May 2018 archive

OKC Considers $1.7 million Incentive for Amazon

The Oklahoma City Economic Development Trust meets Tuesday to consider a $1.7 million incentive to bring Amazon’s fulfillment center to the metro area. The $153 million center would create an estimated initial 53 jobs with a starting annual salary of $60,000 but eventually, total employment would be close to 1,750. Plans call for the 2.6 …

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Rep. Mullin Focuses on Opioids and Nuclear Waste

The U.S. House Energy and Commerce Committee recently voted to send two bills by Oklahoma Congressman Markwayne Mullin to the floor of the house. Both focus on the opioid crisis. House Resolution 3528 is the Every Prescription Conveyed Securely Act which will require e-prescribing for prescription drugs recognized as  controlled substances under the Medicare Part …

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Energy Skeptic Predicts Permian Basin’s Production will End in 7 years

When it comes to the massive oil production in the Permian Basin, “The best years are behind us,” claims former Amoco scientist Arthur Berman. It’s what he recently told engineers, geologists, lawyers and financiers who gathered for the annual meeting of the Texas Energy Council. “The growth is done,” he proclaimed. This is the same …

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Drought Tightens Grip on Northwest Oklahoma

Oklahoma’s drought is growing and the U.S. Drought Monitor now has more than 23 percent of the state in an exceptional drought. The Panhandles of Oklahoma and Texas have the worst conditions according to experts at the National Drought Mitigation Center in Nebraska. Three months ago, Oklahoma had no exceptional drought listed areas. But the …

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Enel Green Power Partners with 3 Osage County School Districts

Enel Green Power, operator of the Osage Wind Farm in Osage county has announced it is partnering with Osage County school districts to support educational resources in the classrooms. The partnership involves school districts at Shidler Public Schols, Woodland public schools and the Pawhuska public school district. Enel Green, described as the largest wind-farm operator …

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Governor Vetoes Energy-Related Bills

Oklahoma Gov. Mary Fallin vetoed at least two energy-related bills over the weekend that had been sent to her by the legislature including one that would have put more oil and gas money into a “Vision Fund.” House Bill 1401 called for 5% of all receipts from gross production taxes on oil and gas to …

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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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