Kansas approves ONEOK plan
Kansas regulators have approved a settlement agreement that allows ONEOK Inc. to separate its natural gas distribution business into a stand-alone company, the Tulsa-based company announced Thursday. ONEOK in July announced plans to move subsidiaries Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service into a new publicly traded company called ONE Gas Inc. The new company, which will be based in Tulsa, will be one of the largest natural gas utilities in the U.S., serving more than 2 million customers. The transaction is expected to close in late January or early February.
ONG warns of phone scam
Oklahoma Natural Gas is warning customers of a potential telephone scam. Several customers have contacted the natural gas utility after receiving calls from purported company employees demanding payment over the phone. ONG said it does not conduct business that way. The company also said customers should not provide personal information over the phone unless they initiated contact.
Vestas to supply turbines
Wind turbine maker Vestas will provide turbines for Enel Green Power North America Inc.'s 150-megawatt Origin wind farm in Oklahoma, the company announced this week. Vestas also will supply Enel Green with turbines capable of generating up to an additional 836 megawatts; 200 megawatts of that order is firm. “We're thankful to work again with a major global company like Enel Green Power which has a proven track record of building successful wind-energy projects in this country,” said Chris Brown, president of Vestas' sales and service division in the United States and Canada. “Our 2-megawatt platform features turbines that are reliable, proven workhorses with a very competitive cost of energy.”
Strobel Starostka wins job
MUSTANG — Strobel Starostka Transfer has been chosen to operate a new train facility for crude oil units in Wyoming. Eighty-Eight Oil's new facility in Guernsey, Wyo., is the first rail terminal in the area capable of loading multiple crude types. Strobel Starostka will handle all operations and logistics at the facility. It will increase its employee count there from 20 to 60 in 2014.
PetroTech plans 3 new wells
PetroTech Oil and Gas Inc. is proceeding with plans to drill three new wells in its Nowata lease in Oklahoma, the Texas-based company announced this week. “After assessing the existing Nowata leases, and as we are progressing on the workovers that we are doing there, we were able to secure a good price on drilling three new wells on the existing property,” President Eddie Schilb said. He said the new wells, which are expected to produce about 30 barrels of oil a day, will help PetroTech generate better returns on the project.
Gastar well reaches peak
A Gastar Exploration Inc. well in Oklahoma's Hunton Limestone play reached peak 24-hour production of 906 barrels of oil equivalent, the Houston-based company announced this week. The Mid-Con 7H well in Kingfisher County produced an average of 782 barrels of oil equivalent a day over the next 17 days. Gastar has a 48 percent working interest in the well. CEO J. Russell Porter said four of the company's last six Hunton wells have produced at rates significantly above its type curve of 608 barrels of oil equivalent a day. Gastar's partner in the play, Husky Ventures, currently is drilling two more Hunton wells, with one awaiting completion.
Enerlabs accepts merger plan
Energy and environmental testing laboratory company Enerlabs Inc. has reached a verbal agreement to merge with four companies, the Oklahoma City company announced Thursday. Three of the companies are other testing labs, while the fourth manufactures a variety of chemicals and related products. Enerlabs did not identify the companies, but promised to release more specifics about the proposed merger at a later date. The companies' annual revenue totals about $30 million. The merger, which is expected to occur in early 2014, must be approved by the companies' shareholders.
College offers LPG tech class
Oklahoma City Community College will offer a certification course next month for technicians working with liquefied petroleum gas-fueled equipment and vehicles. Prospective students should be skilled in engine performance and electrical systems. Participants will be eligible to take Oklahoma's certification exam if they successfully complete the $600 course, which will be Jan. 8-10. To register, contact John Claybon at 682-7855 or firstname.lastname@example.org.
Newfield boosts investment
Newfield Exploration Co. plans to boost its investment in Oklahoma's Anadarko Basin next year, spending about $700 million in its single-largest investment region. The Houston-based company expects to double its production in the region where it holds 225,000 net acres. “Our results to date have been very strong and we are improving our returns through fewer drilling days, optimized completion practices and the proven efficiencies associated with pad drilling,” CEO Lee K. Boothby said. “We are fortunate that three of our four focus areas are largely ‘held-by-production' and we can redirect capital to our SCOOP and STACK plays without foregoing any future drilling opportunities in other regions.”
BNK finishes frack stimulation
California-based BNK Petroleum Inc. has completed fracture stimulation of its latest well in Oklahoma's Tishomingo Field. Early flowback from the well has averaged about 750 barrels of oil equivalent, which is comparable to BNK's previous well despite its shorter lateral section. “We are very pleased with the production results from this well,” CEO Wolf Regener said. “Our technical team targeted what they believed was a more oil prolific portion of the reservoir and the early flow data has validated that.”
From staff reports