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Increase in crude stored at Cushing hub
U.S. crude oil supplies grew this week and the same could be said of the crude in storage at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration reported the amount of crude held at Cushing increased by 400,000 barrels to reach a total of 26.3 million barrels as of April 8, …
IPO boosts Kaiser’s wealth to $9 billion
Tulsa billionaire George Kaiser increased his fortune by more than $1 billion with a recent public offering of his Excelerate Energy inc. The Bloomberg Billionaires Index shows the IPO added $1.4 billion to his fortune and increased his net worth to $9.2 billion reported Bloomberg. Click here for Bloomberg
Permits to drill for April 13, 2022
Custer County STATE #2-36, April 13 2022 36 13N 17W N2S2NENE API: 03921048 Lat: 35.56368342319514, Long: -98.95350253615543 ARNOLD OIL PROPERTIES LLC SH, RC, 11820 ft, COTTAGE GROVE(9342), CHEROKEE(11347) Grady County JOE T WEBSTER 34-3 #1WHX, April 13 2022 34 3N 5W NWNENWNW API: 05124934 Lat: 34.69514241182447, Long: -97.71899495176329 WARWICK-JUPITER LLC MU, DR, 24700 ft, WOODFORD(14400) Grady County …
Completion reports for April 13, 2022
CANADIAN COUNTY Camino Natural Resources Llc Mississippian(9737): Oil 194 Gas 1271 Water 2987 Flow Mississippian(9737): Oil 68 Gas 1191 Water 100 Flow 31 12N 7W Garth Brooks 1107 6-7-1mxh, May 29, 2019 HH, GAS, TD: 18144 ft Lat: 35.46553, Long: -97.97656 API: 35017254200001 CREEK COUNTY Barden/bass Oil & Gas Exploration Company Inc Gilcrease(2910): Oil 2 Water 10 Pump 13 14N 9E Llama 13-2, September 28, 2020 SH, OIL, TD: …
Supreme Court referee hears more utility bond cases
An Oklahoma Supreme Court referee heard arguments Wednesday as three utilities sought nearly $3 billion in ratepayer-backed bonds to pay for their 2021 February storm costs. The Oklahoma Development Finance Authority pitched the requests in all three separate hearings before referee Kyle Rogers. The hearings were held publicly but not aired live over the …
Crude still above $100 with a 4% jump
Crude oil prices rose 4% on Wednesday and hit a 2-week high even as U.S. crude inventories grew. The jump came as global markets are set to lose more Russian oil. West Texas Intermediate crude for May delivery went up $3.65 and settled at $104.25 a barrel in trading on the New York Mercantile …
ONG seeks rate hike
Documents show that a week before Oklahoma Natural Gas Company filed for Supreme Court approval of $1.4 billion in ratepayer-backed bonds to pay for February 2021 storm costs, the company also filed a request with the Corporation Commission to raise rates on its customers. The March 15 application by ONG asked regulators to increase …
Oklahoma regulators to meet Thursday
The Thursday morning meeting of the Oklahoma Corporation Commission will include an update on the commission’s Electronic Case Filing System. It will be part of a regular meeting that starts at 9:30 a.m. The agenda released on Wednesday indicated commissioners will receive a status and update on communication, training and utilizing the ECF system. …
National Sierra Club suspends Colorado chapter
All is not well in the Colorado chapter of the Sierra Club. The Sierra Club moved this week to suspend its Colorado chapter leadership for four years, citing “harmful and non-inclusive management culture” issues. E&E News reported the Club’s board of directors voted to put the Colorado organization under temporary leadership until 2026. The report …
PSO to highlight environmental record on eve of Earth Day
Public Service Company of Oklahoma plans to highlight its environmental performance along with the opening of the largest wind farm built at one time in North America on Wednesday. The company will make a presentation Wednesday morning at the Tulsa Enviro-Expo, Guthrie Green, 111 E. Reconciliation Way. PSO is a subsidiary of American Electric …
