October 16, 2018 archive

Could Colorado’s Proposition 112 devastate the state’s oil and gas industry?

In three weeks, Colorado voters will vote on an initiative that if approved, could reportedly mean 85% of non-federal land in the state would be off limits for oil and gas drilling. Opponents of Proposition 112 contend that if voters say ‘yes’, the state’s oil and gas industry will literally collapse. Proposition 112, the oil …

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Oklahoma saw biggest nationwide increase in Electric Vehicle sales

A study by the California-based YourMechanic company contends Oklahoma has seen the largest jump nationally in sales of electric cars. The company that provides mobile car repair and maintenance services analyzed EV sales and found Oklahoma had the greatest sales growth from 2016 to 2017. YourMechanic called it particularly impressive since the state  offers no …

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Drastic wastewater move considered by EPA

With the issue of earthquakes caused by increased wastewater well activity in northern Oklahoma and concern that the geology in West Texas is reaching capacity, the Environmental Protection Agency is considering a drastic move. Should it make changes to federal clean water regulations to allow oil and gas drillers to release wastewater directly into rivers …

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Controversial DOJ Environmental nominee confirmed with support from Sens. Inhofe and Lankford

Democrats called him the wrong man for the job, but when Jeffrey Clark was confirmed recently to be the nation’s top environmental lawyer, he had the support of Oklahoma’s two U.S. Senators. Sens. Jim Inhofe and James Lankford helped confirm Clark on a 52-45 vote to a key position in President Trump’s move to roll …

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Devon Energy’s Q3 production shows increase

Oklahoma City-based Devon Energy says its third quarter production increased nearly 4 percent from a year ago. In a release, the company said production totaled 418,000 boe/day which was a 3.7% increase over the year and just above the company’s guidance of 398,000 to 417,000 boe/day. The firm said the production was helped by higher …

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Two STACK and SCOOP operators join forces in $500 million deal

  Houston’s Nine Energy Service, Inc., a firm with expansive operations in Oklahoma’s STACK and SCOOP plays is paying nearly $500 million for Magnum Oil Tools International, LTD based in Corpus Christi, Texas. It’s officially a $493 million acquisition of a company with an offering of downhole completions products, including dissolvable and composite frac plugs …

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Tulsa’s major coal company to release earnings report this month

Tulsa’s major coal company, Alliance Resource Partners, L.P. plans to release its third quarter 2018 financial results later this month. The official release will be made before the market opens on Monday, Oct. 29 and followed by a conference call at 9 a.m. Central Time. Alliance management will take part in the call to explain …

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Report shows importance of oil and gas industry to Colorado

A new study by Consumer Energy Alliance maintains record production of natural gas helped Colorado residents save more than $12 billion between 2006 and 2016. It also showed how oil and gas contributed more than $31 billion to the state’s economy. The report is called “The Importance of Affordable and Abundant Oil and Natural Gas …

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New chief human resources officer named at Williams Companies

  The Williams Companies, Inc. announced that Debbie Cowan has been appointed senior vice president and chief human resources officer, effective Oct. 29, 2018. Cowan will lead all aspects of the Company’s human resources function,  serve on the Williams executive leadership team and report to Alan Armstrong, president and chief executive officer of Williams. Ms. …

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Expanded Powder River pipeline system to move more oil to Cushing hub

Kansas City-based Tallgrass Energy, LP, a firm with operations in Oklahoma, has announced it’s joined with Silver Creek Midstream, LLC  of Texas to expand their Powder River Basin join venture in Wyoming. It’s a venture that will increase the flow of oil from the Powder River basin eventually to the Cushing storage hub in Oklahoma. …

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