December 9, 2016 archive

Permits to Drill December 12, 2016

  Beckham County MCCURRY #3-21HB, December 09 2016 21 11N 25W SESESESW API: 00921978 Lat: 35.40841728779909, Long: -99.85042664097148 FOURPOINT ENERGY LLC HH, DR, 16984 ft, MO’AN (UP GRANITE WASH)(11705) Beckham County MCCURRY (MCCURRY 4-21H) #4-21HC ST, December 09 2016 21 11N 25W SWSESESE API: 00921871 Lat: 35.408280194574374, Long: -99.84288205667627 FOURPOINT ENERGY LLC HH, DP, 16890 …

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City of El Reno Sells Airpark Mineral Rights for $4.8 million

The city of El Reno recently raked in $4.8 million over the competitive bidding for the three-year lease rights to minerals on the City’s Airpark. Haggard Land Company based in Oklahoma City cast the winning bid offering $15,000 per acre and a 20 percent royalty on any oil or natural gas it pulls from beneath …

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Rig Numbers Soar Nationally but Slip in Oklahoma

National rig counts soared in the past week, climbing by 27 while the number of active oil and gas rigs in Oklahoma slipped by one, according to the last information from Houston-based Baker Hughes Company. The national count swelled to 624 including 21 more oil rigs to reach a total of 498. The number of …

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US House Passes Water Bill that Includes Settlement of Oklahoma Water Fight

The Water Bill passed Thursday by the U.S. House included the Oklahoma Water Rights Settlement between Oklahoma City, the state of Oklahoma, the Chickasaw Nation and the Choctaw Nation. It was a deal reached earlier in the year and announced by Gov. Mary Fallin. The measure, formally known as the Water Infrastructure Improvements for the Nation …

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Pruitt Faces a Tough and Likely Dirty Battle Ahead to Be Confirmed as EPA Chief

“A full-fledged environmental emergency.” “A professional climate denier.” “This is a four-alarm fire.” Those are comments from Democrats in the U.S. Senate in describing Oklahoma Attorney General Scott Pruitt and his nomination to be the new administrator of the Environmental Protection Agency. But as E and E News reported in its recent Climate Wire, Republicans …

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No Letup in Drilling Requests for Oklahoma’s STACK

Interest has yet to wane in Oklahoma’s STACK as the number of requests for permits to drill in the three-county area totaled 30 over the past week. A review of the permits as published by OK Energy Today shows the heaviest interest is in Kingfisher county where 14 permits were requested of the Oklahoma Corporation Commission in the …

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Pruitt Promises Rule of Law to be Respected Under a new EPA

Oklahoma Attorney General Scott Pruitt’s already giving an indication of the changes coming at the Environmental Protection Agency if and when he is confirmed to be the new chief administrator. In a Thursday morning interview with Radio Oklahoma Network affiliate KWON, Pruitt explained his fight with the EPA is based on overreach. “It’s this view …

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OCC ALJ Recommends $60 Million Rate Increase for OG&E

Oklahoma Corporation Commission ALJ Ben Jackson has recommended a rate increase of $60.3 million for Oklahoma Gas and Electric Co., according to a report by The Oklahoman. OG&E proposed doubling a monthly customer service charge to more than $26 while reconfiguring residential bills to explain their system costs. The electric utility also proposed lowering the …

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WTI, Brent Crude Rebound With Settlements Above $50 on Thursday

Crude oil futures posted modest gains and moved settlements above the crucial $50 a barrel benchmark on Thursday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude gained $1.07, or 2.2%, to settle at $50.84 a barrel. On the London ICE Futures Exchange, February Brent crude, the global benchmark, tacked on …

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Hamm: Tribal Members Being Used by ‘Fringe’ in DAPL Standoff

Oklahoma’s billionaire oilman, Harold Hamm, sounded off on Thursday, citing a fringe element is responsible for stirring up controversy at the site of the Dakota Access Pipeline protest in North Dakota. President-elect Donald Trump’s key energy adviser questioned the motivations of protesters who are behind the standoff to halt construction of the controversial pipeline. “Let …

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