November 2018 archive

Views expressed on future of oil and gas in Oklahoma

  While oil prices have been in something of a turmoil in recent weeks, some economists have expressed their views about the future of Oklahoma’s oil and gas industry. They did so at a recent Greater Chamber of Commerce event in Oklahoma City where some applauded the “strong bounce back” in the industry. OETA reported …

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Conservation groups unhappy over Illinois River agreement between Oklahoma and Arkansas

Not every one is happy about the agreement made by Oklahoma and Arkansas in studying the best steps to improve the water in the Illinois River shared by the two states. The Associated Press reports conservation groups are grumbling about the deal announced last week by Oklahoma Gov. Mary Fallin. “This MOA proposes absolutely no …

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Williams’ joint venture into Delaware Basin captures attention of market analysts

The move by Tulsa-based Williams Companies to form a joint-venture to expand operations in the Delaware Basin of West Texas and southeastern New Mexico gets the attention of investment advisers. Seeking Alpha found it interesting since Williams had divested some of its assets in the Basin in 2017. Here’s what the New York City-based market …

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Texas firm backs off proposed disposal well site fought by Canadian County residents

A Texas firm specializing in wastewater disposal wells is dropping it latest controversial well proposal in Canadian County. H2OK LLC based in Marble Falls, Texas has backed off a request to drill a well in the northern part of the county near the Northwest Highway and Banner Road according to a report in the Yukon …

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Gasoline prices drop a dime a gallon in OKC

In the past week, gasoline prices in Oklahoma City dropped a dime a gallon. That’s according to GasBuddy’s survey of 669 stations in the metro area which found the new average is $2.09 a gallon. Nationally, prices fell about 6 cents to reach a new average of $2.62 a gallon. Over the last five years, …

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Canadian pipeline company exploring Oklahoma for new manufacturing plant

A Canadian pipeline company with new technology in coupling pipes is looking for a home for a manufacturing facility in the U.S. and Oklahoma could be in the running for it. So says Aethan Sakell, vice president of Business Development for CORE Line Pipe Inc., now headquartered in Calgary, Alberta. He was on hand for …

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Rig numbers increased along with revenue for Helmerick and Payne

  Tulsa-based Helmerich and Payne, Inc. reported quarterly income of $2.5 million or 2-cents a diluted share as the company expands its rig numbers and anticipates increased revenue. The company said it had operating revenues of $697 million for the quarter that ended Sept. 30 compared to a net loss of $8 million or 8 …

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Sen. Inhofe says Wheeler is “perfect choice” to head EPA

President Trump’s announcement that he will nominate Acting EPA Administrator Andrew Wheeler to officially become the Administrator of the Environmental Protection Agency, replacing former Oklahoma Attorney General Scott Pruitt. And it was a move that made Oklahoma U.S.  Sen. Jim Inhofe happy because Wheeler worked 14 years for him. “Andrew Wheeler is the perfect choice …

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Rig count slips to 146 in Oklahoma but increased nationally by one

While Oklahoma’s rig count slipped by two to 146, the national rig count increased by one to  hit 1,082 according to oil and gas groups. Oklahoma’s count of 146 working oil and gas rigs compares to 122 in the state a year ago, according to Baker Hughes Co. Nationally, the increased count included two more …

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Permits to drill for Nov. 16, 2018

Permits to drill issued for Nov. 16, 2018. Alfalfa County SCRIBNER 25-27-11 #2H, November 16 2018 25 27N 11W SWSWSWSE API: 00323349 Lat: 36.7830273995584, Long: -98.33236377576867 BCE-MACH LLC HH, DR, 10204 ft, MISSISSIPPIAN(5728) Blaine County OMEGA SWD #1, December 12 2017 23 16N 10W NESESESW API: 01123761 Lat: 35.84207915817673, Long: -98.23460157895133 H2OK LLC SH, AM, 5700 ft, …

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