Author's posts
Permits to drill for March 7, 2019
Permits to drill issued on March 7, 2019. Canadian County RED BULLET 22-27-34-11-7 #3WXH, January 15 2019 22 11N 7W SENENWNW API: 01725367 Lat: 35.41944116249999, Long: -97.93325585937501 ROAN RESOURCES LLC HH, AM, 23754 ft, WOODFORD(10554) Creek County KIEFER UNIT #23-19, March 07 2019 08 17N 12E SWNENWSE API: 03705642 Lat: 35.965208761713015, Long: -96.05329909082572 DEXXON INC SH, …
Encana to cut rigs in the STACK
Alta Mesa Resources isn’t the only energy firm to implement some changes in operations in Oklahoma’s STACK. Word came this week that the Canadian energy company Encana intends to cut the number of rigs in operation but maintain or even increase productivity. It’s dropping its total rigs from 10 to four during the time period. …
ExxonMobil settles government claims over 2013 deadly refinery fire in Texas
ExxonMobil has agreed to pay a $616,000 civil penalty over the 2013 fire at its Beaumont refinery that killed two workers and injured ten others. But it also do much more to meet approval from government regulators. The agreement was announced this week by the Justice Department. Under the deal, ExxonMobil will also hire …
Number of oil and gas rigs increases worldwide
Baker Hughes, a GE company announced that the Baker Hughes international rig count for February 2019 was 1,027, up 3 from the 1,024 counted in January 2019, and up 48 from the 979 counted in February 2018. The international offshore rig count for February 2019 was 250, up 8 from the 242 counted in January 2019, and up 56 from the 194 …
Sen. Lankford says it’s a bad idea to mandate electrical purchases from risky coal and nuclear power plants
In releasing his 4th Federal Fumbles edition this week, Oklahoma U.S. Sen. James Lankford was critical of protecting nuclear and coal generators that are at risk of closure. “Coal and nuclear are great fuel sources, but the decision to use them should be based on the market, not the mandate,” stated the Senator in the …
BNSF to build another new logistics center
Burlington Northern Santa Fe railway announced this week that construction is underway on a massive new logistics center near Denver. The company did not reveal the cost but said the 430-acre Logistics Center Hudson is located about 20 miles north of Denver International airport and 30 miles northeast of downtown Denver. BNSF said the fully-permitted …
Senate delays vote on Green New Deal
Could be a few more weeks before Republican leaders in the U.S. Senate manage to force a vote on the Democrats’ Green New Deal. if you were expecting a vote this week, it won’t happen. As POLITICO reported this week, the resolution outlining the scope of the Green New Deal won’t be ready until “the …
Energy industry led nation in number of increased jobs in 2018
A new government report shows the strength of the energy sector when it comes to employment in the U.S. Most areas showed significant increases in the number of workers in 2018 according to the report from Energy Futures Initiative and the National Association of State Energy Officials. The report showed that the traditional energy and …
HollyFrontier fights mini-tender offer
Management at one company that owns and operates a refinery in Tulsa is urging shareholders to reject an unsolicited mini-tender offer by another firm. HollyFrontier Corporation was notified of the offer by TRC Capital Corporation which indicated it wants to purchase up to 2 million shares of the company common stock. The purchase would represent …
SCOOP-STACK operator reports increased 4Q and 2018 earnings
Nine Energy Service, Inc., one of the exploration and production companies active in Oklahoma’s STACK and SCOOP reported a fourth quarter net loss of $77 million on revenues of $229.4 million. The revenues increased about 5% compared to the third quarter of 2018 when revenues totaled $218.4 million. But the fourth quarter net loss …