A slight increase on Thursday left crude oil prices at their highest mark in three years and brought Oklahoma energy stocks along for the ride with slight gains. West Texas Intermediate crude for August delivery, considered to be the U.S. benchmark rose 22 cents and finished the day at $73.30 a barrel in trading …
June 2021 archive
Anadarko Basin sees major jump in rig activity
Austin, Texas-based Enverus Rig Analytics reported an increase this week in the nation’s rig count with a significant jump in rig activity in Oklahoma and other Anadarko Basin states. It reported the total increased by 8 over the past week to 534 as of June 23 reflecting a 3% increase in the past month …
Hamm warns US cannot afford to shut down shale oil operations
Are $100 a barrel oil prices realistic? Continental Resources Executive chairman Harold Hamm in Oklahoma City says they are possible. “Is it possible? Sure it’s possible,” he told Maria Bartiromo during a Thursday morning interview on Fox Business News. In the same interview he said the world cannot allow China and India to continue …
Appeals court stands by Williams in Kansas lawsuit
A Federal Appeals Court has upheld a lower court ruling in support of Tulsa-based Williams Cos. which was accused of engaging in illegal natural gas price-setting practices 16 years ago in Kansas. The 10th U.S. Circuit Court of Appeals issued its ruling in a lawsuit brought by then-known Farmland Industries which accused Williams of …
Most U.S. wind capacity built since 2011 is located in the center of the country
The growth of wind farms in Oklahoma goes hand in hand with the rest of the central part of the country according to a new report from the U.S. Energy Information Administration. The EIA reported this week that wind capacity in the United States has increased significantly over the past decade, from 40.1 gigawatts …
Boil order lifted at Guthrie tavern’s water system
A state agency has given the all-clear for a water system located in Guthrie. The Oklahoma Department of Environmental Quality announced the boil order for the Rock A Way Tavern water system has been lifted, stating that the water is now safe for human consumption. Last week’s order to boil water was issued …
Interior leader says no plan ‘right now’ to ban new oil, gas leasing
Interior Secretary Deb Haaland went before a House Committee she once served on and told members the Biden administration does not have plans to permanently ban new drilling leases on public lands and waters. If her claim holds true, it could have a big impact on Oklahoma energy companies that explore on public lands. …
New Mexico’s oil and gas industry recovering
New Mexico, where some Oklahoma-based energy firms are active in Permian Basin drilling is reported to be rebounding from the coronavirus pandemic that hit the oil and gas industry last year according to oil firm officials who testified before a legislative committee. The rebound in the industry is occurring despite the Biden administration’s freeze …
Energy news in brief
** The world’s publicly traded independent oil producers will make record profits this year, surpassing the levels reached when crude hit an all-time high near $150 a barrel more than a decade ago, according to Rystad Energy. ** Tesla’s Model 3 tops a list of “most American-made” vehicles for 2021, marking the first time an electric vehicle …
400% increase in frack crews not enough to boost output
Primary Vision Inc., a firm that tracks data on frack crews says a 400% increase in the number of fracking crews working in the nation still isn’t enough to boost oil output to soaring levels. After an 85% tumble in the number of crews completing wells during the depths of the pandemic, the figure has …