Three natural gas wells drilled n a single pad in Atoka County by Trinity Operating USG LLC produced a combined 27,274 Mcf of natural gas. Completion reports filed by the McAlester energy company show the three Kiedaisch wells were completed in October 2022. They are located at 15 2N 12E , a site northeast …
Category: Oil & Gas
Energy briefs
** President Biden unveiled his proposed budget for fiscal year 2024 on Thursday, which in part took aim at billions of dollars of tax subsidies the White House said benefit the fossil fuel industry. According to the White House, the proposed budget would strip $31 billion worth of “special tax treatment” for oil and gas company investments in addition to …
Devon has no plans for deep rush into LNG market
Leadership at Oklahoma City’s Devon Energy made it clear this week it does not want to rush deeper into the global LNG market. President and CEO Rick Muncrief told the CERAWeek by S&P Global conference he anticipates moving only about 10% of Devon’s gross gas volumes into the LNG market reported Hart Energy. Click …
Nebraska and Iowa sue over ethanol indecision by EPA
The government can’t reach a decision soon enough for the Republican Attorneys General in Nebraska and Iowa regarding year-round sales of higher-ethanol fuel blends. So Iowa Attorney General Brenna Bird and Nebraska AG Mike Hilgers announced they intend to sue the Environmental Protection Agency for delaying the decision. It was nearly a year ago …
Keystone operator ordered to reduce pressure on oil flowing to Cushing
T-C Energy said this week it would comply with a federal government order to reduce the operating pressure on the Keystone pipeline where a break in December 2022 spilled nearly 13,000 barrels oil into a northern Kansas creek. The Pipeline and Hazardous Materials Safety Administration (PHMSA) issued the order on Tuesday, requiring TC Energy …
Study shows salt caverns to hold hydrogen for future power generation
Salt caverns throughout the Midwest are used to store natural gas and oil and now researchers at the University of Texas have issued a study showing the same caverns could be used to store hydrogen for future power generation. Hydrogen is looked at as a form of alternative energy and the study by the …
Reports show Oklahoma’s economy is expanding thanks to increased oil and gas revenue
Boosted by record receipts from oil and gas production, Gross Receipts to the Treasury in February show the state’s economy continues to expand despite ongoing inflationary pressure, State Treasurer Todd Russ announced Wednesday. Collections for the past year are $17.62 billion, up by 12.9 percent, compared to the 12-month collection total in February 2022 of …
Mewbourne reports more wells in Northwest Oklahoma
Mewbourne Oil Company added two more northwest Oklahoma wells to its list of completions in recent months in that region of the state. The Texas company showed another Ellis County well, the Thelma 8/17 Dm 3h, drilled at 5 18N 24W, a site about 5 miles south of the town of Arnett. Two previous Mewbourne …
Short energy stories
** John Kerry, the Biden administration’s special presidential envoy for climate, believes climate change is a “war” threatening to unleash global catastrophe. To fight it, he told the audience of a Monday CERAWeek session, the U.S will need to rapidly deploy new technology, with the help of Houston’s energy industry. ** U.S. natural gas futures rose about …
Rate hike talk results in big crude oil price drop and OK energy stocks fell too
Crude oil prices took a mean hit on Tuesday, tumbling by $3 a barrel after U.S. Fed chairman Jerome Powell’s comments about the economy simply fueled rate hike fears. West Texas Intermediate crude nose-dived by $2.88 a barrel or 3.6% to close at $77.58 on the New York Mercantile Exchange. Brent crude fell even …