Texas legislators took a turn this year in their support for renewable energy projects—wind and solar. Their previous support created the number one renewable energy producing state in the country. But this year, legislators reversed their support and decided through legislation, to do more to support the fossil fuel industry that made the oil …
May 2023 archive
Devon pays $16 million for leases in BLM’s land sale in New Mexico
Devon Energy was one of the top spenders in a recent government sale of oil and gas drilling rights on 10,000 acres of federal lands in Kansas and New Mexico. The auction attracted more than $78 million in high bids and Devon was successful in obtaining drilling rights in New Mexico, the nation’s second-largest …
Vital Energy shareholders take part in annual meeting
Shareholders in Tulsa’s Vital Energy, Inc. took part in the company’s recent annual meeting of stockholders and upon recommendation of the firm’s board of directors elected four members to the board. Elected to the board were Dr. Craig M. Jarchow, Jason Pigott, Edmund P. Segner, III and Dr. Shihab Kuran along with John Driver. Shareholders …
Oklahoma DEQ to seek $7 million from feds for drinking water revolving fund
The Oklahoma Department of Environmental Quality is moving ahead with plans to seek more than $7 million in federal funding as part of the state’s 2024 Drinking Water State Revolving Fund Intended Use Plan and Project Priority Lists. The DEQ announced plans to hold a pubic hearing for comments on the draft proposal. It …
Rep. Lucas says Energy Department decision to revoke $200 million award raises more questions
House Science, Space, and Technology Committee Chairman Frank Lucas sent a fourth letter to the Department of Energy (DOE) regarding a grant to Microvast, a company with close ties to the Chinese Communist Party (CCP). Earlier, DOE communicated to Committee staff that Microvast would not be receiving the $200 million award as initially announced. While …
Crude oil made weak gain on Friday
Crude oil rose slightly on Friday, prior to the start of the Memorial Day holiday and did so because of confusion from Russia and Saudi Arabia ahead of the coming OPEC+ policy meeting. West Texas Intermediate crude rose 84 cents or 1.2% to close at $72.67 a barrel on the New York Mercantile Exchange. Global …
AG Drummond says Supreme Court made the right call in WOTUS fight with EPA
Attorney General Gentner Drummond lauded the U.S. Supreme Court’s 5-4 ruling yesterday in Sackett v. EPA, a decision that limits the authority of the Environmental Protection Agency. At issue was the EPA’s Waters of the United States (WOTUS) rule that had been opposed by Oklahoma and other states. “I am pleased the U.S. Supreme Court has …
Oil and gas rig numbers continue a free fall in Oklahoma and the U.S.
The nation’s oil and gas firms cut another 9 rigs from their active list reported Baker Hughes Co., a drop that included 7 more in Oklahoma as the state’s rig count fell to 46 and more were put in storage. Baker Hughes indicated Oklahoma’s count is 13 fewer than one year ago. Nationally, the …
Other energy headlines
** The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a massive 303-mile West Virginia-to-Virginia natural gas pipeline project for approval. ** When the U.S. Supreme court recently ruled against the EPA and the Army Corps of Engineers in a Waters of the US fight, all but one conservative …
Completion reports for May 26, 2023
KINGFISHER COUNTY Bce-mach Iii Llc Oswego(6194): Oil 353 Gas 286 Water 1543 Esp 18 17N 5W Lincoln Southeast Oswego Unit 41 2ho, March 31, 2023 HH, OIL, TD: 12089 ft Lat: 35.94258, Long: -97.77534 API: 35073269700000 MCCLAIN COUNTY Charter Oak Production Co Llc Bromide(7979): Oil 249 Flow Viola(7498): Shut-in Hunton-woodford: Shut-in Viola-hunton- Woodford: Oil 48 Gas 85 Water 60 Pump Woodford,hunton,vi Ola,bromide: Oil 15 Water 118 Pump 1 5N 2W Bayless …