** A new report by the Texas Independent Producers and Royalty Owners Association claims Permian Basin methane intensity continues to trend downward, with methane emissions intensity falling by nearly 85% between 2011 and 2022, and during the same time period, total oil and gas production in the Permian increased by over 416%. ** The Arizona …
December 2023 archive
Devon Energy contributes to OKC Ballet’s “The Nutcracker” performance
(L to R: Michael Raiford, Holly Hynes, Ryan Jolicoeur-Nye, Jo Lynne Jones and Dennis Cameron.) Devon Energy’s latest civic contribution was for Oklahoma City Ballet’s 2024 production of “The Nutcracker.” The gift, an amount that was not dislosed, will be used to reimagine the costumes and sets, designed to transport the audience into a world …
Treasurer says his office determined ESG banned institutions
For the second time in a week, Oklahoma State Treasurer Russ Todd is publicly defending his enforcement of Oklahoma’s anti-ESG law, enforcement that has been challenged in a lawsuit pushed by the Oklahoma Public Employees Association. In a corrected release on Tuesday, Todd again said his office plans to continue improving Oklahoma’s economy and public …
Tuesday brought a nearly 4% fall for crude oil prices
Crude oil prices plunged nearly 4% in Tuesday’s trading, taking Oklahoma energy stocks with them. It was the lowest level for Brent and WTI prices in half a year, thanks to nagging worries of investors about oversupply. Prices fell after U.S. economic data showed a surprised increase in consumer prices. West Texas Intermediate crude, the …
Western Oklahoma to get rain? Maybe some snow?
I always enjoy the Mesonet forecasts and accompanying pictures from Oklahoma Climatologist Gary McManus. Of course, give him due credit for his comedic approach to the weather. But this week’s forecast calls for rain in western Oklahoma…maybe lots of it. If you consider two to three inches a “lot” of rain. It also means …
Lankford and other GOP Senators target Biden administration’s failure to hold oil and gas lease sales
Oklahoma U.S. Sen. James Lankford is one of the co-sponsors of a bill to require the federal government to hold regular oil and gas lease sales in an effort to shore up U.S. energy security. He joined Montana Republican Sen. Steve Daines, who is the main author of the Supporting Made in America Energy Act. The …
Apache works to save ecology in oil fields of Permian Basin
Who says oil and gas operators don’t care about the environment. Houston’s Apache Corporation has started a partnership with Sul Ross State University in Alpine, Texas to study well pad development and protection of the ecological system around the pads in the Permian Basin. The partnership with the Borderlands Research Institute is to be a …
$44 million improvements started at OKC Lake Hefner Water Treatment plant
Oklahoma City started a $44 million improvement project this week for its Hefner Water Treatment plant. The project is aimed at modernizing the plant’s ozone disinfection system and increasing its treatment capacity. The ozone upgrade is one of multiple infrastructure improvement projects the OKC Utilities Department is undertaking to improve resiliency and help meet …
Gulfport shares valued at $86 million to be offered for sale
Gulfport Energy Corporation of Oklahoma City announced the proposed block trade of more than 653,000 shares managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The 653,464 shares of common stock will be offered in transactions on the New York Stock Exchange and in the over-the-counter market. Gulfport shares finished Monday’s trading …
Those “good old days” of cheap gasoline
The good old days of lower gasoline prices. As I recalled the cheap gas I paid as a teenager in Kansas in the 1960s, when Art Soukup at the local Skelly station came out and cleaned your windshield and $1 would let you drive all night around town, I wondered how prices today compared …
