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August 16, 2023 archive
Completion reports for August 16, 2023
WOODS COUNTY Citizen Energy Iii Llc Mississippi(6403): Oil 733 Gas 1200 Water 2570 Flow 16 24N 13W Keller 1h-21-28, June 02, 2023 HH, OIL, TD: 17116 ft Lat: 36.55077, Long: -98.59701 API: 35151246150000
Ozone alert issued for Thursday in Oklahoma City and Tulsa
The Oklahoma Department of Environmental Quality is issuing an ozone alert for the Oklahoma City and Tulsa metropolitan areas for Thursday, August 17, 2023. This alert will initiate the issuance of an “Ozone Alert Day” for the Oklahoma City area by the Association of Central Oklahoma Governments, and an “Ozone Alert Day” for the Tulsa area by the Indian Nations Council of …
Crude oil prices slid again in Wednesday’s trading
Wednesday’s trading brought another decline in crude oil prices, even with a big drawdown in U.S. crude stocks. US benchmark, West Texas Intermediate dropped $1.61 or 2% to $79.38 on the New York Mercantile Exchange. The fall came a day after WTI dropped $1.52 or 1.8%. Brent crude, the global benchmark, declined $1.44 or 1.7% …
Oklahoma AG takes on California’s anti-agriculture regulations
Attorney General Gentner Drummond is calling on U.S. Congressional leadership to pass the Ending Agricultural Trade Suppression (EATS) Act. The bill prevents California from burdening farmers and ranchers across the country with radical anti-agriculture regulations. “It is outrageous that California should have the authority to impose its regulations on Oklahoma farmers and ranchers,” Drummond …
Feds open protest period over sale of land for oil and gas drilling
Oklahoma doesn’t have as much public land leased to the oil and gas industry as New Mexico and western states, but the public land will be up for lease auctions in November. The Bureau of Land Management has opened a public protest period for the proposed sale, a move to allow those opposed to …
Texas joins Oklahoma and other states in creating EV fees for highway use
It’s been two years since Oklahoma adopted a highway-use fee for electric vehicle users in the state, a fee to offset the loss of gasoline taxes which go toward highway maintenance. Within a few weeks, electric vehicle drivers in Texas will get the same news. They will be forced to pay $200 a year …
Is ESG movement fading?
Oklahoma’s decision this week to continue keeping BlackRock on the list of firms banned from handling state pension funds and investments because of its ESG policy is part of a growing movement across the country. It would now appear that some of those investment and lending institutions that targeted the oil and gas industry …
HF Sinclair acquires Holly Energy Partners in $1.4 billion deal
HF Sinclair expanded its holdings this week with the $1.44 billion acquisition of Holly Energy Partners. Holly Energy shareholders will receive 0.315 shares of HF Sinclair and $4 for every share held, which values the deal at $1.44 billion as per a Reuters calculation. The offer represents a premium of 2% to Holly’s last …
Major study finds infrastructure is holding back EV growth
What’s holding back the electric vehicle growth in the US? Sure, battery development is one bump in the road, but a new study finds the major issue is the charging infrastructure. Oklahoma’s still in the early stages of trying to develop a charging system across its major interstates and highways. Kansas is doing the …
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