April 2021 archive

OK Supreme Court overturns $19 million attorney fee in lawsuit against oil company

  The Oklahoma Supreme Court has overturned a lower court’s $19 million attorney fee award and a $400,000 incentive award in a class action lawsuit filed against Continental Resources Inc and lasted for years. The ruling came in an appeal filed by Daniel McClure, an attorney and a mineral interest owner in the case. The …

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Cherokee Nation unveils first electric buses

  Rural electric buses have come to the Cherokee Nation in eastern Oklahoma. The tribe unveiled two of the electric transit buses and new charging stations this week to transport employees and tribal citizens to work and tribal health centers. The buses are described as the first of their kind in the state.   The …

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OGE expands Choctaw Nation/OGE solar center in Durant

    Oklahoma Gas and Electric, a subsidiary of Oklahoma City-based OGE Energy Corp. , announced that it will expand its Choctaw Nation/OG&E Solar Energy Center in Durant, Oklahoma by an additional 5-megawatts (MW), bringing the total solar capacity to 10 MW. OG&E will construct, own and operate the additional 5MW expansion, which is expected to come online by the …

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Love’s and Cargill announce Nebraska venture to produce renewable diesel

  Oklahoma-based Love’s Family of Companies joined with Cargill in announcing a 50/50 joint venture in producing and marketing renewable diesel fuel. The two companies plan to construct a new production plant in Hastings, Nebraska, one with the ability to produce an estimated 80 million gallons annually of renewable diesel, a green fuel experiencing strong, …

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Permits to drill for April 20, 2021

Canadian County HOOD 1006 #2LMH-5, January 23 2020 05 10N 6W NWNENENW API: 01725598 Lat: 35.37658182117078, Long: -97.85902782291011 CHAPARRAL ENERGY LLC HH, AM, 14700 ft, MISSISSIPPIAN(9763) Garvin County ANNA #1-23, April 20 2021 23 4N 3W SWNWNESW API: 04925335 Lat: 34.80292001334946, Long: -97.48802038786839 RUFFEL LANCE OIL & GAS LLC SH, DR, 8700 ft, DEESE 3 (GIBSON)(6660), DEESE …

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Completion reports for April 20, 2021

KINGFISHER COUNTY Ovintiv Mid-continent Inc. Mississippian: Oil 1111 Gas 1864 Water 1880 Flow 24 16N 8W Maybel Fed 1608 5h-13x, September 30, 2020 HH, OIL, TD: 18840 ft Lat: 35.84230, Long: -98.00107 API: 35073266560001 Ovintiv Mid-continent Inc. Mississippian: Oil 547 Gas 925 Water 2638 Flow 24 16N 8W Maybel Fiu 1608 7h-13x, September 20, 2020 HH, OIL, TD: 18834 ft Lat: 35.84247, Long: -98.00963 API: 35073266580001 Ovintiv …

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Mammoth Energy Services sets annual meeting for June

  Oklahoma City-based Mammoth Energy Services, Inc. will hold its annual meeting of stockholders on June 2, 2021. A proxy filing by Mammoth with the Securities and Exchange Commission indicated the meeting will be held at 10 a.m. Central Time at 14201 Caliber rive, Suite 300 in Oklahoma City. The meeting will include the election …

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US crude oil prices fall below $63 a barrel

  After starting the week with a slight increase, crude oil prices in the US and in Europe suffered losses in Tuesday’s trading and many Oklahoma energy stocks followed suit. West Texas Intermediate crude for May delivery suffered a 94 cent loss to $62.44 a barrel in trading on the New York Mercantile Exchange. In …

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OKC’s Chesapeake Energy Arena to be renamed

  The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. The Oklahoma City Thunder made the announcement Tuesday morning on its website stating it was focused on identifying a new long-term naming rights partner and in the interim, the building would continue to be called …

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Entire workforce fired at Liberty Power

  After the February storm hit Liberty Power hard in Texas, the company this week fired every one of its employees. The electricity retailer serves customers in nearly a dozen states and told workers to hit the door with not even a 60-day notice. Click here for Bloomberg News story.