Monthly Archive: November 2016

Crude Oil Futures Rebound With $4 a Barrel Gains as OPEC Strikes Deal to Curb Output

Crude oil futures posted vaulted to more than a 9% gain on Wednesday after news that OPEC reached an agreement to cut production for the first time in eight years, according to Bloomberg MarketWatch.

At the Vienna summit conference, the 14-member OPEC cartel agreed to cut daily production by 1.2 million barrels a day …

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Permits to Drill December 1, 2016

 

Canadian County MEIWES #1-25H, November 30 2016 24 11N 9W SWSESESE API: 01724951 Lat: 35.40709507251091, Long: -98.09806923207125 CIMAREX ENERGY CO HH, DR, 17767 ft, MISSISSIPPIAN(12407), WOODFORD(12475), HUNTON(12890)

Carter County DOC BROWN #1-30-19XH, November 30 2016 30 3S 2W NENENESE API: 01926248

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Senator Lankford to Examine Renewable Fuels Standards in Senate Hearing

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Oklahoma U.S. Sen. James Lankford will chair a Senate subcommittee hearing into the EPA’s latest Renewable Fuel Standards that have brought opposition from some in Congress, including U.S. Sen. Jim Inhofe.

The Senate Homeland Security and Government Affairs Subcommittee on Regulatory Affairs and Federal Management will holding the hearing Dec. 1 at 1:30 …

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Natural Gas Service Customers in Kansas to Pay More

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The Kansas Corporation Commission has approved a $15.5 million rate hike for Kansas Gas Service, a deal that will result in customers paying another $1.25 a month.

Kansas Gas Service is a division of Tulsa-based ONE Gas, Inc., successor to ONEOK.  ONE Gas is considered to be one of the largest publicly traded …

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18 States Sue US Government in What they call a Land Grab through Endangered Species Rules

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Texas and 17 other states have gone to federal court in Alabama against the federal government’s new rules regarding the Endangered Species Act. Oklahoma is not one of the 17 other states but Kansas, Nebraska, Arkansas, Colorado and Louisiana are.

The lawsuit challenges the U.S. Fish and Wildlife Service and National Marine Fisheries …

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Cushing will have to do it alone

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The city of Cushing, rocked by a 5.0 magnitude earthquake will have to make repairs without any federal help.

City leaders were recently informed the city did not meet qualifications for assistance from the Federal Emergency Management Administration.

“We did not meet the threshold to receive any FEMA funds nor any state emergency …

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Economic Outlook Conference to Focus on Oklahoma’s Energy Industry

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An upcoming 2017 Oklahoma Economic Outlook Conference to be held in Oklahoma City by Oklahoma State University will focus on Oklahoma’s energy industry.

The Dec. 6 conference will be held at the Metro Technology Centers Springlake Campus in Oklahoma City by OSU’s Center for Applied Economic Research and Spears School of Business.

Dan …

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Highway Patrol Reduces Hours Due to Budget Cuts

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In a move that will likely affect drivers in the oil and gas industry, coal haulers and others in the transportation business, the Oklahoma Highway Patrol has announced cutbacks in patrol hours on state highways due to the state budget shortfall.

The move not only puts troopers on a 100-mile-a-day restriction but applies …

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Inhofe calls U.S. Government Move “heavy handed” to Protect Lesser Prairie Chicken

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U.S. Sen. Jim Inhofe’s not happy about the actions of the U.S. Fish and Wildlife Service and its move to try and list the lesser prairie chicken species as an Endangered Species.

“I am disappointed the FWS is moving ahead to relist the lesser prairie-chicken,” said Inhofe. “Just last year the Western District …

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Gov. Fallin said to be ‘Leading Candidate’ for Interior Secretary

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When it comes to political news in Washington, D.C. the website Politico is considered to be pretty much the Bible. And it’s reporting that Gov. Mary Fallin is the “leading candidate for Interior secretary” in the Donald Trump administration.

The website quotes “three people close to Trump’s transition team.” It was last week …

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