February 2020 archive

Solar rules adopted by a Nebraska county

A central Nebraska county has adopted regulations covering solar energy installations. Buffalo County’s board of commissioners approved the rules this week according to the Kearney Hub. Joe Johnson, the citizen who spoke out in September when the county board considered approving a proposal by Hoffmeister, was thanked for his input on the new regulations. “I …

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Joint venture pipeline still seeking customers to move oil from Cushing

A joint venture on a pipeline from Cushing to Texas is extending its period to find commercial support for a capacity expansion. Houston’s Seaway Crude Pipeline Co. is a joint venture between Enterprise Products Partners LP and Canadian-based Enbridge Inc. They are looking for customers to fill space on the 200,000 barrel-a-day capacity expansion project …

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Carbon capture legislation filed by Texas Congressman

  Congressman Dan Crenshaw (TX-02) today introduced legislation to boost carbon capture at natural gas power plants. The New Energy Frontiers Through Carbon Innovation Act will promote research and development for carbon capture technology, and establish a “Carbon Innovation Hub” to achieve an environmental moonshot: turning CO2 and other greenhouse gasses into valuable commodities. “It’s time to …

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Vanguard Group’s investment in ONEOK and Devon Energy

A required filing with the Securities and Exchange Commission shows nearly 12 percent of ONEOK’s shares are controlled by the Pennsylvania-based Vanguard Group and nearly the same amount in Devon Energy. This week’s filing indicated Vanguard Group controls 48,142,499 beneficially owned shares in ONEOK or 11.65%. The Malvern, Pennsylvania company has 47,356,551 shares in sole …

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Oklahoma banking commissioner named to FDIC advisory committee

(pictured above: Commissioner Mick Thompson, Chairman Jelena McWilliams, and Governor Kevin Stitt) Oklahoma banking Commissioner Mickey Thompson has been appointed by Chairman McWilliams to the Federal Deposit Insurance Corporation (FDIC) Advisory Committee of State Regulators. The Committee will provide advice and recommendations to the FDIC on a broad range of policy issues regarding the regulation …

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Fourth quarter loss of $242 million reported by Laredo Petroleum

Despite doing far better for oil and total production expectations in the fourth quarter, Tulsa’s Laredo Petroleum reported a fourth quarter loss of $242 million. The net loss for the quarter was $241.8 million or $1.04 a share with total revenues of nearly $218.1 million. For the full year, Laredo posted a net loss of …

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OKC installs guardrails at deadly bridge where an oil and gas pioneer died

Spurred by a reporter’s inquiry, Oklahoma City officials have finally installed guardrails around the concrete bridge where oil and gas pioneer Aubrey McClendon was killed nearly four years ago. The Oklahoman reported this week that within weeks after its initial inquiry with the city, the guardrails at the Midwest Boulevard bridge are in place. At …

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Permits to drill on February 12, 2020

Permits to drill issued on February 12, 2020. Carter County: 27 4S 2W. Six permits to Kodiak Oil and Gas Inc. Carter County: 31 2S 2W. Spring Operating Company. Grady County: 12 3N 5W. Continental Resources Inc. Grady County: 34 10N 7W. Camino Natural Resources LLC. Grady County: 27 4N 6W. Gulfport Midcon LLC. Love …

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Completion reports for February 12, 2020

Completion reports filed on February 12, 2020. CANADIAN COUNTY Chaparral Energy Llc Mississippi Lime(10205): Oil 582 Gas 2755 Water 1406 Flwg 25 11N 7W Everest 1107 3smh-24, November 02, 2019 HH, OIL, TD: 15280 ft Lat: 35.40551, Long: -97.89223 API: 35017254620001 Roan Resources Llc Mississipian: Oil 252 Gas 802 Water 324 Flow 26 13N 6W Taborek 26-35-13-6 1mxh, November 28, 2018 HH, OIL, TD: 18270 ft …

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LNG projects approved by federal regulators

Cheniere Energy, the Houston-based company with a major gas line carrying product from Kingfisher, Oklahoma southward won federal approval this week to expand its Corpus Christi LNG operation. It means some of the natural gas shipped from Oklahoma’s STACK play will likely become LNG and shipped overseas. It was one of four proposed liquefied natural …

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