A strong pace. It’s how the Federal Reserve Bank of Kansas City describes manufacturing activity in the Tenth District which includes Oklahoma. Chad Wilkerson, vice president and economist at the bank said the August Manufacturing Survey shows strong activity and expectations for future activity remained solid. “Regional factory activity growth remained positive in August,” …
August 2021 archive
Energy news took a sidetrack on Thursday
It’s kind of hard to get worked up about oil prices, rig activities and wind farms on a day when 11 U.S. Marines and a Navy medic were killed along with an estimated 60 Afghans in Afghanistan in suicide bombings. They were there to help evacuate thousands from Kabul who didn’t want to live …
Nebraska power district can’t pull plug on wind farm agreements
A two year old fight over the efforts of the Nebraska Public Power District to cancel power purchase agreements with four wind farms in the state led to a federal appeals court ruling against the District this week. The 8th Circuit Court of Appeals upheld a federal judge’s order that originally blocked the Power …
Wind farm fraud trial underway in Arkansas
A string of unpaid bills and broken promises. It was the testimony in the federal fraud trial of two men accused of deceiving investors in a wind farm they promised to build in northwest Arkansas. Their trial began this week in Fayetteville according to the Northwest Arkansas Democrat-Gazette. Click here for Democrat-Gazette.
SE Oklahoma earthquake rumblings result in suspended well operations
Just when Oklahoma thought it might have its earthquake challenges under control, the state has had to suspend operation of another disposal well thought to be connected to recent quakes. This time, the shaking is in southeast Oklahoma near the small town of Quinton in Pittsburg County. Historically, wells in northern Oklahoma were targeted …
Rig activity shoots up in Permian Basin but falls in Anadarko Basin
The number of rigs running in the U.S. rose by 13 in the last week to 587 as of Aug. 25, according to Enverus Rig Analytics. The count is up 3% on the month and up 115% since this time last year. The largest week-over-week changes occurred in the Permian Basin (plus nine to …
LSB Industries set to hold special shareholders meeting
A special stockholders meeting is planned for September by Oklahoma City-based LSB Industries, Inc. in which they’re asked to approve an exchange agreement with LSB Funding LLC, an affiliate of Eldridge Industries, LLC. LSB’s Board of Directors is recommending approval of the proposed exchange of shares held by Eldridge for shares of LSB common …
Energy news in brief
** Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms in the Gulf of Mexico following a weekend fire. ** Yara International now expects to sail the first autonomous, fully electric cargo ship in Norway by the end of 2021. The Yara Birkeland …
IPO filed by ConocoPhillips affiliate
The ConocoPhillips affiliate Solaris Midstream Holdings is reported to have made an initial public offering. Reuters reported the IPO, explaining that ConocoPhillips has a 30% holding in Solaris. The company supplies water for oil and gas fracking operations and has operations in Texas and New Mexico. The IPO is expected to attract possible investors …
Completion reports for August 24, 2021
CARTER COUNTY Kodiak Oil & Gas Inc 35 3S 2W Awu 27, June 20, 2021 SH, INJ, TD: 1100 ft Lat: 34.25308, Long: -97.38675 API: 35019263890000 ELLIS COUNTY Mewbourne Oil Company Cherokee Sand / Cherokee: Oil 404 Gas 520 Water 706 Flow 3 19N 25W Verna 10/15 Dm #1h, March 22, 2021 HH, OIL, TD: 19800 ft Lat: 36.14475, Long: -99.85992 API: 35045238360000 …
