This week’s rig count released by Enverus Foundations showed an increase in drilling activity in the Anadarko Basin. The new report indicated the gain of one rig came despite a national decline of 11 rigs, down to 861 for the week ended Jan.4. Enverus reported the count is down 2% from the previous month …
January 2023 archive
Commissioner says closing some of utility winter storm rate hike cases was wrong
Warning that the actions set a “dangerous precedent” that could hamper investigations into the recovery of fuel costs from 2021’s Winter Storm URI, Corporation Commission Bob Anthony on Thursday filed a dissenting opinion against an approved Commission order closing “regulatory asset” cases key to the cost recovery issue. “Those cases closed in spite of …
Cash dividend declared by Unit Corporation
Unit Corporation announced its Board of Directors has declared a special cash dividend of $10.00 per share and has approved a quarterly cash dividend policy beginning in the Company’s second quarter. The Tulsa-based company stated that the special dividend will be paid on January 31, 2023, to shareholders of record as of the close …
Energy developments in Colorado
From oil and gas drilling to utility rates—energy developments are occurring in the state of Colorado. Colorado regulators predict oil and gas drilling and hydraulic fracturing emissions in 2023 will nearly double earlier estimates and the industry will be the state’s largest source of ozone-forming pollutants. (CPR) Colorado electricity cooperatives urge federal regulators to require Xcel Energy …
Appeals Court rules against earthquake lawsuit in Oklahoma
Oklahoma’s Court of Civil Appeals recently ruled against two persons who filed suit following the 2017 earthquakes in northern Oklahoma and attempted to make it a class action case against several oil and gas companies. The case brought by Lisa Griggs and April Marler was against New Dominion LLC, Kirkpatrick Oil Company Inc., Rainbo …
Texas earthquakes linked to increased drilling
It’s no surprise that geologists and people who study earthquakes believe the increase in strong quakes of the Permian Basin in Texas and New Mexico are linked to increased drilling. Just as Oklahoma experienced the same growth of earthquakes over the past several years because of a gain of drilling in the state, Texas …
Reports show continued well activity in Oklahoma
Newly-filed reports show Citizen Energy III LLC recently completed a three-well project in Grady County with combined production of more than 1,000 barrels of oil a day. The three wells drilled on a single pad at 6 7N 5W, a site about 2 miles southwest of Blanchard, were completed Oct. 26 of 2022 by the …
TARGA acquires 100% ownership of its Grand Prix pipeline in Oklahoma and Texas
Houston’s Targa Resources Corp. agreed to a more than $1 billion buyout of Blackstone Energy Partners’ 25% interest in Targa’s Grand Prix NGL Pipeline that caries NGLs from Oklahoma, North Texas and the Permian Basin. Targa said the deal totaled $1.05 billion in cash plus customary working capital adjustments, a move that will make …
Cleanup of Permian Basin includes new oilfield waste disposal project
A new oilfield waste facility opened after Christmas in the Permian Basin, allowing operators to dispose of their liquid and solid waste. Milestone Environmental Service opened its Battle Axe facility near Carlsbad reported the Carlsbad Current-Argus. Click here for Current-Argus
Other energy headlines
** The Federal Energy Regulatory Commission denied the proposed $2.6 billion acquisition of American Electric Power Co. Inc.’s Kentucky Power Co. unit by Algonquin Power & Utilities Corp., saying the Ontario-based buyer hasn’t provided sufficient assurances that transmission rates will not climb as a result of the transaction. ** Republicans said they would do away …