January 9, 2019 archive

Gross production revenue boosted 2018 levels in Oklahoma but fell in December

Oklahoma Treasurer Randy McDaniel revealed Wednesday that gross receipts to the Treasury grew at a double-digit pace for 2018 and increased by more than $1.5 billion compared to the previous year. At the same time, oil and gas gross production revenue for the year totaled $988.4 million, an increase of $451.2 or 84% compared to …

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Dark money part of Pruitt’s legacy at EPA

    POLITICO, the D-C based political news website reports that the dark-money group supporting the confirmation of former EPA administrator Scott Pruitt was able to raise nearly a half-million dollars from one oil company and other donors who did not have to identify themselves. POLITICO reported it as the “scandal-plagued former EPA administrator” and …

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Anti-drilling bills represent intent of Democrats in Congress

They have no chance of passing in the U.S. Senate, but seven separate bills aimed at blocking oil and natural gas drilling in nearly all federal waters were introduced this week by Democrats who now control the House of  Representatives. Republicans control the Senate so their chances of getting approval are likely to be nil …

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New Mexico reverses San Juan Basin oil stance in controversial move

New Mexico’s new Democratic Gov.  Michelle Lujan Grisham has shaken up the state’s oil and gas industry, not only with new appointees but challenged a move by the previous administration to relax oil and gas drilling restrictions in the San Juan Basin. Her new regulators moved this week to suspend a previous order that allowed …

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One oilman offers $32 million for west Texas ranch owned by bankrupt oilman

  El Paso oilman Paul Foster has offered more than $32 million for one of the largest ranches for sale in West Texas. He’s trying to become the new owner of the 37,000-acre KC7 Ranch located inn the foothills of the Davis Mountains near Interstate 10 in Reeves and Jeff Davis counties. Foster is CEO …

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Chesapeake lays out operational plans as it moves ahead with $4 billion merger

Leaders of Oklahoma City’s Chesapeake Energy,in a 2018 fourth quarter report indicated their company debt has been reduced from a year earlier and the oil volumes they divested in the Utica have been completely replaced by oil growth in the Powder River Basin and Eagle Ford Shale. They also intend to reduce capital expenditures and …

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Permits to drill for Jan. 7, 2019

Permits to drill for January 7, 2019. Alfalfa County FRECH 30-26-11 #2H, January 07 2019 30 26N 11W SWSWSWSE API: 00323355 Lat: 36.69615056043927, Long: -98.42232991610409 BCE-MACH LLC HH, DR, 10592 ft, MISSISSIPPIAN(5581) Alfalfa County WERNER 4-24-10 #2H, January 07 2019 04 24N 10W SESWSWSE API: 00323356 Lat: 36.57948978041964, Long: -98.27353564171972 BCE-MACH LLC HH, DR, 11465 ft, MISSISSIPPIAN(6135) …

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Permits to drill for Jan. 8, 2018

Permits to drill for January 8, 2018. Garfield County HEMLOCK 2205 #1MOH-26, January 08 2019 35 22N 5W NENENENE API: 04725184 Lat: 36.34626898991796, Long: -97.69430816114718 CHAPARRAL ENERGY LLC HH, DR, 11500 ft, MISSISSIPPIAN(6111) Grady County HANSELL #4-3-34XHW, January 08 2019 03 6N 5W SWNENESW API: 05124543 Lat: 35.02072836535382, Long: -97.71670006102866 CONTINENTAL RESOURCES INC HH, DR, 20146 ft, …

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Frack sand operator opening another facility in Texas

The owner and operator of a frack sand plant at Oakwood, Oklahoma has announced the start of commercial operations of a resin coating facility in Monahans,  Texas. Preferred Proppants, LLC, the Pennsylvania-based firm with frack-sand mining operations in Oklahoma, Texas and other states is the first company to open an in-basin resin coating facility serving …

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Earnings report to be released by Plains All American

Plains All American Pipeline, L.P., the Houston company with operations throughout Oklahoma and other oil and gas producing states plans to release fourth-quarter and full-year 2018 earnings in February. The report will be released after the market close on Tuesday, Feb. 5, 2019. Company leaders will hold a joint webcast on the same day at …

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