** The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology. The Department of Energy (DOE) selected Project Cypress in Louisiana, …
August 2023 archive
EV experience sours Canadian man on the industry
For every story you read about the growth of electric vehicles, there’s one on the flip side. Such as the one told by a Canadian man whose experience with his $115,000 electric pickup truck led him to declare, EVs are the “biggest scam of modern times.” He finally had to rely on a good …
Permits to drill for August 10, 2023
Caddo County WAGNER #1, August 10 2023 03 5N 9W NESWNE API: 01576002 OTC/OCC NOT ASSIGNED SH, RC, 5698 ft, YULE(5240) Comanche County GREEN #2, August 10 2023 03 3N 10W SESESENE API: 03176019 Lat: 34.76120764128471, Long: -98.23084312477117 OTC/OCC NOT ASSIGNED SH, RC, 1514 ft, BARTLESVILLE(1400) Grady County TIDUA 0605 #2-6-7MXH, August 09 2023 06 6N 5W …
Completion reports for August 10, 2023
CARTER COUNTY Continental Resources Inc Sycamore(8338): Oil 1487 Gas 2071 Water 4433 Flow 22 1S 3W Courbet 15-22-9xhm, February 26, 2023 HH, OIL, TD: 15747 ft Lat: 34.46175, Long: -97.49769 API: 35019265070000 Continental Resources Inc Sycamore(8893): Oil 310 Gas 517 Water 4940 Flow 22 1S 3W Courbet 14-22-9xhm, March 09, 2023 HH, OIL, TD: 19910 ft Lat: 34.45770, Long: -97.49875 API: 35019265110000
Crude oil dropped in Thursday’s trading and OK energy stocks recorded losses
Thursday saw lower crude oil prices and Oklahoma energy stocks recording moderate losses and many blamed China’s fall into deflation and growing concerns about fuel demand from the world’s second-largest economy. West Texas Intermediate crude dropped $1.58 or 1.9% to settle at $82.82 a barrel on the New York Mercantile Exchange. Brent crude, the …
Net income drop recorded by NGL Energy Partners
NGL Energy Partners LP reported its first quarter Fiscal 2024 financial results, reflecting a drop in net income but a gain in adjusted earnings. The net income slipped from $23.1 million reported a year ago to $19.6 million this year but adjusted EBITDA rose from $123.9 million to $134.7 million. The company’s water solutions …
Historic hydrogen locomotive finds new home in Oklahoma City
The Oklahoma Railway Museum has taken delivery of a historied alternative fuel testbed locomotive, most recently operated by BNSF as a hydrogen fuel cell switcher in Southern California. Built as Canadian Pacific GP9 8637 in 1957, the unit was rebuilt by CP in the mid-1980s and utilized in regular service until 2006, when the …
Small earthquake results in temporary shutdown of completion of Canadian County well
A small earthquake early Thursday morning near Union City in Canadian county resulted in state regulators enforcing their earthquake mitigation plan and the temporary shutdown of a well completion process. The reported 2.2 magnitude quake followed a series of weaker rumblings. Under the mitigation plan created some years ago by the Oklahoma Corporation Commission, …
Empire Petroleum finalizes $6.7 million acquisition of more New Mexico assets
Tulsa’s Empire Petroleum closed this week on the acquisition of COERT Holdings 1 LLC’s interests in Empire’s three New Mexico assets. The $6.7 million acquisition involved Eunice Monument South Unit A, Eunice Monument South Unit B and Arrowhead Graybur Unit, all located in Lea County. It adds to Unit’s current producing assets in Texas, …
Evergy’s rate hike request fought by retirees in Kansas
Retirees in Kansas are pushing back on a rate hike request sought by Evergy. They’re accusing the state’s largest utility of hiking electricity prices and putting profits before people. The senior citizens are fighting Evergy’s request of increasing annual revenue by nearly $218 million reported the Kansas News Service. Click here for Kansas News …