When Oklahoma U.S. Sen. Jim Inhofe and Democrat Sen. Jack Reed of Rhode Island announced the agreed-upon National Defense Authorization Act, one thing was missing. Sen. Joe Manchin’s proposed changes to permitting. They were not included in the NDAA for Fiscal Year 2023 and Sen. Inhofe’s announcement said nothing of the exclusion. Manchin chairs …
Category: General
Lots of new wells completed in Oklahoma
Some of the latest wells completed in Oklahoma aren’t “head turners” in oil production, but they’ll do nicely for someone’s bank account. Plus, they count as success for some of the energy companies. First, how about the 3 natural gas wells drilled by Trinity Operating USG LLC in Pittsburg County. Combined production? Nearly 66,000 …
Closing a coal plant means higher costs for New Mexico utility
Higher fuel costs and delays in the construction of new solar plants are hitting Public Service Company of New Mexico after it closed its coal-powered plant near Farmington. As a result, the company turned toward wholesale markets where natural gas prices are at 15-year highs. The Albuquerque Journal reported PNM also finds itself in …
Texas solar and wind power will outpace natural gas in 2023
The government predicts most of the electricity generated in 2023 in Texas will be from from solar and wind power and not natural gas or coal. The U.S. Energy Information Administration made the declaration in its short-term energy outlook report released Tuesday. Click here for The Week
Crude drops again along with Oklahoma energy stocks
Another drop for crude oil prices, thanks to the uncertainty of the market. Oklahoma energy stocks also suffered losses in the day’s trading. West Texas Intermediate crude for January delivery, considered the U.S. benchmark, dropped $2.68 a barrel to settle at $74.25 on the New York Mercantile Exchange. Global benchmark Brent crude fell below …
Lawler named new President and CEO at Continental Resources
Continental Resources, Inc. named Doug Lawler as the company’s new President and Chief Executive Officer, just two weeks after found Harold Hamm and his family returned the publicly-traded company to their private control. The Oklahoma City-based company announced Tuesday the name of Lawler who had been President and Chief Operating Officer. “Doug is …
Utility blames wildfire death on 140-mile an hour winds
A Montana utility along with a nationally-recognized tree control firm deny they were responsible for a woman who died in a wind-whipped wildfire last year in Wyoming. Beartooth Electric Cooperative and Asplundh Tree Expert blame the out-of-control fire on a 140-mile an hour winds in the town of Clark according to Cowboy State Daily. …
Headlines of other stories
** Sen. Joe Manchin’s (D-W.Va.) proposed changes to permitting were not included in the final text of the National Defense Authorization Act, marking a failed effort by Democratic leadership to attach a measure that was opposed by both progressives and conservatives. ** Circle K, a global leader in convenience and mobility, announces its first-ever U.S. nationwide …
Texas truckers are largest offenders of Oklahoma trucking enforcement laws
A monthly report shows that most of the more than 4,600 traffic citations written by Oklahoma Corporation Commission Motor Carrier officers in October involved Texas trucks on Oklahoma highways. Corporation Commissioners were told this week the October total was 4,642 citations and 1,278 or nearly 28% were issued to Texas truckers. California truckers made …
Laredo Petroleum promotes investments
In addition to change its name to Vital Energy as of January, Tulsa’s Laredo Petroleum updated its December Investor Presentation. The company reported fourth quarter daily oil production above the high end of guidance range of 72.5 thousand to 75.5 thousand barrels of oil a day. Its fourth quarter capital investments are expected to …