Oklahoma was notified this week that it was one of 34 states along with Puerto Rico to get a share of $900 million to create a national electric vehicle charging network. The Biden administration wants the country to transition away from gas-powered transportation and anything to do with fossil fuels. Tim Gatz, Secretary of …
Category: Oil & Gas
Other headlines
** Despite the high cost of electric vehicles, President Biden this week attended the Detroit Auto Show and encouraged Americans to buy the vehicles. It was his latest anti-fossil fuel effort. ** While the White House still denies the existence of a recession in the U.S., the National Energy Assistance Directors Association reports that roughly 20 …
Denver midstream firm adds Marcellus shale operations
Denver-based Antero Midstream Corporation has expanded its holdings with a $205 million cash acquisition of the Marcellus Shale gas gathering and compression assets of Crestwood Equity Partners LP. of Houston, Texas. Closing is expected in the fourth quarter of this year and is subject to customary regulatory approvals. Paul Rady, Chairman and …
Oklahoma energy stocks gained along with crude oil prices
As crude oil prices gained 1% on Wednesday, it also proved to be another strong day for Oklahoma energy stocks as some had 5% gains. What prompted the oil price increase? It came after an international energy watchdog said it believes there will be an increase in gas-to-oil switching because of high prices this …
Crude oil storage drops again at Cushing Hub
The Cushing crude oil hub in Oklahoma continued its slow decline in total crude oil storage according to the latest government report. The U.S. Energy Information Administration on Wednesday reported the total amount of crude in storage at the northern Oklahoma site as of September 9 was 24.6 million barrels of oil. It was …
Calyx Energy finds more success in Arkoma Basin
Filings with the Oklahoma Corporation Commission this week showed recent completion of a gas well in southeast Oklahoma. It proved to be the latest success for Tulsa-based Calyx Energy III LLC and its drilling projects in eastern Oklahoma. Calyx filed the report showing the Pittsburg County well had production of 10,343 Mcf of natural …
Colorado rancher and oilman spends millions fighting Governor
A northern Colorado rancher tied to the oil and gas industry decided to forego a major solar project and instead, pour $6 million in defeating Gov. Jared Polis in his re-election bid. Check out the story in Colorado Public Radio.
Longtime energy executive named to ConocoPhillips board of directors
ConocoPhillips announced that its board of directors has elected Dennis V. Arriola to serve as a board member. Arriola has spent more than 28 years in the energy sector, most recently serving as chief executive officer of Avangrid, Inc. Prior to joining Avangrid, he served as executive vice president and group president and chief …
Other energy headlines
** The Biden administration is considering replenishing the Strategic Petroleum Reserve when oil dips below $80 a barrel, just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price. ** Investors got a rude awakening with Tuesday’s hotter-than-expected inflation numbers, and the decline in gas prices since June …
Citizen Energy reports completion of Canadian County wells
Two of the latest Canadian County producers were wells on a single pad that had combined oil production of more than 600 barrels of oil a day. Citizen Energy III LLC, of Tulsa drilled the Kolar 1h-35 and the Kolar 2h-35, drilled on a pad at 2 10N 6W , a site about 3 miles west of Mustang. …