoma Senate on Thursday would eliminate a tax rebate for economically at-risk oil wells, resulting in a savings of over $130 million for the state. The bill — SB 1577 — authored by Senate President Pro Tempore Brian Bingman and House of Representatives Speaker Jeff Hickman, was approved by a …

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Crude Oil Futures Continue to Rise on Thursday

Oil futures maintained positive momentum on Thursday, settling at over $46 a barrel after achieving a new six-month record, according to Bloomberg MarketWatch. Oil prices have seesawed recently due to a myriad of issues including Iran’s efforts to boost production yield, outages causing a decline in global production and a continued dip in crude inventories. …

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Permits to Drill May 13, 2016

Alfalfa County PRESLEY SWD #1-27, May 12 2016 27 27N 11W SESWSWSE API: 00322163 Lat: 36.783389483397556, Long: -98.36724547488187 SANDRIDGE EXPLORATION & PRODUCTION LLC SH, RC, 7464 ft, TONKAWA(4250), COTTAGE GROVE(4614) Canadian County SUN UP 29-14N-6W #1H, May 12 2016 29 14N 6W SWSESWSW API: 01724903 Lat: 35.65370032644411, Long: -97.8674693028362 DEVON ENERGY PRODUCTION CO LP HH, …

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Completion Reports May 13, 2016

ALFALFA COUNTY Chesapeake Operating Llc 14 25N 12W Dutch Harbor Swd 1-14, March 12, 2016 DH, DISP, TD: 10112 ft Lat: 36.63819, Long: -98.45139 API: 35003219310004 ELLIS COUNTY Jones Energy Llc Cleveland(8457): Oil 120 Gas 387 Water 238 Pump 27 20N 23W Raiders 27 6hr, August 10, 2015 HH, OIL, TD: 12999 ft Lat: 36.17458, …

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EPA Unveils New Rules Targeting Methane Emissions from Oil and Gas

Final regulations clamping down on methane emissions from new and modified oil and gas operations were finalized Thursday by the U.S. Environmental Protection Agency. It’s part of the Obama administration’s effort to slash emissions by 40 to 45 percent from 2012 levels by 2025. The rule is aimed at preventing 11 million metric tons of …

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Rep. Bridenstine Praises Feds Over Prairie Chicken Decision

The U.S. Fish and Wildlife Service decided this week not to pursue relisting the Lesser Prairie Chicken as a threatened species, an announcement that drew applause from Oklahoma Congressman Jim Bridenstine. “This has long been an effort by members of congress from Oklahoma. I’m glad the USFWS has received the message,” said Rep. Bridenstine after …

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T-Boone Pickens Throws Support to Donald Trump

Because of his close ties to Oklahoma’s oil and gas industry and to Oklahoma State University, it seems many fans of billionaire oilman T-Boon Pickens pay close attention when he speaks. This week, he spoke in Las Vegas while attending a hedge fund conference and told reporters he will support Donald Trump, the man most …

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Governor Signs Bill Eliminating Scenic Rivers Commission

One of the 13 bills signed into law Wednesday by Gov. Mary Fallin does away with the 39-year old Oklahoma Scenic Rives Commission and consolidates it with the Grand River Dam Authority. Under SB 1383, the responsibilities of the Commission will be assumed by the GRDA effective July 1, 201. “Effective July 1, 2016, the …

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Solar Plane Enroute to Tulsa—-Pilot Says Plane Can Stay in the Air Forever

The solar-powered airplane, Solar Impulse 2 is scheduled to land late tonight in Tulsa, enroute from Phoenix, Arizona on an18-hour flight. Tulsa was picked at the last minute as a landing site because of clear weather. Those behind the round-the-world flight attempt that started in March 2015 in the United Arab Emirates must be careful …

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Sen. Lankford Calls Endangered Species List a New Weapon of the Environmental Left

  Oklahoma U.S. Sen. James Lankford contends the American Burying Beetle is another example of what he calls the “new weapon of the environmental left.” That’s why he recently wrote the U.S. Fish and Wildlife Service to ask it to remove the insect from its endangered species list, a story we reported on last week. …

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