May 2022 archive

Worldwide crude oil tops $120 while Oklahoma energy stocks fall

  The move by European Union leaders to adopt a partial ban on Russian oil imports provided a spark for oil-producer stocks and sent the global price of oil to more than $120 a barrel on Tuesday. But Oklahoma energy stocks went the opposite direction.   After trading as high as two cents short of …

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XTO Energy finishes 3-year drilling project in southern Oklahoma

    Texas-based XTO Energy Inc. recently filed completion reports on a series of 8 wells in Carter and Love Counties in southern Oklahoma. The company initially began drilling in the summer of 2018 and 2019 but didn’t complete the wells until 2021 and in 2022. The four Carter County wells, all drilled on a …

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Oil majors no longer interested in Arctic National Wildlife Refuge

  Another sign has cropped up indicating major oil and gas companies no longer have the expressed interest in exploration of the Arctic National Wildlife Refuge. Two major oil companies reported spent $10 million to get out of contracts to drill in the refuge according to a report by the Anchorage Daily News. Click here …

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Biden now wants to reopen idled refineries

  After killing the Keystone XL pipeline and putting the oil and gas industry in his “green” target sights, President Biden reportedly has something of a change of hearts. It’s reported he now is asking the very industry he criticized to help restart refineries that had been idled according to Bloomberg. Click here for Bloomberg

Hinkle Oil and Gas reports 7 Kingfisher County wells with 3,000 barrels of oil a day in production

  A series of 7 wells, two on a single pad and the rest on adjacent sections of land ended up with production of more than 3,000 barrels of oil a day in Kingfisher county. Hinkle Oil & Gas Inc. of Oklahoma recently filed completion reports on the series of Lincoln wells, located about 9 …

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High price of gasoline gets more attention in Oklahoma

  As Oklahoma joined the $4-a-gallon club in the past week, it had the recent attention of the Enid News and Eagle. Cilck here for Enid News and Eagle  

Gasoline prices reach $4.17 average in Oklahoma

  Ah, for the days when gasoline was around $2.70 a gallon. That was a year ago in Oklahoma City. This week, the average has jumped again, rising to $4.15 a gallon in Oklahoma. It was 9 cents cheaper a week ago and a month ago, the statewide average was $3.80. A year ago, Oklahomans …

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North Texas Lake completed with forest of 6 million trees

  North Texas Municipal Water District, in collaboration with Resource Environmental Solution, is celebrating the completion of one of the largest environmental restoration projects of its kind in the U.S. After four years of dedicated efforts, North Texas is now home to a new and growing forest of 6.3 million trees, thousands of acres of …

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Other energy headlines

** The Federal Mine Safety and Health Review Commission has been racked by infighting for the past several weeks, with two of its Republican commissioners feuding with its Democratic chair, Arthur Traynor, in a bitter argument involving allegations of financial malfeasance by senior staffers and toxic workplace conduct reported POLITICO. ** Scott Yager is now environmental VP …

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Oil company accused of pollution violations in Colorado

  An oil and gas company in Colorado has been accused of pollution violations over a recent fire at its oil storage sites near Fort Collins. Larimer County officials filed a complaint against Prospect Energy with the Colorado Oil and Gas Conservation Commission reported the Fort Collins Coloradan. Click here for Fort Collins Coloradan