ExxonMobil announced the successful startup of its Beaumont, Texas refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade …
March 2023 archive
Helmerich and Payne to attend 2 conferences this week seeking new investors
Leadership at Tulsa’s Helmerich & Payne plan to be a part of some energy conferences this week as the firm seeks new investors. John Lindsay, President and Chief Executive Officer will be joined by Mark Smith, Senior Vice President and Chief Financial Officer, Trey Adams, Senior Vice President of Digital Operations, Sales and Marketing, …
Arkansas AG starts effort to investigate Summit Utilities for alleged price gouging
After first being sued by consumers and accused of “price gouging” over its purchases and sales of natural gas, Summit Utilities now faces a possible investigation by Arkansas Attorney General Tim Griffin. It’s a move that could affect Summits’ nearly 99 thousand customers in Oklahoma. His office filed a motion with the Arkansas Public …
Senators file bill to allow year-round sale of E15 ethanol fuel
A bill to require year-round production and availability of higher-ethanol fuel blends, a move seen as benefitting corn-producing states, was introduced by U.S. Sens. Deb Fischer of Nebraska and Amy Klobuchar of Minnesota. Under their bill, the sale of so-called E15, which is 15% rather than 10% ethanol would no longer be restricted during …
Kansas legislature considers control over wind tower blinking lights
With 44 wind farms in the state of Kansas, the Kansas legislature continues working on possible legislation to do something about the growing complaints of the blinking red wind tower lights at night. Residents don’t like them and want controls about when and how often they blink, disturbing the night-time sky above the state. …
Governor Stitt joins other governors in fighting Biden’s ESG investment policies
Oklahoma Gov. Kevin Stitt joined 18 other governors in support of a Republican-led movement in the U.S. House to disapprove of the Biden administration’s ESG investment policies. The group of governors released a statement calling Biden’s “Environmental, Social and Governance” investment policies “woke ideology” reported the McCarville Report. Click here for McCarville Report
Quick energy reads
** The 2023 Annual Energy Outlook from the Energy Information Administration (EIA) finds that U.S. oil production may even increase between now and 2050 even as clean energy sources like wind and solar power increase dramatically as well. The analysts say that U.S. demand for oil and gas is likely to remain remarkably steady for decades. …
Completion reports for March 16, 2023
CANADIAN COUNTY Canvas Energy Llc All Zones Producing: Oil 13 Gas 139 Water 55 Flwg 13 12N 7W Fairweather 1207 2smhx-13-12, May 28, 2022 HH, OIL, TD: 20100 ft Lat: 35.50865, Long: -97.88698 API: 35017257310000 KINGFISHER COUNTY Canvas Energy Llc Mississippian(7530): Oil 929 Gas 2859 Water 1198 Gas Lift 29 16N 5W Wario 1605 3loh-20, October 21, 2022 HH, OIL, TD: 12592 ft Lat: 35.84123, Long: …
Permits to drill for March 16, 2023
Caddo County EAST BINGER UNIT #45-4, March 16 2023 36 10N 11W E2W2SENE API: 01523335 Lat: 35.29969083842635, Long: -98.30938953329508 BINGER OPERATIONS LLC SH, DR, 10200 ft, MARCHAND UP(9900) Canadian County GATZ #4H-3019X, March 16 2023 31 11N 7W NWNWNENE API: 01725934 Lat: 35.39092247669343, Long: -97.97641046528194 CIMAREX ENERGY CO MU, DR, 21180 ft, MISSISSIPPIAN(10888), WOODFORD(11142), HUNTON(11292) Canadian County …
Crude oil bounced back and OK energy stocks rebounded too in Thursday’s trading
A day after a loss of nearly $5 a barrel, crude oil prices on Thursday bounced back with a 1% gain after reports that Saudi Arabia and Russia held meetings to talk about market stability. Oklahoma energy stocks rebounded as well with some firms seeing 5% gains for the day. West Texas Intermediate crude …