November 2, 2020 archive

ONE Gas Reports Slight Increase in 3Q20 Results

Tulsa’s ONE Gas, Inc. announced its third quarter 2020 financial results on Monday showing a slight increase in net income and year to year income and declaring a quarterly dividend. Third quarter 2020 net income was $21.1 million, or $0.39 per diluted share, compared with $17.5 million, or $0.33 per diluted share, in the third …

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Oklahoma DEQ Offers Environmental Education Grants

The Oklahoma Department of Environmental Quality is accepting grant proposals for its Environmental Education Grant Program.  The grant must promote enthusiasm in youth for learning about the environment and natural resources. The grant is available for Oklahoma teachers, public or private (Preschool – 12th Grade), school environmental clubs, youth group leaders and/or organizations with a …

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Unit Corporation Taps Mark Schell, Drew Harding for New Posts

As part of its recent management reorganization, Tulsa-based Unit Corporation appointed Mark E. Schell to the position of Executive Vice President and Chief Strategy Officer. Schell was formerly the company’s Executive Vice President, Secretary and General Counsel. Schell joined Unit Corporation in January 1987 as its Secretary and General Counsel. In 2003, he was promoted …

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NGL Provides Update on Grand Mesa Pipeline Customer Bankruptcy Case

A federal bankruptcy court in Delaware recently granted a summary judgment motion in favor of a Grand Mesa Pipeline, LLC customer, ruling Extraction Oil & Gas, Inc.’s Transportation Sales Agreements do not reflect a valid covenant that runs with the land under Colorado law. In a press release issued on Monday by Tulsa-based NGL Energy …

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Oil futures go up for first time in four trading sessions

Maybe it was nervousness over the Presidential election. Or possibly it was because OPEC + plans to postpone plans to curb its production cuts. Then there is always growing worries about the impact of COVID-19’s surge in Europe. Whatever, oil futures were up in Monday’s trading, representing the first increase in four trading session. West …

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$1.6 billion in Keystone XL contracts awarded

  The Capital Journal in South Dakota reported that TC Energy, the builder of the Keystone XL pipeline from Canada to the U.S. has awarded another $1.6 billion in contracts with six American contractors. As a result, an estimated more than 11,000 workers will be hired in 2021 and at least 8,000 will be union …

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Energy news in brief

** Wyoming’s coal industry could gain a temporary boost Wyoming under a Biden presidency, but experts say a ban on oil and gas leasing on federal land would be particularly damaging for the state’s industry according to the Casper Star-Tribune. ** An independent California consumer watchdog agency says PG&E should be fined $165.7 million for mismanaging its planned power outages …

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Permits to drill for November 1, 2020

Permits to drill dated November 1, 2020. Carter County PWF 3511 #8, October 30 2020 35 3S 2W NESENWSE API: 01926420 Lat: 34.25033752781311, Long: -97.3747309671352 ARDMORE PRODUCTION & EXPLORATION SH, DR, 1200 ft, PERMIAN(100), CISCO(750)