October 1, 2020 archive

Judge Acquits Arkema, CEO and Former Plant Manager From 2017 Chemical Fire Charges

A Texas judge acquitted the U.S. arm of French chemical maker Arkema SA and a top executive of criminal recklessness stemming from a 2017 blaze that injured 21 people, according to Reuters. The verdict, rendered Thursday, ends all charges against Arkema and its managers. The company’s Crosby, Texas, plant became waterlogged and lost power needed …

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Bridenstine Seeks Additional Funding for NASA Projects

NASA Administrator Jim Bridenstine testified about NASA missions, programs and future plans before the Senate Commerce, Science and Transportation Committee on Wednesday in Washington, D.C. NASA is seeking more than $7 billion in additional funding during the current fiscal year and nearly $28 billion over the next four years. “If we get to February of …

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Energy stocks took a beating in Thursday’s trading

  Oil futures took a beating in Thursday’s trading and so did energy stocks of Oklahoma companies and those that do operations in the state. Alliance Resource Partners was unchanged at $2.77 per share while Blueknight Energy Partners dropped 10% or 15 cents to settle at $1.39. Chesapeake Energy suffered a more than 3% drop …

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Oil settles at lowest price in more than 2 weeks

  Oil futures were sharply lower Thursday, with prices logging their lowest settlement since mid-September, as worries about rising cases of COVID-19 worldwide fed expectations for a slowdown in energy demand. West Texas Intermediate crude for November delivery dropped $1.50, or 3.7%, to settle at $38.72 a barrel on the New York Mercantile Exchange, following a …

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NextEra makes $660 million acquisition of transmission line operator with facilities in Oklahoma

    NextEra Energy is acquiring GridLiance in a $660 million deal announced this week, one involving some Oklahoma operations. The actual purchase is made by NextEra Energy Transmission, LLC, a subsidiary of Next Era Energy, Inc., a large wind farm operator in Oklahoma. Based in Dallas, GridLiance operates more than 700 miles of transmission lines …

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OERB expands its virtual workshop program across Oklahoma

  After talking to nearly 50 educators from all across the state, the OERB announced it is partnering with Oklahoma teachers through Operation Engagement to provide high-quality, relevant training for 2020. These two-hour virtual workshops provide the tools they need to keep students engaged, in person or virtually, during this tough school year. This is the only …

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Permits to drill for October 1, 2020

Permits to drill approved on October 1, 2020. Canadian County ELDER #1H-2623X, October 01 2020 26 11N 8W SESESESE API: 01725091 Lat: 35.392188607372816, Long: -98.00886809166008 CIMAREX ENERGY CO MU, DR, 21974 ft, MISSISSIPPIAN(10389), WOODFORD(11510), HUNTON(11650) Canadian County ELDER #2H-2623X, October 01 2020 26 11N 8W SESESESE API: 01725092 Lat: 35.39218860787592, Long: -98.0088009922558 CIMAREX ENERGY CO MU, DR, …

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Completion reports for October 1, 2020

Completion reports filed on October 1, 2020. CARTER COUNTY Citation Oil & Gas Corporation Penn Sand(1137): Oil 1 Water 63 Pump 15 2S 2W Cox Penn Sand Unit 203, December 21, 2018 SH, OIL, TD: 1395 ft Lat: 34.38551, Long: -97.40405 API: 35019261510002 Citation Oil & Gas Corporation Penn Sand(1137): Oil 1 Water 63 Pump 15 2S 2W Cox Penn Sand Unit 203, December …

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U.S. pipeline companies hit by weak demand offer enticements to keep shippers

  U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport. Tulsa-based Magellan is one of them. The pandemic has ended a boom in U.S. shale production which had prompted a rapid expansion in …

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U.S. oil producers on pace for most bankruptcies since last oil downturn

  Oasis Petroleum Inc and Lonestar Resources US Inc’s bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn. Thirty-six producers with $51 billion in debt filed for bankruptcy protection in the first eight months of the year, …

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