February 2021 archive

Climate advisor gets a mild scolding over her middle America criticism

  National Climate Adviser Gina McCarthy recently rubbed someone the wrong way when she said it was time to get “the middle of the country understanding and active on climate.” That someone was Sen. Chuck Grassley, the Republican from Senator who has been a major supporter of biofuels. He didn’t care for her comment about …

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ONE Gas 4Q report delayed by winter storm and blackouts

  While dealing with supply issues, rolling blackouts and sub-zero wintry weather, ONE Gas in Oklahoma decided Wednesday was not the day to release its fourth quarter earnings report. Not good timing to be talking about profits when you consider the millions of customers served in Oklahoma, Kansas and Texas who are dealing with rolling …

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Spot natural gas prices hit nearly $1,000 in Oklahoma

  The wintry grip on Oklahoma has sent natural gas prices in Oklahoma up to nearly $1,000 per million British thermal units. Reports indicated the $999 MMBtu price was  indicated for two contracts at the Oneok Gas Transportation hub in the state. It represented a 24,000% increase compared to a week earlier. David Hoy, a …

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Mullin reintroduces cable transparency bill as part of broadband connectivity agenda

  Oklahoma congressman Markwayne Mullin tried again to get congress to pass his Cable Transparency Act in an effort to expand broadband connectivity in eastern Oklahoma. This week, he reintroduced the Act to bridge what he contends is a digital divide and create new opportunities for cable operators and franchise authorities. The Act was reintroduced …

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Oil recovery from winter storm in Texas won’t be fast

  As the Permian Basin’s oil production is down an estimated one million barrels of oil a day because of the coldest weather in 30 years, some analysts and industry experts are saying the recovery could take weeks—-once the warmer weather returns. That represents a significant impact on the nation’s shale oil and its natural …

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Questions and finger pointing in Texas over the deadly winter storm

  A lot of finger-pointing is going on in Texas where millions lost power in the winter storms that bashed the state, resulting in frozen wind turbines and natural gas operations. Some want to put the blame on the frozen wind turbines which produced a large percentage of electricity in Texas. Others argue, “no, no…it’s …

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OK regulators approve emergency directive to utilities amidst storm

  It took Oklahoma Corporation Commissioners until Tuesday night to issue an emergency directive to utilities in the state, asking them to prioritize the delivery of natural gas and electrical power to customers in the middle of a second round of a major winter storm. As heavy snow hit the state with a second round …

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Completion reports for February 16, 2021

Completion reports filed on February 16, 2021. DEWEY COUNTY Derby Exploration Llc Mississippian(11085): Oil 239 Gas 5146 Water 1132 Flow 30 18N 14W Chain 20-29-1xh, November 16, 2020 HH, GAS, TD: 18160 ft Lat: 36.00079, Long: -98.72626 API: 35043237100000 GARVIN COUNTY Continental Resources Inc Woodford: Oil 43 Gas 5468 Water 1201 Flow 32 3N 4W Condit 4-5-8-17xhw, July 23, 2020 HH, GAS, TD: 26317 ft Lat: …

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Permits to drill for February 16, 2021

Permits to drill issued on February 16, 2021. Kingfisher County POLLARD 35-18-6 #1H, February 16 2021 26 18N 6W SESESWSE API: 07326740 Lat: 36.000923379706485, Long: -97.80528601556124 BCE-MACH III LLC HH, DR, 12326 ft, MISSISSIPPIAN (LESS CHESTER)(6844)

Continental Resources reports $92 million 4Q loss and expansion in Wyoming

  While Continental Resources reported a total 2020 net loss of nearly $597 million or $1.65 per diluted share, the Oklahoma City energy indicated it plans an expansion of its Wyoming drilling operations in March. It is finalizing a $215 million acquisition in Wyoming. The full-year 2020 adjusted net loss was $424 million or $1.17 …

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