May 22, 2023 archive

Permits to drill for May 22, 2023

Dewey County TCCGU #2, May 22 2023 15 17N 16W SWNWSWNE API: 04323776 Lat: 35.95164234842579, Long: -98.89265809100294 WHEELER ENERGY LLC SH, DR, 8100 ft, COTTAGE GROVE(7900) Kingfisher County LINCOLN SOUTHEAST OSWEGO UNIT #93-10HO, May 22 2023 30 17N 5W SWSWSESE API: 07327012 Lat: 35.91284287449554, Long: -97.76891123094583 BCE-MACH III LLC HH, DR, 11692 ft, OSWEGO(6188) Mcclain County ORVIS …

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Completion reports for May 22, 2023

completions: none were processed today

PSO’s $155 million rate hike settlement to continue Tuesday for a second day of questions

  A Corporation Commission hearing on a $155 million rate hike requested by Public Service Company of Oklahoma was continued Monday until Tuesday morning. An Administrative Law Judge presided over the hearing that explored the stipulation or settlement agreement reached by the State Attorney General and the AARP with PSO. The hearing lasted most of …

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Crude oil recorded gains on Monday

  Crude oil prices rose 1% on Monday with an increase in U.S. gasoline futures while some Oklahoma energy stocks saw as much as a 6% gain for the day even as one firm dropped 11%. The price gain came as forecasts indicated an increase in oil demand in the second half of the year. …

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Enel makes formal announcement of solar manufacturing site in Oklahoma

  Enel North America, the company that built 13 wind farms in Oklahoma, formally announced Monday it had officially chosen Inola in northeastern Oklahoma as the location for its nearly $1.8 billion solar panel manufacturing operation. The plant will be built at the Tulsa Port of Inola and the site had been widely promoted by …

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New investors sought by coal producer Alliance Resource Partners

  Leaders of Tulsa-based Alliance Resource Partners, L.P., a major coal-mining company, plan to seek investors during a conference Tuesday in Florida. Joseph W. Craft III, Chairman, President and Chief Executive Officer, and others of his management team will take part in the investor meetings at the 20th Annual Energy Infrastructure council CEO & Investor …

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Oklahoma rolls ahead with development of EV charging network

  Oklahoma’s Department of Transportation took the next step as it prepares to use $66 million in federal funding for development of an EV charging network across the state. ODOT announced this week it posted the DRAFT Request for Proposals for its National Electric Vehicle Infrastructure (NEVI) Competitive Procurement for Electric Vehicle (EV) charging stations program. …

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EIA predicts fall in crude oil prices for rest of 2023 and in 2024

  The U.S. Energy Information Administration came out this week with a prediction of lower crude oil prices not only for the remainder of 2023 but also for 2024. “We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of relatively rapid declines …

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AAA predicts Oklahoma Memorial Day weekend travel to be as heavy as before the COVID pandemic

                  AAA Oklahoma is projecting that more than 550,000 Oklahoma residents will travel a distance of 50 miles or more over the Memorial Day Weekend. As usual, the large majority, or more than 82%, will be driving to their destinations, though air travel and travel by other …

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$32 million federal grand to study carbon capture hub near Pueblo, Colorado

  The Federal government just awarded $32 million to the Colorado School of Mines to develop a carbon sequestration hub near Pueblo. The region near Pueblo has large carbon emissions from two power plants and cement kiln. The Department of Energy grant will be used by the School of Mines and the Los Alamos National …

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