** U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. ** Proterra, the electric bus company repeatedly celebrated by President Biden, filed for bankruptcy Monday, blaming various market …
August 2023 archive
ConocoPhillips to put up notes to finance $3 billion purchase of oil sands plant in Canada
ConocoPhillips plans to offer notes to raise money for its acquisition of the remaining 50% stake in Surmont oil facility in Canada. The stake is worth $3 billion, according to a filing made by the oil gas producer now headquartered in Houston, Texas. The company, with operations throughout Oklahoma, did not reveal how much …
Endorsed by Biden, EV bus manufacturer resorts to bankruptcy
The White House no doubt might be wondering about its endorsement of Proterra, the largest U.S. electric-bus maker. The California company filed for Chapter 11 bankruptcy protection late Monday and stunned the EV industry across the country. The move also left others wondering about the future of electric vehicles. If Proterra can’t make it, can …
Longtime Oklahoma conservationist honored
A gathering of friends, family, and fellow conservationists marked a special luncheon Tuesday in Wagoner, coming together to honor George Stunkard’s unwavering dedication to safeguarding Oklahoma’s natural treasures. The event offered a fitting tribute to a man whose lifelong commitment has etched an indelible mark on conservation efforts across the region. Recognition, Gratitude, and a …
Permits to drill for August 8, 2023
Carter County SGDSU #21A-1A, August 08 2023 31 2S 2W SWSENWSW API: 01922669 Lat: 34.337035979890004, Long: -97.45446027518184 SCOUT ENERGY MANAGEMENT LLC SH, RC, 3649 ft, DEESE(3530) Carter County SGDSU #21A-2A, August 08 2023 31 2S 2W SWSWNWSE API: 01922034 Lat: 34.33640953531197, Long: -97.44799407416201 SCOUT ENERGY MANAGEMENT LLC SH, RC, 3945 ft, DEESE(3804) Coal County MARTIN #1-27, August …
Completion reports for August 8, 2023
WOODS COUNTY Bce-mach Llc Mississippian(5570): Oil 127 Gas 578 Water 918 Gas Lift 5 28N 17W Lm 5-28-17 2h, February 17, 2023 HH, OIL, TD: 10833 ft Lat: 36.94194, Long: -99.05200 API: 35151245990000
Oklahoma AG picks OKC law firm to carry out legal action in 2021 winter storm market manipulation
The same firm hired by Oklahoma Attorney General Gentner Drummond to do a preliminary investigation which led to his decision to seek legal action over market manipulation from the 2021 winter storm Uri has been picked to help his office recover billions of dollars from historic high natural gas prices. Drummond announced late Tuesday his …
Crude oil recorded gains in Tuesday’s trading
Following a U.S. government agency report showing a bright outlook on the economy, crude oil prices recorded gains on Tuesday. West Texas Intermediate crude went up 98 cents to $82.92 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, had a gain of 83 cents to $86.17 a barrel on …
United States orders Mewbourne Oil Company to pay $5.5 million and reduce unlawful air pollution from oil and gas wells in New Mexico and Texas
Texas energy company, Mewbourne Oil, has agreed to pay a $5.5 million penalty and to spend at least $4.6 million for projects to ensure 422 of its oil and gas battery pads in New Mexico and Texas comply with state and federal clean air regulations. These terms are in settlement of claims of unlawful operations …
Wind farm income dips for ALLETE Clean Energy in 2Q
While clean-energy operator ALLETE, Inc reported improved second quarter 2023 earnings of 90 cents a share on net income of $51.5 million, its subsidiary ALLETE Clean Energy saw a dip in earnings. ALLETE Clean Energy operates the firms wind farms in Oklahoma and other states and had second quarter net income of $3.1 million …