While Oklahoma leaders started looking into the national gas supply industry following last month’s severe cold weather, the attorney general in Texas is expanding his probe of the same industry. Attorney General Ken Paxton announced this week an expansion into the effects of the winter storm on energy markets and explained his office had …
March 2021 archive
Shortage of car seat foam—guess why?
Photo credit: Cadillac The following story might be a “must read” for those members of Congress who want to bring an end to the nation’s oil and gas industry—or for those environmentalists attempting to do the same thing. For all of their criticism of the industry, they might have either “forgotten” or been poorly educated …
One power regulator remains in Texas
A second member of the Public Utility Commission of Texas resigned this week, becoming the second member to do so and leaving only a single member n the wake of the February blackouts caused by the historic winter storm. Commissioner Shelly Botkin submitted her resignation on Monday, days after former Chair Deann Walker quit …
Chesapeake settles natural gas royalty dispute in Pennsylvania
After a 5-year battle with the state of Pennsylvania, Oklahoma City’s Chesapeake Energy Corp. has settled a case in which it was accused of underpaying royalties and using deceptive practices to obtain leases with Pennsylvania landowners. The the $5.3 million settlement was announced Monday by Pennsylvania Attorney General Josh Shapiro who said it ends …
Completion reports for March 8, 2021
completions: none were processed today
Permits to drill for March 8, 2021
Carter County SYCAMORE UNIT #51-15, March 08 2021 27 2S 3W N2SESESW API: 01905398 Lat: 34.348099438898245, Long: -97.50230997325401 CHAPARRAL ENERGY LLC SH, RC, 4858 ft, DEESE(3095) Carter County SYCAMORE UNIT #41-5, March 08 2021 28 2S 3W CNWSESW API: 01905413 Lat: 34.34984091723811, Long: -97.52198632501873 CHAPARRAL ENERGY LLC SH, RC, 4563 ft, DEESE(3037) Carter County SYCAMORE UNIT #18-5A, …
Crude oil hits $71 before falling in Monday’s trading
After global crude oil prices surged above $71 a barrel on Monday’s trading following the Sunday attacks against Saudi Arabia oil facilities, they settled lower with a $1.12 loss to just above the $68 mark. Global benchmark Brent crude for May delivery eventually fell to $68.24 a barrel. West Texas Intermediate crude for April delivery …
Texas legislators move to clamp down on power producers in wake of deadly storm
Texas legislators have unveiled a basket of bills targeting electrical power production in the state following the February winter storm crisis that left millions without power. The Texas Tribune reported that House Speaker Dade Phelan announced seven such priority bills on Monday including one calling for the overhaul of the Electric Reliability Council of …
Congress looks into shipment of crude oil by rail
A House committee this week begins an exploration of rail transportation and the growingly-important role it plays in energy in the U.S. Here’s why it’s important for the oil and gas industry. With the death of the Keystone XL pipeline at the hands of President Biden, oil from Canada will be moved southward to …
No date set in State Supreme Court oil and gas regulatory fight
The Oklahoma Supreme Court has yet to set a date to hear the appeal of an Oklahoma oil and gas firm that contends because of a US Supreme Court ruling, the state Corporation Commission no longer has the power to regulate its wells on land now considered to be Indian land. Chief Justice Noma …