November 16, 2021 archive

Completion reports for November 16, 2021

completions: none were processed today

Permits to drill for November 16, 2021

permits: none were processed today

US crude oil slips–Brent rises

  Tuesday’s trading of crude oil brought a reversal of prices for US and Brent crude. US prices slipped and Brent rose–just the opposite of what happened on Monday. West Texas Intermediate crude for December delivery dropped 12 cents to $80.76 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude …

Continue reading »

Sen. Lankford still critical of Biden’s energy plans

    Oklahoma U.S. Sen. James Lankford used a Senate Energy Committee hearing Tuesday to criticize the Biden administration’s move to get rid of traditional energy in the U.S. His questions were directed primarily at Stephen Nalley, Acting Administrator for the U.S. Energy Information Administration as well as Tim Gould, Chief Energy Economist at the …

Continue reading »

Wednesday energy news headlines

** The company behind last month’s southern California oil spill is facing a U.S. Justice Department probe, seven other investigations, and at least 14 lawsuits; financial filings suggest it may not be able to cover cleanup costs. ** Rivian shares continued to soar Monday, putting the stock more than 85% above its IPO price. It hasn’t even been …

Continue reading »

AARP opposes regulatory recommendations for utility rate hikes

    The AARP in Oklahoma is objecting to recent recommendations by regulatory judges in support of a $172 million rate hike for Public Service Company of Oklahoma and a move by OG&E to pass along $739 million in winter fuel costs to consumers. The organization says both actions, if eventually approved by Oklahoma Corporation …

Continue reading »

EV maker Canoo expands operations in Oklahoma and Arkansas

  Electric vehicle manufacturer Canoo, the company that plans to locate a manufacturing plant in Pryor, Oklahoma made a series of announcements this week for expanded services in the region and in northwest Arkansas. It’s also moving headquarters from North Texas to Wal-mart’s backyard. The firm said it will expand its Oklahoma partnership to include …

Continue reading »

Mammoth Energy continues with payment demand to FEMA

  Mammoth Energy Services made another case this week for the U.S. government and Puerto Rico to pay the firm more than $328 million still owed for electrical restoration work following the 2017 Hurricane Maria. The Oklahoma City company released quotes from a former FEMA official whose statements about FEMA funding supported payments that should …

Continue reading »

EIA predicts solar electricity generation to be 20% by 2050

Source: U.S. Energy Information Administration, Monthly Energy Review, Electric Power Annual, Short-Term Energy Outlook, and Annual Energy Outlook   The federal government says while only 3% of electricity in 2020 was generated by solar power, it predicts the amount will be up to 20% by 2050. The U.S. Energy Information Administration released its Electric Power Annual report  solar power accounted for 3% …

Continue reading »

Ending the supply chain crisis–OK Rep. Lucas

  Oklahoma Congressman Frank Lucas says it’s time to do something about the nation’s supply chain crisis. He joined recently in the introduction of the Truckers Responding at National Shipping Ports Overcoming Retail Turmoil Act. Congressman Tracey Mann of Kansas sponsored the TRANSPORT Act which would require the Secretary of Transportation to relieve congested ports …

Continue reading »