The Federal Energy Regulatory Commission remains deadlocked on Duke Energy’s proposed Southeast Energy Exchange Market which includes parts of Oklahoma and 10 other states. But the market is being allowed to start operations because FERC could not decide whether to reject the plan or approve it reported the Charlotte Business Journal. Click here for …
October 2021 archive
$2.8 billion gas plant proposed for North Dakota
A Canadian energy company wants to build North Dakota’s first factory designed to turn natural gas into liquid fuels. It is a proposed $2.8 billion project that could go a long way in reducing the amount of natural gas flared in the state. The Associated Press reported the state approved a $3 million loan …
Completion reports for October 14, 2021
completions: none were processed today
Permits to drill for October 14, 2021
Grady County NELDA #1-4X33H, October 14 2021 04 4N 6W SESESWSW API: 05124875 Lat: 34.84192899185477, Long: -97.84053607747109 GULFPORT MIDCON LLC MU, DR, 25513 ft, SYCAMORE(15005), WOODFORD(15387), HUNTON(15684) Lincoln County DART #1-31 HP, October 14 2021 32 14N 5E SWSWSWSW API: 08124321 Lat: 35.63763437772696, Long: -96.80408412039084 PRAIRIE GAS COMPANY OF OKLAHOMA HH, DR, 8847 ft, PRUE(3514) Logan County …
US crude prices reach 7-year high
As the International Energy Agency predicts increased oil demand by 2022, oil prices responded Thursday with a 1% increase. It also came after Saudi Arabia dismissed calls for more OPEC+ supply. West Texas Intermediate crude for November delivery rose 87 cents to settle at $81.31 a barrel, another seven-year closing high. Global benchmark Brent …
OKC’s Oil and Gas Expo another success!
After 2020 and the COVID-19 impact, this year’s SOER Oil and Gas Expo at the state fairgrounds in Oklahoma City proved to be well attended. It was the 24th event sponsored by SOER and the OERB and for some first-time visitors, they were surprised at the nearly 180 exhibitors and what they presented at …
OK Secretary of State says Biden’s energy policies are only hurting consumers
On the day President Biden asked energy companies to lower their prices, one Oklahoma leader was critical of the administration for its anti-oil and gas policies. “There’s consequences for the actions of the Biden administration,” said Secretary of State Brian Bingman in an interview with reporters after he spoke at the SOER Oil and …
Higher natural gas prices expected through the winter
U.S. natural gas prices likely to remain elevated through the winter. That’s the headline in the announcement from the U.S. Energy Information Administration and for natural gas users in Oklahoma and other states where the winter will be cold as usual, it isn’t the best of news. In short, if you use natural gas …
ONE Gas sees emissions reduction by 2025
ONE Gas released its 2021 Environmental, Social and Governance (ESG) report, one that projects a 41% reduction in the firm’s CO2 emissions by 2025. It outlines the company’s progress toward its commitment to helping achieve a cleaner energy future, while fostering a safe and inclusive workplace built on a solid foundation of core values. “We are confident …
North Dakota oil production increased slightly in August
Crude oil production in North Dakota saw only a 2.8% increase from July to August according to some of the newest data released by the state’s Oil and Gas Division. The Bismarck Tribune reported the oil output for August was 1.107 million barrels a day. Click here for Bismarck Tribune article.