Website created for teachers
The Oklahoma Energy Resources Board has created a new website for state teachers. OERB HomeRoom gives teachers access to the board's eight energy education programs, with newly created video labs, message boards for teachers and virtual field trips for students. “It is important for the OERB to have a digital hub that will provide updates to the curricula and the materials teachers need,” Education Director Carla Schaeperkoetter said. “HomeRoom was the next step to enhance our student education programs.” The programs use science, math, language arts and social studies to teach children about the oil and natural gas industry, with hands-on experiments and lessons. All material is free for state teachers.
ONG ranks high with customers
TULSA — Oklahoma Natural Gas has received the highest regional ranking in customer satisfaction for the second straight year, according to a study released this week by the J.D. Power marketing company. ONG ranked highest in the large-utility segment in the south region with a score of 669. Overall customer satisfaction with gas utility companies averaged 640 points on a 1,000-point scale in 2013, which is up from 634 in 2012 and 616 in 2009. The study, which is in its 12th year, considers six areas: billing and payment; price; corporate citizenship; communications; customer service; and field service. The study found that natural gas utilities are communicating more effectively with their customers about energy-savings programs.
NGL begins public offering
TULSA — NGL Energy Partners LP on Thursday launched an underwritten public offering of 4.1 million common units. Underwriters will be able to purchase up to 615,000 additional common units, which represent limited partner interests. NGL Energy intends to use proceeds from the offering to repay debt incurred from recent acquisitions.
Gulfport reports on 3 Ohio wells
Gulfport Energy Corp. this week announced production results from three wells in Ohio's Utica Shale. Each well in the liquids-rich play produced an average of more than 1,000 barrels of oil equivalent a day. The most productive of the three wells averaged more than 2,600 barrels of oil equivalent, the company reported Tuesday. Gulfport recently began flowing production from the wells into sales pipelines.
Osage well has one-day peak
Osage Exploration and Development Inc. this week reported production from its latest Horizontal Mississippian well reached a one-day peak of 608 barrels of oil. CEO Kim Bradford said the significance of the early production from the well, Osage's second in its section, may be “more than meets the eye.” He said the first Osage well drilled in that section already has produced more than 30,000 barrels of oil and 30 million cubic feet of natural gas. “Conventional wisdom about drilling additional wells in close proximity to other producing horizontal wells suggests that the later wells may not be as strong,” Bradford said. “However, this has not been the case with the Tontz 2-32H.” The California-based company owns an 8.23 percent stake in the latest well. “Our well results and those of offsetting operators in the Mississippian and Woodford formations in Logan County continue to redefine what the industry previously understood about the Horizontal Mississippian and oily Woodford plays,” Bradford said. “Osage's Mississippian and Woodford acreage is simply in a superior part of the reservoir.”
WPX gives $25K to arts program
TULSA — WPX Energy this week donated $25,000 to the Any Given Child arts program, which benefits students in Tulsa Public Schools. “We are so honored to give this gift to Any Given Child in the name of John H. Williams, whose passion and investment in the arts greatly benefitted this community,” said Marcia MacLeod, the company's senior vice president of human resources and administration. “We believe in this program and its commitment to give arts exposure to thousands of Tulsa students.” Williams, who died in May, was the former chairman and CEO of The Williams Cos. Inc. Tulsa's Performing Arts Center is his namesake.
PetroTech seeks more acres
PetroTech Oil and Gas Inc. has signed a letter of intent to acquire 240 acres of leasehold from CAVU Resources Inc., the Texas-based company announced this week. PetroTech will buy a 100 percent working interest and 81.25 percent net revenue interest for $400,000. The company plans to rework 26 wells within the acreage. Each well is expected to produce up to 20 barrels of oil a day before leveling off after several months.
From Staff Reports