Oklahoma’s Garvin County is the site of four new wells including three from a single pad with production of more than 1,800 barrels of oil a day. The three wells were drilled by Marathon Oil Company of Houston at 15 3N 4W, a site near the community of Purdy. The largest producer, the Eubank 0304 4-10-3wxh, had …
August 10, 2022 archive
Other energy headlines
** A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. ** The landmark climate legislation passed by …
Climate change bill targets oil and gas industry’s methane emissions
Depending on how one views the landmark climate legislation that cleared the U.S. Senate this week, it contains either a loophole or an escape mechanism for oil and gas firms when it comes to being forced to have lower emissions rate for methane. The legislation was aimed against the oil and gas industry, imposing …
Oil and gas group challenges new pollution law in New Mexico
The Independent Petroleum Association of New Mexico has gone to court challenging its state’s regulatory efforts to limit air pollution from the oil and gas industry. The Carlsbad Current-Argus reported an appeal was filed with the New Mexico Court of Appeals and legal arguments could be held within a month. Click here for Carlsbad …
ONEOK Announces $414 Million in Net Income for 2Q 2022
Tulsa-based ONEOK, Inc. announced its second quarter 2022 financial results showing an increase of 21 percent in net income. The company said its net income for the quarter was $414.4 million or 92 cents a share while adjusted EBITDA was $886.0 million, up 11 percent, according to a company press release. “ONEOK’s second quarter earnings …
OK Aeronautics Commission to Meet on Wednesday Morning
The Oklahoma Aeronautics Commission will meet on Wednesday morning at 10:00 a.m. to discuss several matters on the docket including: Five-year airport construction grant program involving the replacement of automated weather system packages at Ada Regional Airport; Alva Regional Airport; and Fairview Municipal Airport; Aerospace and aviation education grant programs at more than 29 technology, …
FEMA Announces $6 Million Available for Homeland Security National Training Program
The Federal Emergency Management Agency (FEMA) announced the release of its notice for $6 million available in competitive funding as part of the Fiscal Year 2022 Homeland Security National Training Program Continuing Training Grants. Grant money will be available to applicants through a competitive process to help improve the nation’s ability to respond to and …
Scout Clean Energy Sells Western OK Wind Farm for $250 Million to Evergy
Colorado-based Scout Clean Energy, a renewable energy developer-owner-operator, and its joint venture partner Elawan Energy, a global operator in the renewable energy industry, announced they have completed the sale of the 199-megawatt (MW) Persimmon Creek Wind Farm (Persimmon) in western Oklahoma to Evergy, Inc. for approximately $250 million. “The Persimmon Creek Wind Farm has been …
Lankford Provides Energy Issues Update
In his recent newsletter issued on Tuesday, Oklahoma Sen. James Lankford updated constituents on many issues involving the energy industry. Some of these relevant issues include: Inflation Reduction Act Lankford revealed the Senate voted on the 750+ page bill for more than 24 hours this past Saturday and Sunday. He denounced the $750 billion bill …
NOAA Releases Hurricane Season Outlook Update
The National Oceanic and Atmospheric Administration’s National Weather Service Climate Prediction Center division released its update to the 2022 Atlantic hurricane season. NOAA forecasters have slightly decreased the likelihood of an above-normal Atlantic hurricane season to 60%, down from the May outlook which predicted a 65% chance. The likelihood of near-normal activity has risen to 30% …
