Denver’s Ovintiv Mid-Continent Inc. proved there’s still a lot of oil to be found in Oklahoma’s STACK play as the company filed completion reports on four late-2020 wells with combined total production of 4,164 barrels of oil a day. The four big-producing wells, drilled on a single pad in Kingfisher County at 15 15N …
Put some West Virginia leaders among those critical of the President’s cancellation of the Keystone XL pipeline, a decision they believe will affect their state’s economy. “We know we are dealing with folks who really don’t respect America’s energy independence and that is terrible for West Virginia,” said Attorney General Patrick Morrisey, R-W.Va. in …
Permian driller Ring Energy has decided it no longer wants to be headquartered in Midland, Texas. It’s moving the corporate headquarters to Houston and also closing an office located in Tulsa, Oklahoma. The move was actually effective on Jan. 19 when the company operations were based out of The Woodlands, Texas, a suburb of …
After Utah tribe expressed anger over President Biden’s announced 60-day freeze on drilling permits and leases on federal lands, the government decided the freeze didn’t apply to tribes. The Department of Interior came out this week with an announcement that Native American tribes are exempt from the temporary suspension reported Reuters. Click here for …
Investors saw a bounce-back of crude oil futures in trading on Monday. But most Oklahoma energy stocks weren’t so fortunate. West Texas Intermediate crude, considered the benchmark U.S. crude oil, rose 50 cents to $56.77 a barrels for March delivery. Brent crude, the global benchmark, rose 47 cents for March delivery at $55.88 a …
Crude oil futures for March rose on Monday as information was released showing increased crude oil inventories at the Cushing storage hub in Oklahoma. They are more than 80% of the hub’s storage capabilities. Reports indicate the levels are close to those of April 2020 when the inability of investors to store their oil led …
That’s a rare sight these days in Oklahoma. A drilling rig with activity around it. The latest Baker Hughes Company report indicated Oklahoma had only 17 rigs actively drilling for oil and gas in the past week. A drive in western Oklahoma reveals the stark reality of the impact of the COVID-19 pandemic—the plunge …
While Oklahoma Gov. Kevin Stitt wants to hold negotiations with leaders of the five Civilized Tribes to discuss how to move ahead from the McGirt Supreme Court ruling, a State Supreme Court case is slowly proceeding on the question—who has regulatory authority over the tribal lands? The State? Or the Tribes? So far, the …
President Biden’s cancellation of the US permit allowing construction of the Keystone XL pipeline is likely to have a positive impact on a rival pipeline in Canada and result in more long-term contracts for Enbridge Inc which runs North America’s Mainline oil network. Reports indicate Enbridge, based in Canada will sell long-term contracts for …
While some Native American tribes in the U.S. stood up against the Keystone XL pipeline planned for Montana, South Dakota and Nebraska, Canadian tribes supported the controversial line killed by President Biden. Several invested $1 billion in the pipeline. Now they’re saying his actions were an economic blow to them. Some Canadian tribes actually …
