Oklahoma business energy news

[Plutonic Panda]

It spilled into the environment. Plain and simple. lol

[ctchandler]

It spilled into the environment. Plain and simple. lol

PluPan,
First, glad to see you posting again, but pick your poison, oil will be moved in some manner, rail, tanker trucks, or pipelines. Which do you believe is best? And ships don't count because eventually, it has to be moved inland and as far as I know there aren't any amphibious tankers. Of course I did see your "Lol", so not sure how serious your comment was.
C. T.

[Plutonic Panda]

PluPan,
First, glad to see you posting again, but pick your poison, oil will be moved in some manner, rail, tanker trucks, or pipelines. Which do you believe is best? And ships don't count because eventually, it has to be moved inland and as far as I know there aren't any amphibious tankers. Of course I did see your "Lol", so not sure how serious your comment was.
C. T.

Thank you! I've been really busy for awhile.

Well, I was being a little facetious. I understand what happened.

[catch22]

It is still a spill. It doesn't matter if the pipeline failed or if human factors played a part. The energy sector continues to push this concept that pipelines are immune to oil spills. It is fair to point out that they can spill just as rail does, in many ways.

I manage over 3 million gallons of jet fuel storage per day at my other job, and we have a dedicated pipeline bringing us close to, and in some cases, more than 500,000 gallons of jet fuel per day. Any hydrocarbon spill over 50 gallons is a major spill requiring fire departments, the EPA, and a file cabinet full of paperwork.

This was most definitely a spill, because 42,000 gallons of oil spilled.

[PhiAlpha]

It is still a spill. It doesn't matter if the pipeline failed or if human factors played a part. The energy sector continues to push this concept that pipelines are immune to oil spills. It is fair to point out that they can spill just as rail does, in many ways.

I manage over 3 million gallons of jet fuel storage per day at my other job, and we have a dedicated pipeline bringing us close to, and in some cases, more than 500,000 gallons of jet fuel per day. Any hydrocarbon spill over 50 gallons is a major spill requiring fire departments, the EPA, and a file cabinet full of paperwork.

This was most definitely a spill, because 42,000 gallons of oil spilled.

I don't think I've ever seen an energy company say that spills and accidents never happen or that pipelines are immune to accidents. The point has always been that pipelines are the safest way to transport liquid or gaseous hydrocarbon products and it is done without issue the vast majority of the time, especially when you consider the huge number of pipelines vs the number of incidents. Can you give any evidence to contradict that or offer a safer method of transportation for them?

When there are spills, they generally aren't that difficult to clean up and if environmental remediation is done properly, the impacts are almost completely unnoticeable after the next growing season. When dealing with surface spill issues,we would pay for any crop damages then offer to remediate the surface ourselves or pay the surface owner to do it (either himself or after getting an estimate from a third party). Our only complaints came when surface owners took the money, spent it, never did the remediation work, and were pissed when they mysteriously couldn't grow anything the next year.

[catch22]

I want to be clear, I am not against pipelines in most cases. I was making a simple observation, that some promoters of pipelines put out that they are immune to anything bad from happening. I think it's fair to be realistic with expectations of both sides to the issue.

[ctchandler]

I want to be clear, I am not against pipelines in most cases. I was making a simple observation, that some promoters of pipelines put out that they are immune to anything bad from happening. I think it's fair to be realistic with expectations of both sides to the issue.

Catch,
I totally agree with your last statement, but can you name a reputable organization that says "pipelines are immune to anything bad from happening"? That would be a pretty irresponsible statement.
C. T.

[PhiAlpha]

Catch,
I totally agree with your last statement, but can you name a reputable organization that says "pipelines are immune to anything bad from happening"? That would be a pretty irresponsible statement.
C. T.

That is my question as well. To my knowledge no one has ever said or tried to create the illusion that pipelines are immune to accidents or spills, the point has always been that the products will be moved one way or the other and pipelines are the safest way to do it.

