December 15, 2021 archive

Hamm Institute for American Energy at Oklahoma State University is $50 Million Reality

Oklahoma City-based Continental Resources, Inc. and the Harold Hamm Foundation and Continental Resources are jointly contributing $50 million to create the Hamm Institute for American Energy at Oklahoma State University, according to a press release issued on Wednesday. The Hamm Institute will be the primary and permanent occupant in the Oklahoma City Innovation District at …

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Completion reports for December 15, 2021

CANADIAN COUNTY Camino Natural Resources Llc Mississippian(10550): Oil 651 Gas 11303 Water 1569 Flow Mississippi: Oil 651 Gas 11303 Water 1569 Flow 16 12N 8W Broken Bow 1208 16-21-1mxh, August 18, 2021 HH, GAS, TD: 19609 ft Lat: 35.52180, Long: -98.05864 API: 35017256730000 ELLIS COUNTY Mewbourne Oil Company Cherokee(9887): Oil 420 Gas 830 Water 1375 Flow 22 18N 24W Gross 22/27 Bo 1h, August 13, 2021 HH, OIL, TD: 19970 …

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Permits to drill for December 15, 2021

Canadian County HUNTER 1206 #3LMH-18, December 15 2021 18 12N 6W SESESESW API: 01725742 Lat: 35.50862246840793, Long: -97.875914096374 CHAPARRAL ENERGY LLC HH, DR, 14500 ft, MISSISSIPPIAN(8886) Dewey County EVANS #18-7-1H, December 14 2021 18 18N 14W NWNENWNE API: 04323737 Lat: 36.04297320520418, Long: -98.73160673267809 COMANCHE EXPLORATION CO LLC HH, DR, 15479 ft, MISSISSIPPIAN(9349) Grady County SCR #5-31X6H, December …

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Federal Reserve action results in crude oil price gains

  A turnaround for crude oil futures on Wednesday came after action by the Federal Reserve in an attempt to solve the nation’s growing inflation rate. Oklahoma energy stocks also saw gains for the day. As U.S. benchmark stock indexes rose following the Reserve’s decision to speed up tapering of asset purchases and increase the …

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Corporation Commissioners face criticism for not protecting consumers from utility rate hikes

    A coalition representing consumers in Oklahoma contends the Oklahoma Corporation Commission has failed in protecting consumers after the historic February winter storm left utilities with out-of-sight gas bills. Writing in the Wednesday edition of The Oklahoman, representatives of VOICE made the point that regulators have been more concerned about getting funds to utilities …

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EV map and Build Back Better

  In unveiling a massive multi-billion electric vehicle charging map this week, the Biden Administration said it planned on a network of 500,000  EV chargers in the U.S. and that includes efforts in Oklahoma. The pro-union announcement by Vice President Harris stated that under the Infrastructure Investment and Jobs Act, Oklahoma would receive $66 million …

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Kansas county bans commercial wind farms

  A ban on commercial wind development in all zoned areas of Reno County, Kansas was adopted this week by county commissioners. The vote came as a countywide moratorium on commercial wind development remains in place for the next few months reported the Hutchinson News. Click here for Hutchinson News.

Acquisition of Kansas City Southern RR moves ahead

  Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad is moving ahead after nearly being derailed earlier in the year amidst a bidding war. The Associated Press reports Canadian Pacific set up a voting trust this week after shareholders of both railroads approved the acquisition last week. Click here for AP story.  

Other energy headlines for Thursday

** Energy Secretary Jennifer Granholm said on Tuesday that the Biden administration will not ban crude oil exports, despite a push from some Democrats to do so. Speaking before the National Petroleum Council – an advisory board made up of oil industry figures – Granholm said, “We are not considering reinstating the ban on exports.” ** Construction has started on a roughly …

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Another refinery acquired by HollyFrontier

HollyFrontier, the Texas company with oil refineries in Tulsa, Kansas, New Mexico and other states recently expanded its holdings with the $350 million cash acquisition of Equilon Enterprises LLC Puget Sound Refinery near Anacortes, Washington. Equilon does business as Shell Oil Products U.S., a subsidiary of Royal Dutch Shell plc.   The agreement covers the …

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