Saturday , May 18 2024

Energy News

Permits to drill for March 6, 2023

Carter County BRAKERS #168, March 06 2023 04 2S 2W NENWSWSW API: 01926548 Lat: 34.40816704496733, Long: -97.4208935132114 KODIAK OIL & GAS INC SH, DR, 1900 ft, HOXBAR(1300), DEESE(1600) Grady County CKSMOU #8-7-10 INJ, March 06 2023 08 3N 5W SESENWNE API: 05125017 Lat: 34.75133118782553, Long: -97.7442255590976 MACK ENERGY CO DH, DR, 11107 …

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Completion reports for March 6, 2023

ELLIS COUNTY Mewbourne Oil Company Cherokee(9500): Oil 675 Gas 1248 Water 1528 Flow 5 19N 25W Terryn 8/17 Cn 1h, October 03, 2022 HH, OIL, TD: 20055 ft Lat: 36.14501, Long: -99.89379 API: 35045238710000 Mewbourne Oil Company Cherokee(9700): Oil 678 Gas 1367 Water 1847 Flow 5 18N 24W Thelma 8/17 Cn 2h, September 24, 2022 HH, OIL, TD: 20255 ft Lat: …

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Crude gained while OK energy stocks dropped on Monday

  Crude oil prices managed slight gains on Monday but Oklahoma energy stocks suffered with 4% and 5% losses. Prices bounced back from early losses and oil executives express hopes for rising Chinese demand. West Texas Intermediate crude rose 78 cents or 1% and closed at $80.46 a barrel on …

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More U.S. power capacity to come from wind and solar

  All of those wind farms in Oklahoma helped increase the amount of planned new electric-generating capacity from wind, solar and battery storage in the U.S. this year. The U.S. Energy Information Administration reports the three technologies account of 825 of the new, utility-scale generating capacity that developers plan to …

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Bone dry conditions exist in Oklahoma Panhandle

  Rainfall is in this week’s forecast for some parts of Oklahoma, but not for the Panhandle, where conditions are more apt to be described as “bone dry.” As Gary McManus, State Climatologist, wrote in Monday’s Mesonet alert, it has been 152 days since the Mesonet’s site at Eva in …

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NGL sells marine assets on Gulf Coast

  NGL Energy Partners LP in Tulsa announced the $112 million sale of its marine fleet that consisted of 13 towboats and 25 tank barges on the Gulf Coast. NGL used the fleet to provide waterborne transportation of refined products and crude oil for a diversified group of customers which …

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Oklahoma loses another potential big job producer

  While Gov. Kevin Stitt and legislative leaders promoted another “mystery” job-producing-prospect that required a quickly approved $698 million incentive package the governor signed into law on Thursday, guess what?  Oklahoma apparently did not land the plant that was reported to involve Volkswagen. Once again, the state was in the …

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Bill to put more restrictions on oil and gas wins early approval in New Mexico legislature

  A bill the oil and gas industry says would increase their costs and at the same time harm the revenue the industry provides to New Mexico, won an early approval in a legislative committee. Supporters claim the bill would reform the state’s oil and gas regulations. It would also …

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Electricity deregulation bill dies without a vote in Oklahoma legislature

  Those opposed to proposed electricity deregulation in Oklahoma celebrated the death of a bill in the Oklahoma legislature. “Oklahoma lawmakers recognized that HB 1602, the electric deregulation bill that died in committee Thursday, would dismantle our state’s cost and reliability protections for Oklahoma electricity consumers, who largely oppose restructuring,” …

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Another round in fight against ESG investment begins in Texas

  First Texas enacted a law targeting investment firms that discriminated against oil and gas operations, then Oklahoma followed suit with its Energy Discrimination Elimination Act. Similar efforts followed in West Virginia and Idaho. Now another effort is underway in Texas, this time involved a proposed law to fight against …

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