May 2019 archive

Study finds electric cars emit more CO2 than diesel vehicles

Maybe those electric cars on America’s highways aren’t as environmentally friendly as some claim—that is, if you believe new report by scientists in Germany. Their study, according to a report in The Brussels Times found that electric vehicles account for more CO2 emissions than diesel powered vehicles. Here’s how they deducted their conclusion. If you …

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Difference between “could” and “will”

One of our sharp-eyed followers caught a slight error in the story we reported this week about Tufts University and its study of earthquakes, fracking and wastewater disposal wells. As OK Energy Today pointed out, the research showed the subsurface injection of fluids, whether it be in the fracking process or the disposal of wastewater …

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Bill Nye the Science Guy and OU researchers talk Mars

Planetary Radio Live with Mat Kaplan and Planetary Society CEO Bill Nye at the Science Museum Oklahoma Science Live Auditorium featured two OU researchers on Wednesday. They were:  Nathan Kaib, professor of astrophysics, who discussed the formation of Mars; and Megan Elwood Madden, professor of geology and geophysics, who talked about the interaction of rocks and …

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Cypress Energy to release quarterly results next week

  Tulsa’s Cypress Energy Partners, L.P. plans to release its first quarter earnings and hold a conference call on Monday, May 13. The call will be held at 9 a.m. CDT where leadership will discuss the financial results. When the company released its fourth quarter 2018 results in March of this year, it reported a …

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Improved earnings reported at Nine Energy as leadership says ‘worst is behind us’

“We believe the worst is behind us.” Ann Fox President of Nine Energy. One of the players in Oklahoma’s SCOOP and STACK plays, Nine Energy Service, Inc. of Houston, Texas reported first quarter 2019 revenues of $229.7 million, net income of $17.3 million and adjusted EBITDA of $39.2 million. The basic earnings per share came …

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Chesapeake reports 1Q losses and increased debt but stronger oil production

  While reporting increased oil production in its expanded operations, Oklahoma City-based Chesapeake Energy also reported increased costs and a loss of $182 million from operations in the first quarter of 2019. The $182 million loss compares to $42 millions in profits reported one year ago. Lost income before income taxes came to $335 million …

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Governor signs bill protecting military bases from wind farm encroachment

Governor Kevin Stitt has signed a bill into law creating clarification on wind farm development so it does not interfere with military air bases in the state. He signed House Bill 2118 which will require wind farm developers to first obtain approval from the Federal Aviation Administration and the State’s Military Aviation and Installation Assurance …

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Oklahoma adopts regulations for self-driving cars

Oklahoma Gov. Kevin Stitt has signed into law a bill to regulate self-driving cars. Both the State House and Senate approved Senate Bill 365 which is known as the Oklahoma Driving automation System Uniformity Act. On Tuesday, the Governor signed it into law, making it the 188th bill signed by him in his first legislative …

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More large SCOOP wells reported by Continental Resources

Continental Resources Inc. is finding more success in the SCOOP as it reported three Grady County wells this week, each with production more than 1,000 barrels of oil a day. The wells are located about 7 miles east of Chickasha where the Oklahoma City-based energy company started staging density unit tests a few years ago. …

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Permits to drill for May 7, 2019

Permits to drill issued for May 7, 2019. Garvin County JIMMIE DELL 0404 #1-35MH, April 24 2019 34 4N 4W SWSWSESE API: 04925289 Lat: 34.76908015196131, Long: -97.60195656063222 MARATHON OIL COMPANY HH, AM, 16621 ft, MISSISSIPPIAN(11870) Garvin County HOLLYLUJAH 0404 #1-35WH, April 30 2019 34 4N 4W SWSWSESE API: 04925290 Lat: 34.769080154448126, Long: -97.60187332170395 MARATHON OIL COMPANY HH, …

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