The Oklahoma Corporation Commission’s idea of using carbon credits as part of an effort to fund its plugging of thousands of abandoned or orphaned wells, isn’t the only such move in the oil and gas industry. Take for example, the Houston-based CarbonPath company which also offers a new class of carbon credits or offsets …
June 2023 archive
Energy briefs
** U.S. liquefied natural gas (LNG) developers are on track to approve three export projects capable of processing 5.1 billion cubic feet per day (bcfd) of gas in the first half of the year, a record volume for new LNG projects in any year. ** NASA comes out against allowing mining of lithium in a …
Completion reports for June 22, 2023
MCCLAIN COUNTY Charter Oak Production Co Llc Woodford(5970): Oil 67 Gas 181 Water 1957 Flow 11 5N 1W Dune 1a-12-13-24xh, September 18, 2022 HH, OIL, TD: 18411 ft Lat: 34.92589, Long: -97.26631 API: 35087223590000 PITTSBURG COUNTY Trinity Operating Usg Llc Woodford(7948): Gas 3102 Water 2670 Flow 34 8N 17E Ponderosa Sw 3-34/27/22h, September 05, 2022 HH, GAS, TD: 17437 ft Lat: 35.12272, Long: -95.50669 API: 35121248660000 …
Permits to drill for June 22, 2023
Carter County OMAHA #1-33-28XHW, January 09 2023 33 1S 3W NWSWSWSW API: 01926536 Lat: 34.42141895389763, Long: -97.52697915282728 CITATION OIL & GAS CORP MU, AM, 19178 ft, WOODFORD(9050) Love County LAWSON #1-29, November 08 2022 29 7S 2W NWSENWSW API: 08521343 Lat: 33.91646417339998, Long: -97.43620705273865 L E JONES OPERATING INC SH, AM, 7300 ft, SANDERS(6900)
OGE close to finishing power restoration while PSO hopes to do the same Saturday evening
Oklahoma power crews report electricity has been restored to a large number of utility customers since the Saturday night storm when nearly 300,000 customers lost power. Oklahoma Gas and Electric reported Thursday afternoon that it had restored power to 99% of its customers who lost electricity in the severe weather. Approximately 139,000 customers had …
Oklahoma energy stocks hurt as crude oil prices plunged 4% in Thursday’s trading
A 4% drop in oil futures was recorded in Thursday’s trading and Oklahoma energy stocks suffered as well, with one company falling 12% and another 9%. A bigger-than-expected Bank of England rate hike was behind the drop in futures along with a surprise dip in U.S. oil supplies. West Texas Intermediate crude finished down …
Suncor refinery to face charges by Colorado regulators
The Suncor oil refinery in Colorado is now officially the target of state regulators who want to hold the operation accountable for violations of state pollution rules. The Colorado Department of Public Health and Environmental took the first step in an enforcement process, alleging more than 100 violations from July 2021 to June 2022 …
Rainfall helps east Oklahoma’s drought but it’s still hanging around
Oklahoma’s drought. Remember it! State Climatologist Gary McManus says despite the storms and the rain, it’s still with us. Especially in north central Oklahoma and it’s gaining traction in the eastern part of the state. But there is one thing to celebrate. Writing in Thursday’sOklahoma Mesonet newsletter, McManus said Cimarron County in the far …
Biden’s veto of big truck rule couldn’t be stopped by Senate
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among those who attempted Wednesday to override President Biden’s veto of legislation that would have overturned his administration’s truck pollution rule. Both voted in support of the override and the final vote was 50-50. West Virginia Democrat Joe Manchin sided with Lankford and Mullin but the …
Oil and gas activity described as “flat” in Texas, New Mexico and Louisiana
Activity in the oil and gas sector was unchanged in second quarter 2023, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—edged down to zero in the second quarter from 2.1 in the first. The Eleventh Federal Reserve District …