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State regulators to consider protective order for OGE
The Oklahoma Corporation Commission meets Tuesday and one of the items on the agenda is an issue still related to the 2017 Tax Cuts and Jobs Act signed into law by President Trump. As a result of the Act, Oklahoma Gas and Electric had a $64 million net rate reduction which was approved by the …
New ONEOK filing with SEC
The most recent filing with the Securities and Exchange Commission by ONEOK showed ownership of shares by the company’s Vice President and Chief Accounting Officer. The filing on March 1 indicated ownership of more than 14,000 shares by Mary M. Spears. Nearly 2,800 were part of her 401(k) while the remaining 12,000 were direct …
Devon Energy highlights growth in March Investor Presentation
Oklahoma City’s Devon Energy has released its March Investor Presentation, highlighting its growth and accomplishments in the past year. The presentation emphasizes divestiture proceeds of $30 billion, its new assets and how its portfolio is positioned in the top oil basins in North America. It also discusses superior oil growth and pricing, improved per-unit costs …
Cheniere Energy gives orders to break ground on 200 mile pipeline in Oklahoma
After getting approval last week from the Federal Energy Regulatory Commission to begin construction of a 200-mile natural gas pipeline in Oklahoma, Cheniere Energy, Inc. gave the go-ahead orders to construction companies. Cheniere issued what is called a Notice to Proceed to four different companies including Strike, LLC, M.G. Dyess, Inc., TRC Pipeline Services, LLC …
Inhofe stands behind bill to protect oil and gas industry
While some in Congress are pushing the Green New Deal, a measure attacking the oil and gas industry, Oklahoma U.S. Sen. Jim Inhofe and others in the Senate are advocating a measure to protect the industry to some degree. Inhofe has cosponsored S. 383, the Utilizing Significant Emissions with Innovative Technologies (USE IT) Act. It …
Rig counts declined in Oklahoma and most other energy producing states in past week
Like most states in the oil and gas producing region, Oklahoma reported a loss of drilling rigs in the past week. Baker Hughes Co. reported Oklahoma’s count dropped by 2 to reach 115. Of the oil plays in the state, the Granite Wash, which includes the Texas Panhandle remained steady at 5 working rigs. The …
Permits to drill for March 1, 2019
Permits to drill issued for March 1, 2019. Blaine County DR #1-1-36XH, April 27 2017 01 13N 13W SESESESE API: 01123790 Lat: 35.62398158865025, Long: -98.52676414132208 CONTINENTAL RESOURCES INC HH, AM, 24595 ft, MISSISSIPPIAN(14684), WOODFORD(14794) Canadian County GARRISON #1H-29-32, February 28 2019 29 12N 10W NWNWNENW API: 01725406 Lat: 35.492152396644684, Long: -98.28400111043103 CITIZEN ENERGY III LLC HH, DR, …
Completion reports for March 1, 2019
Completion reports filed for March 1, 2019. BLAINE COUNTY Continental Resources Inc Mississippian/woodf Ord: Gas 7642 Water 4807 Flow 1 13N 13W Dr 1-1-36xh, May 07, 2018 HH, GAS, TD: 24595 ft Lat: 35.62398, Long: -98.52676 API: 35011237900000 Devon Energy Production Co Lp Mississippian(10286): Oil 604 Gas 2673 Water 788 Flow 13 15N 10W Horsefly 13_24-15n-10w 7hx, August 13, 2018 HH, OIL, TD: 21098 ft …
Drone-maker buys Oklahoma engine maker
Drone-maker Kratos Defense and Security Solutions, the firm that moved operations last year from California to Oklahoma City has made a nearly $60 million acquisition of a majority interest in an Oklahoma small-engine company. Kratos ended up with 80.1 percent interest in FTT Core LLC and Florida Turbine Technologies Inc. which owns Consolidated Turbine Specialists. …
Oklahoma wind farm operators to face annual state fees
Wind farm operators in Oklahoma might have to start making a $2,000 annual payment to the state following the adoption of wind fee rules by the Oklahoma Corporation Commission. The $2,000 fee is for each facility and will fund oversight responsibilities for the commission. But the wind farm operators will also be charged $5,000 whenever …