** Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates reported Bloomberg. ** Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, …
January 2021 archive
Federal agency says 20-year old pipeline damage led to deadly blast in Dallas
A federal agency says a 2018 natural gas explosion that leveled a northwest Dallas House and killed a 12-year old girl was the result of a damaged pipeline nearly 20 years earlier. The National Transportation Safety Board also put some of the blame on Atmos Energy and its procedures and decisions in providing natural …
Small voter turnout okays new ONG contract in Shawnee
It didn’t take long to count Tuesday’s vote by residents of Shawnee, Oklahoma as they approved the renewal of a 25-year franchise agreement with Oklahoma Natural Gas. Only 186 people bothered to vote and 156 or 83.78% supported the renewal while 30 voters or 16.13% were against it. Typically, the utility renewal contracts that …
Pioneer finishes takeover of Parsley Energy
The $4.5 billion acquisition of Parsley Energy by Pioneer Natural Resources was completed this week resulting in a much larger operator in the Permian Basin of West Texas. Pioneer based in Dallas announced Tuesday the acquisition was finalized after the approval by stockholders of both companies. At a special meeting of Pioneer stockholders, more …
Burying beetle issue is still on the burner
Remember the American Burying Beetle? At one time the government classified it as endangered when only a small population of the large scavenging beetle had been found in eastern Oklahoma and an island off the coast of Rhode Island. Now the Arizona-based Center for Biological Diversity says it will file suit over the …
Enbridge won’t shut down pipeline as Michigan demands
The stage is set for a growing fight between Enbridge and the state of Michigan as the Canadian company on Tuesday announced it would defy Gov. Gretchen Whitmer’s demand to close Line 5 in the Straits of Mackinac. The company says Whitmer’s demand is not only based on political posturing but bad information. Whitmer gave …
Completion reports for January 12, 2021
Completion reports issued on January 12, 2021. CARTER COUNTY Citation Oil & Gas Corporation 7 1S 3W Franklin Unit(Drake-crews#1) 1a-1, August 31, 2020 SH, TA, TD: 4944 ft Lat: 34.47861, Long: -97.56131 API: 35019027690000 Citation Oil & Gas Corporation 7 1S 3W Franklin Unit(Drake-crews#1) 1a-1, August 31, 2020 SH, TA, TD: 4944 ft Lat: 34.47861, Long: -97.56131 API: 35019027690003 …
Permits to drill for January 12, 2021
Permits to drill issued on January 12, 2021. Carter County WILL’S #1, January 12 2021 04 5S 1E N2S2NESW API: 01925073 Lat: 34.14879660322229, Long: -97.20628035075586 GLB EXPLORATION INC DH, RC, 5793 ft, TUSSY(4700), VIOLA(5100), SIMPSON GROUP(5130) Lincoln County AUGUSTA #1-4H, December 31 2020 08 14N 5E SENENENE API: 08124318 Lat: 35.708896384493165, Long: -96.78764900126575 PRAIRIE GAS COMPANY OF …
Oklahoma energy stocks saw improved trading on Tuesday
Crude oil prices on Tuesday finished down in the U.S. and up in Europe. West Texas Intermediate crude fell 13 cents or 0.24% to finish the day at $53.34 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for March delivery finished up 92 cents at $56.58 a barrel …
Gas well prorationing to be considered again by Oklahoma regulators
The sometimes controversial issue of Oklahoma’s proration formula affecting some of the state’s most prolific gas wells is coming back before Oklahoma Corporation Commissioners. No vote is anticipated this week but the Commission announced it will hold a special virtual meeting on Friday at 10 am. to conduct a technical conference and discussion of …