April 30, 2019 archive

SCOOP-STACK Congress opens with some ‘child-rearing’ advice

Like Father,  like Son. So goes the old saying but when it comes to Parent-child wells drilled in Oklahoma, it’s not always the case. Just as you have to approach the raising of a child with care, so must those drillers who attempt to replicate the success of a parent well with follow-up efforts on …

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Governor signs environmental “self-audit” bill into law

  The environmental “self audit” bill supported by Oklahoma’s oil and gas industry was signed into law on Monday by Gov. Kevin Stitt. SB1003 allows oil and gas firms, chemical plants and utilities to carry out environmental “self audits,” similar to a law that has existed for many years in Texas. Supporters contend it will …

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Lightning strike sets tank battery afire near Ponca City

  Lightning lit up an oil tank battery early Tuesday morning south of Ponca City. No injuries were reported. Game Warden Spencer Grace provided these pictures.

Improved broadband service in Oklahoma announced by FCC

The Federal Communications Commission says more than 106,000 rural homes and small businesses in Oklahoma and 42 other states will get access to improved broadband service, thanks to reforms to the Universal Service Fund. “Today’s announcement means that many more rural Americans will have access to high-speed broadband service that will enable them to fully …

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Noble Midstream Partners is reportedly for sale

Houston-based Noble Midstream Partners, LP might be for sale. At least that’s according to recent reports which indicated company leaders have made the decision, but they’re not yet publicly commenting. Noble Midstream is the pipeline operator controlled by Noble Energy Inc., a U.S. oil and gas exploration and production company. Noble Midstream’s focus is in …

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Pressure grows on Chevron in bidding fight to acquire Anadarko Petroleum

The ball’s back in Chevron’s court in deciding who might end up actually acquiring Anadarko Petroleum. On Monday, Anadarko’s board said it had “unanimously determined” that Occidental Petroleum’s $55 billion cash-and-stock offer would probably be “superior” to the deal agreed with Chevron last week. It would appear Anadarko is on course to take the Occidental …

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Earnings take a big dip in 1Q 2019 for Phillips 66

Phillips 66 reported first quarter 2019 earnings of $204 million, a significant drop from the $2.2 billion reported in the fourth quarter of 2018. The company reported its adjusted earnings were $187 million compared to the $2.3 billion reported in the fourth quarter 2018. “Our first-quarter results reflect the benefit of our diversified portfolio despite …

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Oil and gas slow down affects Baker Hughes in 1Q 2019

The first quarter of 2019 report announced by Baker Hughes, a GE company reflected the slowdown in the oil and gas industry. The company reported $5.7 billion in orders for the first three months of the year, down from the $6.8 billion reported at the end of the fourth quarter of 2018. Revenue fell from …

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While oil prices are lower, Continental Resources reports big increase in crude production from a year ago

Continental Resources Inc. is reporting a 16 percent increase in total production for the first quarter of 2019 compared to a year earlier. In a filing with the Securities Exchange Commission, the Oklahoma City company said it averaged 332,236 Boe per day and the production was 3 percent more than the fourth quarter of 2018. …

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Governor signs bill into law for volunteer firefighters

A bill signed into law by Gov. Kevin Stitt will allow retired paid firefighters to return to service as volunteers without affecting their state pensions. Many of those volunteers are workers in Oklahoma’s energy industry. House Bill 2051, authored by House Majority Leader Mike Sanders, R-Kingfisher, and Sen. Casey Murdock, R-Felt, passed unanimously in both …

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