February 2017 archive

Company Fined $1 million for Oil Pipeline Spill

  A Casper, Wyoming-based pipeline company will have to cough up $1 million because of an oil pipeline spill that happened in 2015 in the state of Montana. Bridger Pipeline LLC will be forced to give $800,000 to environmental projects and another $200,000 to the state’s general fund according to an announcement by the Montana …

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Texas and New Mexico Remain at Odds in Water Fight

In a water fight between Texas and New Mexico, a special master named by the U.S. Supreme Court says Texas might have a case in claiming New Mexico is overusing water government by a 1938 state water-sharing agreement. It means the dispute will continue in the courts. The Special Master issued a report recommending the …

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Tulsa Federal Judge Rules Against Landowner in Fight with BIA in Osage County

A Tulsa Federal Judge has dismissed a lawsuit in a battle over hydraulic fracturing leases involving the Bureau of Indian Affairs and a company with oil and gas leases and permits on the Osage Nation’s reservation. Judge Claire V. Eagan ruled late last week against Lyman Gilbert Lenker, the trustee for the Virginia Lenker Irrevocable Trust. …

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Chesapeake Fights $439 million Bond Ruling—-Heads to Supreme Court

  Oklahoma City-based Chesapeake Energy Corp. thinks the U.S. Supreme Court should have a say in a $439 million judgment that was issued against the company last fall in a dispute over a bond issuance. It was a fight in part that grew out of debt run up by the late Aubrey McClendon when he …

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New $600 million Credit Announced by SandRidge Energy

Oklahoma City-based SandRidge Energy announced Monday it entered into a new $600 million reserve based credit facility with a $425 million borrowing base. The move was effective Feb. 10, 2017. The announcement indicated that the refinancing amended the terms of the previous credit facility and provides the company with an increased principal commitment to $600 …

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Summary of Permits and Completion Reports for the Week of February 6-10, 2017

The week of February 6-10, 2017 proved busier with permitting than completions in Oklahoma. A total of 62 permits were filed with the Oklahoma Corporation Commission between February 6, 2017 through February 10, 2017. Kingfisher and Canadian Counties led the way with six new permits for each county. Blaine and Garvin Counties followed with five …

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Tribe and State Win Court Order Against Storing of Uranium Contamination at Gore

Plans by a firm to permanently store uranium contaminated sludge at the former Sequoyah Fuels facility near Gore in eastern Oklahoma are on temporary hold after the State and the Cherokee Nation went to federal court to win a temporary restraining order. The State and the Tribe fear possible contamination of the nearby Arkansas and …

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Crude Oil Futures Advance, Natural Gas Retreats on Friday

Crude oil prices forged ahead on Friday, scoring their highest finish since the start of the month after the International Energy Agency lifted its forecast for global oil demand and estimated strong compliance with OPEC’s pledge to cut output, according to Bloomberg MarketWatch. March West Texas Intermediate crude rose 86 cents, or 1.6%, to settle at …

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Completion Reports February 13, 2017

  CANADIAN COUNTY Linn Operating Inc 15 10N 5W Mcneff 22-10-5 1h, December 29, 2016 HH, OIL, TD: 13688 ft Lat: 35.33440, Long: -97.72211 API: 35017249350000 ELLIS COUNTY Jones Energy Llc 10 20N 26W Neidens 10 4h, June 16, 2016 HH, OIL, TD: 12590 ft Lat: 36.23068, Long: -99.96121 API: 35045236100000 GARFIELD COUNTY White Star …

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Permits to Drill February 13, 2017

  Alfalfa County ARUBA 2412 #1H-10 B, February 10 2017 15 24N 12W NWNENWNE API: 00323273 Lat: 36.563869003360686, Long: -98.46896998516138 MIDSTATES PETROLEUM COMPANY LLC HH, DR, 11200 ft, MISSISSIPPIAN(6365) Blaine County PORKCHOP 34-15N-11W #1H, February 10 2017 34 15N 11W SWSESWSW API: 01123742 Lat: 35.725865654185625, Long: -98.364012899922 PALOMA OPERATING CO INC DH, DR, 13020 ft, …

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