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Devon to Expand Drilling Operations in Oklahoma’s STACK and the Delaware Basin in Texas
Slipped deep in Devon Energy’s second quarter earnings report was word that the company intends to expand operations in Oklahoma’s prolific STACK, that northwest region where wells exceeding 2,000 barrels a day have been hit in the past year. Operations in west Texas will also be targeted for expansion. Devon said its full-year 2016 upstream …
OERB Says Another 40,000 Old Well sites Need Cleanup in Oklahoma
Despite cleaning up more than 15,100 abandoned well sites in Oklahoma, the Oklahoma Energy Resources Board indicated this week it has much work ahead. In a report given to the Oklahoma Corporation Commission, a spokesman for the OERB estimated 20,000 to 40,000 abandoned well sites still need evaluation and cleanup, according to The Oklahoman and …
Newfield Unloads Texas Assets to Speed Operations in Oklahoma’s STACK
Despite huge success in Oklahoma’s STACK play, Texas-based Newfield Exploration Co. reported a second quarter loss of $667 million. And a day after the report of losses, the company announced the sale of all of its assets in Texas so it can speed up drilling in Kingfisher, Blaine and Canadian counties in northwest Oklahoma.. The …
Iowa Pipeline Opponents Burn and Destroy Equipment
Vandals thought to be environmental activists are suspected of damaging three oil pipeline construction sites in central Iowa. It occurred at the Dakota Access pipeline and Jasper County Sheriff John Hafferty says there’s little doubt the fires were intentionally set. He estimated damage to a bulldozer and other large-tracked equipment at $1 million. It was early …
Oil Prices and Rig Counts Slide in Oklahoma While Permits to Drill are on the Increase
Energy facts for consideration in Oklahoma. The average price for oil in Oklahoma in June was $44.94. Two years ago, it was $101.29 a barrel, according to a monthly report issued by the Oklahoma Corporation Commission on oil and gas activity. The nearly $45 average for June 2016 compares to $55.99 a barrel in June of …
Route 66 Fight Underway in Albuquerque
Just as city leaders in Albuquerque, New Mexico anticipated work to begin this week on a new Rapid Transit system, business owners went to court and the Denver federal appeals court halted the project. Business owners cried foul over what the Albuquerque Rapid Transit or ART would do to the character of Route 66, the …
Doerflinger Says He’s Already Impressed with Tax Credit Review Commission
As the commission tasked with reviewing some of the tax credit programs in Oklahoma meets Wednesday, Oklahoma’s Director of the Office of Management and Enterprise Services says the commission is already on track to do a good and effective job. Writing in this month’s Oklahoma Economic Report, issued through the state Treasurer’s office, Preston Doerflinger …
Oklahoma’s Gasoline Prices Drop Again—Reach $1.92 average
Gasoline prices have again slipped in Oklahoma, reaching an average of $1.92, a drop of 2 cents over the past week, according to figures compiled by AAA Oklahoma. The organization says Oklahoma is tied with Arkansas for the fifth lowest average price in the nation. Fourteen states have averages under $2 a gallon with South …
State Okays Highway Repairs and Bicycle and Pedestrian Trails
From trails for bicycles and pedestrians to fixing a highway plagued by landslides, the Oklahoma Transportation Commission took action in favor of several projects this week. As News on 6 reported on its website, repairs were okayed for a highway in northeastern Oklahoma. Commissioners voted in favor of fixing landslide damage on Highway 51 between Sand …
Moderate Success for Chesapeake near Dover
One of Chesapeake’s latest oil wells is a 684 barrel-a-day well close to the Kingfisher County town of Dover. The completion report, as published by OK Energy Today, shows the MUEGGENBORG well is only a mile southeast of Dover. It was also a fast-moving operation since Chesapeake Operating LLC had a May 4 spud date …