February 2018 archive

Oil Companies Fight Lawsuit After 2016 Pawnee Earthquake

A Pawnee County District Court Judge has set a late February hearing as a lawsuit filed after the 5.8 magnitude earthquake in Pawnee in 2016 progresses. The suit filed by Johnny Lee and Janice Marie Bryant was one of the first to be filed following the quake that caused extensive damage to homes and businesses …

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XTO Gas Well Yet to be Capped After Explosion

Houston-based XTO Energy, the ExxonMobil subsidiary with more than a million acres of holdings in Oklahoma has problems with a natural gas well that exploded last week in West Virginia. At last word, residents within a mile of the well near Powhatan Point were not allowed back into their homes following the Thursday explosion that …

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Democrats Push GOP Leadership to Move Forward With Auditor Jones’ Budget Plan

Oklahoma State Auditor Gary Jones is getting more support from Democrats in the State House for his proposed plan to solve the state government budget crisis.  After the House approved $44 million in budget cuts on Monday, Democrats unleashed criticism of House leaders for not allowing the introduction of what Jones has proposed. A press …

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Big 4th Quarter for OKC’s Enable Midstream Partners

Oklahoma City’s Enable Midstream Partners, LP reported a big fourth quarter earnings report showing a $40 million increase in earnings from a year ago. Netcome from limited partners for the fourth quarter 2017 totaled $108 million, far more than the $68 million reported in December 2016. The company also reported net income for common units …

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Holly Energy Reports Big Jump in 2017 Earnings

Nothing like an increase in the price of oil to help a company increase its profits as indicated by Dallas-based Holly Energy Partners, L.P. The company reported its fourth quarter 2017 net income was $86.1 million, more than double the $41.4 million it reported for the fourth quarter of 2016. For shareholders, that’s a jump …

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Quarterly Earnings Up at Noble Midstream Partners

Houston’s Noble Midstream Partners LP reported fourth quarter 2017 net income of $46 million from quarterly revenue totaling $68 million. It resulted in a 4.7% increase over the third quarter of distribution per share totaling $0.4883. The company also said it represented a 24% year-over-year increase. Noble also reported oil and gas gathering volumes of …

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Oil Pipeline Leak Contaminates Pond Near Yukon

A small pond was contaminated with oil after a 16-inch Centurion Company pipeline burst over the weekend near Yukon. Cleanup is still underway. It was early Sunday morning when the line broke under a 10-acre pond and oil bubbled to the surface in the Savannah Estates near Memorial Road and County Line Road. “It didn’t …

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Oil Well Produces 1,500 Barrels a Day Near Blanchard

Months after hitting a well that produced nearly 1,500 barrels of oil a day in the SCOOP, Dallas-based Merit Energy filed a completion report with the Oklahoma Corporation Commission. The Larry 1H-22X, located at 27 8N 4W in McClain  County had production of 1,477 boe/d when it was tested Dec. 29, 2017. The well, located …

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Engineers Still Rate Oklahoma Bridges and Roads in Bad Shape

By Congressman Markwayne Mullin Clunk.  Clunk.  Clunk. You’re driving down Highway 69 on your way to work and the roads are full of potholes the size of our neighboring state of Texas and uneven pavement that makes you feel like you’re on a roller coaster.  These roads that thousands of Oklahomans travel daily to get …

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Criticism Prompts Pruitt to Cancel Israeli Trip

All that scrutiny over his first-class travels and use of military planes caused Environmental Protection Agency Administrator Scott Pruitt to cancel a planned trip to Israel. He was scheduled to leave on the anniversary of his first year in office but called off the nearly week-long trip on Sunday. “We decided to postpone; the administrator …

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