February 2020 archive

Infighting by environmentalists over Scott Pruitt directive

Environmentalists are still fighting over decisions made when Scott Pruitt was Administrator of the Environmental Protection Agency. They wanted him out of office and got their wish, but now can’t decide on one topic of contention. POLITICO’s Morning Energy Report says the EPA and the Natural Resources Defense Council can’t agree on what to do after …

Continue reading »

Energy news in brief

** Republican lawmakers Monday boycotted the Oregon Legislature, denying Democrats a quorum in an attempt to doom a contentious climate change bill. A legislative panel approved the bill after it rejected a proposed GOP amendment to put the issue on the ballot in November. Last year, Republicans, who are in the minority in both the Senate and …

Continue reading »

Positive free cash flow reported by Ascent Resources

  The fourth quarter of 2019 saw a drop in earnings forAscent Resources Utica Holdings, LLC in Oklahoma City but its overall 2019 net income saw a huge turnaround compared to 2018. The company reported fourth quarter net income of $65 million and adjusted net income of $98 million compared to net income of $124 …

Continue reading »

OGE wants rate hike to repair aging system

Oklahoma Gas and Electric is hoping to convince state regulators to approve a plan to raise rates on customers so improvements can be made to the utility’s aging transmission and distribution system. The company filed a request Monday with Corporation Commissioners for approval of a cost recovery mechanism of a proposed five-year improvement plan. OGE …

Continue reading »

Flood maps and climate change to be focus of House hearing

Oklahoma U.S. Reps. Frank Lucas and Kendra Horn will be among those in Congress this week exploring the issue of whether the National Flood Insurance Program should be reauthorized. Both sit on the House Science, Space and Technology Committee. Rep. Lucas, a Republican is the ranking minority member while Congresswoman Horn is on the Democratic …

Continue reading »

EPA budget plan to be reviewed by House subcommittee

Oklahoma Congressman Markwayne Mullin and others on a House subcommittee will hear from EPA Administrator Andrew Wheeler this week to discuss the White House’s fiscal 2021 budget plan. Rep. Mullin, a Republican from eastern Oklahoma, is a member of the House Energy and Commerce Subcommittee on Environment and Climate Change where Wheeler will testify on …

Continue reading »

Energy stocks take a hit from spread of coronavirus

Not only did energy stocks across the board take a hit Monday as the coronavirus spread around the world, Oklahoma City’s Chesapeake Energy trading hit a record low on Wall Street. Chesapeake shares dropped 4% and hit an all-time low of 40.30 cents during mid-day trading. Crude oil futures dropped 4.6% to $50.95 while the …

Continue reading »

Completion reports for February 24, 2020

Completion reports filed on February 24, 2020. BLAINE COUNTY Devon Energy Production Co Lp 12 16N 10W Scott 13_24-16n-10w 4hx, May 28, 2019 SH, null, TD: 7980 ft Lat: 35.87070, Long: -98.21360 API: 35011240700000 Devon Energy Production Co Lp Mississippi Lime(10168): Oil 684 Gas 11650 Water 1246 Flow 2 14N 11W Burr Oak 2_35-14n-11w 1hx, March 18, 2019 HH, GAS, TD: 21510 …

Continue reading »

Permits to drill for February 24, 2020

Permits to drill issued on February 24, 2020. Dewey County OWEN 26-17N-19W #1CH, August 03 2018 23 17N 19W SWSESWSW API: 04323645 Lat: 35.927846749178336, Long: -99.20114905188751 CONTANGO RESOURCES INC HH, AM, 14500 ft, CLEVELAND(9156) Grady County TRULA #1-16, February 14 2020 16 5N 5W SESWSENE API: 05123690 Lat: 34.906508090417134, Long: -97.72592877027091 RED ROCKS OIL & GAS OPERATING …

Continue reading »

Misleading headline and study about fracking and sexual diseases

  Talk about a misleading headline—how’s this? “Fracking linked to increased  sexually transmitted infections.” It’s what the headline read over an E & E story about increased rate of sexually transmitted diseases and a study by Yale University researchers. “Rates of two sexually transmitted infections are higher in Texas counties with heavy fracking activity compared …

Continue reading »