A new government forecast says oil output will increase to record levels in the Permian Basin in Texas and New Mexico while production will also grow in Oklahoma’s Anadarko Basin. In its Productivity Report this week, the U.S. Energy Information Administration said the Permian Basin will see its production in June rise 88,000 barrels …
May 2022 archive
US and World energy headlines
** A federal study concludes that distributed wind capacity could meet more than half of the country’s current annual electricity use. ** Baker Hughes announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 10, 2022 to holders of record on May 31, 2022. ** An Arkansas court issues a ruling generally …
Kinder Morgan plans to transport more natural gas out of Permian
Another effort was announced this week to move more natural gas out of the Permian Shale basin with the announcement by Kinder Morgan. The firm said it planned to expand the Gulf Coast Express pipeline. Click here for Reuters
Completion reports for May 17, 2022
BLAINE COUNTY Continental Resources Inc Mississippian(12382): Oil 270 Gas 13678 Water 247 Flow 35 15N 13W Tres C Fiu 2-35-2xhm, January 28, 2022 HH, GAS, TD: 22407 ft Lat: 35.73898, Long: -98.55050 API: 35011242780000 Continental Resources Inc Mississippian(12501): Oil 127 Gas 9897 Water 238 Flow 35 15N 13W Tres C Federal 3-35-2xhm, January 08, 2022 HH, GAS, TD: 21987 ft Lat: 35.73893, Long: -98.56010 API: 35011242790000 Continental …
Permits to drill for May 17, 2022
Blaine County ALTA BIA 1511 #2-31-30MXH, May 06 2022 19 15N 11W SWSWSWSE API: 01124317 Lat: 35.75486113979787, Long: -98.40988437517477 MARATHON OIL COMPANY HH, AM, 22396 ft, MISSISSIPPI(11721) Blaine County ALTA BIA 1511 #3-31-30MXH, May 06 2022 19 15N 11W SWSWSWSE API: 01124318 Lat: 35.75479246283974, Long: -98.40988436838721 MARATHON OIL COMPANY HH, AM, 22362 ft, MISSISSIPPI(11787) Grady County DAVIS …
Crude oil slipped Tuesday while OK energy stocks had another strong showing
While U.S. Senators used a hearing with Canadian officials to point out how the Biden administration intends to buy oil from U.S. enemies rather than from Canada, the Biden administration began easing sanctions on Venezuela. As a result, crude oil prices dropped in Tuesday’s trading. Reports indicated the easing of sanctions is being carried …
Canadian officials tell Senators–Keystone XL was needed
President Biden’s cancellation of the Keystone XL pipeline came up Tuesday during a U.S. Senate hearing that featured Canadian officials who said, yes, the cancellation worsened supply chain issues between the two countries. Sen. James Lankford was among those on the Senate Energy and Resources Committee who took part in the hearing that was …
Sooners are named national champs in geothermal competition
We’re not sure if it includes a banner to hang somewhere on campus, but the OU Sooners are national champs again. The University of Oklahoma won the U.S. Department of Energy 2022 Geothermal Collegiate Competition, an annual event that prepares students to lead the next generation of geothermal energy development. The Sooners Geothermal Team walked off with $10,000 …
Appeals court sets arguments date in Oklahoma lawsuit over social cost of carbon metric
Arguments in the 2021 lawsuit brought by Oklahoma and 12 other states challenging the Biden administration’s social cost of carbon metric will be heard in June before the U.S. Court of Appeals for the 8th Circuit. The court in St. Louis will hear arguments June 16 after a federal judge ruled last year against …
Governors plead for Biden administration to help ailing solar industry
The governors of Kansas, Missouri, Arkansas, Colorado and New Mexico were among 19 governors who voiced their criticism to President Biden this week about the growing government investigation into the Asian solar production market. In a letter to the White House, the governors told the President, “The current market disruption jeopardizes much of the …
