August 2020 archive

USDA invests $29 million in Oklahoma’s rural broadband service

  The USDA’s decision to invest more than$29 million to provide broadband service in unserved and underserved rural areas of Oklahoma has drawn applause from Oklahoma leaders. It is also a boost for two rural telephone companies. Rep. Frank Lucas (OK-03), U.S. Sen. Jim Inhofe, Governor Kevin Stitt and Oklahoma Secretary of Agriculture Blayne Arthur …

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Why The Cushing Storage Hub Matters To Oil

  Crude oil reserves are finally showing signs of falling, resulting in oil prices in the range of the low $40 and the reduction is evident among operators at the Cushing storage tank farm in Oklahoma. The oil market has begun to adjust to the “new normal” in the global economy, with significantly lower fuel …

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Problems plagued U.S. CO2 capture project before shutdown: DOE document

  A new government report reveals what kind of problems resulted in the shelving of a $1 billion project to harness carbon dioxide emissions from a Texas coal plant. The U.S. Department of Energy says the Petra Nova plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year …

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New Mexico oil boom towns hope worst is over

  From Oklahoma to Texas and New Mexico, the oil and gas industry is struggling. So are the towns where workers live—those who still have jobs and those who are among the tens of thousands in the unemployment lines. CBS News chronicled the impact on one town in southeast New Mexico. Before oil prices collapsed earlier this …

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Completion reports for August 6, 2020

Completion reports filed on August 6, 2020. GARVIN COUNTY Citation Oil & Gas Corporation 18 1N 2W Story 6, October 18, 2018 DH, INJ, TD: 8856 ft Lat: 34.55283, Long: -97.45677 API: 35049251990000 JEFFERSON COUNTY Blue Devil Exploration Llc Viola(7241): Oil 156 Water 1676 Pump 9 5S 4W Wilson Cattle 1h-8, March 30, 2020 HH, OIL, TD: 14385 ft Lat: 34.13005, …

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Permits to drill for August 6, 2020

Permits to drill issued on August 6, 2020. Creek County DARNELL FARMS #1-6, August 06 2020 06 15N 9E CSWSESW API: 03729458 Lat: 35.799925882763716, Long: -96.39922750789877 WFD OIL CORPORATION SH, DR, 3650 ft, SKINNER(2250), RED FORK(2500), BARTLESVILLE(2625), DUTCHER(3030), WILCOX(3600) Muskogee County UNKNOWN #1, August 06 2020 20 14N 17E NENWNENW API: 10176037 Lat: 35.68181150230056, Long: -95.52918979085563 STATE …

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Oil snaps 4-day winning streak

  After climbing for four days, oil futures suffered a loss on Thursday and analysts said it was due to a surprising fall in U.S. weekly first-time jobless claims against continued pessimism about fuel demand. West Texas Intermediate crude for September dropped 0.6% or 24 cents and closed at $41.95 a barrel on the New …

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NGL Energy Partners LP announces new acreage dedication in the Northern Delaware Basin

  NGL Energy Partners LP in Tulsa announced the signing of a new long-term produced water transportation and disposal agreement in the Delaware Basin of southeast New Mexico. The agreement is with a leading independent producer operating in Eddy and Lea Counties in the basin, but NGL did not identify the producer. This agreement includes …

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New board member named by OGE Energy Corp.

  OGE Energy Corp., the parent company to electric utility OGE announced Thursday the addition of a new member to its board of directors. Luke C. Kissam, IV was chosen to serve on the board and his term will begin Sept. 1, 2020 and expire at the company’s annual shareholder meeting in May 2021. At …

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Tulsa’s Alliance Resource Partners reports $47 million 2Q loss

    A combination of COVID-19 and the country’s political conversion from coal to natural gas and renewable energies led to a second quarter drop in revenue for Alliance Resource Partners, L.P., the coal-mining company headquartered in Tulsa. The company reported a net loss of $46.7 million or 37 cents a share at the end …

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