March 13, 2023 archive

VW picks Canada over Oklahoma for new EV battery plant

  A year after Panasonic chose Kansas over Oklahoma for a $4 billion EV battery plant, Oklahoma lost in a bid to land a multi[-billion dollar Volkswagen battery plant. The company announced its decision Monday, saying it decided to build the plant in Canada. “The Group and its battery company PowerCo have selected St. Thomas …

Continue reading »

Completion reports for March 13, 2023

CANADIAN COUNTY Paloma Operating Co Inc Mississippian(9324): Oil 165 Gas 116 Water 414 Gas Lift 28 12N 6W Roseannadanna 27_22-12n-6w 1mhx, January 05, 2023 HH, OIL, TD: 16440 ft Lat: 35.49246, Long: -97.83187 API: 35017257600001 KINGFISHER COUNTY Paloma Operating Co Inc Mississippian(8091): Oil 383 Gas 477 Water 816 Flow 31 17N 7W Roadrunner 6_7-16n-7w 2mhx, November 01, 2022 HH, OIL, TD: 18342 ft Lat: 35.89915, Long: …

Continue reading »

Permits to drill for March 13, 2023

Caddo County SWAN LAKE #1-29H, March 13 2023 32 9N 11W SENENENE API: 01523334 Lat: 35.21673436831677, Long: -98.37752579475338 KING ENERGY LLC HH, DR, 15550 ft, MARCHAND(10200) Canadian County WILLIAMS #2H-3106X, March 13 2023 30 11N 7W SWSWSESW API: 01725930 Lat: 35.39232895046816, Long: -97.98486240328239 CIMAREX ENERGY CO MU, DR, 21170 ft, WOODFORD(11370)

Crude oil hit by bank failure and OK energy stocks suffered too

  Crude oil dropped more than 2% in Monday’s trading and Oklahoma energy stocks suffered—some with 5 to 6% losses. The collapse of Silicon Valley Bank left equities markets stirred and fears grew again of a fresh financial crisis. West Texas Intermediate crude fell $1.88 a barrel or 2.5% to close at $74.80 on the …

Continue reading »

Mitchell talks energy

  What’s the focus of discussion this week on Mitchell Talks Energy?  Scott Mitchell and OK Energy Today’s Jerry Bohnen talk about investigations in Oklahoma and other states of what prompted utility bills to climb so high in recent years. Plus, they discuss train derailments and Gov. Kevin Stitt’s blocking of contaminated soil being shipped …

Continue reading »

Nation’s only refinery for cobalt and nickel to be built in Lawton

  Oklahoma’s Westwin Elements, based in Bartlesville plans a new $450 million refinery for key metals in Lawton. It plans to build the refinery on a 480-acre tract in an existing industrial park in Lawton and eventually employ up to 2,000 workers. The company secured $5.4 million in Series A investment and pre-approval from a …

Continue reading »

Willow drilling project in Alaska approved for ConocoPhillips

  Despite heavy opposition from environmentalists, the Biden administration on Monday announced approval of the controversial Willow oil drilling project in Alaska and it was welcome news to ConocoPhillips. The administration also announced new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced …

Continue reading »

Solar power bill sent to Arkansas Governor

  It’s now up to Arkansas Gov. Sarah Huckabee Sanders to decide the fate of a bill passed in the state legislature to cut the compensation for solar power users in Arkansas. Approval came in the House of Representatives even though commercial and industrial electric customers opposed Senate Bill 295. Some of the opposition came …

Continue reading »

Siemens to reopen wind plants in Kansas and Iowa

    The “hibernation” Siemens Gamesa Renewable Energy announced last year at its wind production plants in Kansas and Iowa has ended. The company is in the process of reopening the operations that were forced to close because of slow wind turbine orders. The company initiated the resumption of production at its Fort Madison, Iowa …

Continue reading »

Oklahoma Representatives say Biden’s budget won’t survive

  President Biden’s $6.8 trillion budget proposal is expected to be DOA with Republicans in Congress and the reaction of Oklahoma’s congressional delegation, some of it in regards to Biden’s proposals against oil and gas  and the energy industry in general , shows why. Republican Study Committee Chairman Kevin Hern of Tulsa said Biden’s budget …

Continue reading »