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Cushing crude stocks dropped in late August
After a slight increase earlier in August, the Cushing hub’s stock crude oil dipped again in late August. The latest report from the U.S. Energy Information Administration showed Cushing held 25,284,000 barrels of crude oil as of August 26. It was a decline from the 25,807,000 barrels reported as of August 19. Crude stocks …
Gasoline prices continue their fall
While U.S. wholesale gasoline prices dropped to their lowest levels since before Russia’s war against Ukraine on Wednesday, prices fell to an average $3.43 a gallon in Oklahoma. U.S. gasoline futures fell as low as $2.58 a gallon, the lowest price since Feb. 18 before Russia invaded Ukraine. Oklahoma’s average of $3.43 compared …
Headlines
** A group of 34 Democrats and 16 Republicans in the U.S. House wrote a letter to President Joe Biden on Thursday expressing their concerns about the administration’s efforts to revive the Iran Nuclear Deal. ** U.S. wholesale gasoline prices fell to their lowest levels since before Russia’s invasion of Ukraine on Wednesday, suggesting motorists …
Permits to drill for August 31, 2022
Alfalfa County PRESNALL TRUST #2-6, August 18 2022 06 24N 12W NWSESWNW API: 00323414 Lat: 36.58865796471741, Long: -98.53080709298669 KLO LLC SH, DR, 6100 ft, DOUGLAS(4537), COTTAGE GROVE(5295) Alfalfa County DAVIS 7-28-11 #2H, August 31 2022 07 28N 11W SESESWSE API: 00323416 Lat: 36.913964869800616, Long: -98.41903103818541 BCE-MACH LLC HH, DR, 10362 ft, MISSISSIPPI(5048) Canadian County MINNIE 1-14N-9W #3MH, …
Completion reports for August 31, 2022
CADDO COUNTY Urban Oil & Gas Group Llc 27 12N 12W Brooks 1-27, April 29, 2022 SH, DRY, TD: 12200 ft Lat: 35.48334, Long: -98.45907 API: 35015225640001 CARTER COUNTY C E Harmon Oil Inc Springer Sand: Oil 40 Gas 33 Water 30 Pump 7 2S 3W Dotson B #4, March 03, 2022 SH, OIL, TD: 15453 ft Lat: 34.40374, Long: -97.55023 API: 35019230020001 …
Crude oil prices dropped again and so did OK energy stocks
Growing worries that the global economy will only worsen because of China’s renewed COVID-19 restrictions sent crude oil prices slumping even more on Wednesday. Oklahoma energy prices ended up with a weak day of trading. West Texas Intermediate crude for October delivery dropped $2.09 to $89.55 a barrel on the New York Mercantile Exchange. …
Some areas of Oklahoma missed out on rain in the past week
Where the rain fell and where it didn’t in Oklahoma over the past week. Take a look at the Oklahoma Mesonet map showing rainfall amounts and you might start understanding why the drought persists in the western part of the state.
LSB Industries to be part of Credit Suisse conference
Leadership at Oklahoma City’s LSB Industries, Inc. will take part this month in the Credit Suisse 35th Annual Specialties & Basics Conference. Executive Vice President & CFO Cheryl Maguire will seek new investors at the event on Wednesday, September 14 starting at 8:30 a.m. CT. Maguire will be available for one-on-one meetings all day. …
Governor’s fundraiser picketed by Norman turnpike opponents
Norman area residents wanted to make sure Oklahoma Gov. Kevin Stitt knew of their opposition to the proposed new turnpike that would come through their city, so they picked at one of his fundraising events this week in Oklahoma City. Members of Pike Off OTA picked at a fundraising luncheon for the governor Tuesday …
West Texas pipeline expansion planned by Magellan Midstream
Magellan Midstream Partners, L.P. announced this week plans for a $125 million expansion of its refined petroleum productions pipeline system in southwest Texas. The Tulsa-based company plans to extend the system from the Houston area to El Paso, Texas. It currently is capable of transporting nearly 70,000 barrels of oil a day of refined …