Entries by Naomi Lemon

A divided Corporation Commission keeps order allowing voluntary well closures to prevent crude oil waste

Jack Money | The Oklahoman A majority of elected members of the Oklahoma Corporation Commission decided Wednesday to continue allowing operators to voluntarily shut-in wells in cases where those operators believe crude oil is being wasted. Chairman Todd Hiett and Commissioner Dana Murphy voted to approve an interim order that extends findings of fact and […]

Oklahoma regulators approve voluntary well shut-ins

Kallanish Energy Oklahoma regulators on Wednesday gave oil producers the legal liability protection to voluntarily shut-in wells as prices for oil remain under $40 per barrel, Kallanish Energy has learned. The move was approved by a 2-1 vote of the Oklahoma Corporation Commission with little discussion, reported Oklahoma Energy Today, a media outlet. Commissioners Todd Hiett and […]

OCC OEPA Waste Case & Levinson Case

Richard Parrish | OEPA Regulatory Affairs  The Corporation Commissioners took up deliberation/discussion/consideration of the above-referenced cases today.  The Commissioners took up the LPD Energy (Levinson case) first.  After a very brief discussion, they approved the order, attached. The LPD Order is substantially the same as the previous interim order entered in that case. They next […]

SBA Releases Forgiveness Application

The SBA released its official application for PPP forgiveness. Click Here for the document. The application has four components with accompanying instructions: Loan Forgiveness Calculation Form PPP Schedule A Schedule A worksheet Borrower Demographic Information Form (optional) OEPA will keep you up to date as more information becomes available.

Regulatory Affairs committee Report May 13th

Richard Parrish | Regulatory Affairs CRUDE OIL STORAGE TANK EMERGENCY RULES – RM 202000004 Corporation Commission adopted emergency rules to address anticipated issue with crude oil storage tanks.  First proposal would have impacted lease tanks, off lease tank batteries, centralized tank batteries, tanks at salt water disposal well, oil reclaimers, commercial recycling facilities, etc.  Our […]

Oil waste decisions left to operators, for now

Jack Money | The Oklahoman Elected members of the Oklahoma Corporation Commission decided to leave in place an emergency order allowing operators to voluntarily shut-in wells in cases where they believe crude oil is being wasted. However, they opted to give oil and gas industry executives and attorneys more time to consider an amended request […]

Oklahoma regulators take no action after oil output hearing

Liz Hampton | Reuters Oklahoma’s energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices. The Oklahoma Corporation Commission, which regulates the state’s oil and gas industry, heard proposals seeking to declare some oil production in the state […]

Small Business Survival Guide to Combat COVID-19

With the ongoing Corona Virus running rampant, small business owners are being hit particularly hard. f you have been affected, here are the top 8 places to avail of financial remuneration to survive the onslaught. SBA Paycheck Protection Program SBA Economic Injury Disaster Loans SBA Express Bridge Loan SBA Debt Relief Online Business Loans for […]

Emergency order allows voluntary curtailment of oil production

James Coburn | Pauls Valley Daily Democrat The Oklahoma Corporation Commission approved an interim emergency order saying the commission finds certain production in Oklahoma for current conditions could be deemed economic waste, said Matt Skinner, public information manager. Tulsa-based LPD Energy had asked the commission to allow a voluntary curtailment of oil production, said Corporation […]