It took five years, but the Texas Panhandle ranch once owned by the late Oklahoma-bred oilman T. Boone Pickens finally sold. The sales price was far from the original asking amount for the 65,000 acre ranch in Roberts County, located about 85 miles northeast of Amarillo. The Mesa Vista Ranch, as it was called, last …
March 2023 archive
Texas to price $3.5 billion in bonds to pay for 2021 winter storm utility costs
Just like Oklahoma did following the 2021 winter storm Uri, Texas also passed a law allowing utilities to securitize their storm costs. The only difference is, Oklahoma acted faster on the deal than Texas. This week, the Texas Natural Gas Securitization Finance Corp. plans to price a historic $3.5 billion transaction to bail out …
Energy briefs
** A nuclear power plant in Georgia has begun splitting atoms in one of its two new reactors, Georgia Power said Monday, a key step toward reaching commercial operation at the first new nuclear reactors built from scratch in decades in the United States. ** U.S. regulators sent another list of questions to Freeport LNG on …
Permits to drill for March 6, 2023
Carter County BRAKERS #168, March 06 2023 04 2S 2W NENWSWSW API: 01926548 Lat: 34.40816704496733, Long: -97.4208935132114 KODIAK OIL & GAS INC SH, DR, 1900 ft, HOXBAR(1300), DEESE(1600) Grady County CKSMOU #8-7-10 INJ, March 06 2023 08 3N 5W SESENWNE API: 05125017 Lat: 34.75133118782553, Long: -97.7442255590976 MACK ENERGY CO DH, DR, 11107 ft, MORROW SUBTHRUST(9982) Kingfisher County …
Completion reports for March 6, 2023
ELLIS COUNTY Mewbourne Oil Company Cherokee(9500): Oil 675 Gas 1248 Water 1528 Flow 5 19N 25W Terryn 8/17 Cn 1h, October 03, 2022 HH, OIL, TD: 20055 ft Lat: 36.14501, Long: -99.89379 API: 35045238710000 Mewbourne Oil Company Cherokee(9700): Oil 678 Gas 1367 Water 1847 Flow 5 18N 24W Thelma 8/17 Cn 2h, September 24, 2022 HH, OIL, TD: 20255 ft Lat: 36.05882, Long: -99.78694 API: 35045238630000 MURRAY …
Crude gained while OK energy stocks dropped on Monday
Crude oil prices managed slight gains on Monday but Oklahoma energy stocks suffered with 4% and 5% losses. Prices bounced back from early losses and oil executives express hopes for rising Chinese demand. West Texas Intermediate crude rose 78 cents or 1% and closed at $80.46 a barrel on the New York Mercantile Exchange. …
Commissioners want AG to probe winter storm natural gas costs
Two Oklahoma Corporation Commissioners have asked Attorney General Gentner Drummond to investigate possible natural gas price manipulation that might have occurred during the 2021 Winter Storm that sent utility costs sky high in the state. One made the request in a letter revealed this week while the other explained his request was made after the …
More U.S. power capacity to come from wind and solar
All of those wind farms in Oklahoma helped increase the amount of planned new electric-generating capacity from wind, solar and battery storage in the U.S. this year. The U.S. Energy Information Administration reports the three technologies account of 825 of the new, utility-scale generating capacity that developers plan to bring online in the nation. …
Bone dry conditions exist in Oklahoma Panhandle
Rainfall is in this week’s forecast for some parts of Oklahoma, but not for the Panhandle, where conditions are more apt to be described as “bone dry.” As Gary McManus, State Climatologist, wrote in Monday’s Mesonet alert, it has been 152 days since the Mesonet’s site at Eva in the central Panhandle received at …
NGL sells marine assets on Gulf Coast
NGL Energy Partners LP in Tulsa announced the $112 million sale of its marine fleet that consisted of 13 towboats and 25 tank barges on the Gulf Coast. NGL used the fleet to provide waterborne transportation of refined products and crude oil for a diversified group of customers which include major oil refineries near …