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ERCOT inspecting more than 300 Power Plants to ensure Texas Power Grid is ready for winter
The Electric Reliability Council of Texas (ERCOT) has announced that by the end of this month, they’ll have inspected more than 300 power generation plants making sure they weatherized to beef up the electric grid in the state. TV stations KTSM and KVUE reported it’s part of the governor’s efforts to reassure residents that …
ConocoPhillips announces preliminary 2022 Capital Expenditures budget
ConocoPhillips on Monday announced several updates that highlight the company’s differentiated value proposition including more than $7 billion in 2022 capital expenditures. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion. The announcement reflects the addition of Shell’s Permian …
Xcel Energy hedges against gas cost to save on bills
Months after the catastrophic winter storm energy crisis, Xcel Energy announced hedging steps to cut the impact of high natural gas prices this winter. The Amarillo Globe News reported the utility company said it is leaning on other power generating sources to maximize the efficiency of its power plants running on natural gas. Click …
COVID variant affects World Petroleum Congress in Houston
The spread of the Omicron COVID-19 variant is affecting the attendance at this week’s World Petroleum Congress underway in Houston. Reuters reported there is a “sharply trimmed roster” of energy executives and government ministers gathered to deal with the oil market’s future. Click here for Reuters.
Drilling activity remains steady across Oklahoma and US
The latest Baker Hughes Co. rig report showed no gain nor loss in the number of oil and gas rigs across the U.S. At the same time, Oklahoma’s numbers were the same as the previous week—44 rigs. The national count was unchanged at 569 rigs including 469 oil drilling rigs and 102 gas rigs. …
Beall joins Petroleum Alliance staff
The Petroleum Alliance of Oklahoma has named Keith Beall as its senior vice president of government affairs and public policy. In his new role, Beall will lead The Alliance’s advocacy efforts on behalf of the state’s oil and natural gas industry at the state legislature and in Washington, D.C. Beall was most recently the …
Completion reports for December 3, 2021
completions: none were processed today
Permits to drill for December 3, 2021
Dewey County AMANDA JUNE #1-24MXH, December 03 2021 24 18N 16W NWNENENE API: 04323736 Lat: 36.02806416788969, Long: -98.85149269104973 CRAWLEY PETROLEUM CORPORATION HH, DR, 21100 ft, MISSISSIPPI LIME(10700) Dewey County KENNETH #1-34MH, December 03 2021 27 19N 16W S2S2SESE API: 04323735 Lat: 36.08717170681959, Long: -98.88744070724033 CRAWLEY PETROLEUM CORPORATION HH, DR, 13600 ft, MISSISSIPPIAN(10460) Kingfisher County EMORY #1708 5H-15X, …
Energy news headlines on Monday
** Virginia panel denies air permit to Mountain Valley Pipeline extension. The 75-mile extention had been expected to be completed and in service sometime in 2023, a year after the hoped-for operation date of the larger Mountain Valley Pipeline. ** Helium prospecting is picking up in north-central Montana with Canadian companies expanding south after years of development in …
Energy Transfer completes acquisition of Enable Midstream
Dallas-based Energy Transfer LP and Oklahoma City-based Enable Midstream Partners, LP announced the completion of their previously announced merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy, Inc. and OGE Energy Corp. , which together owned approximately 79% of Enable’s outstanding common units. Effective with …
