Permian operators are drilling shorter wells, blunting the effects of rising costs of oil and natural gas production, reports the U.S. Energy Information Administration. Shorter wells help mitigate higher prices for inputs such as iron and steel tubing. In particular, these operators are moving away from drilling deep wells, which take longer to drill …
After hitting a 10-month high, crude oil prices dropped in Wednesday’s trading, largely because of a surprise increase in U.S. crude inventories. US Benchmark West Texas Intermediate crude fell 32 cents and settled at $88.52 after hitting a session high of $89.64 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude slipped …
Oklahoma Congresswoman Stephanie Bice took issue with another Biden administration proposed policy—that of making ceiling fans more energy efficient. She wrote Secretary of Energy Jennifer Granholm, urging her to withdraw the proposed rule, saying it is “heavy-handed” and will “only increase costs for the public and small businesses, all while making the summer …
A request for a rate hike by Oklahoma Natural Gas will be reviewed by Oklahoma Corporation Commissioners on Thursday and if approved will result in an increase of $2.46 a month for an average residential customer. The $26,296,719 base rate increase is part of ONG’s Performance Based Rate Change Plan submitted earlier this year. …
The decision by Kansas energy company Evergy to delay a move to close a coal-fired power plant at Lawrence, Kansas didn’t go over well with residents. More than 100 protested this week outside the City Hall and rallied for clean energy and urged Eveery to close the power plant. Every backtracked on its …
Good news for those who have made inquiries about our absence of Permits to Drill and Well Completion reports. They are back and we hope the problem has been resolved to meet your reading enjoyment.
Commerce Secretary Gina M. Raimondo will go before House Science, Space and Technology Committee Chairman Frank Lucas and others to give an update on seminconductor incentives, manufacturing and research. “The Department of Commerce has a crucial task in not only allocating the $50 billion in funding from the CHIPS and Science Act, but ensuring …
Williams Cos. is based in Oklahoma but also takes interest in the areas where its pipelines are laid….such as Pennsylvania. The company newsletter recently reported how one Williams worker carried out improvements to a popular creek in Lycoming County, Pennsylvania. For Williams employee Adam Weightman, restoring Loyalsock Creek in Lycoming County, Pennsylvania, was …
President Biden’s deal to free $6 billion in frozen Iranian oil money in return for the release of five Amrican citizens held by Iran drew a strong rebuke from Oklahoma Congressman Kevin Hern. “The Biden Administration’s hostage ransom deal with Iran endangers Americans and is yet another foreign policy failure from this White House,” …
Another significant find of oil has been made in McClain County where Ovintiv USA Inc. reported two wells drilled on a single pad and combined production of nearly 1,500 barrels of oil a day. Located just east of the city of Blanchard at 29 8N 4W, the two Foster wells were completed in March of …
