2020 archive

Economist makes a case for increased energy dependence on natural gas

  Environmentalists contend natural gas has a host of environmental problems even though its use grew to 37 percent of the nation’s electricity mix last year, replacing generation from coal. However, writing in the Washington Examiner, Stephen Moore, a finance and economics consultant with FreedomWorks tried to make a case for more energy dependence on …

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A Strong Year for Wind

We’ve all heard the joke about why it’s so windy in Kansas…because Nebraska “s—-” and Oklahoma “blows.” But one environmental group says Kansas, Iowa and North Dakota now generate enough wind power every year to meet more than half of their energy needs. The observation was made by the Natural Resources Defense Council which wrote that, …

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ONEOK explores possible sale of bonds for fund-raising

ONEOK’s made a filing with the Securities and Exchange Commission for a prospectus on the sale of bonds. However, many of the details of such a proposed fund-raising sale were not included in the filing, only that the company is considering the sale of notes due in 2025, 2030 and 2050. Key details such as …

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ConocoPhillips finalizes sales of assets in West Texas and Northern Colorado

  ConocoPhillips announced Thursday the completion of two transactions to sell its Niobrara and Waddell Ranch assets to undisclosed buyers. The Niobrara assets are located in the southern Denver-Julesburg Basin. Full-year 2019 production associated with the Niobrara assets was 11 thousand barrels of oil equivalent per day (MBOED) The effective date of the transaction is …

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How SandRidge Energy hopes to survive

As SandRidge Energy leaders deal with a fourth quarter net loss of $249 million or $7.01 a share and resulting downsizing of their workforce,  they are still considering a merger with another company. It might be a way to survive in the bumpy world of oil and gas. It’s what John Suter, Interim President and …

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Mid-Con Energy declares reverse stock split

Tulsa-based Mid-Con Energy Partners, LP announced it plans a reverse split on its stock. The Board of Directors approved a 1-for-10 reverse split effective after the close of markets on March 23, 2020. The announcement was made as Mid-Con Energy stock was trading at about 21 cents per unit. The reverse split will result in …

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He’s running! Sen. Inhofe announced re-election bid

  Oklahoma U.S. Senator Jim Inhofe figures that at age 85, he’s not ready to retire from politics or life in Washington, D.C. He’s announced he will seek re-election, telling The Oklahoman reporter Chris Casteel that the emergency heart surgery he had in 2013 gave him “a new lease on life.” “I put two new …

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EPA administrator criticizes inspector general’s conclusions on former head Pruitt’s alleged abuses

Andrew Wheeler, administrator of the Environmental Protection Agency, left, and Scott Pruitt. (Drew Angerer/Getty Images, Andrew Harnik/AP) Environmental Protection Agency Administrator Andrew Wheeler, a former coal lobbyist, offered an unexpected defense of Scott Pruitt, the former Oklahoma Attorney General who resigned as EPA administrator amidst accusations of ethics violations. Wheeler faulted his own inspector general …

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Completion reports for March 4, 2020

Completion reports filed on March 4, 2020. CANADIAN COUNTY Camino Natural Resources Llc Mississippi Lime: Oil 453 Gas 3857 Water 2938 Flow 3 10N 7W Chuck Norris 1007 10-15 1mxh, May 07, 2019 HH, OIL, TD: 18548 ft Lat: 35.36320, Long: -97.92030 API: 35017254140000 CUSTER COUNTY Continental Resources Inc Mississippian(13554): Oil 222 Gas 11367 Water 4703 Flow 8 15N 15W Claussen 1-8-5xhm, September 20, 2019 HH, …

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Permits to drill for March 4, 2020

Permits to drill issued on March 4, 2020. Custer County TRUMAN #1-35-2XHM, March 04 2020 26 14N 14W SWSWSWSW API: 03922585 Lat: 35.65368794875041, Long: -98.66674555621987 CONTINENTAL RESOURCES INC HH, DR, 24365 ft, MISSISSIPPIAN(14320), WOODFORD(14851) Grady County CUNNINGHAM #2-32-5XHW, March 04 2020 32 7N 6W NESWNWNW API: 05124769 Lat: 35.04191742840479, Long: -97.8630260469988 CONTINENTAL RESOURCES INC MU, DR, 22972 …

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