Chevron, one of the world’s largest energy companies plans to increase its oil production in the Permian Basin. The announcement was in response to crude prices that have lingered more than $100 a barrel over the past several weeks reported the Carlsbad Current-Argus. Click here for Current-Argus
May 2022 archive
Williams leader points out irony of increased fuel oil use in northeast US
The head of Williams Cos. makes a case for expanded natural gas pipeline construction in the U.S., arguing that environmentalists, in their push for renewable energies, are ignoring the facts. It’s what Alan Armstrong, CEO at Williams said in a sit-down interview with Bloomberg. Click here for Bloomberg
Completion reports for May 9, 2022
WOODWARD COUNTY Orca Operating Company Llc Morrow Sand(8008): Gas 2000 Water 650 Flow 1 22N 20W Hill 1-1, December 16, 2021 DH, GAS, TD: 8300 ft Lat: 36.41231, Long: -99.29883 API: 35153236470000
Permits to drill for May 9, 2022
Alfalfa County WILLIAM A #1-33, May 09 2022 33 29N 12W CNENE API: 00323412 Lat: 36.95485927197395, Long: -98.49309198815018 TRANS PACIFIC OIL CORPORATION SH, DR, 5600 ft, DOUGLAS GROUP(4100), KANSAS CITY(4380), OSWEGO 404OSWG 4600 8 SYLVAN DOLO(5365), CHEROKEE GROUP(4750), MISSISSIPPIAN(4900), MISENER(5340), HUNTON(5355) Canadian County DIVIDE CLARK 1406 #2H-21XX, April 15 2022 16 14N 6W NWSWSWSE API: 01725803 Lat: …
Decline in revenue reported by Mammoth Energy
Mammoth Energy Services, Inc. reported a drop in first quarter 2022 revenue and a net loss of nearly $15 million or 32 cents a share. The Oklahoma City company stated it had total revenue of $62.3 million for the three-months that ended March 31 compared to $66.8 million for the same quarter a year …
Plunge in crude prices as worries grow about China’s lockdowns
China’s continued coronavirus lockdowns and worries about the demand outlook sent crude prices tumbling nearly 6% on Monday. Oklahoma energy stocks felt the blow too. West Texas Intermediate crude dropped 6.1% or $6.68 to settle at $103.09 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude fell 5.7% or $6.45 to …
Mullin, Baird advocate for interests of rural broadband providers
Congressman Markwayne Mullin (OK-02) and Congressman Jim Baird (IN-04) led 16 bipartisan colleagues in sending a letter to the Federal Communications Commission (FCC), urging the Commission to examine the feasibility of collecting Universal Service Fund (USF) contributions from large internet edge providers. Mullin was joined by Oklahoma Reps. Kevin Hern and Tom Cole in …
Congressional hearings to focus on energy
Energy issues on Capitol Hill this week will result in congressional hearings featuring some Oklahoma congressmen. U.S. Sen. Jim Inhofe and others on the Senate Environment and Public Works Committee will hear from White House Council on Environmental Quality’s Brenda Mallory to discuss the council’s work in the past year. The oversight hearing will …
Annual meeting of OGE shareholders to be held this month
The annual meeting of shareholders of OG&E Energy Corp. will be held virtually over the internet on Thursday, May 19. The company announced this week the meeting will begin at 10 a.m. and also revealed the agenda: Elect 9 members of the board of directors 2. Ratify the appointment of Ernst & Young LLP as …
Oklahoma’s rural broadband to be expanded under new law
Oklahoma Gov. Kevin Stitt signed a bill to boost rural broadband connectivity in the state. He put his name to a bill that takes effect immediately reported KOKH News. Click here for KOKH News