Aircraft manufacturer Spirit AeroSystems based in Wichita, Kansas but with operations in Oklahoma announced it’s converted to 100% wind-generated electricity at the company headquarters in southern Kansas. The company said it’s the latest move to accelerate its transformation to more environmentally responsible operations. “Harnessing a local renewable and reliable resource dramatically reduces our corporate …
February 2022 archive
Point Energy beefs up management team
Promotions of Point Energy Partners’ management team in the Delaware Basin include individuals who formerly worked for SandRidge Energy and Devon Energy in Oklahoma. Joel Acosta, named senior vice president of operations came from Crescent Consulting where he drilled and operated wells in Oklahoma, Texas and New Mexico. He previously worked at SandRidge Energy, …
OK Senate okays bill targeting abandoned wells in state
The Oklahoma Senate has given unanimous approval to a bill calling for an increase of surety bonds offered by oil and gas exploration firms to cover the cost of plugging abandoned wells in the state. Senate Bill 1368, authored by Sen. Zack Taylor, R-Seminole was approved on a 44-0 vote and sent to the …
Energy Transfer next to build Permian pipeline?
Leaders of Texas-based Energy Transfer LP suggest the firm will likely be the next company to build a pipeline to transport growing amounts of natural gas production from the Permian Basin to export hubs on the Gulf Coast. It’s what Energy Transfer Co-Chief Executive Thomas Long told analysts during a recent conference call. He …
Completion reports for February 17, 2022
PONTOTOC COUNTY Citation Oil & Gas Corporation Various Commingled Formations: Oil 40 Water 1579 Pump 27 2N 7E East Fitts Unit 9-57, January 12, 2022 DH, OIL, TD: 4178 ft Lat: 34.61839, Long: -96.55353 API: 35123238940000
Permits to drill for February 17, 2022
Grady County JESSICA #3-1-12XH, May 24 2019 01 7N 5W NWNENWNW API: 05124644 Lat: 35.1160502271998, Long: -97.68524882190542 BRICKTOWN ENERGY LLC MU, AM, 21017 ft, MISSISSIPPIAN(10260), WOODFORD(10475), MISENER-HUNTON(10650) Kay County DONNIE #1-19, February 17 2022 19 25N 1W W2SESESE API: 07124207 Lat: 36.62363409506146, Long: -97.33815694888344 KODA OPERATING LLC SH, RC, 4584 ft, LAYTON(3270) Mcclain County DOG-STELLA #0604 30-19-18 …
Crude prices fall as interest switches from Ukraine crisis to Iran talks
Since Russia didn’t invade Ukraine this week as some observers had predicted, interest switched to the Biden administration’s resurrection of a nuclear deal with Iran, causing a 2% drop in crude oil prices. Analysts suggests such an Iranian deal, reversing the tough sanctions of the Trump administration might unlock more crude supplies to the …
Supreme Court invites Attorney General to intervene in OGE bond case
The $800 million ratepayer bond case involving 2021 winter storm costs for Oklahoma Gas & Electric took another turn this week—one brought on by the Oklahoma Supreme Court where the matter was challenged by some ratepayers and could now face more delays. The high court on Wednesday filed a one-page order allowing for Oklahoma …
ONE Gas hopes to attract more investors
ONE Gas plans to make an effort to attract more investors when company executives take part later this month in the Morgan Stanley Energy and Power Conference. It will be held Monday, Feb. 28, 2022 in New York City. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial …
No love at the gas pumps this week
Triple A was right this week when it said motorists didn’t find “love” at the pumps—a cute play on words for Valentine’s Day. Unless you drove into a Love’s convenience store. Oklahoma motorists saw a 6-cent jump from a week ago in prices at the pump as the state’s average reached $3.20 a gallon. …
