Author's posts
Ovintiv to double shareholder returns
While it reported a first quarter 2022 net loss of $241 million, Ovintiv Inc. still managed a 25% increase in its quarterly dividend. And it plans more drilling activity in Oklahoma. The company released its quarterly finance report this week stating it also plans to double shareholder returns resulting in 2022 returns of $1 …
$4 gasoline hits Oklahoma
The gas hike has hit Oklahoma—hard. More counties now have average gasoline prices of $4 or more than in previous months with the highest average in Coal County where motorists are paying an average $4.32 for a gallon of regular gasoline. The price jump fell in line with what’s happening nationally where the American …
Appeals Court weighs Oklahoma’s challenge of Biden order
Arguments were scheduled to be made Tuesday before a New Orleans federal appeals court in a challenge by Oklahoma and other states of President Biden’s suspension right after he took office of new oil and gas lease sales. The Associated Press reported the hearing was held after a federal judge blocked Biden’s executive order. …
Williams takes aim at new investors
Investors. It’s what major corporations are constantly seeking and the latest such effort by Williams Companies in Tulsa will be later in the month. Alan Armstrong, the company’s President and Chief Executive Officer will be joined by John Porter, Williams’ Chief Financial Officer as they take part in meetings with investors at the 2022 …
Oklahoma legislature targets thieves of catalytic converters
Oklahoma Gov. Kevin Stitt is being sent a bill from the legislature to make it a felony to steal a car’s catalytic converter. Click here for McCarville Report
Other energy headlines
**Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season. The average cost of a retail gallon of gasoline hit $4.374 early Tuesday, according to the American Automobile Association, surpassing …
Chevron to increase Permian Basin production
Chevron, one of the world’s largest energy companies plans to increase its oil production in the Permian Basin. The announcement was in response to crude prices that have lingered more than $100 a barrel over the past several weeks reported the Carlsbad Current-Argus. Click here for Current-Argus
Williams leader points out irony of increased fuel oil use in northeast US
The head of Williams Cos. makes a case for expanded natural gas pipeline construction in the U.S., arguing that environmentalists, in their push for renewable energies, are ignoring the facts. It’s what Alan Armstrong, CEO at Williams said in a sit-down interview with Bloomberg. Click here for Bloomberg
Completion reports for May 9, 2022
WOODWARD COUNTY Orca Operating Company Llc Morrow Sand(8008): Gas 2000 Water 650 Flow 1 22N 20W Hill 1-1, December 16, 2021 DH, GAS, TD: 8300 ft Lat: 36.41231, Long: -99.29883 API: 35153236470000
Permits to drill for May 9, 2022
Alfalfa County WILLIAM A #1-33, May 09 2022 33 29N 12W CNENE API: 00323412 Lat: 36.95485927197395, Long: -98.49309198815018 TRANS PACIFIC OIL CORPORATION SH, DR, 5600 ft, DOUGLAS GROUP(4100), KANSAS CITY(4380), OSWEGO 404OSWG 4600 8 SYLVAN DOLO(5365), CHEROKEE GROUP(4750), MISSISSIPPIAN(4900), MISENER(5340), HUNTON(5355) Canadian County DIVIDE CLARK 1406 #2H-21XX, April 15 2022 16 14N 6W NWSWSWSE API: 01725803 Lat: …