November 2017 archive

Tax Honor System Not Working in New Mexico

State lawmakers in New Mexico were told this week the state is missing out on millions of dollars in revenue because oil and gas companies are not reporting their drilling rigs and miles of pipelines. Appraisal expert Jerry Wisdom, owner of Total Assessment Solutions Corp. testified before a panel of lawmakers and said the honor …

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Two Members Join Board at HollyFrontier

HollyFrontier Corporation, the Dallas-based company with refineries in Tulsa, Oklahoma and El Dorado, Kansas announced the appointment this week of two new members to its Board of Directors. The naming of Anne-Marie N. Ainsworth and Anna C. Catalono will increase the size of the Board to eleven directors and increase the number of independent directors …

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Legal Expert Says Pruitt’s Science Advisory Board Ban is Illegal

At least one environmental lawyer maintains that Scott Pruitt’s decision last week to bar scientists who get EPA grants from sitting on the agency’s science advisory boards is illegal. It’s what E and E News is reporting about Michael Burger, director of Columbia University’s Sabin Center for Climate Change Law. The agency has 22 of …

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Permits to Drill – October 20, 2017 through November 7, 2017

  COUNTY Well Name SCTN TWN RNG SPOT Approval Date Scan Date API Document Alfalfa REBECCA 2412 2H-12 D 12 24N 12W SE SW SW SE Nov-07-2017 Nov-07-2017 00323294 500612503 Alfalfa MOSER 2412 1H-05C 5 24N 12W NE NW NW NE Nov-02-2017 Nov-02-2017 00323295 5563048 Beaver PWEF 1 5 3N 22E M NW SE NE …

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OCC Close to Getting Permits and Completion Reports Available

The Oklahoma Corporation Commission indicates that it is getting closer to making final repairs in the wake of the hacking incident of more than two weeks ago. And that’s good news to readers of OK Energy Today because the files for permits and completion reports might be available yet this week. Robert Winslow at OklahomaWells.com …

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County Bridges to Get Updates in State’s 5-year Plan

A stamp of approval was given this week by the Oklahoma Transportation Commission to a $926 million five-year road and bridge improvement plan in the state. Over the next five years, work will be carried out replacing or rehabilitating an estimated 400 county bridges. Some have been determined to be structurally deficient or obsolete. At …

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Nearly $11 million Third Quarter Profit for Continental Resources

Oklahoma City’s Continental Resources reported third quarter profit of $10.62 million. “Continental’s performance year-to-date demonstrates industry leadership in capital disciplined production growth,” said Harold Hamm, Chairman and Chief Executive Officer. The profit translated into $0.03 per diluted share for the quarter ending Sept. 30, 2017. “Continental’s operations continue to become more capital efficient each quarter, allowing us to …

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Hart Energy’s Shale Visionary Inaugural Award Presented to Larry Nichols

Larry Nichols was recently named as the inaugural recipient of Hart Energy’s Shale Visionary Award, according to a press release issued Tuesday. Nichols, who co-founded Oklahoma City-based Devon Energy Corporation with his father in 1971, accepted the award at Hart Energy’s annual Executive Oil Conference held in Midland. “Today, horizontal drilling and hydraulic fracturing are …

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WTI and Brent Crude Retreat on Tuesday

Oil prices finished lower Tuesday, retreating from the more than two-year highs they reached a day earlier on the back of a purge of high-level figures in Saudi Arabia, a key crude producer. On the New York Mercantile Exchange, December West Texas Intermediate crude declined by 15 cents, or 0.3%, to settle at $57.20 a barrel. …

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Pony Oil Hires Nick Strawn as Chief Legal Officer

Dallas-based Pony Oil, LLC has hired Nicholas Strawn to serve as the company’s chief legal officer, according to a company press release issued Tuesday. Strawn will be responsible for leading the legal team and reviewing all oil and gas transactions. “We are excited for Nick to be joining our team,” said John Paul Merritt, Pony …

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