September 5, 2017 archive

WTI and Brent Crude Settlements Jump on Tuesday

Domestic oil prices saw on their highest finish in three weeks on Tuesday as Gulf Coast refineries powered back up after the disruptions caused by last week’s Hurricane Harvey, according to Bloomberg MarketWatch. October West Texas Intermediate crude oil advanced $1.37, or 2.9%, to settle at $48.66 a barrel on the New York Market Exchange. November …

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Permits to Drill September 6, 2017

  Grady County E J CRADDOCK #1R-28X21H, September 05 2017 33 5N 6W NWNENWNW API: 05124187 Lat: 34.86873832738842, Long: -97.84423004814916 GULFPORT MIDCON LLC HH, DR, 25044 ft, SYCAMORE(14277), WOODFORD(14677), HUNTON(14897) Kingfisher County LAND RUN SWD #1A, September 05 2017 29 16N 5W N2SWNWSW API: 07325772 Lat: 35.83256663743188, Long: -97.76215277514773 OKLAHOMA SWD 1 LLC SH, DR, 5500 ft, …

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Tulsa’s Magellan Begins Work on New $150 million Crude Line in Texas

Tulsa-based Magellan Midstream Partners, L.P. has announced plans to build a $150 million, 60-mile crude oil pipeline in the Delaware basin of West Texas. And get ready for all of the jokes about “don’t Wink or you’ll miss it” and others. New construction is just starting on the Delaware Basin pipeline. the 24-inch line will …

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Nation’s Largest Gasoline Pipeline System Reopens in Houston

The largest U.S. refined product pipeline, the Colonial Pipeline has resumed pumping of diesel and jet fuel shipments on one of its lines out of Houston. And gasoline flows were expected to be underway by sometime on Tuesday. The company sent a notice to shippers on Monday, indicating, “Line 2 has resumed operation from Pasadena …

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Plastic Shopping Bag Ban to be Decided by Texas Supreme Court

  A ban on plastic and paper bags in retail stores in Laredo, Texas is headed to the Texas Supreme Court. The city appealed after a lower appellate court ruled the ban on store-provided plastic bags was unconstitutional. Arguments are set for Jan. 11, 2018 before the supreme court. The decision of the high court …

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New State Economic Report Shows Importance of Oil and Gas Industry

Oklahoma’s economy continued a slow recovery so far in 2017 according to a new report from the Oklahoma Employment Security Commission. The Oklahoma Economic Indicators report for August 2017 indicated once again that the state’s oil and gas industry has played a major role in the recovery. It noted how the state’s rig count has …

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More Oklahoma National Guard Troops Join Relief Effort in Texas

Another 500 Oklahoma National Guard soldiers left Tuesday morning for Texas to join 1,500 others already there taking part in Hurricane Harvey relief. The latest were members of the 90th Troop Command forming Task Force 120.  They left Broken Arrow and once after arriving in Austin, Texas will be deployed in various support operations including …

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Gasoline Prices Hold Steady in Oklahoma but Climb Nationally After Harvey

Hurricane Harvey continues to have an impact on gasoline prices nationally as well as in Oklahoma. The national average jumped to $2.64 a gallon on Monday according to AAA while in Oklahoma the average was at $2.18. Energy experts believe prices will stay high for days, maybe weeks as refineries in south Texas continued to …

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Tar Creek Audit Still A Secret as AG Blocks Release to Public

A controversial decision when EPA Administrator Scott Pruitt was Oklahoma Attorney General two years ago remains a puzzle to some of his critics. And current Attorney General Mike Hunter is adding to the mystery in refusing to release a state audit of spending activities by a former board in charge of the buyout of homes …

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Williams Cos. Asks Feds to Approve Gas Project for Northeast U.S.

Tulsa-based Williams Partners L.P. says its Transcontinental Gas Pipeline Company, LLC has asked for federal approval to create a new $127 million system to supply the northeast with more natural gas. The company filed an application with the Federal Energy Regulatory Commission for approval of what it calls its “Rivervale South to Market” project. It …

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