Crude oil prices rose more than $1 a barrel in Thursday’s trading as investors eased their concerns about a U.S. recession and showed optimism because of record U.S. crude exports. The U.S. benchmark, West Texas Intermediate crude for December delivery gained $1.17 or 1.3% to settle at $89.08 a barrel on the New York …
October 27, 2022 archive
Rig growth reported in Anadarko Basin and rest of US
The latest rig report by Enverus Foundations showed an increase in rig activity in the Anadarko Basin. The report showed a gain of three rigs in the past week to a total of 83. Nationwide, Enverus reported the U.S. rig count rose by 11 in the last week to a total of 894 as …
GOP House Committee members launch probe of Biden’s oil sales
President Biden’s growing use of selling oil from the nation’s Strategic Petroleum Reserve has been blasted by Oklahoma’s congressional delegation but now Republicans on the House Committee on Oversight and Reform have launched their own investigation into what they call “potential misuse” by President Biden of the Strategic Petroleum Reserve. They’re not waiting to see …
Fort Collins, Colorado considers oil and gas drilling ban
The City of Fort Collins, Colorado is considering new oil and gas drilling restrictions that would put the city off limits to exploration. Current regulations left about 3% of city land available to drilling but proposed changes presented this week to city council members reduced it to 0% according to the Coloradoan. Click here …
World’s largest carbon capture plant to be built in Permian Basin
Reports indicate Occidental Petroleum and a Canadian startup are planning to build the world’s largest carbon capture plant in the Permian Basin. Occidental and Carbon Engineering Ltd. say they are working on a site in the Basin for a plan that will draw down 500,000 tons of carbon dioxide a year. Occidental CEO Vicki …
Permits to drill for October 26, 2022
None filed
Completion reports for October 26, 2022
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Investor’s day at Phillips 66
Phillips 66 is planning an “investor day” next month. It’ll be held in New York City on Nov. 9 of this year. Executive management will provide an update on the company’s strategic initiatives starting at 7:30 a.m. central time. The company also plans to offer a live webcast of the meeting, available at its …
FERC claims Texas power grid is as vulnerable as it was in 2021
Federal energy regulators are expressing concerns that the Texas electricity grid is no stronger or better than when it nearly collapsed in the February 2021 winter storm, the same storm that battered Oklahoma and left thousands wondering about their own electric suppliers. A report issued by the Federal Energy Regulatory Commission contended the electricity …
Pundits mock VP Harris over her “love” of yellow school buses
The latest mockery of Vice President Kamala Harris stems from her announced Wednesday of $1 billion in federal grants for electric school buses, an announcement that included $26 million for 18 school districts in Oklahoma. Mocked for what? “”Who doesn’t love a yellow school bus, right? Can you raise your hand if you love …
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