October 2021 archive

OK DOT to meet Nov. 1

  The Oklahoma Transportation Commission meets Monday where members will get a briefing on budget talks on Capitol Hill and how the Democrats spending plan might affect highway and bridge construction in the state. The 11 a.m. meeting will include the briefing from Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz. …

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Gas line leak repaired in Oklahoma

  Details remain sketchy but a Northern Natural Gas pipeline leak Oct. 22 in Oklahoma is described as one of the worst emission releases seen in the U.S. this year. Bloomberg reported the pipeline operator, owned by Warren Buffett’s Berkshire Hathaway Energy spewed a powerful plume of greenhouse gas. Northern Natural Gas said it happened …

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Crude prices made steady progress on Friday

  Analysts and investors await Monday’s trading activity to see if crude prices will maintain their increase this week. On Friday, prices settled up on expectation that OPEC+ will maintain its production cuts. West Texas Intermediate crude for December delivery rose Friday by 76 cents or nearly 1% to finish at $83.57 a barrel on …

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Rig count grows nationally but remains unchanged in many states

  Oklahoma’s rig count was unchanged in the past week, remaining at 43 while nationally, the number increased slightly, an indication that drilling has not seen a marked step-up in recent weeks. Baker Hughes reported the national count increased by 2 to 544 as the number of oil rigs grew by one to 444 and …

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Simmons: Methane tax threatens Oklahoma consumers

  Petroleum Alliance of Oklahoma President Brook A. Simmons issued the following statement following Thursday’s inclusion of a methane tax in a draft social and climate spending plan released by the U.S. House of Representatives: Oklahoma consumers have long enjoyed some of the lowest energy costs in the nation thanks to our proximity to oil …

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Denver oilfield giant buys a fracking supplier for $90 million

  Business was so good for Denver-based Liberty Oilfield Services Inc. in the past several months, it not only reported a 12% in third quarter revenue but also the firm’s acquisition of PropX, a provider of proppant delivery equipment, logistics and software solutions. The $90 million deal makes Liberty the second-largest providing oil and natural gas …

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Why Alliance Resource is doing so well

  While the Biden administration has pressured more and more corporations to fight the use of coal and oil and gas, guess what’s been happening? Expanded use of coal and yes, oil and gas. As for the coal industry, there’s no wonder why Tulsa-based Alliance Resource Partners LP is doing so well. The company just …

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Dwindling crude supplies at Cushing still in the spotlight

   As we’ve been reporting, the amount of crude oil stored at the Cushing Hub continues to drop and also to worry some observers and analysts. OilPrice.com joined the list of observers noting how the amount of crude held in the massive tank farm affected the markets and continues to do so. Click here for …

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Four STACK wells finished by Hinkle Oil and Gas

  Oklahoma City’s Hinkle Oil & Gas Inc. reports recent completion of four adjacent STACK wells drilled on adjacent sections in Kingfisher County with combined production of more than 1,300 barrels of oil a day. The four Lincoln Southeast Oswego Unit wells are located about 8 miles west of Crescent close to the Cimarron River. …

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Completion reports for October 29, 2021

KINGFISHER COUNTY Hinkle Oil & Gas Inc Oswego(6100): Oil 322 Gas 1017 Water 3423 Pump 21 17N 5W Lincoln Southeast Oswego Unit 56-4ho, August 15, 2021 HH, OIL, TD: 11223 ft Lat: 35.92780, Long: -97.74206 API: 35073267650000 Hinkle Oil & Gas Inc Oswego(6215): Oil 264 Gas 118 Water 2872 Pump 17 17N 5W Lincoln Southeast Oswego Unit 50-3ho, September 13, 2021 HH, OIL, TD: 11849 ft …

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