PEMA Professional Energy Marketers Association
Normal operations resumed over the weekend on the Keystone oil pipeline network that runs through Oklahoma following early July vandalism at an electric substation in South Dakota. TC Energy reported it resumed normal operations July 23 following the nearly week-long reduction in capacity according to S&P Global. The line …
Read More »Amazon introduces EV delivery vans to first of cities
None in any of Amazon’s Oklahoma markets, but Amazon plans to roll out thousands of custom electric delivery vehicles to more than 100 cities by the end of the year including Kansas City and Dallas. The company said it eventually plans to expand EV’s made by Rivian to 100,000 …
Read More »Permits to drill for July 22, 2022
Canadian County CLYDE HANSEN 11_2-14N-9W #3MHX, July 22 2022 11 14N 9W SWSESWSW API: 01725832 Lat: 35.69718383832452, Long: -98.13343114170904 PALOMA OPERATING CO INC MU, DR, 24000 ft, MISSISSIPPI SOLID(9150) Canadian County CLYDE HANSEN 11_2-14N-9W #2MHX, July 22 2022 11 14N 9W SWSESWSW API: 01725831 Lat: 35.697183836675755, Long: -98.13336378776016 PALOMA OPERATING CO INC …
Read More »Completion reports for July 22, 2022
GRADY COUNTY Citizen Energy Iii Llc Woodford(8941): Oil 617 Gas 790 Water 1009 Gas Lift 26 10N 5W Todd 4h-26-23, May 29, 2022 HH, OIL, TD: 16880 ft Lat: 35.31343, Long: -97.70329 API: 35051248210000
Read More »Crude oil and OK energy stocks lost ground on Friday
Friday saw crude oil prices fall again, slipping to the mid-90s in the U.S. The tumble was largely blamed on the move by the European Union to allow Russian state-owned companies to ship oil to third countries. West Texas Intermediate crude for September delivery dropped $1.65 and settled …
Read More »Power grid monitoring electricity use in expected high temperatures
A weekend letup in the extreme heat in Oklahoma and the remaining 13 states under the Southwest Power Pool grid resulted in a return to normal power operations. But the SPP said in a statement that the coming week it anticipates higher loads and concerns regarding the availability of …
Read More »Growing cryptomining industry could drain the Texas power grid
Already under intense scrutiny over the 2021 winter storm power failures, the power grid in Texas faces another looming challenge—how to handle the growing number of cryptomining companies flocking to the state. It’s estimated that in the coming years, those power-consuming firms will take nearly a fourth of the …
Read More »Unit Corporation recovers from losses
Company leaders at Tulsa-based Unit Corporation sounded optimistic Friday after releasing the firm’s second quarter earnings report showing $80 million net income compared to a $13 million loss a year earlier. The figures are estimates because Unit stated it had not completed the reporting process for the quarter. It …
Read More »Permits to drill for July 21, 2022
Beaver County BASS D #4-14, July 21 2022 14 3N 24EC CSENWNW API: 00725219 MONTEREY PRODUCTION COMPANY LLC SH, RC, 8250 ft, MORROW SAND(7195) Carter County HOWARD SWD #1-33, July 21 2022 33 3S 1W NWNWNENW API: 01926425 Lat: 34.25946894462814, Long: -97.31229674478833 LAGOON WATER LOGISTICS LLC SH, AM, 7050 ft, HOXBAR(2500), DEESE(6100) …
Read More »Completion reports for July 21, 2022
BLAINE COUNTY Derby Exploration Llc Mississippian: Oil 149 Gas 2476 Water 238 Flow 7 18N 13W Gambill 7-1h, August 09, 2019 HH, GAS, TD: 14712 ft Lat: 36.04446, Long: -98.63320 API: 35011242010000 CANADIAN COUNTY Citizen Energy Iii Llc Mississippian(9055): Oil 644 Gas 3875 Water 509 Flow 7 10N 5W Darrow Trust 3h-7-18, April 30, 2022 HH, OIL, TD: 16742 ft Lat: …
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