January 2020 archive

Quarterly dividend declared by Blueknight Energy Partners

Tulsa’s Blueknight Energy Partners, L.P. announcedthat the board of directors of its general partner has declared a quarterly cash distribution. The dividend is on the Partnership’s common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter ended December 31, 2019. …

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200-foot long broken underwater pipe stuck in straits

The broken section of pipe in the Straits of Mackinac in Michigan is far more extensively damaged then initially reported. A 200-foot-long broken boring pipe remains embedded at the bottom of the Straights and Enbridge Inc. now says it might not be able to recover the pipe. The company was able to recover a broken …

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FERC approves new natural gas pipeline in Permian

Federal regulators have signed off on Kinder Morgan’s planned Lockridge natural gas pipeline in the Permian Basin in West Texas. The U.S. Federal Energy Regulatory Commission on Wednesday approved the line that is designed to help remove natural gas from the Permian basin in West Texas and eastern New Mexico. The basin has seen record …

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Gulfport Energy to pay $1.7 million EPA fine

Oklahoma City-based Gulfport Energy Corp. has agreed to pay a $1.7 million fine to the U.S. Environmental Protection Agency for alleged violations of the Clean Air Act at some of its oil and natural gas production wells in Ohio. The Chicago office of the EPA made the announcement this week and said Gulfport will not …

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Completion reports for January 22, 2020

Completion reports filed on January 22, 2020. CANADIAN COUNTY Roan Resources Llc Woodford(9308): Oil 214 Gas 357 Water 1027 Flow 2 10N 6W Earl 2-11-10-6 2wxh, April 20, 2019 HH, OIL, TD: 19911 ft Lat: 35.37650, Long: -97.80666 API: 35017252910001 CARTER COUNTY Spring Operating Company Goodwin(8278): Oil 2 Flow Humphreys(7120): Oil 67 Gas 114 Pump 31 2S 2W J H Bennett 16 1-31, May 21, 2018 DH, …

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Permits to drill for January 22, 2020

Permits to drill issued on January 22, 2020. Canadian County KLADE #1407 4H-3X, January 10 2020 10 14N 7W NWSESWSE API: 01725593 Lat: 35.69782110565084, Long: -97.92995261468116 NEWFIELD EXPLORATION MID-CON INC HH, AM, 18803 ft, MISSISSIPPIAN(8279), WOODFORD(8767) Canadian County KLADE #1407 6H-3X, January 10 2020 15 14N 7W NWNENENW API: 01725595 Lat: 35.69596752999822, Long: -97.93372909579939 NEWFIELD EXPLORATION MID-CON …

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Sister wells a solid hit for Gulfport MidCon Energy

Tulsa’s Gulfport Midcon LLC had some success in Oklahoma’s SCOOP where it completed two sister wells with production of nearly 1,500 barrels of oil a day. The company drilled the two Dale wells at 13 4N 6W or about 5 miles south of the Grady County town of Alex. The first well had production of …

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Big writeoff for Halliburton in 4Q

In reporting a fourth quarter loss of $1.7 billion, U.S. oilfield services firm Halliburton Co.also disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, and employee severance costs, the company said. …

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Refinery operator moves to raise money

Tulsa refinery operator Holly Energy Partners, L.P. announced that it and its wholly owned subsidiary, Holly Energy Finance Corp. have finalized terms of their offering of $500 million in senior notes. The 5.0% senior notes will be due 2028 and will be issued at a price equal to 100% of the principal amount. The companies …

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Companies call off energy project

Phillips 66 and another company are giving up on plans to build a large-scale renewable diesel plant in Ferndale, Washington. Phillips 66 was joined by Renewable Energy Group, Inc. in making the announcement, explaining the decision was made because of permitting delays and uncertainties. Originally announced in fall 2018, this 250 million gallon per year …

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