September 7, 2017 archive

WTI Crude Trades Lower, Brent Crude Rises on Thursday After Increase in Supply Inventory

Domestic crude oil futures settled lower on Thursday after U.S. government revealed an uptick in domestic crude inventories following Hurricane Harvey and the related refinery disruption in Texas, according to Bloomberg MarketWatch. October West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $49.09 a barrel on the New York Mercantile Exchange. On the …

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Permits to Drill September 8, 2017

  Blaine County CHEETAH 32_29-15N-10W #1HX, March 23 2017 32 15N 10W NWSESESE API: 01123772 Lat: 35.726255326902816, Long: -98.27968435888354 DEVON ENERGY PRODUCTION CO LP HH, AM, 21202 ft, MISSISSIPPI LIME(9983), MISSISSIPPIAN(10145), WOODFORD(11770) Grady County SCHMIDT #1-10H, September 07 2017 10 6N 8W NESESWSW API: 05124188 Lat: 35.00083064709977, Long: -98.03668523647407 UNIT PETROLEUM COMPANY HH, DR, 15777 ft, HOXBAR(10869) …

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Hamm and Trump at North Dakota Tax Reform Speech

” You’re the ones who carry this nation on your back, and it’s time for you to get the relief that you deserve.” President Trump on call for tax reform.   President Trump went before hundreds of energy workers in North Dakota on Wednesday to make his call for tax reform. He spoke at the Andeavor …

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Ardmore Airport Getting Improvements

Improvements are coming to the Ardmore Airport aprons, which haven’t seen upgrades since World War II. The Ardmore Development Authority voted this week to support the $325,000 project. Most of the cost is being paid for by the Oklahoma Aeronautics Commission. The Authority will have to invest only $16,250 to redesign two aprons, according to …

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Nationwide Gasoline Prices Still High Following Hurricane

Gasoline supplies might have returned to almost-normal levels in Texas but prices are much higher than a week ago. The U.S. Energy Information Agency reports the nationwide average was 28 cents higher than a week ago, reaching $2.68 a gallon. Prices along the Gulf Coast and the east coast were reported to be higher too….39 …

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Gasoline Supplies Quickly Recovering in Texas Following Hurricane Harvey

Gasoline supplies in Texas are reported to be recovering quickly following Hurricane Harvey. Texas Railroad Commissioner Ryan Sitton told the Associated Press this week any shortages that exist this week will be handled quickly. He also blamed the shortages on hoarding and panic buying by motorists. Sitton reported pipelines are all operational again and supply …

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Company Hopes to Win Power Line Approval in Missouri

In Missouri, where regulators have rejected at least two major high-voltage power lines, one of the companies plans to try again. Ameren , the largest power provider in Missouri announced this week it will make a second attempt at winning approval for a proposed 100-mile line in northern Missouri. The company altered the route and …

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Magellan Announces $375 million Pipeline Project in South Texas

  As Tulsa-based Magellan Midstream Partners was dealing with a 2,500 gallon oil spill in the Houston area Wednesday, the company was announcing plans for a partnership with Valero to construct a 135- mile long pipeline in Texas. As for the spill, the Environmental Protection Agency said it had been cleaned up by the company …

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