2016 archive

Corporation Commissioners Defend Controversial Approval of OGE Coal Plant Plan

  The Oklahoma Corporation Commission’s controversial decision allowing OG&E to install a $500,000 scrubber on its coal-fired Sooner Power Plant at Red Rock is being called a “catastrophe” by critics and a forced decision by “Big Brother” by one commissioner. It took only 8 minutes for the Commission to meet and make the decision, one …

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Corporation Commission Approves OGE’s $500 Million Coal Plant Upgrade

The Oklahoma Corporation Commission approved a plan by the state’s largest electric utility to spend about $500 million to upgrade its coal-fired power plant in northern Oklahoma. The three-member regulatory panel voted unanimously on Thursday that the plan by Oklahoma Gas & Electric to install dry scrubbers at its Sooner Power Plant near Red Rock …

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Producers Seek Dismissal of Sierra Club Earthquake Suit in Federal Court

Oklahoma producers on Monday fired back at environmental groups in a legal tussle in the U.S. District Court for the Western District of Oklahoma, asking for dismissal of a lawsuit over alleged oil and natural gas injection well-induced earthquakes in the state. At issue is a lawsuit filed by the Sierra Club (Sierra Club v. …

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Energy Sector Woes Hit Hard in Oklahoma, Texas and Wyoming

The slump in crude prices is starting to show up as missed payments by consumers in the oil patch, according to a report published in The Wall Street Journal. In states from Oklahoma and Texas to North Dakota and Wyoming, rising unemployment in the energy sector is pushing up loan delinquencies and raising the risk …

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Oil Hits $46 a Barrel for First Time Since November

Oil futures settled above $46 a barrel Thursday, as seven straight weeks of declines in U.S. crude production as well as weakness in the dollar helped lift prices to their best level in nearly six months, according to Bloomberg MarketWatch. Some analysts questioned whether crude will continue its positive momentum given a lack of significant …

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T. Boone Pickens: America’s Oil Industry is ‘Dead in the Water’

Billionaire energy investor T. Boone Pickens said earlier this week that he believes the U.S. oil industry is “dead in the water” as OPEC members continue to pump more crude and U.S. companies curb drilling. Speaking at a dinner hosted by the Committee to Unleash Prosperity, Pickens that he doesn’t expect U.S. drilling operations to pick up again any time …

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Completion Reports April 29, 2016

ALFALFA COUNTY Chesapeake Operating Llc 8 27N 11W Dogwood 5-27-11 2h, April 14, 2016 HH, TA, TD: 10500 ft Lat: 36.84017, Long: -98.40871 API: 35003231920000 CLEVELAND COUNTY Glb Exploration Inc Hunton(5615): Water 36 Pump 13 8N 1E Kennedy 1-13, April 05, 2016 SH, DRY, TD: 7205 ft Lat: 35.16784, Long: -97.15658 API: 35027212070001 Trey Resources …

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Permits to Drill April 29, 2016

Noble County WILLIAMS #2-6, March 29 2016 06 22N 2E NWNWNESE API: 10324715 Lat: 36.41258855178482, Long: -97.12514958536163 WELLCO ENERGY INC SH, AM, 5150 ft, TONKAWA(2538), OSWEGO(3865), RED FORK(4104), MISSISSIPPI LIME(4395), WOODFORD(4602), VIOLA(4645), 1ST WILCOX(4695), 2ND WILCOX(4751), ARBUCKLE(4990) Woods County PETE 2515 #1H-24D, April 28 2016 19 25N 14W NWNWNWNW API: 15124469 Lat: 36.637469061158036, Long: -98.75490915058828 …

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Armed Services Committee Votes Against Protection for Greater Sage Grouse

  The U.S. House Armed Services Committee, including Oklahoma Representatives Steve Russell and Jim Bridenstine turned back a move by a Democratic Representative to strip part of a national defense spending bill that included exemption of protection for the greater sage-grouse on military lands. The vote was 27-35 against removing the limits as part of …

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ETE Announces Quarterly Cash Distribution

Energy Transfer Equity, L.P., the company involved in a messy merger with Tulsa-based Williams Cos. has announced a quarterly cash distribution of $0.285 per common unit. That figures to be $1.14 per unit on an annualized basis or a 16-cent a unit increase. It is also a 16% increase compared to the first quarter of …

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