[ou48A]

Not only are modern pipelines statistically safer for both people and the environment than any other form of transportation they are a cheaper form of transportation…

The additional savings gives business who buy in bulk units via pipeline a cost advantage. Which means they can often sell their product cheaper at home and abroad ….This holds down consumer prices but also leads to higher employment levels for US workers. Many of these are very good jobs!

Oil will always find its way to the market place. Those who block the development of modern pipelines are actually increasing the risk to the environment, the economy and to the safety of average people!

For those of you who do not know… I have about 16 years of field experience dealing with large diameter, very long distance transmission pipelines, gathering systems and their associated facility’s… I can easily say new pipelines are now designed and built to far higher standards than they were 30 or more years ago….

Unlike crude trains, major new pipelines can be rerouted away from high populated areas.

[mkjeeves]

What to do with all the oil?

Something Very Strange Is Taking Place Off The Coast Of Galveston, TX | Zero Hedge

[gopokes88]

What to do with all the oil?

Something Very Strange Is Taking Place Off The Coast Of Galveston, TX | Zero Hedge

The market is going to try and plummet the price of Brent and wti as hard and as fast as they can ahead of this opec meeting to try and scare them into cutting production. As the price gets lower and lower instability in the Mid East will grow and grow

[Plutonic Panda]

7 disposal wells in northern Oklahoma ordered to stop operations | Oklahoma City - OKC - KOCO.com

[Plutonic Panda]

Energy industry in Oklahoma prepares for retirement boom | News OK

[ljbab728]

Not all is doom and gloom in the OKC energy related businesses.

Oklahoma City oil-field technology company Oseberg gets $10 million investment | NewsOK.com
.

Despite a bearish energy market, oil and gas technology startup Oseberg said Tuesday it has closed on a $10 million investment round.

Oseberg, which has offices in Oklahoma City and New Orleans, also announced a new product called Sól, a Web-based research tool that improves access to oil and gas industry data.

[PhiAlpha]

Not all is doom and gloom in the OKC energy related businesses.

Oklahoma City oil-field technology company Oseberg gets $10 million investment | NewsOK.com
.

I've used some of their software and it's great stuff. These guys will continue to do great things, glad they received some additional investment.

[Plutonic Panda]

This would be a step in the right direction.

Marginal wells could lose tax exemption | The Journal Record

[bradh]

This would be a step in the right direction.

Marginal wells could lose tax exemption | The Journal Record

Someone correct me if I'm wrong, but this will essentially shut down stripper wells, right?

[Teo9969]

Layoffs at Chaparral today.

[ou48A]

This would be a step in the right direction.

Marginal wells could lose tax exemption | The Journal Record

Why would that be a step in the right direction?

[bradh]

Why would that be a step in the right direction?

He just thinks it's more money to the state to hopefully fix problems i.e. education. There is more to it that I'm really not qualified to speak on though.

[Just the facts]

It would either increase state revenue or lower oil production. Both would be an improvement.

[Plutonic Panda]

Why would that be a step in the right direction?

He just thinks it's more money to the state to hopefully fix problems i.e. education. There is more to it that I'm really not qualified to speak on though.

Because I think the state needs more money and we tax oil companies way too low.

Please correct me if I'm wrong... I am not an expert on this matter.

[PhiAlpha]

Because I think the state needs more money and we tax oil companies way too low.

Please correct me if I'm wrong... I am not an expert on this matter.

Dont disagree that some operations are taxed too low, however raising taxes on marginal wells in the worst pricing environment in 15 years is probably not the best place to start. If wells are marginally economic at the current price of oil, I don't think it would be wise to raise taxes and make them even less economic. The state would probably lose more money from production on all the wells that would have to be shut in or plugged than it would make on the tax increase. That's just speculation, but not implausible.

[bradh]

Plu...I'm not either, I just know little enough to bring it up. I don't disagree the state needs more funds, but I think there is more to the story with these marginally producing wells. I just need one of our local O&G experts to take it from here

[bradh]

Aren't marginal wells also a vital income source for some entities (such as farms, schools, etc) and individual landowners who have them on their property, not just the producers of those wells?