October 2019 archive

Study blames fracking for increase in West Texas earthquakes

Hydraulic fracturing in the Permian Basin of West Texas is being blamed in part for some of the earthquakes in the region according to a new study by the University of Texas at Austin. “The research done through this new study in West Texas, using a statistical approach to associate seismicity with oil and gas …

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Oil and gas slowdown hits state collections but one leader is still optimistic

A state agency in Oklahoma says general revenue fund collections for September were up nearly 2% over a year earlier, despite the state’s recent slowdown in the oil patch. Still, oil and gas tax collections were down and some state leaders might be keeping their fingers crossed that the slowdown won’t have a major impact …

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EPA announces reversal of biofuel mandate policy

Small petroleum refineries in 2020 will get partial exemptions from biofuel blending requirements rather than approval or denial of full exemptions according to an announcement made this week by the EPA. It is a reversal of the agency’s approach and is a move that will maintain minimum volumes of biofuel to be blended into the …

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Love’s stores help raise millions for Children’s Miracle Network hospitals

Oklahoma City-based Love’s Travel Stops and Country Stores announced that along with its customers, the company managed to raise more than $3.75 million for the Children’s Miracle Network Hospitals during a just-concluded five-week campaign. It was the 20th year for the campaign and this year, Love’s beat the $3.6 million goal it set to help …

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Laredo announces improved 2019 guidance

Tulsa-based Laredo Petroleum, Inc.  announced third-quarter oil and total production results that are above prior guidance and will start work on its 2020 operation and production plans. Working mostly in the Permian Basin, the company stated it exceeded third quarter oil and total production producing 27.8 thousand barrels of oil a day and 81.9 thousand barrels …

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Completion reports for October 15, 2019

Completion reports filed on October 15, 2019. CANADIAN COUNTY Roan Resources Llc Mississippi Lime(10550): Oil 487 Gas 4781 Water 2847 Flow 12 10N 7W Barbour 1-10-7 1h, May 24, 2018 HH, OIL, TD: 15838 ft Lat: 35.36202, Long: -97.90098 API: 35017251690000 Roan Resources Llc Woodford(10700): Oil 297 Gas 3545 Water 2518 Flow 12 10N 7W Barbour 2-10-7 1h, May 24, 2018 HH, OIL, TD: 16037 ft …

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Permits to drill for October 15, 2019

Permits to drill issued on October 15, 2019. Alfalfa County FRIEDEN A #1-2, October 14 2019 02 28N 12W NESWSENW API: 00323389 Lat: 36.93624470249894, Long: -98.46176476834553 TRANS PACIFIC OIL CORPORATION SH, DR, 5600 ft, DOUGLAS(4110), LANSING-KANSAS CITY(4360), DES MOINES(4680), MISSISSIPPIAN(4920) Alfalfa County FRIEDEN A SWDW #2-2, October 14 2019 02 28N 12W NESWSENW API: 00323388 Lat: 36.93624468906307, …

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Bison Oil and Gas Announces Closing of Term Loan Facility with Vӓrde Partners

Bison Oil and Gas Partners II, LLC in Denver announced the closing of a $155 million loan with Varde Partners, a global alternative investment firm. Bison plans to use the proceeds to fund its ongoing drilling program and expansion of its rural asset base in the Denver-Julesburg Basin. It will also use some of the …

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District office of OCC closed in Duncan

A local utility emergency in Duncan led Tuesday to the temporary closing of the Oklahoma Corporation Commission’s Oil and Gas Conservation Division’s District III office. The OCC announced it would send a notice when the office is reopened. Until then, those needing assistance were asked to call the division’s main line at the Jim Thorpe …

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Unit Drilling Company unveils its latest high-tech drilling rig in OKC

The future of oil and gas rig drilling is here. In fact, it has been for the past 7 years at Tulsa-based Unit Drilling Company where giant, modern-day computerized rigs are manufactured and sold. The latest model?  $20 million for Unit’s Boss Rig 414 that sits at the Unit yard, 7101 SW 29 street in …

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