Author's posts
Will Friday’s weak gain in crude oil prices grow this week?
Oil prices managed a weak improvement on Friday, ahead of the OPEC+ meet where output cuts were to be discussed. Investors also remained nervous about the massive COVID-19 shutdowns in China along with the growing weakness of the global economy. West Texas Intermediate crude for October delivery rose 26 cents to close at $86.87 …
TC Energy faces another pipeline fight
First its Keystone XL pipeline project was killed by President Biden on the first day he took office and now developer TC Energy Corp. is in the middle of a fight over another pipeline project. Three states are attempting to block the Canadian company’s pipeline aimed at carrying Canadian natural gas to customers in …
EPA switches stance on Trump-era approved offshore project
Developers of a proposed offshore oil export terminal project near Corpus Christi, Texas were handed a setback by the Environmental Protection Agency. The EPA denied a permit for the project claiming it would allow massive pollution. The denial came after the same agency, in the Trump administration had okayed the project reported the Corpus …
Newfield loses North Dakota Supreme Court case
The Supreme Court in North Dakota overturned a lower court ruling that was in favor of Newfield Exploration, a Texas firm that had been accused of underpaying royalties. It’s a decision that could eventually mean millions more to the state’s public schools reported the Associated Press. Click here for AP
Oklahoma’s rig count is steady while national numbers decline
Oklahoma’s rig count held steady for another week as the latest Baker Hughes report showed the state maintaining a count of 65 working oil and gas rigs. Baker Hughes reported the national count fell by 5 to 760. The decline included a loss of 9 oil rigs to 596 while the number of gas …
States in EPA noncompliance for regional haze pollution plans
New Mexico, Iowa, Louisiana and Missouri are among 15 states that received noncompliance notices from the EPA for failing to submit plans to reduce regional haze pollution as required by the Clean Air Act. The EPA gave the states two years to submit a plan that is within EPA guidelines or else the federal …
OKC’s Flywheel Energy makes major expansion in Arkansas shale play
Oklahoma City’s Flywheel Energy just expanded its holdings by 5,000 wells in the Fayetteville Shale play of Arkansas in a purchase from Exxon Mobil Corp. The purchase price was not disclosed by either company but when Exxon acquired the 381,000 acres in 2010, it was in a $650 million deal. Flywheel’s acquisition includes 850 …
Headlines of other stories
** President Joe Biden on Friday brought back John Podesta, a behind-the-scenes veteran at getting things done on climate in past Democratic administrations, to put into place an ambitious U.S. climate program newly revived by $375 billion from Congress. ** Centennial Resource Development Inc. and Colgate Energy Partners II LLC completed their merger on Sept. 1, marking …
Next New Mexico legislative session likely to bring more rules targeting oil and gas
New Mexico’s oil and gas industry will likely be targeted by the state’s legislature when it meets again in January. In the just-concluded legislative session, oil and gas regulators sought more funding to enact new rules and regulations that targeted air pollution from fossil fuel operations. The Carlsbad Current-Argus reported more such bills and …
Permits to drill for September 1, 2022
Dewey County KROWS 36/25 OJ #1HS, September 01 2022 01 17N 18W NENENWNE API: 04323762 Lat: 35.98493165533702, Long: -99.06670572791717 MEWBOURNE OIL COMPANY MU, DR, 17077 ft, SKINNER(9010) Dewey County CHRISTENSEN #1-1MH, September 01 2022 01 18N 15W SWSESESE API: 04323763 Lat: 36.05858368226429, Long: -98.74432261155623 CRAWLEY PETROLEUM CORPORATION HH, DR, 14865 ft, MISS’AN LM(10200) Kingfisher County SARAH 1507 …
