Oklahoma Gross Receipts to the Treasury in August grew by almost 20 percent over the year with a rebounding fossil fuel industry leading the way, State Treasurer Randy McDaniel announced. Total monthly gross receipts of $1.17 billion are higher than August of last year by $191.2 million, or 19.5 percent. Collections from the gross production …
South central Oklahoma targeted for more drilling
More drilling permits have been approved for southern Oklahoma’s Carter County. Camino Natural Resources LL received an amended permit to drill the SKIRVIN 0203 #6-7-1MXH at 31 1S 3W, a site about 2 miles southwest of Ratliff City. Total depth is set to be more than 21,000 feet with a true vertical depth of 10,470 feet. …
Anadarko Basin and Grady County see big boost in rig activity
Oklahoma’s Grady County is in the top 20 most active counties for oil and gas drilling in the U.S. according to Enverus Rig Analytics which also released its rig count this week. The Texas firm said its numbers showed 11 active rigs in Grady County in the Anadarko Basin. The Basin also saw its …
Another step taken in Chesapeake’s acquisition of Vine Energy
As part of Chesapeake Energy’s recent acquisition of Vine Energy Inc., a deal valued at $2.2 billion, investors in Vine Energy are being asked to approve a merger with a Chesapeake subsidiary. Notification went out this week to Vine Energy shareholders who were told the board of directors of Vine has unanimously approved the merger …
Energy news in brief
** Photos show what appears to be a miles-long oil slick near an offshore rig in the Gulf of Mexico after Hurricane Ida, according to aerial survey imagery released Wednesday by the National Oceanic and Atmospheric Administration and reviewed by The Associated Press. ** Roughly a million homes and businesses in Louisiana and Mississippi still had no electricity …
Environment Department wants millions more for clean energy investments
Leaders of the New Mexico Environment Department are asking for a $7.1 million budget increase saying it will spur clean energy investments across the state. The Department, in an announcement said the additional money for Fiscal Year 2023 will be used while it also is aggressive in mitigating the impacts of climate change. “Investing …
Oil price rebound boosts Oklahoma energy stocks
After U.S. crude inventories fell more than expected, crude oil prices on Thursday rose more than $1 a barrel. Oklahoma energy stocks also had a good day in trading with some making 8% and 9% gains. It gave increased optimism about global economic growth despite the coronavirus pandemic. West Texas Intermediate crude finished up …
Missouri regulators issue order to stalled pipeline operator
Regulators in Missouri ordered natural gas pipeline operator Spire Missouri to get ready as to the fate of its FERC approved line. The Federal Energy Regulatory Commission approved the 65-mile interstate pipeline in 2018 but the approval was stalled in court by a legal challenge filed by the Environmental Defense Fund. The Missouri Times …
Carter county to get more drilling
South Central Oklahoma’s Carter County will be targeted for more drilling. Kodiak Oil & and Gas Inc. has permits to drill two wells on a single pad near the town of Wilson. The site, 27 4S 2W is just outside of the town near the Black Gold Casino where the two ALLEN #624 and the HHU #625 …
Judge tosses Oklahoma lawsuit targeting ‘social cost of carbon’ emissions
Oklahoma Attorney General John O’Connor and others representing 12 other states that sue the President Biden administration for taking steps to consider the “social cost of carbon” in federal regulations don’t have standing ruled a federal judge. The lawsuit, filed last spring opposed President Biden’s executive order that directed federal agencies to calculate an …