A study by the group, Coalition to Protect America’s National Park, is out with a report claiming that oil and gas drilling is endangering two of New Mexico’s national parks. The group says continued fossil fuel extraction from the Permian Basin is putting the Carlsbad Caverns National Park and the Chaco Culture National Historical Park …
New gas well in southeast Oklahoma for Calyx Energy III
Tulsa-based Calyx Energy III LLC continued with its success of natural gas wells in southeastern Oklahoma. It filed a completion report this week on a Pittsburg County gas well that produced 11,628 Mcf of natural gas. The Albatross 2-3-27wh, completed in November 2022, is located at 3 7N 13E, a site north of McAlester …
OK energy stocks took a hit on Friday as crude oil dropped
Not only did crude oil prices fall on Friday, so did most Oklahoma energy stocks as investors showed signs of increased concern the Federal Reserve will get more aggressive with interest rate hikes. West Texas Intermediate crude finished down 2.74% on a decline of $2.15 a barrel to close at $76.34 on the New …
Rig counts—up in Oklahoma and down nationwide
Oklahoma’s rig count grew by one in the past week to reach a total of 64 rigs breaking the horizon in search of oil and gas. Baker Hughes Co. reported on Friday the national rig count fell by one to 760. The decline included a loss of 2 oil rigs, leaving 607 across the …
Williams and Chevron reach deal for increased natural gas production
Williams announced that it has executed agreements with Chevron U.S.A. Inc. to support natural gas development in the prolific Haynesville Basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication while Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy …
Devon plans to focus on where the oil is—the Delaware Basin
After reporting a historic cash flow in 2022, Oklahoma City’s Devon Energy made it clear where it intends to invest most of its capital and efforts in 2023—The Delaware Basin. Specifically, New Mexico’s side of the Basin. In its recent fourth quarter financial results report, Devon stated it had average production of 407,000 Boe …
House Transportation Committee to consider legislative bills
From school buses to motorcycles, the Oklahoma House Transportation Committee will meet Tuesday to consider four bills. During the 1:30 p.m. meeting, members will consider HB1067, a bill introduced by Rep. Josh West. He wants the Oklahoma Turnpike Authority to exempt school buses and law enforcement from paying tolls on turnpikes in the state. Another …
Cherokee Nation to use $34 million grant to build larger broadband network
The Cherokee Nation in eastern Oklahoma plans to leverage a nearly $34 million federal grant to build 240 miles of new fiber backbone in the area it serves in the state. The Broadband Infrastructure Development project, funded with an award of $33,946,876.75 will result in the installation of fiber and wireless technology directly connecting …
Environmentalists pressure BlackRock to eliminate fossil fuel investments
BlackRock Inc., the company that became the poster boy after it discriminated against investments in oil and gas firms, faced more pressure this past week from environmentalists to exit investments in fossil fuels. BlackRock’s actions prompted the Oklahoma legislature to adopt last year the Energy Discrimination Elimination Act. During the financial conference where BlackRock …
Energy briefs
** The Biden administration turned down a request for federal disaster assistance from Ohio Gov. Mike DeWine in the aftermath of the train derailment in the state earlier this month that led to a large release of toxic chemicals. ** Transportation Secretary Pete Buttigieg shifted part of the blame for the recent derailment of a train carrying toxic …
