Among recent completions was a western Oklahoma well with more than 1,300 barrels of oil a day in production and in a region where typically the wells have been strong natural gas producers. Unit Petroleum Company of Tulsa reported completion of the Wingard 16 #1h well at 21 14N 14W in Custer County. The well, located …
Quarterly report date announced by Helmerich and Payne
Tulsa’s Helmerich & Payne announced it plans to release its fiscal first quarter 2022 earnings report on Tuesday, Feb. 1, 2022. The company will hold a conference call at 10 a.m. Central Time featuring John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO and Dave Wilson, Vice President of Investor Relations. …
Wednesday’s other energy headlines
** The Biden administration announced on Monday that it will reverse a Trump-era policy that opened up vast swathes of Arctic Alaska land to new oil development. ** North Dakota officials are investigating an active but contained oil well fire at a site with about 1,360 barrels of crude oil and 1,670 barrels of produced water. ** U.S. power …
High court won’t hear ethanol challenge
The ethanol industry suffered a blow from the U.S. Supreme Court this week when justices turned away efforts to revive a Donald Trump administration move to allow expanded sales of gasoline with E15, a higher ethanol blend. Reuters reports a biofuels industry group had filed a petition for the higher court to review a …
Nebraska announces plan to seize water from Colorado
Nebraska moves to grab access to Colorado land along the South Platte River so it can divert water out of Colorado. Gov. Peter Ricketts announced a $500 million plan under a 99-year old compact between the states reported the Associated Press. Click here for Associated Press
State of Oklahoma celebrates Supreme Court limitation of McGirt
“McGirt is not retroactive. This is a major victory for the State of Oklahoma,” said Attorney General John O’Connor. The Oklahoma Court of Criminal Appeals unanimously made that decision in Parish v. Oklahoma. On Monday, the United States Supreme Court refused to consider an appeal of that decision by Parish. Clifton Parish was convicted of …
Crude oil prices and Oklahoma energy stocks slid on Monday
Crude oil prices started off the trading week with a drop in both the U.S. and overseas markets and Oklahoma energy stocks followed suit. West Texas Intermediate crude for February delivery took a 67-cent plunge to $78.23 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for March delivery …
Producers Midstream II acquires certain gathering and processing assets from Midcoast Energy
Dallas-based Producers Midstream II, LLC has acquired 100% of MidCoast Energy’s gas gathering and processing assets in the Anadarko Basin covering western Oklahoma and the Texas Panhandle. In a recent announcement, Producers indicated it also acquired a 35% operating interest in Texas Express Gathering, a Y-grade gathering pipeline. No amount of money was disclosed …
AARP argues proposed PSO settlement is unfair to residential customers
When an Oklahoma Corporation Commission Administrative Law Judge recently recommended approval of a securitization of PSO’s $688 million in February storm costs, it had the support of several groups, but not the American Association of Retired Persons. The Oklahoma chapter of the AARP opposes the 20-year plan to spread out costs, a move that …
Large wind project approaching completion in Oklahoma
No official date has been announced but sometime early this year, the nation’s largest wind project in 2022 is expected to come on line in Oklahoma. The 999 Megawatt Traverse Wind Energy Center is expected to begin commercial operations sometime in April. Invenergy announced funding for the large operation back in March of 2021. …
