Author's posts
Crude prices slipped with anticipated summer driving season end about here
As investors prepared for weaker crude oil demand from China and the U.S., crude prices took a 1% drop on Monday, leaving Oklahoma energy prices in a mix. Demand in the U.S. is expected to fall because the end of the summer driving season is only a few weeks away. The drop came after …
OKC’s EMBARK expands free ride program for teens
Oklahoma City’s transportation service, EMBARK, announced it is offering free public transportation for students who are 18 and under. It is part of the Haul Pass program‘s expansion, which will help Oklahoma City youth travel around the city reported KOKH News. Click here for KOKH
ONEOK records 2Q earnings increase ahead of merger with Magellan Midstream
As ONEOK prepares for a merger with Magellan Midstream Partners, it reported its second quarter saw a 13% increase in net income as it reacherd $468 million or $1.04 per diluted share Because of the increased income, the Tulsa-based company increased its full-year 2023 financial guidance. It also recorded a 10% increase in …
Quick energy reads
** Occidental Petroleum Corp. President-CEO Vicki Hollub says the Permian Basin is the core of the highest quality, most complementary assets her company has ever had. ** A top climate adviser to US President Joe Biden signaled the administration could phase in some requirements for a valuable new hydrogen tax credit in a bid to nurture a nascent industry …
Tumbling gas prices result in big slump for Coterra Energy
U.S. oil and gas producer Coterra Energy reported a massive fall in quarterly profit on Monday as gas prices scaled back from last year’s peaks. Natural gas prices averaged 63% lower during the reported quarter compared to last year when they had soared following supply concerns propelled by Russia’s invasion of Ukraine. U.S. oil …
Biden’s EPA sued by Iowa and Nebraska over ethanol
The Environmental Protection Agency is being sued by Iowa and Nebraska for refusing to issue final rules allowing the year-round sale of gasoline blended with 15% ethanol. Iowa Attorney General Brenna Bird filed suit n Iowa federal court, seeking to have the EPA issue regulations allowing E-15 gasoline to be sold during the summer. “The …
Biden administration intends to put nuclear weapons development land to different use
The Biden administration plans to set aside nearly 70,000 acres used to develop nuclear weapons and use it for renewable enrgy development in New Mexico. The land is around the Waste Isolation Pilot Plant some 30 miles east of Carlsbad but other nuclear weapons sites are included in the plan reported the Carlsbad Current-Argus. …
OKC energy firm reports 3,000 barrels a day from 3 McClain County wells
A well site a few miles east of Blanchard, where 3 wells were drilled on a single pad, ended up with more than 3,000 barrels a day of oil production for an Oklahoma City energy firm. The McClain County wells were drilled by Native Exploration Operating LLC of Oklahoma and completed in March of …
Completion reports for August 3, 2023
KINGFISHER COUNTY Bce-mach Iii Llc Oswego(6495): Oil 948 Gas 1447 Water 1279 Esp 34 17N 6W Benda 3-16-6 5ho, March 14, 2023 HH, OIL, TD: 10812 ft Lat: 35.89854, Long: -97.82828 API: 35073269720000 MCCLAIN COUNTY Native Exploration Operating Llc Woodford(9433): Oil 895 Gas 642 Water 1436 Gas Lift 26 8N 4W Carne Muerto 0804 26-23-3wxh, March 13, 2023 HH, OIL, TD: 19752 ft Lat: 35.13376, Long: …
Permits to drill for August 3, 2023
Canadian County RHINO 8_5-14N-9W #4HX, May 19 2023 17 14N 9W SENWNWNE API: 01725961 Lat: 35.695175074864686, Long: -98.17943146898595 DEVON ENERGY PRODUCTION COMPANY MU, AM, 21664 ft, MISSISSIPPIAN (LESS CHESTER)(10326) Canadian County RHINO 8_5-14N-9W #3HX, May 19 2023 17 14N 9W SWNWNWNE API: 01725960 Lat: 35.69517506834431, Long: -98.1795324973754 DEVON ENERGY PRODUCTION COMPANY MU, AM, 21734 ft, MISSISSIPPIAN (LESS …