2020 archive

Citgo 6 sentenced to Venezuelan prison

A handful of Citgo executives known as the “Citgo 6” have been tried, convicted and sentenced to prison in Venezuela. The workers for the company formed more than 100 years ago in Bartlesville, Oklahoma have already been held in custody for three years on charges in an alleged corruption scheme. A judge sentenced them this …

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Tribes wage fight against new Minnesota pipeline

  The Canadian firm that recently won approval to start construction of a pipeline in Minnesota isn’t finished with the fight. Two Native American tribes have asked state regulators to stop construction of Enbridge Energy’s Line 3 crude oil pipeline and now contend it will only add to the increased risk of spreading the coronavirus …

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Worries grow about impact of Biden administration on oil and gas industry

Biden’s plan “doesn’t get the fact that cheap and abundant natural gas is good for families because they pay less in power and utility bills.” – Rep. Guy Reschenthaler (R-Pa.)   Oklahoma Congressman Markwayne Mullin isn’t the only member of congress representing an oil and gas state who is worried about what a Biden administration …

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Energy stocks closed down on Friday

  Crude oil futures ended Thanksgiving week with a mixed result but it also gave hope to investors and traders that West Texas Crude is slowly on the rise. WTI futures had a 7.3% gain for the week, the largest one-week increase since Oct. 9. It was also the fourth consecutive week of making gains. …

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Completion reports for November 27, 2020

Completion reports filed on November 27, 2020. completions: none were processed today

Permits to drill for November 27, 2020

Permits to drill issued on November 27, 2020. permits: none were processed today

Permits to drill for November 26, 2020

Permits to drill issued on November 26, 2020. permits: none were processed today.

Completion reports for November 26, 2020

Completion reports filed on November 26, 2020. completions: none were processed today.

Two energy companies end up in court over sale agreement

  A lawsuit has been filed in Tulsa County District Court where Foster Energy, LLC is accusing Tidewater Energy Group of a breach of contract stemming from a November 2019 purchase and sale agreement. Foster Energy, an Edmond based firm with primary business in Oklahoma, Pennsylvania and Texas contends it lost millions of dollars when …

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Renewed drilling interest in Oklahoma

  The latest release of data from the Oklahoma Corporation Commission shows a flurry of permits to drill released to companies wanting to do some exploration. Sanguine Gas Exploration LLC obtained a permit to drill in Blaine County. It intends to drill the J D #1-16,  at a site about 10 miles west of Geary. Cimarex …

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