** Total US propane product supplied climbed 402,000 b/d to the highest level in nearly 14 years in the week ended Jan. 8, Energy Information Administration data showed Jan. 13. ** Joe Biden’s transition team announced its top White House climate aides—Maggie Thomas, a climate adviser on the presidential campaigns of Sen. Elizabeth Warren and Washington …
January 2021 archive
Biden to reportedly kill Keystone XL line on first day in office
It should come as no surprise but a published report claims President-elect Joe Biden will cancel the Keystone XL pipeline permit, perhaps on his first day in office. Reuters reported that one source familiar with Biden suggested the $9 billion project will be targeted among his first acts in office and he will take …
OGE gets national award for storm responses
The Edison Electric Institute announced OG&E as a recipient of its Emergency Response Award following power restoration from the July severe storm and October ice storm in 2020. OG&E was selected by a panel of judges following an international nomination process, and the awards were presented during EEI’s virtual Winter Board and Chief …
ONEOK’s 4Q earnings report to be released in February
ONEOK, Inc. will release fourth quarter and year-end 2020 earnings after the market closes on Feb. 22, 2021. ONEOK’s executive management will participate in a conference call the following day at 11 a.m. Eastern Standard Time (10 a.m. Central Standard Time) on Feb. 23, 2021. The call also will be carried live on …
ConocoPhillips Completes Acquisition of Concho Resources
The more than $13 billion acquisition of Concho Resources by ConocoPhillips was completed in recent days. The acquisition adds 550,000 net acres in the Permian along with 200,000 bbl/d oil output and 719 MMcf/d gas production to Conoco’s holdings. It also increases the firm’s Permian output by six-fold. “This acquisition results in the …
Crude oil prices finished down on Friday
After making significant gains last week, oil futures on Friday dropped and analysts blamed fresh outbreaks of COVID-19 in China for taking the glow off the outlook for energy demand. West Texas Intermediate crude for February delivery plunged $1.21 before settling at $52.36 in trading on the New York Mercantile Exchange. That represents a …
Completion reports for January 15, 2021
Completion reports issued on January 15, 2021. BECKHAM COUNTY Bce-mach Llc Des Moines(12372): Oil 42 Gas 422 Water 105 Flow 17 10N 26W Sonny 4-17, November 10, 2020 SH, OIL, TD: 14700 ft Lat: 35.34058, Long: -99.97587 API: 35009217280001
Permits to drill for January 15, 2021
Permits to drill issued on January 15, 2021. Latimer County SCHARFF #5, January 15 2021 01 5N 19E SENENENW API: 07721518 Lat: 34.94109551649173, Long: -95.25371442664517 MERIT ENERGY COMPANY DH, RC, 15610 ft, LOWER ATOKA(11822), ATOKA BASAL (SPIRO)(15398) Love County AKIN SWD #1, November 18 2020 24 8S 1E NWSWSWSW API: 08521320 Lat: 33.84033772707438, Long: -97.15980378985408 FIRST ASCENT …
First electric-powered fracking carried out by Halliburton
Halliburton announced it carried out the oil and gas industry’s first electric grid-powered fracturing job. The Houston-based company said the new kind of fracturing was done on several pads for Cimarex Energy Company in the Permian Basin and started in November. The Denver-based company not only has been active in Oklahoma but also in …
Oklahoma’s rig numbers dropped while US increased in past week
Baker Hughes Co. reported the nation’s oil and gas rig count increased by 13 to reach 373 in the past week while Oklahoma’s count slipped by one to 17 rigs. A year ago, Oklahoma had 53 active rigs. Baker Hughes said the U.S. total included an increase of 12 oil drilling rigs to 287 …
