August 2017 archive

Land Given to OU Turns into a Gold Mine for the School

The resurgence of oil and gas exploration in Oklahoma has turned out to be a surprising source of new revenue for the University of Oklahoma. As Bloomberg News reported recently, the university has been the recipient of millions of dollars from mineral rights on land given to the school decades ago. Until recently, the mineral …

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Coal Miner Killed in Northwest Colorado

A worker at a northwestern Colorado coal processing plant has become the 11th person to die at a coal mine in the U.S. this year. The 32-year old man was a surface mechanic at a mine operated by Blue Mountain Energy Co. near the small community of Rangely. He was found under a two-ton container …

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Jones Energy Produces 8 New Oklahoma Wells—Focusing Now Solely on Anadarko Basin

Austin, Texas-based Jones Energy continues moving eastward in Oklahoma with its drilling exploration, making three finds in Canadian County, not to mention 7 other wells around the state. And it is moving to focus only in the Anadarko Basin. As reported on OK Energy Today’s well completion reports, the company had a multi-unit operation at the …

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New Software to Help DOT Inspect Bridges Following Earthquakes

The Oklahoma Transportation Department has resorted to high-technology in the wake of the surge of earthquakes in the state. It has implemented the use of “ShakeCast”, a program created by the U.S. Geological Survey to help assess any damage to existing bridges. ShakeCast is in the final stage of a two-year, two-phase nearly $650,000 contract …

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Oil and Gas Revenues Shore Up State Tax Collections for July

“The body of evidence supporting economic recovery is growing.” Oklahoma Treasurer Ken Miller.   Oil and gas tax revenue once again led the way in the latest revenue report issued by the Oklahoma Treasurer. July Gross Receipts, said Ken Miller provided additional evidence of an expanding Oklahoma economy. Total collections topped the July 2016 report …

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Governor Creates Task Force to Study Corporation Commission

The move to assess whether improvements can be made to the way the Oklahoma Corporation Commission functions is underway. Governor Mary Fallin on Monday issued an executive order establishing a task force to undertake an organizational analysis of the commission. Her order created the Second Century Corporation Commission Task Force. It will be made up …

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WTI and Brent Crude Stumble on Monday

Oil futures finished lower Monday as a multi-day OPEC meeting commenced regarding the production cuts and their impact, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas intermediate dropped 19 cents, or 0.4%, to settle at $49.39 a barrel. October Brent crude, the global benchmark, shed 5 cents, or 0.1%, to …

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Completion Reports August 8, 2017

  BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian(9368): Oil 826 Gas 1443 Water 609 Flow 1 16N 10W Stark 6h-1lmx, May 18, 2017 HH, OIL, TD: 19892 ft Lat: 35.89776, Long: -98.21795 API: 35011237120000 CANADIAN COUNTY Jones Energy Llc Mississippian(9613): Oil 628 Gas 6233 Water 1174 Flow 20 12N 7W Bomhoff 20-12-7 2h, May 29, 2017 HH, OIL, TD: 14991 ft Lat: 35.49414, Long: -97.97150 API: 35017249760000 …

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Permits to Drill August 8, 2017

  Blaine County EAR RINGS #1-15H, August 07 2017 15 17N 13W SWSESWSW API: 01123841 Lat: 35.94309847960962, Long: -98.5809613205543 COUNCIL OAK RESOURCES LLC HH, DR, 16300 ft, MISSISSIPPIAN(10271), WOODFORD(10970) Ellis County BERRYMAN #1423 5H, August 07 2017 11 17N 24W S2S2S2S2 API: 04523686 Lat: 35.9559344644741, Long: -99.72893867354689 EOG RESOURCES INC HH, DR, 20428 ft, MARMATON(9450) Hughes County …

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Texas Panhandle Storm Knocked Out Power to Dozens of Oilfield Units

A strong thunderstorm packing high winds caused extensive damage around Pampa, Texas over weekend, leaving dozens of oil pumping units without power. The Amarillo Globe-News reported more than 40 utility poles were downed in the Saturday storm. Crews with Xcel Energy spent the weekend attempting to restore power, but the Pamp Regional Medical Center was …

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