Figures from Enverus Rig Analytics show the active U.S. rig count fell to 674 in the past week but at the same time also indicated that Oklahoma City-based Continental Resources is one of the most active operators in the nation. Enverus explained its count of active rigs declined by one but the count is …
Category: General
Extreme high fire dangers exist in western Oklahoma
The lack of rain and dry conditions combined with the expected return of strong winds on Friday make for a high fire danger across western Oklahoma. The region hasn’t received any rainfall in more than a month and Oklahoma Climatologist Gary McManus, writing in his daily weather update on Thursday said an approaching cold …
Supreme Court’s January hearing could be critical to Oklahoma
A Jan. 7 conference hearing by the U.S. Supreme Court could be critical to so many questions regarding Oklahoma’s energy regulatory powers following the court’s controversial McGirt ruling last year that returned some enforcement powers to Indian tribes. The Oklahoman reported this week the high court could decide after the hearing whether to reconsider …
Gasoline hits $2.91 average in Oklahoma
Gasoline prices have dropped in the past week and the American Automobile Association says it’s because of growing fears about COVID-19 and what it might do to the world economy. Oklahoma gasoline prices are among those that slid over the past several days as the state’s average price is $2.91 per gallon, down about …
Cushing still holds less than half of its crude oil storage potential
The supply of crude oil at the Cushing hub in northern Oklahoma increased slightly in the past week, reaching more than 30 million barrels of oil. The late petroleum supply report by the U.S. Energy Information Administration showed 30,917,000 million barrels of oil were in storage at Cushing. It compared to 28,917,000 million barrels …
EIA predicts lower crude oil prices in December
A lower price for crude oil is in the forecast for the next few months from the U.S. Energy Information Admininstration. In a report this week, the EIA said the smaller expected inventory draw from December 2021 through February 2022 will also contributed to the lower prices. The forecast said global petroleum inventory draws …
More wells completed in Canadian County
Oklahoma’s Canadian County is home to two recently completed oil wells according to new documents supplied by the Oklahoma Corporation Commission. Devon Energy reported completion of the Miller-miller 2_11-12n-9w 3hx located 3 miles south of the town of Calumet at 2 12N 9W. The well had production of 862 barrels of oil a day and 7,897 …
Texas singles out 8 power companies for failing new law
Eight Texas power companies failed to comply with new rules requiring generators to file winter compliance reports with state regulators, according to a report filed by staff of the Public Utilities Commission of Texas on Wednesday. In a press release, the Commission said its staff filed reports of violation against the 8 generation companies …
Rep. Cole seeks more water help for Indian Tribes
Oklahoma U.S. Rep. Tom Cole, one of four Native Americans in Congress who are enrolled tribal members is among a handful of House lawmakers behind a bill to make it easier for American Indian tribes to get access to federal water relief. The Republican Representative for the 4th congressional district joined Reps. Melanie Stansbury (D-N.M.), Teresa Leger …
Friday headlines of other energy stories
** House lawmakers voted 364 to 60 on Wednesday night to pass the The Ocean Shipping Reform Act of 2021, a bipartisan bill aimed at curbing the shipping container crisis. ** The U.S. government plans to end purchases of gas-powered vehicles by 2035 in a move to lower emissions and promote electric cars under an executive order …