A new drilling production report announced Monday by the U.S. Energy Information Administration showed the Anadarko Basin, of which Oklahoma is a primary state has some of the highest drilled but uncompleted wells in the U.S. Producers managed to trim the number from 838 in July to 819 by August 2021. But the …
Category: Oil & Gas
Oklahoma energy stocks rebounded Monday while oil prices rose
Hurricane Ida’s impact on U.S. crude oil production resulted in prices reaching a six-week high in Monday’s trading. Prices might have also been affected by the arrival of yet another storm hitting the coast of Texas on Monday. West Texas Intermediate crude for October rose 73 cents or 1.1% before finishing the day at …
Ovintiv’s love affair with Oklahoma’s STACK
Sorry to sound like a broken record (young readers might ask “what’s that?”) but Ovintiv is at it again with large producing oil wells in Oklahoma’s STACK. The company’s latest venture in Kingfisher County were two Connie Fed 1608 wells on a single pad at a site about 5 miles west of Kingfisher where …
Public Service Company of New Mexico proposes $300M in bonds
A plan to issue $300 million in bonds was announced by the Public Service Company of New Mexico as part of its move to pull out of the Four Corners Power Plant. Company leadership maintains it will save $30n million to $300 million for customers over the long haul reported the Santa Fe New …
Energy news in brief
** A United Nations committee’s recently announced investigation into possible tribal treaty rights violations involving the Line 3 pipeline gives hope to opponents of the Line 5 pipeline in Michigan. ** More than 2,300 oil and chemical spills have been reported in the two weeks since Hurricane Ida, and about 900 have yet to be investigated, but the volume …
Tesla gets around New Mexico’s ban selling cars straight to consumers
Tesla has opened a sales, service, and delivery center in New Mexico on Native American land, The Santa Fe New Mexican reported. The move allows it to bypass legislation that bans automakers from selling their vehicles straight to consumers in the state, rather than through third-party dealers, the publication reported. Nambé Pueblo in Santa Fe County isn’t subject to the …
Calls are made for Oklahoma regulation of oilfield radiation
Oklahoma’s lack of regulatory authority over radiation management in the state’s oil and gas industry has some making calls for such oversight. While other states have such regulatory enforcement of oilfield radiation, there is no such power in Oklahoma as the Sunday Oklahoman reported. Click here for Sunday Oklahoman.
Oklahoma utilities to review upcoming winter gas supplies
Seven months after an historic winter storm resulted in rolling blackouts and Oklahoma utilities scrambling to find fuel to power electricity production, those same firms are going before state regulators to discuss the upcoming winter season. Oklahoma Corporation Commissioners will meet Tuesday morning and hear presentations by the companies on perspectives related to natural …
Oil groups argue against protections for lesser prairie chicken
The federal government’s move to prevent the extinction of the lesser prairie chicken in Oklahoma, Texas, Colorado and parts of New Mexico has drawn the opposition of the oil and gas industry. Comments were recently filed in the Federal Register in which industry leaders argued that listing the chicken as endangered under the Endangered …
Colorado high court won’t hear appeal over $100 million lawsuit against fertilizer plant
The Colorado Supreme Court declined to hear an appeal from the Colorado Department of Public Health and Environment about a biogas plant that generated complaints about the smell from neighbors in Weld County. Click here to read Colorado Sun.