November 17, 2022 archive

Completion reports for November 17, 2022

completions: none were processed today

Permits to drill for November 17, 2022

permits: none were processed today

Another fall for crude oil prices and for Oklahoma energy stocks

  Crude oil prices suffered another drop in Thursday’s trading as they fell more than 3%. Observers blamed growing COVID-19 cases in China along with increased concern that U.S. interest rates will be raised again. West Texas Intermediate crude for December delivery plunged $3.95 a barrel or nearly 5% to settle at $81.64 on the …

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Wyoming Senator blasts Biden’s latest energy department nominees

  Wyoming U.S. Sen. John Barrasso made it clear Thursday he doesn’t like President Biden’s latest energy nominees. During a hearing of the Senate Committee on Energy and Natural Resources, a committee which also includes Sen. James Lankford of Oklahoma, Sen. Barrasso was particularly opposed to the nomination of David Crane to be secretary of …

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PSO wants state approval of $2.5 billion solar and wind power projects

  Public Service Company of Oklahoma on Thursday asked the Oklahoma Corporation Commission for approval of its  nearly $2.5 billion fuel-free power plan to purchase three new wind farms and three new solar facilities. The company said the proposed plan will help meet projected power needs while protecting customers from volatility in energy costs driven by high natural …

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Nation’s rig count tumbles on major drop in Permian Basin

  Enverus reported a drop of 18 rigs in its weekly rig count, explaining most of it was due to a big decline in the number of rigs drilling in the Permian Basin. The national count fell to 868 for the week ended Nov. 16 reported Enverus on Thursday. It explained the count is down …

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Water to be a key topic for Kansas Gov. Laura Kelly

  Kansas Gov. Laura Kelly pledged this week that protecting the state’s water supply will be a top priority of her administration as she stays in office for another four years. It’s what she told the 11th annual Governor’s Conference on the Future of Water in Kansas held in Manhattan. “Waiting for a miracle is …

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Mullin—higher Thanksgiving meal cost rests with President Biden and his policies

  An affordable Thanksgiving meal is off the table. That’s the declaration from Congressman Markwayne Mullin who is about to become a U.S. Senator replacing Jim Inhofe who delivered his farewell address Wednesday to the Senate. In a column released this week, Rep. Mullin stated, ” Joe Biden’s gift to Americans this holiday season is a …

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Helmerich and Payne sees large gain in quarterly net income

  Helmerich & Payne announced its net income from the fourth quarter of its fiscal year was more than double what it recorded in the previous quarter. It also sees future growth in its international market. The Tulsa company reported net income of $46 million or 42 cents a diluted share from operating revenues of …

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EPA fines Evergy over underground chemicals found at closed power plant

  The U.S. Environmental Protection Agency fined Kansas utility Evergy a total of $120,000 after chemicals were found during groundwater monitoring at the firm’s energy center east of Topeka, Kansas. The Tecumseh Energy Center had been closed in 2018 and included a four-acre area for coal ash. The site was less than a half mile …

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