Crude oil prices hit their highest mark in the U.S. since the fall of 2014, settling at more than $92 a barrel. West Texas Intermediate crude for March delivery shot up $2.04 or 2.3% to settle at $92.31 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for April delivery rose …
Category: General
Two Kingfisher County sites yield nearly 10,000 barrels of oil a day
We’re long past the point of sounding like a broken record with reports on massive STACK completions reported by Ovintiv Inc. But the company filed reports in the past week showing an astounding 5,000 barrel a day of oil production from a 3-well single pad site and more than 4,500 barrels of oil from …
Bezo’s aerospace company to expand into Denver
South Denver is apparently about to be the site of an operation of billionaire Jeff Bezos-owned Blue Origin, the aerospace company headquartered in Washington state. The Denver Gazette reports Blue Origin is advertising for 50 jobs in Denver. Blue Origin completed its third human space-flight, the first with six astronauts on board in December …
420,000 gallon oil, water spill cleaned up near Carlsbad
The state of New Mexico says it’s completed cleanup from a 420,000 gallon spill of oil-contaminated water last fall at a site about 5 miles east of Carlsbad. The spill was initially reported in October 2021 reported the Carlsbad Current-Argus. Click here for Carlsbad Current Argus
Other energy news headlines
** The interior solicitor in the Biden administration said in an opinion released Friday that the mineral rights under the original Missouri River riverbed belong to a North Dakota tribal nation. ** ConocoPhillips said traders should be worried about strong oil production growth coming out of the U.S. this year and in 2023, potentially echoing the …
OK Treasurer says New Year sees gross receipts swell
Gross Receipts to the Treasury show Oklahoma’s economy is doing very well at the start of the new year, State Treasurer Randy McDaniel announced. January gross receipts of $1.5 billion are up by more than 27 percent compared to the same month of last year. Twelve-month receipts of $15.5 billion measure growth of more …
AG now says he won’t sue energy companies over winter storm prices
Oklahoma Attorney General John O’Connor apparently is not going to charge up to 100 energy companies with price gouging following high prices during the February 2021 winter storm. The Oklahoman reported O’Connor has notified some natural gas companies that they won’t be facing any state lawsuits over what happened during the historic eve. Click …
Oil and gas rig growth reported by Bakers Hughes
The most recent count of oil and gas rigs from Baker Hughes showed a growth of 3 to a total of 613 rigs in the U.S. while the number in Oklahoma dropped by one to 50 rigs. Nationally, the count included two more oil rigs for a total of 497 nationwide while the number …
New Mexico enviros want EPA crackdown on oil and gas
Environmentalists in New Mexico are urging the Biden administration to crack down on oil and gas operations in their state as the EPA inches closer to new federal regulations on methane emissions. Click here for Carlsbad Current-Argus
Energy Transfer faces criminal environmental charges in Pennsylvania
Dallas-based Energy Transfer, the company that recently completed a $7 billion acquisition of Oklahoma’s Enable Midstream faces criminal and environmental charges over a 2018 pipeline explosion of one of its subsidiaries in Pennsylvania. Attorney General Josh Shapiro and a statewide grant jury recommended nine counts over the construction of the Revolution Pipeline reported the …