Entries by V

PLS IRR Scoop Stack Composite

Guest post  – George Aubrey – Petroleum Engineer and President of Trailblazer Energy The players in the SCOOP and STACK plays are touting internal rates of return (IRR) in the 50% to 80% range. What does this really mean AND would a 5% change in the Oklahoma severance tax rate (2% to 7%) make a […]

OIPA demands Dewey Bartlett Jr.s Resignation

The Disintegration of a Petroleum Association   Dewey F. Bartlett Jr. Is a lifetime OIPA board member, former mayor of Tulsa, Former Chairman of OIPA, Former Chairman of the Oklahoma Energy Resources Board, former Chairman of the National Stripper Well Association and a leader in the Oil and Gas industry in America. For OIPA to […]

It’s Not Fake News. It’s Just Not Quite Accurate News.

Recently Adam Wilmoth at the Daily Oklahoman wrote a very well written piece on the landmark benefits of legislation (SB867) that allows horizontals drillers to drill laterally for more than a mile, for the first time ever: Oklahoma oil fields gain recognition.   The article touts as facts two assertions that we question.   The first […]

Another Battle is Indeed Looming

  OIPA calls for Campaign for 2% rate As posted below, the OIPA has a new call to their membership to fund a campaign to make sure they keep the “special 2% “ rate on new wells. They say they want to raise money to put a new face on the industry! They’ve put a […]

Hydraulic Fracturing

HYDRAULIC FRACTURING Small producer wins verdict against Devon in ‘frack hit’ case An Oklahoma jury has awarded $220,000 to a company that says hydraulic fracturing of a horizontal oil well damaged its conventional oil well. Advocates for vertical well owners called the verdict against Devon Energy Corp. a significant victory in the bitter fight between […]

Sharing Our Thoughts

OEPA: This is a message from one of the 3000+ small Oklahoma oil and gas producers that we are trying to protect. He asked to remain anonymous because he doesn’t want to offend the handful of companies doing this work that will even consider negotiations to pay for the damage they have done. Most say […]

Commentary – Being a good neighbor in STACK, SCOOP

Commentary regarding article in Journal Record – Being a good neighbor in STACK, SCOOP Article in reference: http://ow.ly/2vci30e1uWn If the big oil associations really want to be good neighbors they should stop the destruction of the hundreds of vertical wells with their horizontal frack jobs around those communities. While they are at it they should join […]

Public support requires industry transparency and accountability

Whatever differences exist between different interest in the oil and gas industry, the one common goal that we should all have is to be well regarded by the American public. Two of our board members Mike Cantrell and Pete Brown, who were the agency’s first and second Chairmen, are widely regarded as the co-founders of […]

Viewpoint

Guest blog by Dewey Bartlett Jr. and Mike Cantrell             Over the past few months, many of us representing the conventional oil and natural gas industry have been reflecting upon our experience at the Oklahoma legislature. Even though our position did not win the day, we are all very proud […]