February 23, 2021 archive

Permits to drill for February 23, 2021

Stephens County THE DUKE 0104 #23-14-1MXH, February 23 2021 22 1S 4W SWNESESE API: 13727619 Lat: 34.45071969737483, Long: -97.59909488291382 CAMINO NATURAL RESOURCES LLC MU, DR, 19125 ft, CANEY(8474), SYCAMORE(8632), WOODFORD(8922)

Completion reports for February 23, 2021

completions: none were processed today

Crude oil maintains $62 level

Crude oil prices increased for a second consecutive day in Tuesday’s trading pushing closer to the $62 level in the U.S. West Texas Intermediate crude for April delivery went up 18 cents to $61.67 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude oil for April delivery increased 13 cents …

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Aviation firm to locate drone research facility in Stillwater

  A Texas-based aviation company, Berry Aviation Inc., has announced plans for a new Autonomous and Unmanned Aviation Division in Stillwater. The new facility, to support unmanned aerial systems research for the U.S. Department of Defense, is expected to impact not only Stillwater but Oklahoma as a whole. “The UAS group opens up numerous academic …

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Haaland deflects pointed questions about her opposition to fossil fuels

    While New Mexico Democratic congresswoman Deb Haaland told Senators  during her confirmation hearing on Tuesday that she would respect the importance of fossil fuel production as Interior secretary, she avoided pointed questions about her public opposition to fracking and oil and gas and fossil fuels. Haaland went before members of the Senate Energy …

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Power plants still a key part of business for Alliance Resources

  Despite the climate change campaign urged by the Biden administration, a new SEC filing shows the coal industry including Tulsa’s Alliance Resource Partners is still busy providing coal to electric-power producers. The required annual 10-K report filed with the Securities Exchange Commission showed that Alliance Resource, the second-largest coal producer in the U.S., sold …

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Kansas lawmakers reconsider a statewide energy plan following historic cold weather

  A move by Kansas legislators to reconsider whether the state needs a statewide energy strategy is one that will have a direct impact on at least one Oklahoma energy company. It’s a direct reaction to the historic and extreme cold weather that hit Kansas, Oklahoma and Texas. ONE Gas serves 2 million customers in …

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Increased earnings for midstream operator Holly Energy Partners

  Pipeline operator Holly Energy Partners, L.P. reported increased net income in the fourth quarter of 2020, reaching $51.3 million and 49 cents per basic and diluted limited partner unit. The income compared to the $45.7 million and 43 cents a unit for the fourth quarter of 2019. The Texas-based firm whose subsidiary is HollyFrontier …

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Energy news in brief

** New Mexico officials promote an oil and gas company’s 8 MW solar array in the Permian Basin as the type of carbon-reducing initiative companies could pursue under a statewide “clean-fuel standard.”  ** German automaker Porsche is working on a synthetic fuel technology that the company says has the potential to make combustion engines just as clean …

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Increased earnings reported by ONEOK Inc.

  ONEOK Inc. reported improved earnings in the fourth quarter 2020 and for the year. The company saw an 11% increase in operating income to nearly $539 million while it had 12% growth in adjusted EBITDA of $742 million. ONEOK reported full-year 2020 net income of $612.8 million, which includes noncash impairment charges of $644.9 million. The …

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