February 15, 2019 archive

Oklahoma’s Senators and Representatives split their votes on the border wall deal

Oklahoma’s congressional delegation split its votes on the border wall funding agreement that was passed in the U.S. Senate then in the House. Sen. Jim Inhofe voted against the measure saying it failed to provide sufficient funding for border security. “I’ve been saying this from the beginning—we need to seriously strengthen our border security to …

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Boston investment firm confirms 5.2% ownership in Devon Energy

A Boston, Massachusetts-based company has made a filing with the Securities and Exchange Commission on its ownership of shares in Oklahoma City’s Devon Energy. State Street Corporation indicated it has shared voting power with 22,705,926 shares in the company. But its total share ownership amounts to 24,475,859 which amounts to 5.2% ownership in Devon. State …

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Chesapeake engages software firm to help with business

    Chesapeake Energy Corporation announced a partnership to accelerate the company’s digital transformation and data-driven growth initiatives. Chesapeake continues to build momentum in early 2019, with a concentration on operational efficiency and optimization, capital discipline and growth by leveraging advanced data science and machine learning/AI to solidify its position as a top-tier operator. The …

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EPA nominee under pressure from oil-state senators

Five oil-state senators are putting the pressure on Andrew Wheeler, the man nominated to permanently replace Scott Pruitt as Administrator of the Environmental Protection Agency. Oklahoma Senators are not a part of the move. Instead five Republican Senators, Ted Cruz of Texas, Pat Toomey of Pennsylvania, Bill Cassidy of Louisiana, John Neely Kennedy of Louisiana …

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North Dakota considers removal of ‘trigger’ oil tax

When oil prices go up,so do the oil and gas taxes in North Dakota. But a move is underway to eliminate the so-called “trigger” tax. The trigger tax was created in 2015 when legislators reduced the overall tax charged on oil production from 11.5 percent to 10 percent. The trigger was added to increase the …

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Dry conditions are growing again in western Oklahoma

Dry conditions are sneaking into western Oklahoma again as the latest Drought Monitor report shows a slip in the amount of the state that has no drought. The Monitor indicates 92% of Oklahoma has no dry conditions, down from the nearly 97% reported a week ago. The amount of land considered to be “abnormally dry” …

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Quarterly revenues grew for Waste Management

Trash hauling can be profitable. Just ask management at Waste Management, Inc., the company whose trucks are seen throughout Oklahoma. The Houston, Texas-based firm announced an increase in fourth quarter revenues which topped $3.84 billion compared to the $3.65 billion reported for the same period in 2017. Net income for the quarter was $531 million …

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Continental Resources reports 2,500 barrel a day well near Watonga

An amended completion report was filed this week on a Continental Resources well that saw initial production of more than 2,500 barrels of oil a day in Blaine County, one of the principal counties that make up the STACK play. The report was on the Madeline 2-4-9XHM well located about 4 miles northwest of Watonga. …

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Completion reports from February 14, 2019

Completion reports filed on Feb. 14, 2019. BLAINE COUNTY Continental Resources Inc Miss Lime / Miss’an Less Chester: Oil 2548 Gas 5952 Water 2746 Flow 4 16N 12W Madeline 2-4-9xhm, June 24, 2018 HH, OIL, TD: 20543 ft Lat: 35.89770, Long: -98.47886 API: 35011239810000

Permits to drill on February 14, 2019

Permits to drill issued on Feb. 14, 2019.   Blaine County LLOYD 1710 #3-25-24MXH, February 14 2019 25 17N 10W NWNWNWSE API: 01124178 Lat: 35.91966888717283, Long: -98.21798509523983 MARATHON OIL COMPANY HH, DR, 17154 ft, MISSISSIPPIAN(8300) Blaine County LLOYD 1710 #4-25-24MXH, February 14 2019 25 17N 10W NWNWNWSE API: 01124179 Lat: 35.91966889164241, Long: -98.21791755317294 MARATHON OIL COMPANY HH, …

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