June 15, 2016 archive

Devon Energy Divests Total of $2.1 Billion as Part of Restructuring Efforts

In an effort to transform itself through restructuring, Oklahoma City-based Devon Energy Corp. announced on Wednesday that it will sell all remaining non-core assets in the Midland Basin of west Texas for a combined $858 million in two separate transactions. The latest non-core divestitures bump up the company’s recent sales amounting for nearly $2.1 billion, according to the company’s …

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Oil Futures Fall Lower on Wednesday

Crude oil futures finished lower on Wednesday as traders remained concerned about the buildup of U.S. oil supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude slid 48 cents, or 1%, to end trading at $48.01 a barrel, marking a fifth consecutive decline. Earlier in the day, WTI …

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Permits to Drill June 16, 2016

Canadian County THE SLOT 14-13N-8W #1H, June 15 2016 14 13N 8W SESWSESE API: 01724909 Lat: 35.5956417365688, Long: -98.0152167510766 DEVON ENERGY PRODUCTION CO LP HH, DR, 14734 ft, MISSISSIPPI LIME(9965) Garvin County GREEN #1-28, June 15 2016 28 3N 1W NESWNWSW API: 04923557 Lat: 34.70053480825855, Long: -97.31628052952797 XANADU EXPLORATION COMPANY SH, RC, 5280 ft, DEESE …

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Bar Association Luncheon to Hear Update on Earthquakes in Oklahoma

  Water and earthquakes will be the topic of the Oklahoma Bar Association’s General counsels’ Forum luncheon on Friday in Oklahoma City. Dr. Kyle E. Murray, a hydrogeologist for the Oklahoma Geological Survey and Adjunct Faculty for the ConocoPhillips School of Geology and geophysics at the University of Oklahoma will be the speaker. As the …

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Senate Approves National Pipeline Bill

President Obama is expected to sign a final version of legislation approved this week by the U.S. Senate to ensure the safety of the nation’s pipeline network. Approval of S. 2276, the PIPES Act came Tuesday night and reauthorizes the Pipeline and Hazardous Materials Safety Administration (PHMSA) through fiscal year 2019. Senator Jim Inhofe, chairman …

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Nation’s First Study of Fracking Wells Emissions Completed in Colorado

In a study that will be the first of its kind nationwide, Colorado researchers plan to assess new data on air pollution from fracking wells in their state and use it to determine whether the emissions are harmful to human health. New data was released this week after a three-year study at Colorado State University measured …

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New Weekly Record for Ethanol Production in U.S.

A new weekly record for ethanol production is reported by the Energy Information Administration. Ethanol produced increased 7,000 barrels a day from last week, hitting 1.013 million barrels a day or 42.55 million gallons daily. The four week average stood at 981,000 barrels a day for an annualized rate of 15.04 billion gallons. As of …

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Old Continental Resources Battle Before DC Circuit Court

An appeal by Oklahoma City-based Continental Resources Inc. to a 2013 ruling by the U.S. Department of Interior forcing the energy giant to pay nearly $2 million more in natural gas royalties is being heard by the D.C. Circuit in Washington. This week, the Interior Department argued the company waited too long to lodge a …

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Williams and ETE Continue Their Squabble Over Shotgun Marriage

Some say the proposed contentious merger between Tulsa’s Williams Companies and Energy Transfer Equity of Dallas is more like a shotgun marriage. Williams wants to force the deal by suing ETE while ETE wants to dump Williams on the altar. Now days before a lawsuit by  Williams Companies against Energy Transfer Equity goes to trial …

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Report Claims 40 Counties in Oklahoma at High Cancer Risk from Oil and Gas Industry Fumes

Oklahoma is considered among a handful of states with the greatest cancer risk to oil and gas workers from methane and air toxics emissions in the industry, according to a new report from the Clean Air Task Force. The study found that areas with the greatest health risk are generally located in states with the …

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