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Energy news in brief
** A new report says President Biden’s federal ban on oil and gas leases in the Gulf of Mexico threatens more than 345,000 offshore oil and gas jobs. ** A sprawling Wyoming ranch long owned by late Texas oil heiress, horse breeder, philanthropist and prolific art patron Anne Windfohr Marion has hit the market for $45 million. ** North Dakota regulators hold their …
Chesapeake and Vine Energy and the search for a new CEO
Leadership at Oklahoma City’s Chesapeake Energy Corporation made it clear last week as they announced the acquisition of energy company Vine, “We’re not Chesapeake of the past. We think this is a competitive advantage.” The declaration came from Mike Wichterich, Chesapeake’s Board Chairman and Interim Chief Executive Officer during a second quarter conference call with …
Will crude oil prices rebound this week?
Friday trading saw another dip in crude oil prices as the International Energy Agency expressed more concern that the spread of coronavirus variants is causing a slowdown in oil demand. So it raises the question whether the fall of Afghanistan over the weekend might take minds off COVID-19 and the impact on crude oil. …
Government hands out $83 million in energy funding
The U.S. Department of Energy awarded $82.6 million in funding to 44 projects that will lower Americans’ energy bills and help meet President Biden’s goal of net-zero carbon emissions by 2050 by investing in new energy efficient building technologies, construction practices, and the U.S. buildings-sector workforce. None of the projects are in Oklahoma but one …
Oklahoma oil leader says Biden has it all wrong
President Biden’s recent call for OPEC to increase its oil production is still reverberating across the oil and gas industry including the Petroleum Alliance of Oklahoma where the headline accused the White House of seeking to kill U.S. oil and natural gas jobs while rewarding dictators. Brook A. Simmons, President of the Alliance called …
Oklahoma rig count falls while national numbers increase
The number of oil and gas rigs active in Oklahoma slipped by one in the past week, resting at 30 while nationally, the rig count jumped by 9 to reach 500 according to the latest report from Baker Hughes Co. Oklahoma’s current count of 30 compares to 11 a year ago. Nationwide, the number …
PSO announces 2021 AEP foundation FFA STEM after-school grant winners
FFA chapters across Oklahoma are receiving a share of more than $38,000 after being named recipients of this year’s American Electric Power Foundation FFA STEM After-School grants. The AEP Foundation is the charitable arm of American Electric Power, parent company of Tulsa-based electric provider, Public Service Company of Oklahoma (PSO). The grant program …
Completion reports for August 13, 2021
CADDO COUNTY Brg Petroleum Llc Marchand(9496): Oil 10 Gas 30 Water 10 Pump 2 11N 11W Hollis Unit 1, May 22, 2021 SH, OIL, TD: 13200 ft Lat: 35.45502, Long: -98.33942 API: 35015217630001 GRADY COUNTY Continental Resources Inc Woodford: Oil 142 Gas 9745 Water 4604 Flow 14 3N 5W Eula Mae 4-23-26xhw, February 09, 2021 HH, GAS, TD: 25895 ft Lat: 34.72592, Long: -97.69445 API: 35051247910000 Continental …
Permits to drill for August 13, 2021
Coal County LDC ##24/25-3H, August 13 2021 13 2N 9E NWSWNWSE API: 02921405 Lat: 34.641393939587395, Long: -96.30985545347279 CANYON CREEK ENERGY ARKOMA LLC SH, DR, 500 ft, HARTSHORNE(500) Coal County LDC ##24/25-4H, August 13 2021 13 2N 9E NWSWNWSE API: 02921406 Lat: 34.64139394275501, Long: -96.30980558679119 CANYON CREEK ENERGY ARKOMA LLC SH, DR, 500 ft, HARTSHORNE(500) Coal County LDC …
Rep. Mullin: America First, Not America Last
By Congressman Markwayne Mullin Americans are paying more for just about everything thanks to President Biden’s out-of-control spending and disastrous policies. Look no further than what it costs to fill up your gas tank. The national average for a gallon of gasoline is $3.18. That’s over a dollar higher than this time last year. While …
