December 30, 2021 archive

Thursday US crude prices finished close to $77

  A slight increase on Thursday left U.S. crude oil prices just under $77 a barrel while Oklahoma energy stocks managed some overall gains. West Texas Intermediate crude for February delivery went up 43 cents or 0.56%  to finish the day at $76.99 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …

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Hilliary Communications acquires two telecommunications companies in southwest Oklahoma 

 Hilliary Communications LLC, a cutting-edge communications company supporting customers throughout Oklahoma, Texas and Iowa, today announced its acquisition of Southwest Oklahoma Telecommunications Company (SWOI Wireless) and Southwest Oklahoma Telephone Company. Headquartered in Medicine Park, Oklahoma, Hilliary Communications will soon begin upgrades to enhance the network for many of the approximately 3,000 new customers. The Southwest …

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Other energy headlines

** Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening the supply of oil and gas in the foreseeable future. ** The U.S. National Labor Relations Board  impounded ballots that will decide whether the United Steelworkers (USW) continues …

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Latest natural gas report shows increased production

  The government reported an increase in dry natural gas production in October 2021 compared to a year earlier, marking the seventh consecutive month of growing production. The U.S. Energy Information Administration stated the preliminary level for dry natural gas production in October 2021 was 2,963 billion cubic feet (Bcf), or 95.6 billion cubic feet per …

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Enverus reports nationwide drop in rig numbers

  The latest U.S. rig count supplied by Enverus Rig Analytics showed a drop of 23 as of December 29 while at the same time there was an increase in the Anadarko Basin. The nationwide count dropped to 665 and the decline is believed to be associated with the end of the year. But the …

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Rural Oklahoma to get $554 million boost from USDA

  Oklahoma congressman Frank Lucas says the USDA’s recent investment of $554 million to build and improve critical rural infrastructure in Oklahoma will increase economic opportunities for small businesses in the state. The money will be used to expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across the …

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Judge rules against Energy Transfer in failed merger with Williams

  A federal judge has ruled Energy Transfer LP should pay a $410 million penalty over its failed $33 billion merger in 2016 with Tulsa-based Williams Cos.   “Having called a dirge for the merger,” Energy Transfer “must pay the piper,” ruled Delaware Chancery Court Judge Sam Glasscock III in his 95-page decision. Click here …

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Government proposes 29,000 acres for solar development in southern New Mexico

  The government wants to develop solar power in New Mexico, Colorado and Nevada using 90,000 acres of federal public land. At least 29,000 acres would be located on public land in southern New Mexico reported the Carlsbad Current Argus. Click here for Carlsbad Current Argus.

Growing cost pressures faced by drillers

  The Federal Reserve Bank of Dallas reports that oil drillers in the biggest U.S. fields are shouldering record costs as banks are growingly reluctant to loan money to the oil and gas sector. Bloomberg reports the claim came in a recent report. Click here for Bloomberg.  

Continental enters the Permian Basin with $3 billion acquisition

  Oklahoma City-based Continental Resources is starting 2022 with its first-ever entry in the Permian Basin following its $3 billion acquisition of Pioneer Natural Resources assets in the region. Continental CEO Bill Berry said the purchase will mark the company’s entrance into the Permian Basin region, complimenting assets held in the Bakken region in North …

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