The amount of crude oil in storage at Oklahoma’s Cushing hub continued its downward slide in the most recent report from the U.S. Energy Information Administration. As of Nov. 11, Cushing held an estimated 25.6 million barrels of oil, down from the 27.2 million reported on Nov. 4, 2022. That’s a decline of 1.6 …
November 2022 archive
Diamondback Energy acquires Lario Permian in the Permian Basin
Another of the Texas exploration firms imbedded n the Permian Basin expanded its holdings this week. Diamondback Energy, Inc., headquartered in Midland, Texas announced the acquisition of Lario Permian, LLC, a wholly-owned subsidiary of Lario Oil & Gas Company. In exchange for Lario’s assets, Diamondback offered 4.18 million shares of Diamondback common stock as …
Crude prices fell Wednesday along with OK energy stocks
Wednesday’s trading brought a dollar a barrel drop in crude oil prices after Russian oil shipments through the Druzhba pipeline to Hungary restarted. Plus, there was the issue of increased COVID-19 cases in China. The slide in crude prices also brought down Oklahoma energy stocks. West Texas Intermediate crude for December delivery dropped $1.33 a …
Williams signs deal to boost production of natural gas in Haynesville basin
Tulsa’s Williams Cos. signed an agreement this week with another firm to help increase the company’s efforts to transport more natural gas out of the Haynesville basin to meet growing LNG export demand along the Gulf Coast and around the world. The company reached an agreement with Sempra Infrastructure, a subsidiary of Sempra. Under …
OGE invests in Interactive Education initiatives
Oklahoma Gas and Electric is high lighting its continued efforts to fund projects directly supporting local educators and students in the company’s service area. In a release this week, the utility emphasized the assistance it is giving to teachers: As a first-year teacher at Arthur Elementary School last year, Sarahi Garcia-Acosta knew it …
More energy headlines
** Years in the works, a massive petrochemical refinery in western Pennsylvania fed by the vast natural gas reservoir underneath Appalachia became fully operational Tuesday, oil and gas giant Shell plc said. ** A flotilla of ships is carrying distillate fuel to New York Harbor to shore up stocks ahead of the winter, according to traders and …
Energy Department funds EV battery projects
One of the energy projects funded by nearly $74 million in grants by the Energy Department to advance recycling and reuse of batteries for electric vehicles will be for a west Texas project. Element Energy, a company based in Menlo Park, California received $7.9 million for a wind-energy project in west Texas. The company …
Kansas Gas Service customers to be hit with higher monthly bills
Customers of Kansas Gas Service, a division of Oklahoma-based ONE Gas will be hit with higher bills beginning in December. Some of it is because of the same thing that caused Oklahoma gas consumers to pay higher bills—recovering the 2021 Winter storm costs. The Kansas Corporation Commission approved a new Kansas Gas Service Company …
Permits to drill for November 15, 2022
permits: none were processed today
Completion reports for November 15, 2022
MAJOR COUNTY Comanche Exploration Co Llc Mississippi Lime(9127): Oil 192 Gas 273 Water 2872 Flow 35 20N 15W Derrick 35-1h, August 17, 2022 HH, OIL, TD: 13852 ft Lat: 36.17266, Long: -98.76278 API: 35093252650001
