Tulsa-based NORDAM announced Monday that the aerospace company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, according to a company press release. The new joint venture company will repair and overhaul structural aircraft components for the China Airlines fleet and other airlines in the Asia-Pacific region. NORDAM’s key leaders …
Wind, Oil, Electric Car Tax Breaks Left in Tax Reform Bill
What kind of energy tax breaks were left in the tax plan unveiled last week by the U.S. Senate? They range from electric cars to wind to drilling for oil. A review of the bill shows Republican writers left an accelerated deduction of “intangible drilling costs” in the bill that has gone before the Senate …
3-Mile Horizontal Wells Drilled in North Dakota’s Bakken
While oil and gas exploration companies are drilling 2-mile laterals in Oklahoma, Exxon Mobil Corporation is drilling 3-mile laterals in the Bakken. The company recently finished four wells in North Dakota that extend 3 miles. Bloomberg News reports that Paul Cheng, an analyst for Barclays Plc met with Exxon executives who told him they are …
Green Roofs Now Mandated in Denver
Denver, Colorado has become the latest city around the world to require more of a “green” effort by those putting up big buildings. A ballot initiative mandating environment-friendly roofs in the city won approval recently with 54 percent voting for the issue. It means Denver will require rooftop gardens or solar panels on new buildings …
Devon Energy Ranked Number 2 in New Mexico Oil Production
A report by the New Mexico Oil and Gas Association shows Oklahoma City-based Devon Energy is the state’s second largest oil producer. The report showed that Devon Energy’s 2016 oil production in New Mexico totaled 16,677,259 barrels of oil out of the state’s total oil production of 136 million barrels of oil. The company tied …
Study Shows High Plains Aquifer Shrinking Faster Than Thought
An analysis by the Denver Post shows the High Plains Aquifer is drying up much faster than experts have thought. The Aquifer stretches from South Dakota and Nebraska through eastern Colorado, Wyoming, Western Kansas, New Mexico, the Oklahoma Panhandle and the Texas Panhandle. The newspaper analyzed federal information showing the Aquifer “shrank twice as fast …
Homeland Security Chemical Tests in Northern Oklahoma Concerns Residents
A plan by Homeland Security to carry out a chemical and biological test early in 2018 at the site of the former Chilocco Indian School in northern Oklahoma is being opposed by area residents as well as a southern Kansas Congressman. The Homeland Security Department recently advertised its “low level outdoor release” project in a …
$1 billion Pipeline to Carry Gas from STACK and SCOOP to Gulf Coast
A $1 billion pipeline from Oklahoma’s Kingfisher County south to Louisiana is planned by Houston-based Cheniere Energy. The 200-mile Midship Pipeline will move natural gas to a south Louisiana liquefied natural gas terminal. There, the gas will be exported overseas. The gas will primarily come out of the STACK and SCOOP fields to the company’s …
OKC Drilling-Information Firm Sold to Austin Company
The Oklahoma City-based Oil-Law Records Corporation has been sold to a Texas firm. Austin’s Drillinginfo has acquired the 62-year old Oklahoma company which provides permits to drill and completion reports for law firms and oil companies. The eleven employees of Oil-Law Records will keep their jobs and so will company CEO J. Brad McPherson. Drillinginfo …
Purcell Company Planning to Move Ahead with Controversial Venezuelan Contract
Operators of the little Purcell drilling company that won a huge contract to drill for oil in Venezuela contend they can handle the operation and plan to begin moving rigs to the troubled company in the coming six to nine months. It’s what CNBC reports after spending weeks attempting to contact the owners of Horizontal …