The decision by OPEC+ to remain with its current crude oil production policy prompted crude oil prices to jump in Monday’s trading as overseas prices hit $81 a barrel while in the US prices reached their highest mark since 2014. As a result, Oklahoma energy stocks had a strong Monday with at least one …
October 2021 archive
Other energy stories in brief
** As crews rush to contain a 126,000-gallon oil spill from an offshore pipeline off the Southern California coast, questions arise over officials’ slow response to initial reports of the spill. ** The city of Port Arthur, Texas just added its 11th electric bus to its fleet. ** Federal regulators propose a $150,000 fine against Entergy for three violations …
New oil drilling in the STACK
More oil and gas exploration is coming in Oklahoma’s STACK play as shown by some recent drilling permits approved by state regulators. Continental Resources plans three more Blaine County wells including two on a single pad and a third nearby. The TRES C FIU #2-35-2XHM and the TRES C FEDERAL #3-35-2XHM wells will be located at 35 15N 13W, …
Iowa community could lose 900 workers in wind industry
While Iowa is now the second wind-energy state in the nation, it doesn’t guarantee jobs in the industry as one city in the state has learned. Leaders in Newton, Iowa, once home to thousands of jobs for Maytag learned in the past several days that 900 jobs might be lost in two wind energy …
It’s now Cotera Energy
Cimarex Energy Co., the firm with a heavy commitment to oil and gas exploration in Oklahoma’s Mid-Continent play has officially joined operations with Cabot Oil & Gas Corp., forming a new company with a new name—Cotera Energy. The more than $17 billion deal was an all-stock merger. The new operation will cover more than …
Dallas radio show host accused in oil scheme
The Securities and Exchange Commission is targeting a Dallas licensed petroleum engineer for using his KRLD radio show to attract investors into a fraudulent oil and gas investment opportunity. The SEC filed a complaint against Mark Plummer who aired the “Smart Oil and Gas” show on the radio station and asked callers to phone for …
Mammoth Energy still not paid for Puerto Rican recovery
Four years after the category 5 Hurricane Maria hit Puerto Rico leaving it without electrical power, Oklahoma City’s Mammoth Energy Services remains to be paid hundreds of millions of dollars for the power restoration work it performed in the aftermath. The country refuses to pay. In a recent filing with the Securities and Exchange …
Federal probe to reveal if price gouging happened in February winter storm
A U.S. Senator from Kansas says he’s been told by federal energy regulators that results of an investigation into price gouging during the February winter storm Uri will be coming soon. It’s what Sen. Roger Marshall, R-Kansas said in a recent interview reported the Topeka Capital Journal. The Federal Energy Regulatory Commission launched an …
Oklahoma remains strong for wind power
A new report shows Oklahoma continues to be a strong state for wind power, ranking third nationally behind Texas and Iowa for installed generation capacity in 2020 and third nationally for the percentage of electrical power generated by wind. The Department of Energy’s Land-Based Wind Market report showed a record 16,836 megawatts of U.S. wind …
Former Interior Secretary wants protective zone around Chaco ruins
A call is being made to put a 10-mile no energy-leasing zone around the Chaco Culture National Historical Park in northwestern New Mexico. The call comes from Bruce Babbitt, the former Secretary of the Interior Department. In an opinion piece in Writers on the Range, Babbitt said “a surge of oil and gas development threatens …