Completion reports filed for December 16, 2020. completions: none were processed today
December 16, 2020 archive
Permits to drill for December 16, 2020
Permits to drill issued on December 16, 2020 permits: none were processed today
Crude oil makes more gains and Brent finishes over $51
It was another up day for crude oil prices on Wednesday as Brent crude made it over the $51 mark and WTI pushed close to $48. West Texas Intermediate crude rose 5 cents for a 0.10% gain to $47.87 for January delivery in trading on the New York Mercantile Exchange. Global benchmark Brent crude finished …
Phillips 66 lowers 2021 spending budget
Phillips 66 announced this week a dramatically lower 2021 capital budget of $1.7 billion. It reflects a nearly 43% drop from the 2020 estimated budget as the company is like other energy firms—trying to recover from an energy market devastated by the COVID-19 pandemic. It remains unclear how the new budget will affect the …
Ban on federal drilling leases would cost states billions
A study by the state of Wyoming contends any ban on new oil and gas drilling leases on federal lands would cost eight Western states more than $8 billion in tax revenue and $34 billion in investment in the next five years. Reuters reported the study showed New Mexico and Wyoming would be hit …
Defense contractor expanding to OKC
Hawaii-based North Star Scientific Corporation, an electronic defense manufacturing firm announced it will expand operations to Oklahoma City. The initial facility will start operations in January with only five employees but the company said it will eventually increase to 40 workers once the plant is fully operational. “NSS has chosen the state of Oklahoma …
AG tells Seminole tribe ‘not so fast’
Even as the Oklahoma Supreme Court will hear a challenge to a move by regulators to continue enforcing oil and gas regulations on what is considered to still be Indian land in the state, one tribe is telling oil and gas operators they have to start paying taxes to the tribe. The Oklahoman reported …
McCarthy to be energy czar and expand on her former EPA policies
She’s baaaack. Gina McCarthy, the former EPA Administrator under the Obama administration who brought methane regulations for the oil and gas industry and introduced the Waters of the US rule is being picked to be President-elect Biden’s ‘climate czar.’ As such, McCarthy will coordinate domestic climate response across federal agencies. After leaving the EPA …
Oil and gas revenue flow continues to fall in Oklahoma
Oklahoma government leaders are learning the cold hard truth of what the COVID-19 pandemic has done to the state’s oil and gas industry as they reported a 4.5% drop in general revenue fund collections from a year ago for the month of November. Here’s how the sobering news hit them. November gross production tax …
Biden picks Buttigieg to be his Transportation Secretary
You might know him as the gay Democratic Presidential candidate who wants to take guns from Americans, but get ready to know much more about Pete Buttigieg, the former mayor of South Bend, Indiana. President-elect Biden has picked him to be his Secretary of Transportation in a Biden administration. The 38-year old Buttigieg will be …
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