More well activity is coming in Carter County. Kodiak Oil & Gas Inc received a permit to recomplete the HHU #7-13, at 27 4S 2W, a site just outside the Black Gold Casino in the town of Wilson. Prairie Gas Company of Tulsa received a permit to drill the JANZEN #1-32 HP, north of the community …
Category: Oil & Gas
Crude oil prices drop and take OK energy stocks with them
Crude oil prices in the U.S. took a nearly $2 drop in trading on Wednesday and dragged Oklahoma energy stocks down with them. West Texas Intermediate crude for December delivery dropped $1.99 and finished the day at $82.66 in trading on the New York Mercantile Exchange. Global benchmark Brent crude, also for December delivery, …
Quarterly distribution announced by Enable Midstream
Enable Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended Sept. 30, 2021. The distribution is unchanged from the previous quarter for the Oklahoma City-based company. The quarterly cash distribution of $0.16525 …
United Energy announces update to major acquisition
United Energy announced it is moving ahead with plans to acquire the remaining 51% of some 200,000 acres and 2,200 wells in the Cherokee Basin of Northeast Oklahoma and Southeast Kansas. Nearly 3-weeks after the Plano, Texas-based company announced it had acquired 49% of the Cherokee Basin, it followed up Wednesday with another announcement …
Biofuels Senators can’t get the White House’s attention
Republican Senators from Kansas, Iowa, Nebraska, South Dakota and North Dakota are beating the drums to get a meeting with the White House to talk about biofuels policy. They’re not so sure the Energizer Bunny could do any better. An earlier push led by South Dakota Sen. John Thune got no where and this …
Stage is set for oil and gas industry fight with New Mexico’s Democratic Governor
New Mexico’s Democratic Gov. Michelle Lujan Grisham is apparently ready to turn her 2019 carbon emissions executive order into law in the coming months—and the oil and gas industry warns it’ll crush the state’s economy. The governor wants the state to cut all carbon emissions from every sector by 2050. Republican legislators responded by claiming …
Phillips 66 to buy remaining stake in partnership for $3.4 billion
Phillips 66 says it’s buying the remaining units of Phillips 66 Partners that it does not already own in a $3.4 billion deal announced Wednesday. The refiner, reported Reuters, intends to simplify its governance and corporate structure. Click here for Reuters.
The headlines of other energy news stories
** Texas oil exploration and production companies added 2,900 jobs in September, a sign of the industry’s ongoing recovery from its pandemic slump. ** Louisiana Gov. John Bel Edwards will travel to Scotland this week to promote the state as a location for clean energy projects at the United Nations Climate Change Conference. ** A U.K.-based holding company announces plans to reopen …
Odessa, Texas shaken by 2 earthquakes
Like Oklahoma, the state of Texas has discovered that its saltwater injection wells might be the cause of earthquakes. Two quakes measuring 3.4 and 3.6 magnitude rattled Odessa, Texas Tuesday evening around 5 o’clock. Texas regulators were in the process of asking a handful of oil companies to reduce their saltwater injections into disposal …
Crude oil climbs again—OK energy stocks slumped
Crude oil prices made another rung in the ladder of higher prices on Tuesday inching closer to $85 a barrel in the US while settling at a strong $86 a barrel in Europe. But it didn’t help most Oklahoma energy stocks. West Texas Intermediate crude for December delivery finished up 89 cents at $84.65 …