May 11, 2018 archive

Rig Counts Are up in U.S. and in Oklahoma

Rig counts jumped 13 nationwide in the past week while Oklahoma’s count was up three according to figures from Baker Hughes Co. and the Independent Oil and Gas Service’s Redtop Rig Report. Oklahoma’s count grew to 138.  Nationally, the count is up to 1,045 with ten more oil and 3 more gas rigs in the …

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STACK Success Grows for Continental Resources

Blaine county in the STACK continues to be a blessing for Oklahoma City’s Continental Resources as the company’s latest completion reports show major production from a handful of wells. In filings made this past week, Continental again has found success in multi-pad drilling sites from wells where it previously had large producing wells. OK Energy …

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Well Completions for May 3-May 9

Here is the Weekly Completions Report.  The table below provides a summary of the Completion tickets (Form 1002A) that have been published between May 3rd and close of business on May 9th. The table includes the Initial Production data for Oil (b/d), Gas (MCF/d) and Water (b/d). There are two links in the table: – The SPOT …

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Permits to drill for May 3-May 9

This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between May 3rd and close of business on May 9th.  There are two links on each line: – The SPOT link will take you to the well location on Google Maps.  So, if you need it, this will …

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New Pipeline to be built to serve Oklahoma’s STACK

Three companies have joined forces to announce plans to construct a new 65-mile long 16-inch crude oil pipeline to serve Oklahoma’s STACK oil play. Kingfisher Midstream, LLC and Blueknight Energy Partners, L.P. based in Oklahoma City and affiliates of Ergon, Inc. plan to construct the Cimarron Express Pipeline, carrying oil from northeastern Kingfisher county to …

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Dividend Declared by Tulsa’s Williams Companies.

Tulsa’s Williams board has announced a 34-cent a share dividend which translates into $1.36 annualized for the company’s common stock. It will be payable June 25 to holders of record at the close of business June 8, 2018. The new amount is a 13.33 percent increase from Williams’ second-quarter 2017 quarterly dividend of $0.30 per …

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Range Resources Faces Challenge from One Investor

  Range Resources Corporation, a Fort Worth company that has leasing goals in Oklahoma is facing problems with a major New York investment firm. Stelliam Investment Management LP informed Range Resource management this week it intends to vote against the company’s board nominees at the upcoming May 16 annual meeting. Stelliam owns 8.9 million shares …

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Company Gets Commitments to Finish EPIC Pipeline in West Texas

San Antonio’s EPIC Midstream Holdings LP says it has secured strategic partnerships for its 730 mile long EPIC crude oil pipeline to carry oil from southeastern New Mexico to Corpus Christi, Texas. Three years in the making the line will run side-by-side with the EPIC Natural Gas liquids line. Apache Corporation and Noble Energy have …

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Saltwater Disposal Business Grows for Tulsa’s Cypress Energy Partners

  Tulsa-based Cypress Energy Partners, L.P. reported first quarter 2018 revenue of $64.8 million, slightly higher than a year ago. It also indicated its saltwater business is growing, thanks to well completions in North Dakota. Leadership blamed the “seasonally low first quarter” on a low margin Canadian customer that the company elected to cease serving. …

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Small Oil Leak from OKC Pipeline

Cleanup continues on a small oil leak that happened Thursday from a well in northwest Oklahoma City. An estimated 10 barrels of oil spewed from a well in the 17,600 block of N. Pennsylvania Avenue, drawing the attention of neighbors and eventually attracting firefighters. The yellow raw crude oil forced the temporary shutdown of Pennsylvania …

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