December 1, 2021 archive

Regulators approve rate hike for ONG customers

  The Oklahoma Corporation Commission has approved a settlement agreement which will result in an estimated rate increase of 34 cents in the monthly bill of an average residential Oklahoma Natural Gas (ONG) customer. Residential ONG customers who use for than 5,000 dekatherms will see a monthly increase of 50 cents per month according to …

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Oil prices drop again–OK energy stocks hit hard

    An early rally failed Wednesday as crude oil prices sunk again, largely on growing worries about the Omicron variant and how it could cut demand as global supply grows. As a result, Oklahoma energy stocks took a pounding. The decline occurred after U.S. government officials confirmed the variant had been discovered in California …

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OGE Energy Corp. board of directors declares dividend

    OGE Energy Corp. announced that its Board of Directors has approved a first quarter dividend of $0.41 per common share of stock, to be paid January 28, 2022, to shareholders of record on January 10, 2022. OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 876,000 customers in Oklahoma and western Arkansas.  In addition, OGE Energy …

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Chesapeake Energy Corporation launches new ESG site

  Chesapeake Energy Corporation  took another step toward improvement of hits environmental, social and governance efforts. The Oklahoma City company announced the launch of its environmental, social and governance (ESG) microsite — a site dedicated to the company’s ESG reporting and progress toward its climate-related targets. In addition to providing performance data and program updates, …

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Completion reports for November 30, 2021

completions: none were processed today

Permits to drill for November 30, 2021

Creek County S. JONES #10, January 04 2021 31 18N 7E NWSESWNE API: 03729470 Lat: 35.99693551130499, Long: -96.6073183877886 UMBERHAM OIL COMPANY INC SH, AM, 3000 ft, LAYTON(1600), OSWEGO(2360), PRUE(2450), SKINNER(2550), PINK LIME(2669), RED FORK(2670), SIMPSON(2750) Stephens County DAUBE A #1, November 30 2021 33 1S 5W CNWSW API: 13724519 Lat: 34.42533339291618, Long: -97.735206826441 LEWIS OIL OPERATIONS LLC …

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Mammoth Energy announces fiber construction and installation contracts

  Mammoth Energy Services, Inc. announced that its fiber division, which was organically started only a few months ago, has been awarded two fiber-related contracts with two different electric cooperatives in the Midwest. Under one of the contracts, the company will provide make-ready construction services in preparation for fiber installation. Under the second contract, the …

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Glass Sands wind farm goes online in southern Oklahoma

  Another Oklahoma wind farm has gone online in the southern part of the state. Southern Power announced this week its 118-megawatt Glass Sands Wind Facility in Murray County is now operational. This project, Southern Power’s 15th wind facility, is Southern Power’s fifth wind facility in Oklahoma, and it contributes to the company’s growing fleet …

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Build Back Better could send billions to oil and gas firms

  A key tax credit in President Biden’s climate and social policy bill to be handled in the U.S. Senate not only removes a tax credit for removing carbon dioxide from smokestacks but could also send tens of billions of dollars to fossil fuel companies over the next two decades. Of course, environmentalists don’t like …

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Republicans Introduce Strategic Petroleum Reserve Legislation

  Oklahoma U.S. Sen James Lankford was among Republicans on the Senate Committee on Energy and Natural Resources to introduce legislation aimed at prioritizing American energy production. They call it S.3287 or the Strategic Production Response Act which would prohibit the secretary of Energy from tapping the Strategic Petroleum Reserve for reasons other than a …

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