A bill aimed at protecting mineral owners in Oklahoma from interference of their use of the minerals by towns and cities won overwhelming approval Tuesday in a State House committee. House Bill 2150 by Rep. John Pfeiffer won approval on a vote of 14 to 5 on the House Energy and Natural Resources committee. All …
February 2019 archive
Shareholders approve the nearly $8 billion merger between Newfield and Encana
The nearly $8 billion merger of Newfield Exploration Co. and Canada’s Encana Corp. has been approved by shareholders in both firms. Newfield is a major player in Oklahoma’s STACK and SCOOP plays. The $7.7 billion deal is expected to be formally closed on Wednesday. As part of the transaction, Newfield investors will get about 2.67 …
Colorado energy firm hit with $3 million in pollution fines
Denver-based Antero Resources Corp. has agreed to pay a $3.15 million civil penalty over pollution violations at 32 drilling sites in West Virginia. The Justice Department announced the fines this week after the West Virginia Department of Environmental Protection reached the settlement. The allegations were over violations of the Clean Water Act at drilling …
Pennsylvania halts construction of Energy Transfer projects
The Governor of Pennsylvania says Texas-based Energy Transfer LP doesn’t respect his state laws so he’s halted construction permits for natural gas pipelines operated by the company. “There has been a failure by Energy Transfer and its subsidiaries to respect our laws and our communities,” Gov. Tom Wolf said in a statement. “This is …
EPA reports lowest number of pollution penalties in a decade
The Environmental Protection Agency reported the lowest number of penalties in 2018 in more than a decade. The agency confirmed it had assessed lower penalties for violations of pollution laws. The EPA stated it obtained a total of $3.95 billion in injunctive relief in fiscal 2018 which was the lowest amount in 15 years. One …
Open season announced on another pipeline out of the Permian Basin
Phillips 66 Partners and Kinder Morgan, Inc. have announced the start of a joint open season on a joint pipeline operation to move more oil out of the Permian Basin to the Houston Ship Channel. The season applies to the Gray Oak Pipeline. The joint transportation service offering from the two firms is part of …
Cactus Drilling to release earnings report
Cactus, Inc., a Texas company with extensive drilling operations in Oklahoma’s STACK and SCOOP plays plans to release its earnings report in a few weeks. The Houston company says it will issue the fourth quarter and full-year 2018 report after the close of markets on Wednesday, March 6. The company’s management will hold a conference …
SEC filing made by shareholder in Chesapeake Energy
A filing with the U.S. Securities and Exchange Commission was made this week by a shareholder in Oklahoma City-based Chesapeake Energy. The filing was an explanation of ownership of shares by the Carlyle Group based in Washington, D.C. The group and its various firms hold 172,897,387 shares in Chesapeake. The ownership is actually under the …
Permits to drill for February 11, 2019
Permits to drill issued for Feb. 11, 2019. Beckham County KELK #1H, February 11 2019 14 11N 21W NWSWNENE API: 00921997 Lat: 35.43402620212764, Long: -99.38614823455639 ATALAYA RESOURCES LLC HH, DR, 18000 ft, DES MOINES(12850) Garfield County RUGER 2205 #1MOH-29, September 05 2018 29 22N 5W SESESWSW API: 04725167 Lat: 36.3475496546958, Long: -97.7615794492759 CHAPARRAL ENERGY LLC HH, AM, …
Completion reports for February 11, 2019
Completion reports for Feb. 11, 2019. BLAINE COUNTY Continental Resources Inc Miss’an Lm(11689): Oil 919 Gas 14760 Water 1533 Flow 3 14N 12W Boden 4-10-15xhm, November 20, 2018 HH, GAS, TD: 18133 ft Lat: 35.71169, Long: -98.45884 API: 35011240890000 Continental Resources Inc Miss’an Lm(11710): Oil 846 Gas 19749 Water 2034 Flow 3 14N 12W Boden 3-10-15xhm, November 28, 2018 HH, GAS, TD: 22952 ft Lat: 35.71152, …