December 20, 2021 archive

Devon Energy’s project Santa delivers almost 1,700 gifts

   In 2020, Devon Energy employees launched Project Santa to brighten the holiday season for Eddy and Lea County families in southeast New Mexico. This year the program broke previous records in collecting Christmas gifts for families in need. The company’s employees delivered 1,698 presents to the United Way in Lea County and Angel Trees in Eddy and Wink counties, dramatically exceeding last year’s total of 1,200 gifts. “We …

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Omicron hits crude oil prices and Oklahoma energy stocks

  Crude oil prices in the U.S. dropped below $70 a barrel as the Omicron coronavirus variant spread in Europe and across the U.S., creating more concerns from investors that fuel demand could be hurt by new restrictions. The fallout was felt by Oklahoma energy stocks. West Texas Intermediate crude for January delivery fell $2.63  …

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Senators introduce bill to stop Biden’s attack on marginal wells

  Senators James Lankford (R-OK) and Roger Marshall, M.D, (R-KS) led a group of colleagues in introducing the Marginal Well Protection Act to prevent the Environmental Protection Agency (EPA) from levying excessive methane emission fees for wells that produce less than 15 barrels of oil and less than 90 Mcf (90,000 cubic feet) of natural gas per day. …

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Drilling to increase in Oklahoma

  More oil and gas drilling is planned in Oklahoma’s STACK and SCOOP plays as companies are beginning to line up with permits to drill approved by state regulators. In Canadian County, Citizen Energy III LLC has plans for the DARROW TRUST #2H-7-6 and DARROW TRUST #4H-7-18 wells to be drilled on the same pad at 07 10N 5W, …

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Arkansas utility wants higher rates

  Customers of Black Hills Energy Corp. in northwest Arkansas could see their monthly bills go up by nearly $9 if Arkansas regulators approve the utility’s rate hike request filed last week. The move would affect nearly 180,000 customers in 20 counties according to a report by the Arkansas Democrat Gazette. Click here for Arkansas …

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Sierra Club says SWEPCO’s plans aren’t good enough

  The Sierra Club is critical of Southwestern Electric Power Co.’s plan to extend the life of an Arkansas coal plant to 2038 without providing an economic analysis of retiring it a decade sooner. The group responded after SWEPCO, a utility of American Electric Power recently released its Integrated Resource plan reported KUAR radio. Click here for …

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Colorado adopts new methane emissions rules for oil and gas

  Air regulators in Colorado have adopted what is described as a “sweeping” set of rules slashing methane emissions from oil and gas operations in the state but environmentalists aren’t totally happy. They’re called “first-in-the-U.S. rules” that give the industry leeway reports the Colorado Sun. Click here for Colorado Sun.  

So much for a White Christmas in Oklahoma!

  You want a White Christmas in Oklahoma. Forgetta about it! Or as Oklahoma Climatologist Gary McManus with the Oklahoma Mesonet put it in his Monday weather update, “A white Christmas? Yeah, from falling ash! HAHAHAHAHAHAHAHAHAHAHA!! HAHAHAHAHA!! HAHA! HA! haha ha” In other words, McManus said it will be more like Christmas in Australia than …

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Helmerich and Payne finalizes deal with largest drilling company in Middle East

  The largest drilling company in the Middle East, ADNOC Drilling Company PJSC and Tulsa-based Helmerich & Payne, Inc. jointly announced the finalization of a Rig Enablement Framework Agreement reached in September. The Framework Agreement will advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious growth and expansion plans. Focused on …

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Gasoline prices hold steady in most of Oklahoma but fall nationally

  Gasoline prices were unchanged in the past week in Oklahoma with an average of $2.89 per gallon while nationally, they fell 3 cents to an average $3.30 per gallon. The American Automobile Association reported Oklahoma’s $2.89 average was the same as a week ago, 9 cents cheaper than a month ago but 95 cents …

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