Merger creates $4 billion oil firm in the Permian

  The combination of two of EnCap Investments LP’s portfolio companies in the Permian basin leads to the creation of an oil producer worth more than $4 billion. Reuters reports the private equity firm wants to take it public as soon as next year. Click here for Reuters.

Oil company could face penalties over leaking tanks

  Leaking oil tanks could lead to penalties for Prospect Energy, the Colorado company accused of air pollution north of Fort Collins. The Fort Collins Coloradoan reports Colorado’s Air Pollution Control Division is considering the action. Click here for Fort Collins Coloradoan.  

Permian oil output expected to reach record levels in December

  Crude oil production in the Permian Basin is expected to reach well beyond a pre-pandemic high this month. Drillers in the nation’s most prolific patch that covers West Texas and southeast New Mexico are busier than ever according to Bloomberg.  

EIA updates crude oil production for basins

The federal government is out with a new report indicating new oil well productivity in Oklahoma’s Anadarko Basin for December averages 794 barrels of oil a day. The U.S. Energy Information Administration forecast the productivity will decline to 778 barrels of oil a day by January 2022. New gas-well production per rig in the Basin …

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COVID-19 worries cause slip in oil prices

  Crude oil prices slipped on Monday due tor worldwide concerns that vaccines might not be effective against the Omicron variant of the coronavirus. Most Oklahoma energy stocks recorded losses for the day. West Texas Intermediate crude for January delivery fell 38 cents or 0.53% to settle at $71.29 a barrel in trading on the …

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Executive appointments made at Williams

    Williams announced that John D. Porter has been appointed Senior Vice President and Chief Financial Officer (CFO), overseeing all financial aspects of the company, effective Jan. 1, 2022. Porter will replace John Chandler, who announced his planned retirement from Williams earlier this year. Chandler will serve as a strategic advisor until his retirement …

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Updated phone app for Oklahoma driving conditions

  A new phone app giving updated travel conditions from the Oklahoma Department of Transportation is now available. The Drive Oklahoma app includes an interactive mapping system that shows where traffic issues have developed and provides information to allow the public to plan for travel in advance reported the Daily Ardmoreite.

Gasoline prices continue to fall in Oklahoma

  The national gas price average has been trending downward for the better part of a month now, and it is possible the highest gas prices of the year are behind us….according to the American Automobile Association in Oklahoma. Oklahomans have had the lowest prices in the nation throughout the fall surge. Still, today’s average of $2.89 a …

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Gradual increase in new wells in Oklahoma

  They aren’t the biggest producers but Oklahoma is seeing more wells completed in recent weeks and months and more drilling has been approved by state regulators. Newly completed wells have been reported in Blaine, Caddo, Garvin, Grady, Canadian and other counties. Here’s a list of some of the latest completed wells. Continental Resources brought …

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No carbon tax in BBB bill?

  While Democrats in congress wrangle about Biden’s Build Back Better bill, it would appear the door has possibly been slammed shut on the prospects of a carbon tax in the exorbitant measure. POLITICO reports that a carbon tax, one long opposed by Oklahoma U.S. Sen. Jim Inhofe is not part of the Senate Finance …

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