2016 archive

North Dakota Requires More Monitoring of Massive Oil Pipeline

Dallas-based Energy Transfer Partners will have to cough up another $100,000 to pay for an independent review of its construction of the biggest-capacity pipeline proposed to move crude from North Dakota’s oil patch. The state Emergency Commissio…

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North Dakota Requires More Monitoring of Massive Oil Pipeline

Dallas-based Energy Transfer Partners will have to cough up another $100,000 to pay for an independent review of its construction of the biggest-capacity pipeline proposed to move crude from North Dakota’s oil patch. The state Emergency Commission vote…

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Profit Takers Turn Crude Prices Lower on Friday

Profit taking pushed crude prices lower on Friday. April West Texas Intermediate crude on the New York Mercantile Exchange lost 29 cents to end trade at $32.78 a barrel. On the London ICE Futures Exchange, April Brent crude fell 19 cents to settle at $…

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Chesapeake Energy Hit with Downgrading by Fitch Ratings

Another round of bad news for Oklahoma City-based Chesapeake Energy as Fitch ratings has downgraded the company’s long-term issuer defaulting rating from ‘B’ to ‘B-‘, according to an announcement by the Chicago based firm.
Fitch indicated the downgrad…

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Completion re[ports February 29, 2016

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Permits to drill February 29, 2016

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OGE Moves up Construction of Wind Farm Transmission Line

The construction of a $190 million transmission line to connect wind farms in northwest Oklahoma is being moved up by Oklahoma Gas and Electric. Instead of waiting another three years, the utility plans to begin construction early in 2017 on the 126-mi…

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Rig Losses Slow Nationwide and Remain Steady in Oklahoma

The nation lost more rigs in the oil and gas industry in the past week while the losses leveled off in Oklahoma, according to the latest data from Baker Hughes Company of Houston, Texas.
Oklahoma remained at 73 but was still far below the count of 146…

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Manufacturing Industry Hurt by Energy Downturn

Closing at its lowest mark since 2009, the Tenth District Manufacturing Survey for February was released. The survey reflected a continued pattern of deterioration over the past few months coming from both durable and nondurable goods factories.
“Ener…

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Rig Losses Slow Nationwide and Remain Steady in Oklahoma

The nation lost more rigs in the oil and gas industry in the past week while the losses leveled off in Oklahoma, according to the latest data from Baker Hughes Company of Houston, Texas.
Oklahoma remained at 73 but was still far below the count of 146…

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