Newly filed completion reports show Camino Natural Resources LLC with two wells on a single pad in Grady County producing nearly 900 barrels of oil a day. Camino is headquartered in Denver, Colorado. The two wells, located about a mile east of Chickasha at 36 7N 7W were completed in May and had production …
Years after Oklahoma’s oil and gas industry leaders complained of too many government subsidies for the state’s renewable energy projects, a new nationwide report shows those subsidies more than doubled between 2016 and 2022. They also formed nearly half of all the federal energy-related support, jumping to $15.6 billion in fiscal year 2022 from …
** After seven years of delays and $21 billion in cost overruns, the first of two new units at Georgia Power’s Plant Vogtle enters commercial service and becomes the first new U.S. nuclear reactor to do so in more than 30 years. ** A Wyoming conservation group and a retired federal government biologist have filed a federal lawsuit …
Oklahoma’s congressional members might be muttering “I told you so” after the Biden administration this week again delayed refilling the nation’s emergency oil reserve because of market conditions. Remember, Senators and Representatives from the state were critical of the President when he chose to use the Strategic Petroleum Reserve last year to bring down …
A stronger dollar along with signs of profit taking resulted in lower crude oil prices on Tuesday. Oklahoma energy stocks were left mixed. The profit taking was a sign that investors bet on tighter global supplies and demand growth in the second half of this year. West Texas Intermediate closed down 43 cents or 0.5% …
Oklahoma Congressman Frank Lucas is getting a little tired and frustrated with the stonewalling of Commerce Department Inspector General Peggy Gustafson. Together with Democrat Zoe Lofgren, who is the Ranking Member on the House Science, Space and Technology Committee chaired by Lucas, they sent a letter to the Inspector General (IG) of the Department of Commerce …
Another meeting will be held this month as Oklahoma and Arkansas work on updating the watershed-based management plan for the Ilinois River Watershed. It will be the third in a series of public meetings to be held by the Oklahoma Conservation Commission in partnership with the Arkansas Department of Agriculture’s Natural Resources Division. The meeting …
Tulsa’s big coal company, Alliance Resources, reported a 3.5% increase in second quarter revenues, driven primarily by higher coal sales price per ton as well as growing demand for coal to power electric-generating plants during the nation’s heat wave. The company said total revenues for the quarter were $641.8 million compared to $619.9 million …
The drop in oil inventories around the world, including at Oklahoma’s Cushing Hub is getting the attention of industry analysts who believe it is driving increased crude oil prices. “We are on the cusp of supply tighteness,” one analyst told Reuters. Storage at Cushing is part of it as stocks fell by 2.9 million barrels …
ONE Gas, Inc. recorded improved second quarter earnings according to a release this week by the company. Second quarter 2023 net income was $32.7 million, or $0.58 per diluted share, compared with $32.1 million, or $0.59 per diluted share, in the second quarter 2022. Year-to-date 2023 net income was $135.3 million, or $2.42 per …
