Oklahoma congressman Markwayne Mullin lashed out again at the Biden administration’s energy policies, this time attacking the President’s emphasis on electric vehicle production. Writing in his latest “Mullin it Over” column to voters, the Republican Representative, who’s in a runoff for the GOP U.S. Senate nomination said Biden has overlooked a key ingredient in …
July 2022 archive
Texas pipeline worries ranchers and landowners
Some Texas landowners say they’ll put up a fight against a nearly 500-mile natural gas pipeline proposed to carry product from West Texas to Houston. The 490-mile line will make up the Matterhorn Express, which has yet to be built but is expected to be completed by 2024. Ranchers in Central Texas vow a …
Dems want state’s $700 million of incentive funds redirected
In the wake of losing a $4 billion Panasonic battery plant location to Kansas, Democrats in the Oklahoma legislature want the state’s nearly $700 million incentive funds to be spent on providing inflation relief to Oklahoma and on education. It’s what House Minority Leader Emily Virgin said after the state failed to land the …
Canoo to provide EVs for NASA and the Army
The future for struggling EV maker Canoo and its ability to move forward with construction of an announced EV manufacturing plant in Pryor, Oklahoma might be stronger. As OK Energy Today reported last week, Canoo gained a huge contract to supply 10,000 electric delivery vans for Walmart. But in recent days, the company was …
Winter storm payback for consumers will be higher than expected
Consumers will be hit with a 57% increase in their monthly payments promised for those ratepayer-backed bonds used by Oklahoma Gas and Electric to pay for its extreme 2021 Winter Storm Uri costs. The $761 million in bonds were recently sold by the Oklahoma Development Authority and instead of the 2.5% average interest as …
Permits to drill for July 15, 2022
Carter County HEWITT UNIT #23-5802, June 14 2022 23 4S 2W NWSESWSW API: 01926493 Lat: 34.18841589045236, Long: -97.38431438240791 XTO ENERGY INC SH, AM, 4790 ft, PONTOTOC(680), HOXBAR(2090), DEESE(3390) Carter County HEWITT UNIT #21-0303, June 13 2022 21 4S 2W SWNENWNE API: 01926488 Lat: 34.20031288459348, Long: -97.41135509179172 XTO ENERGY INC SH, AM, 3300 ft, PONTOTOC(1100), HOXBAR(1873), DEESE(2758) Carter …
Completion reports for July 15, 2022
LOVE COUNTY L E Jones Operating Inc Deese (taylor): Oil 22 Pump 28 7S 2W North Leon Unit 12-4, February 28, 2022 SH, OIL, TD: 7300 ft Lat: 33.91309, Long: -97.42131 API: 35085213280000 MARSHALL COUNTY Xto Energy Inc Woodford(6304): Oil 2 Gas 105 Water 11 Gas Lift 6 6S 7E Luna 1-6h, March 09, 2022 HH, GAS, TD: 10805 ft Lat: 34.06258, Long: -96.62109 …
Still other energy headlines
** President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled meeting of producers next month, people familiar with the matter said. ** Sen. Joe Manchin’s decision to come out against the Democrats’ plan for solar and wind industry incentives not only killed the Biden …
Rig numbers in Oklahoma and U.S. grew
The latest Baker Hughes rig count released Friday showed Oklahoma with a gain of 3 to reach a total of 63 working rigs. Numbers also increased nationally by 4 to a total of 756. The U.S. gain included 2 oil rigs to reach 599 while the number of gas-drilling rigs was flat at 153. …
Global crude oil rose as Biden talks with Saudis about increased oil production
As President Biden met with Saudi Arabian leaders to discuss his request to increase oil production and lower U.S. gasoline prices on Friday, global prices rose while those back in the states dropped. Global benchmark Brent crude for September delivery rose $2.06 and closed back up over $100 at $101.16 a barrel on ICE …