New reports filed by Cimarex Energy Co. show the firm completed 3 Canadian County wells, two on a single pad and one across the road, with combined production of nearly 1,800 barrels of oil a day. All three were Leota wells drilled close to the town of Calumet and production was out of the …
Category: Oil & Gas
Oil and gas activity slows in North Dakota
A new report shows oil and gas production along with drilling activity have declined in recent months in North Dakota, one of the three top energy producing states in the U.S. and also the place where Oklahoma’s Continental Resources developed its national reputation. The state’s Department of Mineral Resources released figures showing fewer drilling …
Energy headlines
** Freeport LNG’s long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data. ** Routine groundwater monitoring ended a decade ago in New York City, but federal officials want to resume observations as rising sea levels and …
Big schedule of refinery maintenance could send gasoline prices higher
Gasoline prices could rebound this spring as nearly as twice as many refinery operators in the U.S. plan overhauls and resumption of their maintenance. Those overhauls will mean a slight shortage of gasoline and other fuels while the work and maintenance are underway reported Reuters. Click here for Reuters
New Mexico enviros want Biden to follow through with drilling ban on federal lands
New Mexico’s oil and gas industry warns its operations on public lands in the state risk being at peril if environmentalists are able to convince Interior Secretary Deb Haaland to fulfill President Biden’s promise to ban new oil and gas leasing on federal land. It’s what environmentalists contend in their most recent letter to …
Oil slipped Wednesday and OK energy stocks suffered
A 1% slide for crude oil prices was recorded in Wednesday’s trading while Oklahoma energy stocks felt the pain of losses for the day, including one firm with a 9% fall. Crude prices made early gains but they were lost later in the day over growing thoughts of a U.S. recession. West Texas Intermediate …
Regulators at odds over public records request
Oklahoma Corporation Commissioner Bob Anthony’s latest effort to learn more details of what led to the approval of some of the 2021 Winter Storm rate cases for utilities was shot down again as Commission Chairman Todd Hiett labeled Anthony’s efforts “nefarious.” Anthony had been in a struggle with the Commission’s Brandy Wreath, who is …
ONEOK’s 4Q earnings report to be issued Feb. 27
The fourth quarter earnings of ONEOK, Inc. will be released to the public in late February. The company announced the report will be released after the market closes on Feb. 27, 2023. Management will take part in a conference call the next day, Tuesday, Feb. 28 at 10 a. m. Central Standard time. The …
Frac operations grow at OKC”s Mammoth Energy Services
Mammoth Energy Services, Inc. announced its wholly owned subsidiary Stingray Pressure Pumping LLC (“Stingray”) has put an additional frac spread into operation. This brings Stingray’s total operational frac spread count to five. The infrastructure services division of the Oklahoma City-based company continues to expand both in geographic area as well as bidding activities for …
Oil and gas production to climb in Anadarko and Permian Basins
Oil and gas production in the Anadarko Basin is expected to grow in the coming month according to a report by the U.S. Energy Information Administration. At the same time, the Permian Basin will also see large gains in oil and gas production. The EIA issues a report this week expecting oil production in …