May 2017 archive

State Legislator Targets Continental Resources in Fight Over Gross Production Tax

Chickasha Democratic Representative David Perryman thinks the cry  of the oil and gas industry over raising the gross production tax is a case of “The Emperor’s New Clothes.” He used it to attack an Oklahoma City oilman and to plead for higher taxes on the industry. It’s what he claimed in a press release made …

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State Supreme Court Rules Against Landowner in 6-year old Condemnation Case

An eastern Oklahoma landowner who thought his land was worth $419,000 has lost an appeal with the State Supreme Court in a fight over an underground natural gas reservoir. In a ruling earlier this month, the high court upheld a Haskell County judge’s ruling that awarded landowner Royce Larsen only $9,000 after his 80 acres …

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Nebraska to Hold Another Public Hearing on Keystone XL Pipeline Route

Another public meeting about the Keystone XL pipeline route through Nebraska has been announced by the Nebraska Public Service Commission. It will be held June 7 from 1 p.m. to 8 p.m. in O’Neill, Nebraska. The Commission will eventually decide whether to approve or disapprove the route. Public comment will be received on a first-come, …

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Environmentalists Contend Government Provides $7 billion in Annual Subsidies to Oil and Gas Industry

Several anti oil and gas groups along with the environmental group Oil Change International are out with a report showing the U.S. government provides $7 billion a year in subsidies to support fossil fuel production on federally held lands and offshore waters. The report says the billions in aid comes through a combination of direct subsidies, enforcement …

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Democrats Vow to Challenge So-Called “Change in Incentive” Rates for Oil and Gas

“You can call it what you want.  If it walks like a duck, talks like a duck, it’s a duck!  And this is a revenue-raising measure.”  Rep. Collin Walke.   The State House this week voted to pass a gross production tax bill. House Bill 2449 passed on a 54-44 vote while Republicans said it …

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WTI and Brent Crude Futures Build on Fifth Consecutive Gain

Buoyed by expectations that OPEC will extend production cuts, oil prices continued to climb on Tuesday, according to Bloomberg MarketWatch. July West Texas Intermediate crude tacked on 34 cents, or 0.7%, to settle at $51.47 a barrel on the New York Mercantile Exchange after taking over as a lead contract at Monday’s close. July Brent crude, …

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Completion Reports May 24, 2017

  ALFALFA COUNTY Midstates Petroleum Company Llc 17 25N 12W Keltner 2512 1-17 Swd, March 06, 2017 SH, DISP, TD: 7167 ft Lat: 36.65164, Long: -98.51697 API: 35003231830001 BECKHAM COUNTY Atalaya Resources Llc Des Moines: Oil 509 Gas 2356 Water 1120 Flow 33 11N 21W Barnett 29/28-11-21 2h, April 11, 2017 HH, OIL, TD: 18286 …

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Permits to Drill May 24, 2017

  Beaver County BEASLEY #1-32, May 22 2017 32 6N 24E CNESE API: 00725153 Lat: 36.941423642083144, Long: -100.47927732544046 MARLIN OIL CORPORATION SH, RC, 6940 ft, CHEROKEE(5742) Blaine County DUNN #1R-15H, May 23 2017 22 16N 13W NWNWNWNE API: 01123806 Lat: 35.85495075083358, Long: -98.56909430727981 HIGHMARK ENERGY OPERATING LLC HH, DR, 16547 ft, MISSISSIPPIAN(11170), WOODFORD(11780), HUNTON(11875) Canadian …

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NY Times Article Prompts Senator to Make Demand of EPA Chief

The New York Times article targeting Scott Pruitt, Devon Energy and Sen. James Lankford for their environmental efforts got the attention of the top Democrat on the Senate Environment and Public Works Committee. Sen. Tom Carper, a Democrat from Delaware, sent a letter to Pruitt, the EPA Administrator wanting information about settlements between Devon Energy …

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Pruitt Tells Congressional Coal Caucus “War on Coal is Over”

“The war on coal is over.”  It’s what EPA Chief Scott Pruitt told the Congressional Coal Caucus on Monday as he met with members to discuss a Trump administration budget that cuts funding for environmental and climate protections. Pruitt told the lawmakers that energy generators would not have to choose between pro-energy and pro-growth. “This …

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