May 24, 2018 archive

Completion Reports May 17-23

Here is the Weekly Completions Report.  The table below provides a summary of the Completion tickets (Form 1002A) that have been published between May 17th and close of business on May 23rd. 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 week of May 17-24

This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between May 17th and close of business on May 23rd.  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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Demand for Diesel Fuel Grows as trucks Haul Oil out of Permian

A review of one sector of the energy exploration in the Permian Basin where several Oklahoma firms are active shows a growing demand for diesel to fuel the thousands of trucks in the area. One report indicated the diesel is not only for fueling the oil and gas rigs but the trucks moving oil as …

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Federal Judge nominee faces criticism over his ties to Scott Pruitt

His relationship with Scott Pruitt and Oklahoma City’s Devon Energy prompted critical questions of Oklahoma Supreme Court Justice Patrick Wyrick during his U.S. Senate confirmation hearing to be a federal judge. Democrats on the U.S. Senate Judiciary Committee were critical of Wyrick’s role in a 2014 incident where then-Attorney General Scott Pruitt used a Devon …

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Anadarko and Delaware Nation to get EPA Financial Help

No dollar amount was revealed, but the Environmental Protection Agency announced this week it is offering assistance to help the Delaware Nation in Oklahoma under a Trump Administration plan to promote agriculture and rural prosperity. The assistance is through the Local Foods, Local Places initiative that helps communities reinvest in their neighborhoods and improve quality …

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Memorial Day Weekend Gasoline Prices Continue Climbing

As we head into the long Memorial Day holiday weekend, gasoline prices continued to soar reaching a national average of $2.96 a gallon while Oklahoma drivers pay $2.70 per gallon of unleaded regular. AAA Oklahoma reports the Oklahoma average compares to $2.64 just a week ago and $2.47 a month ago. Lawton continues to have …

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25 Wastewater Disposal Wells Affected by Latest Earthquake Directive from Corporation Commission

Two energy companies are those directly affected by this week’s Oklahoma Corporation Commission directive to shut down or drastically curtail wastewater well operations near Crescent following a series of recent earthquakes. They are Stephens Energy Group LLC based in Fort Smith, Arkansas and White Star Petroleum LLC headquartered in Oklahoma City. Stephens was under a …

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$1.75 billion Cash Tender Offer Announced by ConocoPhillips

A cash tender offer totaling $1.75 billion in outstanding notes has been announced by ConocoPhillips. The Houston-based company with large operations in Oklahoma is offering to purchase a lengthy series of outstanding notes ranging from 2.4% up to 6.95%. The offer includes varying amounts for each of the different classes of notes. The tender offer …

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ExxonMobil says its greenhouse gas reduction measures are working

ExxonMobil says its greenhouse gas reduction measures could lead to significant improvements in emissions performance over the next two years including a 15 percent drop in methane emissions and a 25 percent cut in flaring. Thanks to leak-detection-and-repair efforts designed by its partner, XTO Energy, methane emissions were cut by 2 percent in the past …

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Consumer Group Sides With Williams Cos. for Gas Pipeline in New York

While Tulsa’s Williams Cos. does battle with New York State over New York’s denial of another gas line, a report by Consumer Energy Alliance is out with a report entitled “Pipelines and their Benefits to New York.” The report, released this week during a discussion on the Future of Natural Gas and Economic Development in …

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