September 2017 archive

Oil and Gas Expo Approaching in OKC

The annual Oklahoma Oil and Gas Expo is in nearly two weeks and sponsors say it will include more than 300 exhibitors at the State Fair Park in Oklahoma City. And the STACK and the SCOOP plays might create added interest. Sponsored by Sustaining Oklahoma’s Energy Resources, part of the Oklahoma Energy Resources Board, the …

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Guthrie Legislator Blasts State Leaders for Anti-Business Move

Guthrie Rep. Jason Murphey calls it “just one more example of another anti-business policy by Oklahoma’s money-grabbing politicians.” Writing for The McCarville Report, the Republican legislator refers to the removal of the state compensation to businesses for the collection of sales taxes. He blames politicians “who are far removed from reality and the real world …

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Senate Budget Fix Includes Gas Tax Hike and Elimination of Sales Tax Exemption for Wind Industry

An increase in Oklahoma’s motor fuels tax is part of the State Senate budget plan released this week by President Pro Tempore Senator Mike Schulz. The plan also includes total elimination of sales tax exemptions for the wind industry. “This plan not only addresses the immediate need of $215 million for critical health care agencies …

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Legal Fight Grows in Keystone XL Pipeline Effort

TransCanada and the Trump administration have repeated their claim in Montana federal court that lawsuits by environmentalists fighting the Keystone XL pipeline should be dismissed. In four separate filings, TransCanada and the federal government argued presidential approval of the proposed pipeline that would link to the Keystone line in Oklahoma offset any legal challenge. Earlier …

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Details Revealed in Latest Electrical Power Merger in Kansas

A nearly 400-page government filing reveals some of the details in the latest proposed merger of Westar Energy and Great Plains Energy in Kansas, a more than $12 billion deal initially stopped last spring by the Kansas Corporation Commission. As the Topeka Capital Journal reported this week, details of the six weeks of renewed talks …

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Another Delay of KC-46 Tanker at Altus Air Force Base

The Air Force’s new KC-46 air refueling tanker might not be delivered this year to Altus Air Force base because of development programs. Altus is where the training for the giant plane will take place but the Seattle Times reports delivery has been delayed from this fall into next year. The paper quotes sources as …

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Chaparral Strikes Sweetheart Deal with Bayou City Energy to Fund 30 New STACK Wells

Oklahoma City-based Chaparral Energy, Inc. and Houston-based Bayou City Energy, L.P. announced the creation of a joint venture drilling operation to fund further development of Chaparral’s 110,000-acre STACK position, according to a press release issued on Monday. “We are pleased to announce our partnership with Bayou City, whose significant investment experience and success in the …

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Crude Oil Prices Surge on Monday

The bulls are running loose! Climbing more than 20% since June, crude oil futures rose sharply higher on Monday for both benchmarks, according to Bloomberg MarketWatch. October West Texas Intermediate crude jumped $1.56, or 3.1%, to settle at $52.22 a barrel on the New York Mercantile Exchange. Prices saw their highest settlement since mid-April. November Brent …

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Completion Reports September 26, 2017

  BLAINE COUNTY Council Oak Resources Llc Mississippian(10105): Oil 295 Gas 5415 Water 2182 Flow 28 17N 12W Mayes 1-21h, June 02, 2017 HH, GAS, TD: 15095 ft Lat: 35.92720, Long: -98.47753 API: 35011237640000 HUGHES COUNTY Bravo Arkoma Llc Woodford(4601): Gas 3149 Water 1314 Flow 28 8N 11E Buford 2-28/21h, May 03, 2017 HH, GAS, TD: 12955 ft Lat: 35.13520, Long: -96.15615 API: 35063246410000 Bravo Arkoma …

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Permits to Drill September 26, 2017

  Custer County RLP #2H-3-10, May 01 2017 03 13N 14W NENENESW API: 03922501 Lat: 35.630566585096275, Long: -98.67726886569153 CITIZEN ENERGY II LLC HH, AM, 23500 ft, MISSISSIPPIAN(15550), WOODFORD(15750) Garvin County HARKREADER #2-11, September 25 2017 11 1N 3W NESWSENW API: 04924935 Lat: 34.57347236144893, Long: -97.48746745162771 CITATION OIL & GAS CORPORATION DH, RC, 10173 ft, WOODFORD(7593), HUNTON(7989), VIOLA(8143) …

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