December 17, 2021 archive

Permits to drill for December 17, 2021

Canadian County DARROW TRUST #2H-7-6, December 17 2021 07 10N 5W NENENESW API: 01725601 Lat: 35.35463308615511, Long: -97.76975953635761 CITIZEN ENERGY III LLC MU, DR, 17404 ft, WOODFORD(9400) Canadian County DARROW TRUST #4H-7-18, December 17 2021 07 10N 5W NENENESW API: 01725616 Lat: 35.35463309924444, Long: -97.76996074133301 CITIZEN ENERGY III LLC MU, DR, 16666 ft, WOODFORD(9400) Grady County SCR …

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Completion reports for December 17, 2021

completions: none were processed today

Another week of crude oil price declines

  As the omicron variant spreads around the world, crude oil prices recorded a weekly loss in Friday’s trading. So did Oklahoma energy stocks. West Texas Intermediate crude for January delivery dropped $2.25 or 3.11% to $70.13 in trading on the New York Mercantile Exchange. Global benchmark Brent crude for February delivery dropped 2.71% on …

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Increased oil and gas drilling in Oklahoma and US

  First Enverus Analytics reported a jump in rig activity and a day later on Friday, Baker Hughes did the same thing, showing an increase in drilling in Oklahoma and across the U.S. Oklahoma’s count jumped by 2 to reach 48 rigs while nationally, the numbers increased by 3 to 579 active rigs. The number …

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Federal Bank report studies growth of renewable energy in Oklahoma

  Despite the rebound of Oklahoma’s oil and gas industry in 2021 following the sharp drop in oil prices in early 2020 because of the COVID-19 pandemic, employment in the state has lagged. And one report says renewable energy will evolve. Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch of …

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Rep. Bice moves to push President on gas prices, energy development

  Oklahoma U.S. Rep. Stephanie Bice and Congressman Ted Budd of North Carolina have introduced a bill targeting President Biden’s executive orders limiting energy development on federal lands. Click here for McCarville Report.

Tesla production coming soon in Austin, Texas

  Tesla is expected to begin production at its Texas factory soon, as CEO Elon Musk says it will invest over $10 billion and eventually employ 20,000 workers there. Electrek reports that Musk plans to invest more than $10 billion in Gigafactory Texas and eventually hire 20,000 workers. Click here for Eletrek.

Other energy news headlines for Monday

** A new federal regulation requires higher safety standards for pipelines carrying oil and other hazardous liquids through the Great Lakes region, marine coastal waters and beaches, officials said. ** The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 88 billion cubic feet for the week ended Dec. 10. That …

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$600 million acquisition in Permian Basin by Earthstone Energy

  Another Permian Basin deal has been announced as Earthstone Energy Inc. is acquiring the assets of privately held Chisholm Energy Holdings LLC. Earthstone’s acquisition is a cash and stock transaction worth more than $600 million according to a report by Hart Energy. Click here for Hart Energy.

Regulators oppose abandoning Four Corners coal plant

  New Mexico regulators have denied the request of Public Service Company of New Mexico to abandon its Four Corners coal plant in December 2024. The state’s Public Regulation Commission voted against the utility selling its 13% share in the plant near Farmington to the Navajo Transitional Energy Co. according to the Albuquerque Journal. Click …

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