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US and world energy headlines
** The Bureau of Land Management (BLM) announced on Tuesday that it has approved the construction of a 732-mile high-voltage transmission line across the Western U.S. that will help transport renewable energy. The transmission line, called the TransWest Express Project, will run from south-central Wyoming through northwestern Colorado and central Utah before reaching its endpoint in southern Nevada, …
Completion reports for April 11, 2023
CANADIAN COUNTY Camino Natural Resources Llc All Zones Producing: Oil 141 Gas 1684 Water 3612 Flow 5 11N 7W Cattlemans 1107 5-32-6wxh, September 12, 2022 HH, OIL, TD: 18181 ft Lat: 35.45758, Long: -97.96755 API: 35017257760000 MAJOR COUNTY Sandridge Exploration & Production Llc Mississippian: Oil 1344 Gas 792 Water 1152 Flow 36 20N 15W Liam 2015 2-36h, November 03, 2022 HH, OIL, TD: 14168 ft Lat: …
Permits to drill for April 11, 2023
permits: none were processed today
Oklahoma Turnpike Authority puts the brakes to turnpike expansion projects
Saying lawsuits and an investigative audit have interfered with the agency’s ability to enter the bond market, the Oklahoma Turnpike Authority on Tuesday announced a stoppage of all work on its $5 billion long-range plan, ACCESS Oklahoma. The stoppage, effective Friday, April 14, includes work on the Turner Turnpike as well as the widening …
Feds forecast increased Brent crude oil prices and prices at the gas pumps
Expect an increase of 2.5% in 2023 Brent crude oil prices according to the U.S. Energy Information Administration which released its Short-Term Energy Outlook on Tuesday. The government’s prediction came after OPEC and its partner countries announced crude oil production cuts for the remainder of the year. EIA said it expects the Brent crude oil …
Oil made 2% gain while OK energy stocks were mixed in trading
A nearly 2% gain was recorded Tuesday for crude oil prices while Oklahoma energy stocks were mixed. Analysts credited the oil price gain on hopes the Federal Reserve might ease its rate hikes. Some analysts think investors were more optimistic the Fed might bring an end to its rate hikes. West Texas Intermediate crude went …
Canoo threatened with delisting by Nasdaq
Electric vehicle maker Canoo faces a bumpy road if it intends to fulfill its promise of manufacturing vehicles at a newly-acquired plant in Oklahoma City. Nasdaq informed Canoo Inc. on March 27, that it might be delisted from the exchange because its closing price for common stock fell below the $1 per share minimum …
Wildfire danger still present in NW Oklahoma
Despite some rains this week, northwestern Oklahoma and the Panhandle remain under high fire dangers reported the Oklahoma Forestry Division. In a statement on Tuesday, the Division said, “Friday is of particular concern ahead of another cold front that pushes near-critical to critical fire weather into northwestern/western Oklahoma and storm chances further east.” Rainfall …
PSO claims ratepayers will see lower bills due to $2.4 billion renewable energy project
Oklahoma Corporation Commissioners were told Tuesday that ratepayers of Public Service Company will eventually see a rate reduction through the company’s proposed $2.4 billion acquisition of solar and wind farms in Kansas and the Texas Panhandle. “The benefits are immense,” testified Matt Horeled, Vice President of Regulatory and Finance for PSO during a hearing …
Can Devon continue with historic revenues?
After an historic year in earnings in 2022, Devon Energy will release plans to release its first-quarter 2023 financial results Monday, May 8. The Oklahoma City-company said the release will be made after the close of U.S. financial markets and leadership will hold a conference call the next day, Tuesday, May 9 at 10 …