Oklahoma Gov. Kevin Stitt has become the latest governor to challenge President Biden’s anti-fossil fuel executive orders showing that two can play the game of dueling executive orders. On Monday, Stitt signed his own executive order in which he declared under the 10th Amendment that Oklahoma has the right …
February 2021 archive
NGL closes on $2 billion in new financing
NGL Energy Operating closed on nearly $2 billion in notes in the past week, using the proceeds to repay all outstanding borrowings and to terminate its restated credit agreement from 2017. The closing also terminated the company’s $250 million term credit agreement dated 2019. The $2.05 billion in new senior notes were issued as …
Gasoline prices continue to climb in Oklahoma and the U.S.
In apparent response to growing optimism that the COVID-19 vaccine will increase travel and gasoline demand, gasoline prices continue to rise with a new national average of $2.46. Oklahoma’s average is $2.19, up three cents in the past week and 16 cents higher than a month ago. Oklahoma City’s average is $2.17, four cents …
Completion reports for February 8, 2021
Completion reports filed on February 8, 2021. BLAINE COUNTY Sanguine Gas Exploration Llc Cherokee(11036): Oil 5.8 Gas 230 Water 108 Flow 16 13N 12W J D 1-16, January 12, 2021 SH, GAS, TD: 12391 ft Lat: 35.60283, Long: -98.47474 API: 35011220820001 CARTER COUNTY Charter Oak Production Co Llc Tussy(5860): Oil 36 Gas 6 Water 26 Pump 24 3S 3W Columbia Crest 1-24, October 08, 2020 SH, …
Permits to drill for February 8, 2021
Permits to drill issued on February 8, 2021. Canadian County WHIRLAWAY #4H-33-4-9, November 05 2020 33 11N 7W SWSESENW API: 01725642 Lat: 35.38506021782371, Long: -97.94722634091748 CITIZEN ENERGY III LLC MU, AM, 19155 ft, WOODFORD(11100) Kingfisher County PEARL FIU 1607 #2H-17X, February 08 2021 20 16N 7W SWSESWNE API: 07326729 Lat: 35.85019594075896, Long: -97.96513712779078 OVINTIV MID-CONTINENT INC. MU, …
1Q loss reported by PHX Minerals but production grew and debt was cut
Oklahoma City’s PHX Minerals Inc. reported a first quarter net loss of $0.6 million or 3 cents a share compared to $1.9 million net income or 11 cents a share a year earlier. But the company also made strides in reduction of its debt and increased production. The results were released Monday after the …
Brent crude tops $60 a barrel
Crude oil prices hit their highest level in more than a year in Monday’s trading as Brent futures settled at more than $60 a barrel. Boosted by supply cuts, Brent crude for April delivery rose $1.22 to $60.56 a barrel in ICE Futures Europe. West Texas Intermediate crude for March delivery, considered to be …
Lucas—Biden’s ‘Build Back Better’ Agenda a Threat to America’s Energy Industry
Oklahoma Republican Congressman Frank Lucas is blunt with his assessment of President Biden’s campaign to “Build Back Better.” It threatens the country’s energy industry. The western Oklahoma U.S. Representative also says Biden has already broken his inauguration-speech promise to “work to be a President who seeks not to divide but unify.” Strong words from a …
Wind farm operator forced to supply privileged communications in Osage County fight
In a court case going back nearly 8 years, a Tulsa Federal Judge has ordered wind farm developer Osage Wind to turn over documents it contended were privileged communication with its legal representation. Osage Wind was sued by the Osage Minerals Council after it began construction of a wind farm in Osage County in …
Senator vows to block Rep. Haaland’s nomination for Interior Secretary
New Mexico Democratic congresswoman Deb Haaland is far too radical for Montana U.S. Sen. Steve Daines. He vowed to block her nomination for Interior Secretary even though environmentalists, Native American tribes and Democrats have given her overwhelming support. But after Haaland met last week with Sen. Daines, he offered no change of heart about …