A report by a Santa Fe newspaper says Los Alamos National Laboratory has identified 45 barrels of radioactive waste so potentially explosive — due to being mixed with incompatible chemicals — that crews have been told not to move them and instead block off the area around the containers. The report by the Santa …
August 2021 archive
Energy Transfer earnings increased in 2Q
Energy Transfer’s new intrastate pipeline that transports crude from the Denver-Julesburg Basin in Colorado and the Cushing hub in Oklahoma to a Texas terminal is credited with helping increase the firm’s quarterly net income. The Cushing to Nederland expansion project was activated in June and uses a crude oil pipeline that previously serviced the …
Why isn’t Chesapeake Energy’s recovery stronger?
An examination of Chesapeake Energy and its slow recovery after emerging from bankruptcy earlier in the year points to executive departures and changes in the direction of the Oklahoma City company. Reuters reported this week that the company’s recovery is slower compared to other firms that endured the same kind of bankruptcy. “Investor confidence …
Completion reports for August 3, 2021
CRAIG COUNTY Neok Production Company Llc Arbuckle(958): Oil 5 Water 5 Pump 20 27N 19E Fred Hartley 24-20d, May 26, 2021 SH, OIL, TD: 965 ft Lat: 36.80129, Long: -95.30066 API: 35035215730000 GRADY COUNTY Travis Peak Resources Llc Mississippian: Oil 80.16 Gas 815 Water 2353 Flow 5 8N 6W King 32_29-9n-6w 2mhx, June 01, 2021 HH, OIL, TD: 22834 ft Lat: 35.20273, Long: -97.85850 API: 35051248110002
Permits to drill for August 3, 2021
Canadian County ELMENHORST 1-12-11N-7W #2MHX, August 03 2021 36 12N 7W SESESWSW API: 01725695 Lat: 35.465224286292276, Long: -97.89722510935411 TRAVIS PEAK RESOURCES LLC MU, DR, 18000 ft, MISSISSIPPI LIME(9220) Canadian County ELMENHORST 1-12-11N-7W #3MHX, August 03 2021 36 12N 7W SESESWSW API: 01725696 Lat: 35.465227035922425, Long: -97.89729226921719 TRAVIS PEAK RESOURCES LLC MU, DR, 18000 ft, MISSISSIPPI LIME(9280) Carter …
Lankford Pushes Nominee on Congress’ Authority to Make Laws in Light of Increasingly Activist, Progressive Biden Nominees
Oklahoma U.S. Sen. James Lankford pushed a Biden nominee Tuesday on the subject of whether federal agencies or congress have the power to make law. It came during a Senate Energy and Natural Resources Committee hearing to consider nominations for the Department’s of Energy and Interior. Lankford, obviously disturbed over activists nominated by Biden …
Despite fallen crude oil prices, energy stocks made gains
Growing concerns about cases of the Delta coronavirus variant sent crude oil prices lower in Tuesday’s trading while energy stocks made gains. West Texas Intermediate crude dropped 70 cents or 0.98% to finish the day at $70.56 a barrel. Global benchmark Brent crude finished the day down 48 cents or 0.66% at $72.41 a …
Corporation Commissioners to meet Thursday
Oklahoma Corporation Commissioners plan a regular meeting Thursday morning at the state capitol. Their meeting will get underway at 9:30 a.m. in the usual meeting room on the third floor of the Jim Thorpe Office building. As the agenda indicated, the commission will review its daily signing agenda docket and votes might be taken …
Increased oil production and cash for Devon in 2Q
Devon Energy on Tuesday reported that its second quarter earnings were so strong, the company’s board of directors approved a 49 cent a share dividend, a 44% increase over the previous quarter. How strong? How about $1.5 billion cash on hand after its operations. It came as Devon not only increased oil and gas …
Jump in revenue reported by ONEOK
Higher second quarter earnings were reported Tuesday by ONEOK, Inc. which said its net income of $342.1 million resulted in 77-cents per diluted share toping analysts predictions by 3 cents. The Tulsa-based firm’s net income was more than double the $134.3 million reported a year earlier. The company had a 50% increase in adjusted …