October 2020 archive

Evergy prepares to make a case for special fee against solar customers

  Evergy, the major utility in Kansas is again attempting to target solar customers with a special electricity fee. It is asking the Kansas Corporation Commission for permission to create the fee, a move that came half a year after the Kansas Supreme Court threw out an earlier fee that applied only to customers with …

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EPA sued by environmental groups for “failure” of industrial flare rules

  Ten environmental organizations have gone to court with a lawsuit accusing the Environmental Protection Agency of failing to reduce toxic air pollution from industrial flares at petrochemical plants, gas processing facilities and other large industrial sites. The lawsuits, filed in the United States District Court for the District of Columbia, contend the EPA has …

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Four STACK wells produce 2,700 barrels of oil a day for Ovintiv Inc.

  While third quarter earnings reports by some Oklahoma energy companies reflect little to no drilling activity in the state, completion reports filed with the state show a recent flurry of completed wells by Houston-based Ovintiv Mid-Continent Inc. Four of its wells had combined production of nearly 2,700 barrels of oil a day. The company …

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Completion reports for October 29, 2020

Completion reports filed on October 29, 2020. KINGFISHER COUNTY Ovintiv Mid-continent Inc. Mississippian(8112): Oil 320 Gas 548 Water 1185 Flow 7 16N 8W Yost 1608 2h-18x, April 02, 2020 HH, OIL, TD: 19552 ft Lat: 35.87089, Long: -98.09378 API: 35073265170002 Ovintiv Mid-continent Inc. Mississippian(8522): Oil 644 Gas 942 Water 2394 Flow 19 16N 8W Yost 1608 6h-18x, April 03, 2020 HH, OIL, TD: 19579 ft Lat: …

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Permits to drill for October 29, 2020

Permits to drill issued on October 29, 2020. Caddo County MERCER FOR MAYOR #1-32, October 29 2020 32 6N 9W NWNWNESW API: 01522500 Lat: 34.9486133137335, Long: -98.17570112843606 TERRITORY RESOURCES LLC DH, RC, 15788 ft, CULP(9900), MELTON(10500) Garvin County BUTTERLY UNIT #35, October 29 2020 14 1N 1E N2SESWSE API: 04922700 Lat: 34.55181668340173, Long: -97.16529113017776 ST OIL COMPANY …

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While oil futures plunged, energy stocks rose

  While oil futures hit a nearly 5-month low in Thursday’s trading, some of the energy stocks based in Oklahoma and those with activities in the state saw improvements. Alliance Resource Partners, L.P. gained 6 cents for a 1.87% increase to $3.27 per share. Blueknight Energy Partners finished up 2 cents for a 1.48% gain …

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Oil prices hit their lowest mark in nearly 5 months

  Oil futures took a nose dive in Thursday’s trading, reaching their lowest level since June. Analysts blamed rising COVID-19 cases that resulted in tighter restrictions on Europe and also highlighted the worries about the outlook in the U.S. and the rest of the world. West Texas Intermediate crude for December delivery fell $1.22, or 3.3%, …

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Energy news in brief

** Iraq, the United Arab Emirates (UAE), and Kuwait – the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day (bpd), because such cuts are too deep for their economies and budget incomes to sustain. This news came from Reuters on Thursday, …

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$0.5 billion 3Q loss reported by ConocoPhillips

  The impact of the COVID-19 pandemic and resulting devastation to the world’s oil and gas industry led to a third-quarter 2020 loss of $0.5 billion or 42 cents a share by ConocoPhillips, the company announced Thursday. The massive loss compared to third-quarter 2019 earnings of $3.1 billion or $2.74 per share. The company stated …

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Wind to lead electrical production this year for Southwest Power Pool

  Leadership at the Southwest Power Pool, of which Oklahoma is a part, expect wind to be their top fuel source for electricity generation this year. Arkansas Business reported the expectation came out of the Pool’s quarterly meeting held recently in Little Rock, Arkansas where the Pool is headquartered. Wind and other renewable sources of …

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