November 2018 archive

New Cushing pipeline one of two to be built by Phillips 66

Phillips 66 and Bridger Pipeline LLC are looking for customers for their proposed Liberty Pipeline to carry crude oil from the Rockies and Bakken production areas south to Corpus Christi, Texas. And Phillips is planning a new line in Oklahoma. The two have also announced a joint open season for the line to carry up …

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Midstates says 3Q income grew but it’s taking a ‘pause’ in the 4Q

  Tulsa’s Midstates Petroleum Company, Inc. reported its third quarter 2018 net income totaled $11.5 million or 44 cents a share., much better than the $3.7 million and 14-cents a share earnings a year earlier. It also was an improvement over the second quarter of 2018 when the company reported a net loss of $1.5 …

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Governor takes some of the credit for Oklahoma’s low jobless rates

Oklahoma Gov. Mary Fallin is taking some of the credit for the fall of unemployment rates in every Oklahoma County in September, saying it’s a result of the pro-business policies enacted during her administration. She said it shows the policies are working. “Oklahoma’s overall economy is healthy,” the governor said at a Seminole Chamber of …

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Oklahoma’s jobless rates tumble and energy played its role

While some candidates were celebrating their election night victories, state leaders were excited over Oklahoma’s newest employment figures. The state’s energy industry can take some of the credit. Every one of the 77 counties in the state reported lower unemployment rates for September, according to the Oklahoma Employment Security Commission. And all 77 county rates …

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Newfield pushes ahead with STACK drilling following purchase by Encana

Even as Newfield Exploration based in Houston came under new ownership, Newfield hasn’t backed off its oil and gas exploration in Oklahoma’s STACK play. The latest reports for permits to drill issued by the Oklahoma Corporation Commission show Newfield was issued 8 of the 9 permits for drilling in Kingfisher county. It’s planning 8 wells …

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Permits to drill issued for Nov. 8, 2018

Permits to drill for Nov. 8, 2018. Atoka County DUSU #5-53A, November 08 2018 05 1N 15E SWNWSWSE API: 00520469 Lat: 34.581438921042626, Long: -95.75016978092107 WESTERN OIL AND GAS DEVELOPMENT CORP SH, DR, 2100 ft, STANLEY UP(1944) Atoka County DUSU #5-59A, November 08 2018 05 1N 15E SWSWSESW API: 00520468 Lat: 34.57962564953562, Long: -95.75457015419822 WESTERN OIL AND GAS …

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Completion reports for Nov. 8, 2018

Completion reports for Nov. 8, 2018. BEAVER COUNTY Bettis Boyle & Stovall Chase(2613): Water 70 Swab 22 6N 26E Watson 1, August 27, 2018 SH, DRY, TD: 3273 ft Lat: 36.97070, Long: -100.23994 API: 35007217430002 CARTER COUNTY Xto Energy Inc Sycamore- Woodford: Gas 135 Water 42 Pump 25 3S 1E Lindsey 1-25, August 09, 2018 SH, GAS, TD: 5336 ft Lat: 34.26182, Long: …

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Merger approved of two oil and gas trade groups in Oklahoma

Oklahoma’s two oil and gas trade groups have made it official—they’re merging. Members of the Oklahoma Independent Petroleum Association voted this week to merge with the Oklahoma Oil and Gas Association. OKOGA had earlier given its approval to the deal. The new single organization will represent the oil and gas supply chain in the state. …

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Montana voters reject strict mine cleanup rules

Oklahoma’s rejection of a Vision Tax Fund on oil and gas revenue proved to be one of a handful of energy related issues that died at the ballot box. We told you how Proposition 112 was killed by Colorado voters then Arizona voters said no to increasing the state’s reliance on alternative technology. Montana voters …

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Cypress Energy plans earnings release on Monday

The third quarter earnings of Tulsa-based Cypress Energy Partners, L.P. will be released next week. The company plans to release the financial results on Monday after the close of trading on the New York Stock Exchange. It will hold a conference call Tuesday, Nov. 13 at 9 a.m. CST where leadership will discuss the results. …

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