Category: Oil & Gas

Energy news in brief

** PennEast Pipeline said on Monday it would cease development of the natural gas pipeline it proposed to build from Pennsylvania to New Jersey because the project had not yet received all the required permits. ** The Biden administration puts the brakes on oil and gas drilling permit approvals after coming under fire for issuing too many. ** Widening …

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OKC to host Southern States Energy Board conference

    With a theme of “Energy Pioneers in the New Frontier,” the Southern States Energy Board’s 61st annual meeting will be held this week in Oklahoma City. Oklahoma Gov. Kevin Stitt will host the 3-day conference at the Omni Hotel in the heart of Oklahoma City’s Bricktown entertainment district. Speakers at the event beginning …

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Mullin says Build Back Better is a blank check for socialism

  Oklahoma congressman Markwayne Mullin contends President Biden’s $3.5 trillion “Build Back Better” plan is nothing but a blank check for socialism, one that also is a move to get rid of fossil fuels that are central parts of economies in Oklahoma and other oil and gas producing states. Writing in his latest “Mulllin It …

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Church is new owner of former Unit Corporation headquarters bldg

  The Transformation Church was the buyer of the Unit Corporate headquarters building in Tulsa. Published reports identified the church as the new owner in a $35 million deal that allowed Unit Corp to remain in the more than 196,000-square-foot building which Unit developed 5 years ago. As OK Energy Today reported earlier, Unit’s chairman …

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Oil holds steady while Oklahoma energy stocks improve

  Crude oil prices managed to hold their own in Friday’s trading with increases of less than $1 a barrel in both the U.S. and in Europe but still reaching nearly $74 in the states and $78 overseas. Plus, Oklahoma energy stocks joined in the positive trading day. West Texas Intermediate crude for November delivery …

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Rig counts grow in Oklahoma and the U.S.

  The latest Baker Hughes rig report shows Oklahoma continues to see growth in its rig activity while the nation’s count does the same. Oklahoma’s count increased by 4 in the past week to reach 39 active rigs in the field. A year ago, the state had only 12 active rigs. The U.S. count, per …

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Energy news in brief

** Native American tribes, including the Standing Rock Sioux Tribe told the U.S. Army Corps of Engineers that the environmental study on Dakota Access oil pipeline is biased and urged the Biden administration to bring in the U.S. Interior Department. ** Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal …

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Anschutz puts money into hydrogen research

  The Anschutz Corporation — developer of a massive wind farm in southern Wyoming — makes the first substantial private investment in the University of Wyoming’s Hydrogen Research Center. The company is the previous owner of The Oklahoman newspaper in Oklahoma City. Click here for story from Wyoming Public Radio

Oil’s jump sends Oklahoma energy stocks upward

  Thursday brought a second day of big crude oil price jumps both in the U.S. and overseas and as a result, Oklahoma energy stocks soared and in one case nearly 18%. Global benchmark Brent crude hit its highest level in more than two months, rising $1.06 to finish the day at $77.25 a barrel …

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The Anadarko Basin is busy with new drilling

  New completions and permits to drill support the Enverus Analytics report of significant rig activity growth in the Anadarko Basin. The completion reports filed this week were for wells actually completed in 2020. Paloma Operating Co. Inc. completed two Quidditch Bia 31-30-16n-7w wells on a single pad at 31 16N 7W with combined daily production of …

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