Up and running! Preferred Proppants, LLC’s Oakwood frac sand operation in northwest Oklahoma. Following a formal opening ceremony earlier in the month, the company announced operations are fully underway. The Pennsylvania-based company announced it has “commenced commercial operations” after starting construction earlier in the year on the massive sand plant that sits along highway 281. …
With nearly 7 million barrels of crude oil storage capacity at the Cushing hub, Oklahoma City-based Blueknight Energy Partners, L.P. announced a third quarter dividend of 8 cents a unit. The company’s board of directors of its general partner declared the quarterly cash distribution on the Partnership’s common units and 18 cents per unit on …
A $442 million acquisition of Velocity Holdings, LLC in the Anadarko Basin has been announced by Oklahoma City-based Enable Midstream Partners, LP. At the same time, the company is expanding operations in North Dakota. It’s a major expansion of crude oil midstream business for Enable in the SCOOP and Merge plays. Velocity Holding, based in …
Tulsa’s NGL Energy Partners LP announced its Board of Directors of its general partner has declared a quarterly distribution of 39 cents a unit. The company said the dividend figures to be $1.56 per unit on an annualized basis for the quarter ending Sept. 30, 2018. The cash distribution will be payable Nov. 14, 2018 …
Houston’s Newfield Exploration company filed several completion reports this week indicating its busy activity in Oklahoma’s STACK play. Seven reports were on file including three for Canadian County, one in Dewey County and three in Kingfisher county. Two of the three in Canadian County were multi-wells on a single pad site at 12 14N 7W. …
He called himself the “Frack Master” but now Chris Faulkner of Breitling Energy in Dallas has agreed to a plea deal on securities fraud, money laundering and tax evasion. He’ll serve 12 years in prison for a securities-fraud scheme that raised more than $80 million from hundreds of investors across the nation. Faulkner, currently in …
Permits to drill for Oct. 23, 2018. Grady County BURCHFIELD TRUST #1H-5, October 23 2018 05 9N 7W SWNENENE API: 05124502 Lat: 35.28963697722135, Long: -97.95512062430683 GAEDEKE OIL & GAS OPERATING LLC HH, DR, 16870 ft, WOODFORD(11850) Jefferson County EUBANKS #1-26, October 23 2018 26 5S 4W SENWSENW API: 06721105 Lat: 34.0948189795446, Long: -97.5908623164205 GULF EXPLORATION LLC SH, …
Completion reports for Oct. 23, 2018. CANADIAN COUNTY Newfield Exploration Mid-con Inc Mississippian(8250): Oil 300 Gas 425 Water 355 Flow 12 14N 7W Okarche 1407 2h-12x, July 19, 2018 HH, OIL, TD: 17427 ft Lat: 35.71064, Long: -97.89458 API: 35017251860001 Newfield Exploration Mid-con Inc Woodford(5090): Oil 853 Gas 1228 Water 432 Flow 12 14N 7W Okarche 1407 3h-12x, July 19, 2018 HH, OIL, TD: 18865 ft …
U.S. Senator Jim Inhofe (R-OK), chairman of the Senate Environment and Public Works Subcommittee on Transportation and Infrastructure, John Barrasso (R-WY), chairman of the Senate Committee on Environment and Public Works (EPW), committee ranking member Tom Carper (D-DE) and Transportation and Infrastructure Subcommittee ranking member Ben Cardin (D-MD) released the following statements on President …
Enlink Midstream in Dallas is the latest midstream company to abandon the Master Limited Partnership plan and is in the process of merger and acquiring Enlink Midstream Partners, LP. Management anticipates the transaction to close in the first quarter of 2019. Upon closing , the acquisition will result in a $13 billion enterprise company and …
