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3Q dividend declared by Phillips 66 Partners
Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2018 cash distribution of $0.792 per common unit. This quarter’s distribution represents an increase of 5.3 percent over the previous quarterly distribution of $0.752 per unit and a 22.6 percent increase over third-quarter 2017. The distribution increase is …
Earthstone Energy acquires Sabalo Holdings in $950 million deal
Another takeover in the oil and gas industry. Earthstone Energy, Inc. announced its $950 million acquisition of Sabalo Holdings, LLC based in Corpus Christi, Texas. The deal includes nearly 21,000 acres in the Midland Basin as well as 488 gross operated horizontal drilling locations and another 349 non-operated locations. Earthstone acquired the assets with $650 …
Interim legislative study focuses on energy taxes in Oklahoma
There’s just no letup in the political battle over whether the gross production tax on oil and gas in Oklahoma should be raised to a full 7 percent. Democratic candidate for governor Drew Edmondson is campaigning to increase the GPT while Republican Kevin Stitt is against it. So one legislator wants to learn more details …
Oklahoma begins two new environmental programs using funds from settlement over VW emissions scandal
Using money from its share of the VW emissions scandal lawsuit settlement, the state’s unveiled two new environmental programs. The Oklahoma Department of Environmental Quality announced the availability of funding from two programs, the Oklahoma Clean Diesel Program (DERA) and the Alternative Fuel School Bus Program, to be spent towards reducing vehicle emissions in the …
Oil-rich zone between Watonga and Kinfisher targeted by two exploration companies
More multi-well pad sites will be drilled in Oklahoma’s STACK play according to permits to drill issued this week by the Oklahoma Corporation Commission. Tulsa-based Pride Energy Co. is planning five wells at one pad site in Blaine County. Located in the oil and gas rich area between Watonga and Kingfisher, the Red Land #3, …
Permits to drill for Oct. 17, 2018
Permits to drill for Oct. 17, 2018. Blaine County RED LAND #7-35H, October 17 2018 35 17N 10W SWSESESW API: 01124107 Lat: 35.89933142763569, Long: -98.23869613429237 PRIDE ENERGY COMPANY HH, DR, 14486 ft, MERAMEC(9255) Blaine County RED LAND #6-35H, October 17 2018 35 17N 10W SWSESESW API: 01124106 Lat: 35.89933143147023, Long: -98.23876365907743 PRIDE ENERGY COMPANY HH, DR, 14510 …
Completion reports for Oct. 17, 2018
Completion reports for Oct. 17, ,2018. CADDO COUNTY Continental Resources Inc Mississippian(14408): Gas 25021 Water 1323 Flow 17 12N 13W Mol 1-17-8xh, February 07, 2018 HH, GAS, TD: 25812 ft Lat: 35.50911, Long: -98.59037 API: 35015232830000 DEWEY COUNTY Newfield Exploration Mid-con Inc Mississippi Lime: Oil 512 Gas 1327 Water 620 Flow 26 19N 15W C.l.c. 1915 1h-26, July 03, 2018 HH, OIL, TD: 14736 ft …
Latest earthquake rumbles in southern Kansas
The latest earthquake in southern Kansas struck Wednesday evening near the small town of Metcalf, a place shaken by a quake earlier in the day. The U.S. Geological Survey says it was a 2.8 magnitude quake at 6:06 p.m. with a depth of about 3 miles. Metcalf is about 43 miles west of Arkansas City, …
Firefighting foam chemicals cause environmental problems at New Mexico Air Base
Environmental problems have been discovered at the Canon Air Force base near Clovis, New Mexico. Here’s what Politico’s Morning Energy Report explained: The Air Force alerted New Mexico officials Tuesday that toxic PFAS chemicals used in firefighting foam have been detected at levels more than 23 times EPA’s recommendation in drinking water supplies near Cannon …
Cherokees sue over FCC and small cell tower rule
Led by Oklahoma’s Cherokee Nation, several Indian tribes asked the D.C. Circuit Court of Appeals this week to strike down an FCC rule that allows mobile carriers to build small-cell fixtures without getting tribal approval. Ten tribes originally filed an appeal with the Federal Communications Commission in August but this week, took their case to …