August 30, 2018 archive

State’s jobless rate drops but oil and gas industry employment remains flat in OKC and down in Tulsa

Just as the Oklahoma Energy Index reported a growing expansion of the state’s oil and gas industry this week, the state’s jobless rate also dropped in July. And what’s different this time is that the rates dropped in every one of the 77 counties, according to the Oklahoma Employment Security Commission.  Latimer County had the …

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Water problems in Permian Basin are worsening…..increase in earthquakes is seen like in Oklahoma

Some critics of oil and gas in Oklahoma used to describe the wastewater injection well operations and the earthquakes they might have caused as a ‘nightmare’. Now it’s the word used to describe what’s happening in the Permian Basin in Texas and New Mexico. As the nation’s largest oil play with nearly 485 rigs actively …

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Bridenstine wants astronauts on Wheaties boxes!

Former Oklahoma congressman Jim Bridenstine’s latest idea as head of NASA is creating smiles for some. He wants the faces of U.S. astronauts on cereal boxes. If Michael Jordan and other athletes like Oklahoma’s late Mickey Mantle can be there, why not space heroes? “We’re talking about, potentially — Is it possible for NASA to …

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Colorado petition drive for increased oil and gas drilling setbacks heads to ballot

Voters in Colorado will have a choice in whether new setbacks for new oil and gas drilling will be approved in the state or not. The Colorado Secretary of State’s office on Wednesday certified the petitions presented by environmentalists and organizers of Initiative 97. The petition supporters presented 172,834 signatures and an estimated 123,195 were …

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How will more Iraqi oil affect Oklahoma producers?

When President Obama cut his deal with Iran, Oklahoma oil producers feared an increase of oil from the country would harm the price of oil. Now Iraq is wanting to increase crude exports. But Iraq is considered an ally of the U.S. Still, the country wants to up the amount of oil it sells to …

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Solar industry suffers slump in production

While Oklahoma has a few commercial solar operations, such as those installed by OGE in northwest Oklahoma and near its Mustang power plant in Oklahoma City, the state has yet to grasp the idea of solar power. And recently the U.S. Energy Information Administration indicated the installation of solar power has slowed across the U.S.  …

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PSO hands out more science and technology funds to high schools

FFA students in Calvin and Stuart will soon have robots and new lab kits to help introduce elementary, middle and secondary school students to STEM (Science, Technology, Engineering and Math) education and careers after being named recipients of a $5,000 grant from Public Service Company of Oklahoma (PSO) and the American Electric Power (AEP) Foundation. …

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Cheniere awaits go-ahead for $1 billion Oklahoma pipeline

Work could begin soon on a $1 billion, 200-mile-pipeline that will carry natural gas out of Oklahoma’s STACK and SCOOP plays. Cheniere Energy Inc., based in Houston recently won approval for the Midship Pipeline from the Federal Energy Regulatory commission. The pipeline will carry natural gas from Kingfisher County southeast to Bryan County where it …

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Halliburton sets date for 3Q financial release

Halliburton’s already making plans for its third quarter 2018 financial results. The Houston company plans to release the results before the open of markets on the morning of Monday, October 22, 2018. It will follow the release with a conference call starting at 8 a.m. central time.  

Continental Resources hits large wells in STACK and SCOOP

Completion reports released this week show Oklahoma City’s Continental Resources bringing in some large wells in the STACK and SCOOP plays. A Blaine county well in the STACK produced 2,004 barrels of oil a day along with 9,579 Mcf of gas. The Lugene 1-33xh is located about 2 miles south of the junction of highways …

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