Author's posts
Surprise! Panasonic might pick Oklahoma for a 2nd $4 billion battery plant
Oklahoma might not be out of the running for a $4 billion Panasonic battery plant. After Panasonic Holdings Corp. chose a site in Kansas for the first such plant, now the firm is indicating it wants to build a second plant to supply electric-car maker Tesla. The Wall Street Journal reported Friday that Panasonic …
Slight growth in rig numbers nationally while Oklahoma is unchanged
The latest figures from Baker Hughes showed an increase of 3 rigs to bring the national rig numbers to 765 while in Oklahoma, the count was unchanged from a week ago. Oklahoma’s count stayed at 65, more than double the 31 rigs reported in the state a year ago. Nationally, the new figures showed …
Permits to drill for August 25, 2022
Creek County CITY PARK #1, August 25 2022 06 17N 7E SWNWNENE API: 03729496 Lat: 35.98770484499748, Long: -96.60585080051742 LITTLE RIVER ENERGY COMPANY SH, DR, 3200 ft, CLEVELAND (JONES)(1825), OSWEGO(2300), PRUE(2375), SKINNER(2550), RED FORK(2625), 1ST WILCOX(2850), 2ND WILCOX(2950) Kingfisher County SARAH 1507 #2H-29, August 25 2022 29 15N 7W SENWSESW API: 07326917 Lat: 35.74276587209528, Long: -97.97087990874307 OVINTIV USA …
Completion reports for August 25, 2022
CANADIAN COUNTY Camino Natural Resources Llc Mississippian(9586): Oil 672 Gas 4177 Water 1701 Flow 27 12N 7W Hunt 1207 27-22-6mxh, April 09, 2022 HH, OIL, TD: 20240 ft Lat: 35.47967, Long: -97.93193 API: 35017257120000 HUGHES COUNTY Tilford Pinson Exploration Llc Booch(2812): Oil 2.5 Water 10 Pump Savanna(2632): Oil 30 Water 1 Pump 3 5N 9E Patrick 1-3, August 11, 2022 DH, OIL, TD: 3105 ft Lat: 34.92975, Long: …
Crude prices drop as investors worry what new Iranian nuclear deal will mean
Nervous and anxious investors worried about the return of sanctioned Iranian oil exports in a new nuclear deal with a Biden administration were behind a nearly $2 a barrel decline Thursday in crude oil prices. They also are waiting on Friday’s scheduled remarks in Jackson Hole, Wyoming where U.S. Federal Reserve Chairman Jerome Powell …
Anadarko Basin drilling activity is at 3-year high
A weekly rig report by Enverus showed a slight decline nationally while the Anadarko Basin not only hit a 2k022 high but its highest activity level in nearly three years. The Anadarko Basin was up by one in the past week to reach 76 active rigs in Oklahoma and parts of Texas where the …
Haaland to visit New Mexico this weekend
lnterior Secretary Deb Haaland returns to her home state of New Mexico this weekend in a campaign effort to promote President Biden’s Inflation Reduction Act. The Albuquerque Journal reported Haaland, a former Democratic congresswoman appointed last year to be U.S. Interior Secretary plans to use the visit to the northern part of New Mexico. …
Fort Collins based power authority considers joining Southwest Power Pool
The Southwest Power Pool of which Oklahoma is a member might soon pick up a new member—Platte River Power Authority based in Fort Collins, Colorado. The SPP announced Thursday it had received Platte River’s notice of intent to join several western entities evaluating participation in the SPP’s regional transmission organization. In January 2022, Platte …
Manufacturing slowdown reported in Oklahoma by Federal Reserve Bank
While the Biden administration argues whether the nation is in a real recession or not, manufacturing in Oklahoma and other states that make up the Tenth District for the Federal Reserve Bank of Kansas City slowed in the past several weeks along with future activity. But Chad Wilkerson, vice president and economist at the …
US crude inventory slipped while Cushing’s grew
While the U.S. commercial crude inventories declined by more than 3 million barrels in the past week, inventories at the Cushing oil hub in northern Oklahoma increased slightly. Cushing’s inventory amounted to 25.8 million barrels as of August 19, according to the U.S. Energy Information Administration. It was a gain of 400,000 barrels compared …