** Nissan Motor Co said on Friday it has reached a breakthrough in achieving a 50% thermal efficiency with its in-development e-POWER hybrid technology, which could lead to a further reduction of car CO2 emissions. ** Elon Musk has had it with nickel. It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted on Thursday …
February 2021 archive
Whopping energy bills in Texas—Lt. Gov. says “read the fine print”
The Lieutenant Governor in Texas says the reason some Texans received whopping and exorbitant energy bills following the historic freeze is because they took a gamble and lost. Dan Patrick wasn’t being cold about the situation but explained those who received the high bills, $16,000 in one case, made a choice to either set …
Gasoline shortage in Texas after historic freeze
A shortage of gasoline is the latest crisis to hit Texas following the deadly winter storm that caused rolling blackouts and left nearly 3-dozen dead. As Bloomberg reported, it’s estimated that one in every seven gas stations in the state is without fuel because the storm not only crippled refineries but hit the trucking …
Granholm confirmed as Energy Secretary without support from Inhofe and Lankford
Former Michigan Gov. Jennifer Granholm won her confirmation to be the Energy Department secretary on President Biden’s cabinet, but she did so without the support of Oklahoma’s U.S. Senators. Granholm’s confirmation in the Senate came on a 64-35 vote with all Democrats and 14 Republicans agreeing on her nomination. Senators Jim Inhofe and James …
BLM sued by Continental Resources over stalled drilling permits
The Bureau of Land Management has been sued by Oklahoma City’s Continental Resources in federal court over delays of dozens of North Dakota drilling permits for federal lands. It’s considered a challenge of the Biden administration’s anti-fossil fuel moves taken immediately after he took office. The company’s Feb. 23 lawsuit in North Dakota U.S. …
Completion reports for February 25, 2021
CANADIAN COUNTY Citizen Energy Iii Llc Woodford(12041): Oil 94 Gas 1395 Water 406 Flow 8 11N 8W Jensen 1h-8, July 27, 2020 HH, OIL, TD: 17481 ft Lat: 35.44872, Long: -98.07532 API: 35017256180001 CARTER COUNTY Xto Energy Inc 11 4S 2E Naylor 3-11h2x35, February 14, 2020 HH, DRY, TD: 25289 ft Lat: 34.22928, Long: -97.06321 API: 35019263150001 MAJOR COUNTY Interstate Explorations Llc 16 …
Permits to drill for February 25, 2021
permits: none were processed today
2020 was a tough year for Mammoth Energy Services
Oklahoma City’s Mammoth Energy Services reported its fourth quarter total revenue increased over the third quarter of 2020, but for the year, its revenue was down 50% compared to a year ago. Total revenue for the fourth quarter was $85.1 million, up 21% from the $70.5 million at the end of the third quarter 2020 …
US crude at $64 but Oklahoma energy stocks suffered Thursday
Crude oil prices split their ways in Thursday’s trading as US crude went up closer to the $64 mark while European crude fell but remained a strong $66 a barrel price. West Texas Intermediate crude oil for April delivery went up 31 cents to $63.53 a barrel in trading on the New York Mercantile …
PSO submits filing to lessen customer impact of higher February storm costs
Public Service Company went to Oklahoma regulators less than a week after the historic winter storm to ask for help in cost recovery of making sure the state could provide power to homes and businesses. In a press released on Thursday, PSO called it a filing “designed to minimize the impacts that dramatic increases …