The next John Deere backhoe you see around Oklahoma might be a new electric version announced by the world’s largest manufacturer of farm equipment. Deere & Co. said it created the new “electronic” version because of rising demand to reduce emissions in heavy industry reported Bloomberg. Based in Moline, Illinois, the company said its …
January 2023 archive
Headlines of other energy stories
** U.S. natural gas futures plunged close to 11% to a one-year low on Thursday on a smaller-than-expected storage draw and forecasts for warmer-than-normal weather to continue into late January. That should keep heating demand low during what is usually the coldest part of the year and allow utilities to leave more gas in storage …
Biden administration now admits the Keystone XL pipeline would have had a big economic impact
Two years after President Biden used one of his first executive orders to kill the planned Keystone XL Pipeline, his administration now admits it would have had economic benefits to the U.S. Fox News reported the Department of Energy issued a late December report saying the project would have created between 16,149 and 59,000 …
EPA backs off crackdown of oil producers in Permian Basin
The EPA apparently decided against a proposal to crack down on smog in the Permian Basin and it was called a “win” for oil producers in the region. Devon Energy is among those producers. The idea was not part of the EPA’s recent release of an agenda of planned regulations reported Bloomberg. Click here …
Permits to drill for January 5, 2023
Ellis County JULIE 9/16 AP #1H, January 05 2023 04 17N 24W SWSESESE API: 04523884 Lat: 35.97001110916173, Long: -99.7571342984213 MEWBOURNE OIL COMPANY MU, DR, 20697 ft, CHEROKEE(10350) Ellis County LAUREN 10/15 DM #1H, January 05 2023 04 17N 24W SWSESESE API: 04523883 Lat: 35.970011110608176, Long: -99.7569991285792 MEWBOURNE OIL COMPANY HH, DR, 20716 ft, CHEROKEE(10300) Ellis County RODNEY …
Completion reports for January 5, 2023
GRADY COUNTY Citizen Energy Iii Llc Woodford(11828): Oil 368 Gas 559 Water 2383 Gas Lift 6 7N 5W Johnson 3h-6, October 26, 2022 HH, OIL, TD: 17204 ft Lat: 35.10270, Long: -97.77047 API: 35051249440000 Citizen Energy Iii Llc Woodford(14436): Oil 3 Gas 4573 Water 2708 Flow 20 8N 7W Eubank 2h-29-32, September 26, 2022 HH, GAS, TD: 25435 ft Lat: 35.14748, Long: -97.96799 API: 35051249320000 Paloma Operating …
Gains recorded by crude oil prices and Oklahoma energy stocks
Moderate gains were made Thursday by Oklahoma energy stocks and crude oil prices. Crude oil managed a 1% gain for the day after the biggest two-day loss for the start of a year in three decades. It came after lower fuel inventories were reported. West Texas Intermediate crude for February delivery rose 83 cents …
Corporation Commissioner offers tearful farewell
Corporation Commissioner Dana Murphy offered a tearful farewell in her last meeting on Thursday, saying she hoped her legacy was to the people. After 14 years as a commissioner, Murphy concluded the commission’s meeting with comments as she was term-limited on the state-wide seat. “I can’t say enough about you,” she said in comments …
Oklahoma gasoline prices continue to climb
Gasoline prices continued their rise this week across Oklahoma, reaching a high of $2.93 a gallon, just weeks after declining before the end of 2022. AAA reported Thursday that gasoline prices rose 2 cents in one day. The new average is higher than a year ago when Oklahoma prices averaged $2.90 a gallon. It …
Cushing hub’s crude oil storage holds steady
The resumption of the flow of crude oil down the Keystone Pipeline following a 14,000 barrel leak in northern Kansas last month resulted in a slight gain for the Cushing hub. The U.S. Energy Information Administration reported the hub had 25.3 million barrels of crude oil in storage as of Dec.30, 2022. It represented …