Author's posts
Nearly $6 million Bid on School Land Oil/Gas Leases
A recent Oklahoma Land Commission sale of oil and gas leases netted nearly $5.8 million on 98 different parcels of land in 14 different counties ranging from Texas County in the Panhandle to Pittsburg in the southeast. The honors for the largest amount of money paid for one lease went to Houston, Texas-based Newfield Exploration, a …
Clayton Williams Energy Unloads $150 million in Shares
Midland, Texas based Clayton Williams Energy, Inc. has announced he sale of $150 million in shares to funds managed by Ares Management, L.P. The sale involves 5,051,100 shares of common stock in the firm whose operations stretch into Oklahoma. Proceeds will be used to provide more liquidity for potential debt reduction transactions related to …
Small Percentage of Explorer Pipeline Acquired by Phillips 66
Phillips 66 Partners LP has announced it’s acquired another 2.5 percent equity interest in Tulsa-based Explorer Pipeline company. The purchase results in Phillips owning 22 percent of Explorer which is owned by subsidiaries of American Capital Strategies Ltd, Phillips66, Marathon, Sunoco Logistics and Shell. Neither side disclosed any terms of the purchase. Explorer operates a …
Inhofe says EPA Fails to Include Flyover Country on Advisory Committee
Oklahoma U.S. Sen. Jim Inhofe is asking Environmental Protection Agency Director Gina McCarthy to correct her lack of geographic diversity on the list of candidates she nominated to serve on one of the agency’s advisory committees. In a recent letter, he pointed out how she has had a problem in making appointments in the past …
EPA Sued for Not Enforcing Ozone Mandates
In a lawsuit filed in California by a coalition of environmental and public-health groups, it is alleged the Environmental Protection Agency failed to enforce 16 states and the district of Columbia to finalize plans to reduce ozone pollution. Oklahoma is not one of them. “Millions of people are relying on the EPA to protect them …
Oil Slowdown Hits North Dakota Highway Traffic Figures
Any state that relies heavily on oil and gas gross production taxes for state revenue has felt the impact of the drop in oil prices over the past two years. Oklahoma has. So has Texas. And North Dakota finds fuel tax collections for the State’s Transportation Department are taking a hit with fewer vehicles on …
Colorado Police Deny Targeting Environmental Protesters by Using Undercover Officers
Turns out undercover police officers were in the crowd of oil and gas protesters who demonstrated peacefully last May in the Denver suburb of Lakewood. Police at Lakewood deny they were there to target the protesters but simply to provide information to commanders. The Associated Press says the department claims the undercover operators were not …
STACK Delivers Again While Hughes County is Home to More Gas Wells for Petroquest
The STACK keeps on delivering for Oklahoma City’s Devon Energy and Houston-based Newfield Exploration while Tulsa’s Petroquest reports five more gas wells in gas-rich southeastern Oklahoma. As indicated by the latest completion reports revealed on OK Energy Today, Devon Energy’s hit a well producing more than 1,600 barrels of oil daily in Blaine county. The MARMOT …
Alaska Oil Headed Overseas For First Time in 30 Years
NEW YORK (Bloomberg) — A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years. The Bahamas-flagged Tianlong Spirit, currently off the coast of California, is set to load a 136,000-ton cargo around July 25 from Alaska and then head …
Drought is Slowly Growing Again in Oklahoma
Expect Oklahoma to continue baking a few more days with temperatures hitting 103-104 degrees in northwestern Oklahoma, right in the area where oil and gas drilling operations have seen slight increases in activity. “We’re still caught in heat dome hell, I’m afraid,” says State Climatologist Gary McManus with the Oklahoma Mesonet. He says the lack …