The number of people employed in the oil and gas industry in Texas keeps growing. New figures from the Texas Workforce Commission indicate the sector added 1,300 jobs in December reported the Odessa American. Click here for Odessa American
Category: General
OKC pushes forward on franchise fee fight with Oklahoma regulators
Oklahoma City’s franchise collection fight with the Oklahoma Corporation Commission is still alive before the State Supreme Court. The most recent development was a request by the City to exceed a page limit created by the court. The city contends the limit doesn’t allow the court to consider all of the facts and details …
Ovintiv and Cimarex report major producing wells in Canadian County
Ovintiv USA moved some of it STACK success from Kingfisher to Canadian County where the company reported completion of two single-pad wells with combined production of more than 2,600 barrels of oil a day. The firm completed the two Bohlman wells in July 2022 and filed the reports this week. Located at 3 13N …
Crude made $1 gain in Friday’s trading as OK energy stocks improved too
A $1 a barrel gain was recorded Friday by crude oil prices and at the same time, most Oklahoma energy stocks made increases too, in some cases 5% and 6%. Brighter economic prospects in China prompted the crude oil gains because investors believe improvements in the Communist country will mean greater demand for crude. West …
Texas regulators vote to overhaul ERCOT power market
Texas utility regulators voted overwhelmingly to overhaul the state’s electricity market even though critics contend it will increase costs for consumers. The 5-0 vote by the Public Utility Commission of Texas will put the final result in the hands of legislators reported the Austin American-Statesman. Click here for American-Statesman
Completion reports for January 20, 2023
CANADIAN COUNTY Cimarex Energy Co Woodford(11633): Oil 808 Gas 4490 Water 1881 Flow 19 13N 8W Leota 2h-1918x, October 20, 2022 HH, OIL, TD: 21713 ft Lat: 35.58075, Long: -98.09586 API: 35017253640001 Cimarex Energy Co Woodford(11636): Oil 669 Gas 3174 Water 2075 Flow 19 13N 8W Leota 3h-1918x, October 20, 2022 HH, OIL, TD: 21681 ft Lat: 35.58075, Long: -98.09572 API: 35017253630001 Cimarex Energy Co Woodford(11636): Oil 669 Gas …
OKC to experiment with beet juice in de-icing bridges
Oklahoma City’s Public Works Department is looking to bring a new product to their snow-fighting arsenal: beet juice. The pilot program will see how the potion performs on select bridges and overpasses this weekend in OKC. Beet juice is used in cities like Calgary, Washington, D.C. and Cincinnati. “Rock salt needs temperatures above 15 …
LSB’s cold weather shutdown in Alabama could hit $105 million loss
LSB Industries, Inc. headquartered in Oklahoma City says its Cherokee, Alabama operations are restarting after extremely cold weather resulted in a shutdown in late December. The company indicated that the phased restart began on Saturday, January 14. The cold-weather shutdown will mean a big loss in revenue for LSB. The company now expects fourth …
Oil and gas rig numbers dropped nationwide but remained steady in Oklahoma
The latest oil and gas rig numbers released by Baker Hughes Co. on Friday showed Oklahoma’s activity was unchanged from the previous week. The state’s count remained at 64 active oil and gas rigs. A year ago, the number was 50 according to Baker Hughes. Nationally, the rig count fell by four to 771. …
Rep. Lucas charges White House with ignoring congressional AI standards
Oklahoma Congressman Frank Lucas doesn’t think the Biden Administration is following the guidelines approved by congress for development of Artificial Intelligence. In his capacity as the new Chairman of the House Science, Space and Technology Committee, Rep. Lucas joined House Oversight and Accountability Chairman James Comer of Kentucky in sending a letter to the …