While billionaire Harold Hamm makes progress on his agreed takeover of Continental Resources, the Oklahoma City company still faces lawsuits challenging the move. One of those suits was updated in recent days. In a filing last week with the Securities Exchange Commission, Continental revealed it had recently reached a Term Loan Agreement totaling $750 …
November 2022 archive
Judge rules against BLM over delayed investigation of Colorado mining
A federal judge in Colorado has issued a ruling against the Bureau of Land Management, agreeing with those who contended the BLM had delayed a investigation for years into alleged illegal mining near Glenwood Springs. Click here for Out There Colorado
Headlines of other energy stories
** U.S. President Joe Biden on Monday announced a number of investments in Indonesia spanning areas like climate and food security, including a $2.5 billion agreement between ExxonMobil and state-owned energy company Pertamina on carbon capture. ** The Environmental Protection Agency issued a revised version of its proposed methane rule Friday that would impose tougher measures …
Chevron targets Colorado’s abandoned wells for cleanup
Chevron is apparently making an earnest attempt to solving Colorado’s abandoned well problem. The company has a reported 16 “workover rigs” doing well removal and much of the effort is being made in northern Colorado, the state’s biggest oil producing region according to a report by Reuters. Click here for Reuters the land to its …
What EPA’s latest methane proposal would mean to New Mexico
New Mexico leaders admit the EPA’s newly-announced methane rule would have a tough impact on their state’s oil and gas industry. The revised version of the EPA’s proposed methane rule was announced last week in Egypt where President Biden spoke about the U.S. increasing its efforts to reduce carbon emissions. New Mexico officials discussed …
Regulators fail to reach a decision on more OGE costs to consumers
The request by Oklahoma Gas and Electric for increased fuel cost adjustment charges is in limbo after Oklahoma Corporation Commissioners failed Thursday to take a vote on the issue. Commissioners could not agree on how to spread out the costs to consumers. Commissioner Dana Murphy preferred a 36-month plan while Commissioner Todd Hiett supported …
Permits to drill for November 11, 2022
permits: none were processed today
Completion reports for November 11, 2022
completions: none were processed today
Another strong performance for OK energy stocks as crude rose Friday
Friday saw a gain in crude oil prices as they settled up for the day but were down for the week as a whole. Oklahoma energy stocks also had their second straight strong performance. What led to the gain? Mostly China’s easing of restrictions to battle continued COVID-19 cases. The action by the Communist …
Nation’s rig count jumps by 9 while Oklahoma is unchanged
The nation’s rig count made an increase of 9 to reach a total of 779 oil and gas rigs according to the latest Baker Hughes report released on Friday. While the national count grew, the number of rigs in Oklahoma was unchanged from last week’s count of 67 rigs. The latest numbers compare to …
