June 2017 archive

NextEra Energy Strikes Out Again With Proposed Purchase in Texas

Days after NextEra suffered a second legal setback in its plans to build two windfarms near Hinton, Oklahoma, the giant energy company was rejected a second time in its $18.7 billion offer to buy Texas-based Oncor. The Texas Public Utility Commissioners ruled against NextEra and did not without any discussion, stating the purchase would not …

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Interior Secretary Wants to Know if Obama Administration Sage Grouse Plans Hinder Oil and Gas Development

More than two years after Sen. Jim Inhofe led the Senate Environment and Public Works Committee opposition to plans to protect the greater sage grouse from oil and gas drilling on federal lands, Interior Secretary Ryan Zinke is reviewing those plans. He announced this week the start of a review to determine if the plans …

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Crude Oil Futures Take a Tumble on Wednesday

Oil prices plunged to their lowest level in nearly a month on Wednesday after data revealed that domestic crude stockpiles unexpectedly rose, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude fell $2.47, or 5.1%, to settle at $45.72 a barrel, marking its lowest finish since May 4. On the …

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Completion Reports June 8, 2017

  CREEK COUNTY Mid-con Energy Operating Llc Cleveland-red Fork: Oil 20.9 Water 189 Pump 7 18N 7E Miller A-16, April 18, 2017 SH, OIL, TD: 3050 ft Lat: 36.04931, Long: -96.61902 API: 35037288490001 GARVIN COUNTY Polk B R Inc Sycamore: Oil 1 Gas 18 Water 1 Pump Hunton: Oil 3 Gas 10 Water 12 Pump …

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Permits to Drill June 8, 2017

  Blaine County REBA JO #1-13H, June 06 2017 13 15N 11W SWSESWSW API: 01123812 Lat: 35.76923516510762, Long: -98.32817164592232 CONTINENTAL RESOURCES INC HH, DR, 15705 ft, MISSISSIPPI LIME(10865) Dewey County SCHROEDER 2-19-17 #1H, June 06 2017 11 19N 17W SWNWNENE API: 04323522 Lat: 36.143427403730655, Long: -98.97711493474196 TAPSTONE ENERGY LLC HH, DR, 16100 ft, MISSISSIPPIAN(11200) Dewey …

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OKC Receives $500,000 for Brownfield Cleanup Work

Oklahoma U.S. Rep. Steve Russell says the EPA selected Oklahoma City to receive $500,000 to  help continue its work cleaning up contaminated brownfield properties. “Ultimately, actions such as these help us to be good stewards of the environment and can even save money before a situation becomes worse,” said Russell in making the announcement. Brownfields …

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Oklahoma Attorney General Joins Others in Fighting Federal Overregulation

Oklahoma Attorney General Mike Hunter is one of 16 Republican attorneys general urging the President and Congress to pass a law saying no federal agency regulations are enforceable in federal courts. They sent a letter to President Trump recently and released it this week saying they have been involved in litigation against federal agencies based …

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Dow Chemical Finishes New Plastics Plant Along Gulf Coast

  It was in the 1967 movie “The Graduate” when Mr. McGuire told Ben (Dustin Hoffman), “Plastics—-there’s a great future in plastics, Think about it. Will you think about it?” Executives at Dow Chemical apparently took the advice. Construction’s wrapped up on a new Dow Chemical plastics plant south of Houston. The Company announced this …

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EPA Gives States Another Year to Meet New Ozone Standards

No word yet how this might affect the state of Oklahoma, but the EPA this week notified governors that it’s delaying for another year any decision on which areas of the U.S. don’t meet the 2015 ozone standards. Letters were sent to Gov. Mary Fallin and others from EPA Chief Scott Pruitt who said he needs …

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Tulsa’s SemGroup Becomes Major Houston Terminal Owner With $2 billion Purchase

Tulsa-based SemGroup Corporation has announced a $2 billion acquisition of one of the largest oil terminals in the U.S. The company executed an agreement to buy Houston Fuel Oil Terminal Company from investment funds managed by Alinda Capital Partners. It’s a purchase that establishes SemGroup in the premier energy market—-the Houston Ship Channel. The terminal …

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