January 2021 archive

A Biden suspension of new drilling on federal lands could cripple Wyoming

  The oil and gas industry in Wyoming as well as its state leaders are waiting for the hammer to fall if President Biden follows through with a total suspension of all new oil and gas leasing on federal lands. Here’s why. In Wyoming, nearly 51% of oil is drilled on public land and 92% …

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Denver to restrict use of natural gas for new homes and buildings

  By law, the city of Denver cannot ban natural gas hookups from future homes and buildings, but the city is taking steps to make it more difficult to use gas. Denver’s Office of Climate Action, Sustainability and Resiliency released a plan this week calling for new homes and buildings to be mostly electrified by …

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Energy news in brief

** The U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in Washington’s latest attempt to block the Islamic Republic’s energy exports. Bloomberg reports the crude is on board the Liberia-flagged Achilleas, which is sailing to the U.S. after the Department of …

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Chesapeake meets with institutional investors to prepare to exit bankruptcy

  Chesapeake Energy leaders admitted in a government filing they met Wednesday with “certain institutional investors,” this as the Oklahoma City company prepares to emerge from Chapter 11 bankruptcy in February. The filing made with the Securities and Exchange Commission indicated the meeting with the unidentified investors was “beginning on January 27, 2021.” It’s believed …

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BP slapped with ‘hypocrisy’ claims by Texas regulators

  We’re not sure whether BP learned from some governors and mayors who flaunted the very COVID-19 rules they created then ignored them in a “rules for thee but not me” fashion. But the British energy company was hauled before the platform of hypocrisy at the Texas Railroad Commission this week. BP, the company that …

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Latest report shows a January drop in crude supplies in Cushing

  A new report shows the amount of oil in storage at the Cushing, Oklahoma storage hub declined for the week ended January 22. The American Petroleum Institute said supplies dropped by 3.5 million barrels for the week in Cushing while nationally, crude supplies fell 5.3 million barrels for the week. Gasoline stockpiles went up …

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Appeals court upholds court-ordered review of Dakota Access pipeline

  A court-ordered environmental review of the Dakota Access pipeline was upheld Tuesday by a federal appeals court. But the appeals court refused to shut down the controversial line while the review is undertaken and completed. The D.C. Circuit upheld the lower-court order from U.S. District Judge James Boasberg in April 2020 who ruled in …

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Biden suspends all new drilling on federal lands—market responded

    The oil and gas industry didn’t have to wait long before getting hit by President Biden’s orders suspending new leases for fracking and oil drilling on federal lands and waters. The action he took Wednesday at the White House drew immediate rebukes from the industry as well as members of congress from oil …

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Completion reports for January 26, 2021

Completion reports filed on January 26, 2021. CUSTER COUNTY Citizen Energy Iii Llc Mississippian: Gas 12706 Water 513 Flow 8 13N 14W Wl 1h-8-17, October 01, 2020 HH, GAS, TD: 23227 ft Lat: 35.61614, Long: -98.71947 API: 35039225870001 Citizen Energy Iii Llc Mississippian: Gas 9594 Water 599 Flow 8 13N 14W Wl 2h-8-5, October 01, 2020 HH, GAS, TD: 23618 ft Lat: 35.61614, Long: …

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Permits to drill for January 26, 2021

Permits to drill issued on January 26, 2021. Love County CAROLYN #1-2H35X, December 02 2020 02 8S 2E SESWSESW API: 08521321 Lat: 33.88297366559827, Long: -97.06808829493158 XTO ENERGY INC MU, AM, 23987 ft, MISSISSIPPIAN(14814), WOODFORD(17205)