New Mexico and Texas agreed to work together in regulating oil and gas operations that cross the state lines in the Permian Basin. In some cases, horizontal wells drilled in New Mexico crossed the state line and vice versa reported the Carlsbad Current Argus. Click here for Carlsbad Current Argus
October 2022 archive
$8 billion Cheniere Energy LNG expansion project started in Texas
A formal groundbreaking ceremony was held this week by Cheniere Energy over an $8 billion expansion of its Corpus Christi liquefied natural gas plant. The project won’t be completed until 2025 and the expansion will include seven additional production lines or “trains” reported the Corpus Christi Caller-Times. Click here for Corpus Christi Caller-Times
Cushing crude oil reserves hold steady
A slight gain in the amount of crude oil held at the Cushing oil hub was recorded in the past week according to the U.S. Energy Information Administration. The EIA reported the amount in storage as of September 30 was 26 million barrels of crude oil, a gain of 300,000 barrels over the previous …
Other headlines of energy stories
** OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decision “shortsighted” and accusing the oil cartel of “aligning with Russia.” ** President Biden on Wednesday said he would release 10 million more barrels …
New Mexico congressional candidate changes tune about oil and gas
A Democratic candidate for Congress from New Mexico finds himself in a quandary as election time approaches. Should he stand by his 2018 call for an immediate end to oil and gas production or tell voters, the oil and gas industry is really important to New Mexico? Guess what Gabe Vasquez, a former …
Completion reports for October 5, 2022
GRADY COUNTY Citizen Energy Iii Llc Mississippian(13221): Oil 83 Gas 2008 Water 1422 Flow 30 9N 7W Norpo 1h-25-24, June 01, 2022 HH, GAS, TD: 22338 ft Lat: 35.22091, Long: -97.98670 API: 35051248880000
Permits to drill for October 5, 2022
Alfalfa County PIPER TRUST 33-29-11 #1H, October 05 2022 33 29N 11W SWSESESW API: 00323418 Lat: 36.94277188438081, Long: -98.39345918607495 BCE-MACH LLC HH, DR, 10450 ft, MISSISSIPPIAN(4980) Canadian County LONE WOLF 35_26-12N-8W #1MHX, October 05 2022 35 12N 8W NWSESWSE API: 01725865 Lat: 35.46547678854541, Long: -98.01449260154371 PALOMA OPERATING CO INC MU, DR, 24000 ft, MISSISSIPPIAN(10000) Canadian County LONE …
Regulators to consider OGE request
Oklahoma Corporation Commissioners will meet Thursday morning to consider the annual fuel cost adjustment request for Oklahoma Gas and Electric Company. The hearing concerns Case No. PUD2022-000097 and a recommendation of the Commission’s Public Utilities Division. The meeting starts at 9:30 a.m.
OPEC+ cuts production while crude prices rose and OK energy stocks made gains
Crude oil prices rose again Wednesday in response to the decision by OPEC+ to cut oil production by an amount even larger than many had speculated. The cut by the oil-exporting countries was seen as a move to support sagging oil prices, but it could also deal another blow to a struggling global economy. …
Senators tell Biden it’s time to end his war on oil and gas
Senator James Lankford (R-OK), who serves on the Senate Energy and Natural Resources Committee, joined Senator Bill Cassidy, M.D. (R-LA) to lead a group of Republican senators in demanding the Biden Administration end its assault on domestic oil and gas production and continue to sell oil and gas leases on federal land and water. The …