May 2021 archive

EPA to determine next steps after inaccessible contaminated soil found near tanker spill

  The EPA now says it found some contaminated soil that is inaccessible at the site of a gasoline tanker crash outside the city of Lyons, Colorado. To dig up the contaminated soil would mean rebuilding of highway U.S. 36 where the semi tanker carrying 8,500 gallons of gasoline crashed last week. Click here for …

Continue reading »

Microchip shortage leaves new trucks parked nationwide

  The microchip shortage is hitting the auto industry hard. Witness what has happened at auto manufacturing plants across the country and it might explain if there’s a shortage of new pickup trucks at Oklahoma auto dealers. Thousands of pickup trucks sit idle in massive parking lots awaiting modules before they can be shipped to …

Continue reading »

Growing squeeze on helium supplies

  The National Helium Reserve located near Amarillo, Texas along with the natural gas fields in the Oklahoma Panhandle and near Hugoton, Kansas could become critical in a growing squeeze on the supply of helium.   The squeeze brings in the country’s big tech companies that rely heavily on helium. It could come to a …

Continue reading »

Army Corps of Engineers says Dakota Access oil pipeline to stay open during review

    The U.S. Army Corps of Engineers repeated its stand this week that the Dakota Access oil pipeline should remain open while it carries out an extensive environmental review. The Corps’ stance is in direct opposition to the arguments of the Standing Rock Sioux and other Native American tribes that filed for an injunction …

Continue reading »

ONE Gas saw increased net income in 1Q 2021

  ONE Gas, Inc. reported an increase in net income for the first quarter 2021 totaling $95.6 million or $1.79 per diluted share. The income compared to $91.7 million or $1.72 per diluted share for the first quarter of 2020. The company cited colder weather in the first quarter of 2021 when actual heating degree …

Continue reading »

Diamondback Energy unloads Bakken assets in $745 million sale

  Two Texas energy companies swapped holdings of assets in the Bakken in a nearly $745 million deal. Diamondback Energy Corp. agreed Monday to sell some of the Bakken assets it acquired earlier in the year through a nearly $2.2 billion all-stock acquisition of QEP Resources. The buyer is Oasis Petroleum, a Houston-based firm that …

Continue reading »

US crude prices increased in Monday’s trading and OK energy stocks gained

    Crude oil prices bounced back in Monday’s trading and finished the day at nearly $65 a barrel in the US but European prices took a tumble. West Texas Intermediate crude for June delivery went up 91 cents to wrap up at $64.49 a barrel on the New York Mercantile Exchange. Global benchmark Brent …

Continue reading »

Completion reports for May 3, 2021

completions: none were processed today

Permits to drill for May 3, 2021

Carter County SW WILDCAT JIM DEESE UNIT #13-1, May 03 2021 12 2S 3W W2NESENE API: 01924251 Lat: 34.40071649539551, Long: -97.45920310005147 MACK ENERGY CO SH, RE, 4400 ft, DEESE(2849) Grady County NELDA #5-4X33H, April 30 2021 04 4N 6W SWSESWSE API: 05124824 Lat: 34.84214868565758, Long: -97.83251185918209 GULFPORT MIDCON LLC MU, DR, 25170 ft, SYCAMORE(14758), WOODFORD(15103), HUNTON(15354)

Texas could follow Oklahoma in EV tax

  Texas lawmakers want to make sure Electric Vehicle owners pay their fair share of highway improvements in the state. A bill is working its way through the legislature to create a special fee on EVs. A bill by House Transportation Committee chairman Terry Canales would impose a $100 yearly fee on EVs according to …

Continue reading »