March 2021 archive

Tesla sees another state considering direct sales of Electric Vehicles

  While Oklahoma legislators are fighting attempts to allow electric vehicle manufacturers to sell directly to consumers and avoid going through new-car dealerships, the state of Connecticut appears headed in the opposition direction. As OK Energy Today reported this week, a bill in the Oklahoma legislature would reinforce the state law that forbids manufacturers from …

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Chesapeake Energy faces $1.9 million environmental fine in Pennsylvania

  Oklahoma-based Chesapeake Energy is facing a nearly $2 million fine in Pennsylvania by federal and state regulators who claim the firm damaged dozens of wetlands and streams at its gas drilling sites in the state. State Impact Pennsylvania reported a federal complaint filed in Williamsport alleged that Chesapeake caused the environmental damage at 76 …

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Congress questions Texas officials about power grid failure

      A U.S. House subcommittee led by Democrats started its investigation this week into the February power outages that hit Texas during the massive winter storm. The hearing on Wednesday turned into more of a debate over the reliability of fossil fuels and renewable energy sources and resulted in little new insight into …

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Completion reports for March 24, 2021

WASHITA COUNTY Unbridled Resources Llc null: Oil 167 Gas 12980 Water 472 Flow 30 10N 18W Gray 19-10-18 2hb, November 15, 2020 HH, GAS, TD: 17979 ft Lat: 35.31922, Long: -99.14046 API: 35149217460000

Permits to drill for March 24, 2021

Canadian County RED RIVER 1208 #24-13-1MXH, March 24 2021 24 12N 8W NWSWSWSE API: 01725659 Lat: 35.49440667302092, Long: -97.99815242893578 CAMINO NATURAL RESOURCES LLC SH, DR, 2000 ft, PERMIAN(2000) Custer County SWARTZENDRUBER #3R-27-22-15XHM, March 24 2021 34 14N 14W SENWNENE API: 03922593 Lat: 35.65205337196415, Long: -98.67080382493458 CONTINENTAL RESOURCES INC MU, DR, 29279 ft, MISSISSIPPIAN(12940), WOODFORD(15050) Custer County SWARTZENDRUBER …

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Part of OK Corporation Commission website down for the day

  The Petroleum Storage Tank Division’s portion of the Oklahoma Corporation Commission’s website will be unavailable Thursday, Mar. 25, 2021 from 4:30 p.m. to 6:30 p.m. CST. This will allow the state agency that manages our Information Technology services to make necessary maintenance updates.  During this time, all applications associated with Petroleum Storage Tank Division on the OCC …

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Rebounding crude oil prices help Oklahoma energy stocks

  A stronger gasoline demand across the U.S. not only eased concerns about the global economic recovery from the COVID-19 pandemic but also resulted in a surge in crude oil futures one day after prices took a dramatic fall. West Texas Intermediate crude for May delivery jumped up $3.42 to settle at $61.18 a barrel …

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Mammoth Energy secures 5-year lighting contract

  Oklahoma City-based Mammoth Energy Services, Inc. announced that its wholly owned subsidiary, 5 Star Electric, LLC (“5 Star”), has been awarded a street lighting upgrade contract by a major Midwest investor owned utility. The five-year contract is expected to generate up to approximately $30 million in revenue over the contract term. “The signing of this agreement is significant …

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PSO hands out robotics grants to high schools

  Public Service Company of Oklahoma is awarding robotics grants totaling more than $22,000 to schools in its service areas across the state. The FIRST (For Inspiration and Recognition of Science and Technology) robotics grants program is a nationwide initiative that supports pre-kindergarten through grade 12 student education with an emphasis on STEM: Science, Technology, …

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Can Holly Energy Partners beat its 4Q earnings?

  After reporting a fourth quarter 2020 increase in net income over 2019, Holly Energy Partners, L.P. prepares to release its first quarter 2021 earnings report in May. The Dallas-based company, owner of refineries in Tulsa, Oklahoma and in Kansas, Wyoming and Utah will announce its results for the quarter ending March 31, 2021 on …

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