September 2019 archive

Laredo Petroleum Succession Plan In Action as Jason Pigott Assumes CEO Role

The changing of the guard is under way at Tulsa-based Laredo Petroleum Inc. with Jason Pigott leading the way on October 1. Pigott continues in his role as President while succeeding Randy Foutch as the company’s new Chief Executive Officer. OK Energy Today announced Laredo’s succession plan back on April 26, 2019. Pigott joined Laredo …

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Chaparral Reaffirms $325 Million Borrowing Base

Chaparral Energy, Inc. announced the company’s bank group has completed its regularly scheduled fall borrowing base redetermination and reaffirmed the borrowing base at $325 million. As of June 30, 2019, the Oklahoma City-based independent oil and natural gas exploration and production company had approximately $33 million in cash and cash equivalents and $85 million drawn …

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NGL Completes Divestiture of TransMontaigne for Nearly $300 Million

Tulsa-based NGL Energy Partners LP announced it has completed its transaction to sell TransMontaigne Product Services, LLC and its associated assets to an undisclosed buyer for $275.5 million in proceeds at closing, according to a company press release issued on Monday. NGL monetized approximately $15.6 million in derivative assets associated with the business and slashed …

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Energy Transfer to Acquire Tulsa’s SemGroup Corporation for $5 Billion

Dallas-based Energy Transfer LP has set its sight on acquiring Tulsa-based SemGroup Corporation with a stock and cash merger transaction deal valued at $17 per share, which includes assumption of nearly $5 billion in debt, according to a recent company press release. The SemGroup acquisition will increase Energy Transfer’s scale across multiple regions and provide …

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Vermont Is 39th State to Sign Nuclear Regulatory Commission Agreement

Vermont became the 39th state to sign an agreement with the Nuclear Regulatory Commission allowing the state to exercise regulatory authority over certain radioactive materials in the state, according to a press release issued by the NRC. Under the agreement signed by Nuclear Regulatory Commission Chairman Kristine L. Svinicki and Vermont Gov. Philip B. Scott, …

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Water safe again in Crescent

  The Oklahoma Department of Environmental Quality (DEQ) has announced that the boil order for the Town of Crescent, located in Logan County, has been lifted. The water is now safe for human consumption. The order to boil water was issued due to the presence of E. coli. State and federal regulations require that customers be notified …

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Colorado Steel mill to be site of nation’s largest solar power project

One of the largest solar facilities in the state of Colorado will be constructed in Pueblo by Xcel Energy, steel mill operator EVRAZ North America and Lightsource BP. The firms announced they reached a long-term agreement to develop the new 240-megawatt solar Bighorn Solar project. Under the agreement, Lightsource BP will finance, build, own and …

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Completion reports for September 27, 2019

Completion reports filed for September 27, 2019. completions: none were processed today

Permits to drill for September 27, 2019

Permits to drill issued for September 27, 2019. Alfalfa County STATE 13-26-11 #2H, December 19 2018 13 26N 11W NENENWNW API: 00323353 Lat: 36.73842144767329, Long: -98.33842859887216 BCE-MACH LLC HH, AM, 10389 ft, MISSISSIPPIAN(5395) Canadian County OMAHA 28-33-11-7 #4WXH, September 27 2019 21 11N 7W NWSWSESE API: 01725535 Lat: 35.407211701695545, Long: -97.94091604171571 ROAN RESOURCES LLC HH, DR, 18269 …

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Bankrupt White Star acquired by Houston’s Contango Oil and Gas

Houston-based Contango Oil and Gas Company has acquired the assets and operations of Oklahoma City’s White Star Petroleum in a $132.5 million deal. The purchase was part of White Star’s Chapter 11 bankruptcy. The asset purchase agreement provides that Contango will acquire approximately 15 Mboe/d of production, approximately 20 Mmboe of PDP reserves as of …

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