March 1, 2021 archive

Permits to drill for March 1, 2021

Mcclain County FLINT CREEK #1-30, September 24 2019 30 6N 2W SENWNENW API: 08721903 Lat: 34.969804112331026, Long: -97.45338729807384 CHARTER OAK PRODUCTION CO LLC SH, RC, 8910 ft, DEESE(6810), PENN UNCONF(7695), WOODFORD(7743), HUNTON(7800), VIOLA(8262), 1ST BROMIDE(8745)

Completion reports for March 1, 2021

HUGHES COUNTY Calyx Energy Iii Llc Woodford(5243): Gas 8922 Water 3238 Flow 6 8N 12E Kennedy 1-31-30wh, October 26, 2020 HH, GAS, TD: 15182 ft Lat: 35.20228, Long: -96.08011 API: 35063249200000

Enbridge completes $132 million purchase of Blueknight’s terminals

  Tulsa’s Blueknight Energy Partners, L.P. announced it wrapped up its $132 million sale of its crude oil terminalling segment to Enbridge, Inc. With the completion, Blueknight has exited its crude oil business turning it into a pure-play terminalling company focused on infrastructure and transportation end-markets. “Exiting our crude oil businesses has been a top …

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ONE Gas took out loan to pay for historic February gas purchases

  As ONE Gas leaders take part in another conference seeking new investors, they say the company suffered $2.2 billion estimated costs of natural gas purchases for the month of February 2021, mostly due to the winter storm and borrowed money to pay for it. Leadership will take part Tuesday in the BofA Securities Power, …

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Oil prices continue their downward slide

  Monday marked another down day for crude oil futures, both in the U.S. and overseas while Oklahoma energy stocks moved up in trading. West Texas Intermediate crude for April delivery dropped 86 cents to $60.64 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for May delivery fell 73 …

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Oklahoma regulators mull over increased gas production rates

  Oklahoma regulators delayed a decision Monday whether to increase the state’s long-term allowable natural gas production proration rate but will meet Tuesday to consider extending the emergency rate of 100% approved during the winter storm. Oklahoma Corporation Commissioners listened to testimony by a Commission specialist who had recommended increasing the national gas production rate …

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Mullin in The Hill: The cold truth on energy

“I firmly believe it is not the governments job to pick winners and losers in our fuel mix”—Rep. Markwayne Mullin Oklahoma Congressman Markwayne Mullin went after the “radical left” and “overregulation” in a recent op-ed piece for The Hill in which he defended the fossil fuel industry during the cold spell that killed dozens and …

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Mammoth Energy lays out financial possibilities in 2021

Oklahoma City’s Mammoth Energy Services is not suggesting it will fail in 2021, but it told investors in an annual report filing with the Securities and Exchange Commission a lot depends on industry conditions and the company’s financial results. The filing came after Mammoth last week reported total revenue for 2020 was down 50% from …

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Energy nominees to face Sens. Inhofe and Lankford this week

  Oklahoma U.S. Sens. Jim Inhofe and James Lankford will be busy this week dealing with Senate committee confirmation hearings on three Biden nominees. Sen. Inhofe, who once chaired the Senate Energy and Public Works Committee will be among those questioning Brenda Mallory who was nominated to led the White House Council on Environmental Quality …

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Cold weather shutdown of oil refineries to last several more weeks

  The historic cold weather that hit Texas did as much to shut down oil refineries as hurricanes according to the Energy Information Administration which also indicated it will be weeks before some are back in full operation. In a release on Monday, the EIA stated gross inputs of crude oil and other feedstock to U.S. …

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