Oklahoma is among 21 states recently offered another $775 million in federal funding to clean up abandoned and low-producing oil and gas wells. Oklahoma was offered up to $102.6 million but it’s not confirmed yet whether the state accepted the offer to continue plugging of thousands of orphan wells. OK Energy Today is awaiting …
Category: Oil & Gas
Heat prompts SPP to issue Energy Emergency Alert
The effects of widespread high temperatures have led to tightening electric reliability conditions in Southwest Power Pool’s (SPP) 14-state service territory in the central U.S. The grid that covers Oklahoma issued an Energy Emergency Alert 1 (EEA1) effective at 12:30 pm central time and until further notice. The declaration of an EEA1 does not …
Energy briefs
** A fire broke out at a parking lot at Rivian Automotive’s manufacturing facility in Normal, Illinois late on Saturday damaging many of its electric vehicles, the U.S. startup said on Sunday. ** The car industry is backing away from rolling out electric vehicles in favor of hybrid options, indicating more defeats to the Biden-Harris administration’s efforts …
$31 million in government funds added toward geothermal development
Another $31 million in government money is being handed out by the Biden administration toward geothermal energy projects. The U.S. Department of Energy announced the funding is part of “Building on President Biden and Vice President Harris’s Investing in America agenda.” The funds are reported to be an effort to advance geothermal energy …
Fastest and highest oil producing counties in the country
Oklahoma oil and gas companies such as Devon Energy have a very good reason why they’re drilling for oil in southeast New Mexico, part of the Permian Basin. They’re part of historic oil production. New Mexico’s Lea and Eddy Counties are becoming the most prolific producers of crude oil in the country. How prolific? …
Oklahoma regulators will get back to normal business
Oklahoma Corporation Commissioners will meet this week and for the first time in a few weeks, the matter of the Todd Hiett scandal is not on the agenda. The agenda does not include any discussion of the allegations that he drunkenly attempted to grope a man at a hotel bar in June in Minneapolis, …
Big oil and gas mergers don’t mean more business for small oil firms
While the growing number of corporate mergers in the oil and gas industry attracts big headlines with the word “billions” rather than “millions,” there’s an apparent downside to such deals. The mergers often mean locally-owned and family-operated companies that rely on the big firms are left out. The deals don’t mean more business for …
Drillling activity slips in the Williston but grows in the Permian
The nation’s oil and gas rig count slipped by one in the past week as the drilling activity in the Williston Basin of North and South Dakota declined. The Baker Hughes rig count released Friday showed Oklahoma saw a gain of one to reach 38 total oil and gas drigs, down only one from …
Alliance optimistic courts will rule against anti-ESG laws
A national group that believes Oklahoma’s anti-ESG law is a politicization of pension funds is tracking the legal fight as it stands in Oklahoma County District Court. In a recent release, the Alliance for Prosperity and a Secure Retirement noted how the Oklahoma Energy Discrimination Elimination Act of 2022 is finding stiff resistance …
Energy briefs
** Midwest grid operators MISO and Southwest Power Pool seek federal approval for changes to their joint operating agreement that would advance $1.7 billion in transmission projects and enable up to 30 GW of new generation. ** An Iranian hacker group this spring attempted to breach multiple Utah government sites, including state data related to oil and gas. ** …