Oklahoma Corporation Commissioners could decide Monday whether to grant a request by Public Service Company of Oklahoma to securitize nearly $732.5 million in costs related to the February 2021 winter storm that hit the state. The item, listed as CAUSE NO. PUD 202100076 is the only issue to be considered by commissioners in their 1:30 …
Category: General
Crude oil prices closed down on last day of 2021 trading
Crude oil prices finished 2021 with a drop but for the year, prices still posted their biggest annual gains since 2016. Oklahoma energy stocks finished with a stronger day in trading. Benchmark U.S. crude oil for February delivery fell $1.78 to $75.21 a barrel Friday. Brent crude for March delivery fell $1.75 to $77.78 …
Baker Hughes reports unchanged U.S. rig count
Baker Hughes reports an unchanged U.S. rig count in the past week while the number in Oklahoma increased by one to 49. The count showed a total of 586 active oil and gas rigs including 480 oil rigs and 106 gas rigs. The U.S. count is up 235 from the 351 reported one year …
Haynesville acquisition finalized by Southwestern Energy Company
Houston-based Southwestern Energy Company has closed its acquisition of GEP Haynesville, a move that deepens the company’s inventory in one of the two premier natural gas basins in the country. In December, the company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to …
More completions and more new drilling in Oklahoma
Oklahoma’s Canadian and Kingfisher Counties continue to see more completed wells along with new drilling planned for the region that is part of the STACK. Camino Natural Resources LLC reported the summertime completion of the Red River 1208 24-13-2wxh at 24 12N 8W , a site about one mile south of El Reno. The well, drilled …
Thursday US crude prices finished close to $77
A slight increase on Thursday left U.S. crude oil prices just under $77 a barrel while Oklahoma energy stocks managed some overall gains. West Texas Intermediate crude for February delivery went up 43 cents or 0.56% to finish the day at $76.99 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Hilliary Communications acquires two telecommunications companies in southwest Oklahoma
Hilliary Communications LLC, a cutting-edge communications company supporting customers throughout Oklahoma, Texas and Iowa, today announced its acquisition of Southwest Oklahoma Telecommunications Company (SWOI Wireless) and Southwest Oklahoma Telephone Company. Headquartered in Medicine Park, Oklahoma, Hilliary Communications will soon begin upgrades to enhance the network for many of the approximately 3,000 new customers. The Southwest …
Other energy headlines
** Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening the supply of oil and gas in the foreseeable future. ** The U.S. National Labor Relations Board impounded ballots that will decide whether the United Steelworkers (USW) continues …
Latest natural gas report shows increased production
The government reported an increase in dry natural gas production in October 2021 compared to a year earlier, marking the seventh consecutive month of growing production. The U.S. Energy Information Administration stated the preliminary level for dry natural gas production in October 2021 was 2,963 billion cubic feet (Bcf), or 95.6 billion cubic feet per …
Enverus reports nationwide drop in rig numbers
The latest U.S. rig count supplied by Enverus Rig Analytics showed a drop of 23 as of December 29 while at the same time there was an increase in the Anadarko Basin. The nationwide count dropped to 665 and the decline is believed to be associated with the end of the year. But the …