March 2021 archive

Cypress Environmental 4Q results show “worst year in company history”

  Cypress Environmental Partners, L.P. unveiled its fourth quarter financial earnings showing a 59% drop compared to a year earlier and admitted 2020 was the worst year in the company’s history. The financial results for the three months ended Dec. 31, 2020 showed a net loss to common unitholders of $1.9 million while the fourth …

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Rep. Lucas wants to double scientific research investment in US

  Oklahoma Congressman Frank Lucas says it’s time the U.S. invested more money in basic scientific and technology research if it is to overcome the efforts of China and other countries. He is the ranking member of the House Committee on Science, Space and Technology and introduced legislation this week to double funding for the …

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Energy news in brief

** San Antonio’s municipal electric utility sues 16 natural gas companies over high prices during last month’s winter storm, which in one case included a 15,000% price increase. ** Sens. Marco Rubio (R-Fla.) and Jeff Merkley (D-Ore.) are calling for answers from the Solar Energy Industries Association on the link between the U.S. solar supply chain and the alleged human rights abuses …

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Devon Energy part of virtual meeting with White House officials

Oklahoma City’s Devon Energy was among the major oil companies that met virtually this week with Gina McCarthy, President Biden’s senior domestic climate official who claimed the Biden administration is not at war with the oil and gas industry. The meeting included CEOs and top officials from other companies such as Chevron, Exxon, Occident and …

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OKC’s Circle K stores bought by Casey’s General Stores

  In a $39 million deal, Casey’s General Stores is buying all 49 Circle K stores in Oklahoma City. Casey’s, based in Iowa has eight existing stores in the metro area and one each in Perkins and Seminole. The Oklahoman reported the purchase is set to close July 31. Click here for The Oklahoman report.

First lawsuits in Texas are filed over storm gas costs

  The first lawsuits protesting exorbitant gas prices during February’s historic deep freeze in Texas have begun. Bloomberg reported that CPS Energy, a Texas utility, is suing energy giants including BP Energy Co., Chevron Corp. and Energy Transfer. CPS supplies over 1.1 million customers in the San Antonio area with power and gas, and is …

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Energy companies start their own COVID-19 vaccination programs

  As Oklahoma and other states open up their COVID-19 vaccine eligibility to all persons 16 and older, some U.S. energy companies joined the movement by creating employee vaccination programs. Reuters reported that some firms have set up on-site clinics to offer their employees time off to get the shot. Click here for Reuters report.

Dems suddenly quiet over battery plant

  The politics of a battery plant in Georgia where 2,600 jobs are at stake are coming home to roost for the Democrats who campaigned on climate change and the need for development of electric vehicles. With the possibility that Georgia could lose the thousands of jobs, Democrats are suddenly quiet as reported by HuffPost. …

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Completion reports for March 23, 2021

GARVIN COUNTY Bays Exploration Inc Hunton(6970): Oil 12 Gas 70 Water 23 Pump Hunton(6970): Oil 2 Gas 10 Pump 36 1N 1E Tammy 1, May 08, 2018 DH, OIL, TD: 9866 ft Lat: 34.50894, Long: -97.14293 API: 35049245720001 MURRAY COUNTY Bays Exploration Inc Hunton(6743): Oil 22 Gas 41 Water 34 Pump Hunton(6743): Oil 2 Gas 14 Pump 1 1S 1E Kropf 1, May 31, 2018 SH, OIL, TD: 8725 ft Lat: 34.50117, …

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Permits to drill for March 23, 2021

Carter County NAYLOR #1-11H2X35, January 15 2019 11 4S 2E SWNWNWNE API: 01926313 Lat: 34.229382525328646, Long: -97.06326360465971 XTO ENERGY INC MU, AM, 25500 ft, SYCAMORE(14421), WOODFORD(14780), HUNTON(15121) Grady County CUNNINGHAM #2-32-5XHW, March 04 2020 32 7N 6W NESWNWNW API: 05124769 Lat: 35.04191742840479, Long: -97.8630260469988 CONTINENTAL RESOURCES INC MU, AM, 22972 ft, MISSISSIPPIAN(13773), MISSISSIPPI LIME(13992), WOODFORD(14214) Grady County …

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