June 2018 archive

Stillwater Central RR makes push to restore passenger service from OKC to Tulsa

Stillwater Central Railroad is building steam to start a rail  passenger service between Oklahoma City and Tulsa. The subsidiary of Watco Companies has announced it is seeking proposals from passenger rail service to begin the service in at least the next year. Stillwater Central bought 97.5 miles of track four years ago from the Oklahoma …

Continue reading »

Baker Hughes Center to be renamed on Monday with new director

The Baker Hughes Oil and Gas Technology Center in Oklahoma City not only has a new director but on Monday gets a new name. The Center becomes the BHGE Energy Innovation Center of North America with Taylor Shinn in charge. He replaces Mike Ming, the former Oklahoma Secretary of Energy who served as its general …

Continue reading »

No growth in oil and gas rig activity in Oklahoma and the U.S. in the past week

Both Oklahoma and the U.S. reported a drop in active oil and gas drilling rigs in the past week. Oklahoma dropped by 2 to 138 while the national count fell by 7 to 1,052. Of the surrounding states with oil and gas activity, only one, Kansas reported an increase in the number of rigs. Kansas …

Continue reading »

Devon Energy leaders hoping for more “monster” wells in the Delaware

Monster wells in Oklahoma’s STACK have had production of nearly 3,000 to 4,000 barrels of oil a day, but Oklahoma City’s Devon Energy is dealing with “real” monster wells producing more than 12,000 barrels of oil a day in the Delaware Basin in Texas. And the company believes it has more of the wells in …

Continue reading »

AG joins city of Bixby in opposing PSO transmission lines from Wind Catcher project

Oklahoma Attorney General Mike Hunter has taken his opposition to the giant Wind Catcher Wind farm in the Panhandle another step, this time filing a motion in support of the city of Bixby and its opposition to the project’s transmission lines. Hunter filed a motion with the Oklahoma Corporation Commission supporting Bixby’s opposition after Public …

Continue reading »

Tulsa’s PennWell company laying off more than 100 workers worldwide

Almost as old as the State of Oklahoma, Tulsa-based PennWell, a publishing and conference marketing firm is laying off at least 130 employees. The company said staffing levels will go from 470 around the world to about 340. The loss of 130 jobs includes at least 100 in Tulsa. The layoffs come just months after …

Continue reading »

Anadarko Basin has its share of DUCs

The Permian Basin isn’t the only oil and gas sector where the number of drilled but uncompleted wells is an issue. The Anadarko basin in Oklahoma and the Texas Panhandle have also experienced high numbers of unfracked wells although there was a slight drop in the numbers from April 2018 to May 2018. The U.S. …

Continue reading »

Lack of Permian Basin pipeline leads to growing number of unfracked wells

The number of unfracked wells is growing in the Permian Basin, thanks to a shortage of pipelines to haul the crude oil to refineries on the Gulf Coast. And reports suggest the record pace of drillers quitting new wells isn’t letting up. Bloomberg News reports the number of drilled Permian wells that were left unfinished …

Continue reading »

Water Resources Board okays $57 million in loans and grants

The Oklahoma Water Resources Board has recently approved 6 loans and 4 grants totaling $56.6 million for water and wastewater infrastructure improvements for: Town of Adair – $99,900 REAP Grant for water line replacement Bromide Public Works Authority- $99,999 REAP Grant for sewer system rehab Canadian County Rural Water & Sewer District No. 5 – $1,161,000 …

Continue reading »

Nine Energy leader honored for energy leadership

The head of Nine Energy Service, Inc. a Houston firm with operations in Oklahoma’s STACK and SCOOP plays has been selected for honors. Ann Fox, president and CEO of the company was named winner of the Ernst and Young Entrepreneur of the Year Award in the Gulf Coast area for energy. The award recognizes entrepreneurs …

Continue reading »