American drivers could be staring another jump in gasoline prices in the face and it is coming just as the summer driving season is here. Saudi Arabia announced another cut in oil production, meaning it will be sending less oil to the global economy. In turn, the move is seen as an effort to …
June 2023 archive
Gasoline prices decline in Oklahoma and the U.S.
Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon of decreased by one cent since last week to $3.56 per gallon. In Oklahoma, the gas average is $3.22 today, down two cents in the last week and $1.04 lower an one year ago. According to new …
Oil and gas rig counts keep falling in Oklahoma and other states
See those rigs stacked beside one another. They are not drilling for anything. They are in storage as the nation saw another dramatic drop in the number of oil and gas rigs drilling for oil and gas across the nation. Another week. Another dramatic drop in the number of active oil and gas drilling …
Forever chemicals in New Mexico lead to lawsuit by Attorney General
A lawsuit has been filed by New Mexico Attorney General Raul Torrez over the manufacture of those so-called “forever chemicals” in his state. Torrez accused 21 companies of contributing to environmental contamination in his state and knowing for decades how dangerous the compounds are to humans. “We have to step forward and try to …
Friday proved to be a strong day for crude oil and Oklahoma energy stocks
Crude oil and Oklahoma energy stocks recorded a strong trading day on Friday as crude prices rose 2% while stocks rose 5, 6 and 7% in some local cases. Crude went up after Congress passed the debt ceiling deal that averted a government default. West Texas Intermediate crude rose 2.3% or $1.64 to close at …
Completion reports for June 2, 2023
ALFALFA COUNTY Bce-mach Llc Mississippian(5850): Oil 393 Gas 1102 Water 1168 Gas Lift 22 25N 11W Billy Blew 15-25-11 2h, March 28, 2023 HH, OIL, TD: 11157 ft Lat: 36.63709, Long: -98.36877 API: 35003234190000 GARVIN COUNTY Continental Resources Inc Woodford(11694): Oil 255 Gas 394 Water 2967 Flow 13 1N 2W Highlands 1-13-18-17xhw, February 28, 2023 HH, OIL, TD: 22480 ft Lat: 34.55259, Long: -97.36662 API: 35049253860000 JOHNSTON …
Permits to drill for June 2, 2023
Canadian County WALTHER #4H-1-12, January 03 2022 01 10N 6W NWSWSWNE API: 01725753 Lat: 35.371088158904605, Long: -97.7856396011762 CITIZEN ENERGY III LLC MU, AM, 17300 ft, MISSISSIPPIAN(8200), WOODFORD(8400) Carter County HEWITT UNIT #22-4103, June 02 2023 22 4S 2W NESWNWSW API: 01926555 Lat: 34.192269225232906, Long: -97.40298255035016 XTO ENERGY INC DH, DR, 3200 ft, PONTOTOC(660), HOXBAR(1602), DEESE(2602) Mcclain County …
Austin, Texas reaches agreement with other utilities for emergency help
Mutual aid agreements are common practice among law agencies and fire departments to be implemented in the event of emergencies. The mutual aid agreement approved this week by the city of Austin, Texas is with neighboring utilities. It came about because of t he February ice storm that paralyzed the city and led to …
New Executive VP named at LSB Industries
LSB Industries, Inc. in Oklahoma City announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023. McKee will join the executive team reporting directly to Mark Behrman, LSB’s President and Chief Executive Officer. McKee joins LSB from Williams Companies, where she served in …
Energy headlines from around the world
** Folded into the debt-ceiling bill that passed the Senate on Thursday are measures that could speed up the building of energy projects in the US. They are an update of the National Environmental Policy Act, or NEPA — long a punching bag for critics on both sides of the aisle who say the environmental permitting process for new projects takes too long …
