Get ready for higher natural gas bills this winter. The U.S. Energy Information Administration is out with its prediction that natural gas spot prices at the U.S. benchmark Henry Hub will average $6.09 per million British thermal units. That’s the highest real price since the winter of 2009-10. The forecast reflects natural gas storage levels …
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** Wyoming’s oil and gas industry decides not to appeal a judge’s ruling that the Biden administration’s 2021 oil and gas leasing pause was legal. ** Dozens of mylar balloons blow into a Utah substation, leaving more than 22,000 households without power. ** Arguments begin in a Utah youths’ lawsuit over the state’s alleged promotion of fossil fuels and its effects on air …
Diesel fuel prices hover close to $5 a gallon in Oklahoma
The federal government is predicting the continuing decline in diesel fuel inventories will cause prices to soar through early next year. It’s the prediction of the U.S. Energy Information Administration which issued a report this week declaring that diesel prices “will remain higher than $5 per gallon the remainder of the year.” Prices in …
Latest large producing wells in Oklahoma
Blaine and Garvin Counties in Oklahoma are sites of the biggest new oil producers. Ovintiv did it again, scoring a Garvin County well with production of 2,159 barrels of oil a day along with 1,910 Mcf of natural gas. The Kellner 0304 1h-22x, located at 33 3N 4W, a site several miles south of Lindsay, …
Republicans sweep Oklahoma’s congressional and statewide offices
Republican candidates for Oklahoma’s major races made a clean sweep in Tuesday’s elections, winning all five US House seats, the two U.S. Senate offices and all of the state leadership offices including the re-election of Gov. Kevin Stitt. Congressman Markwayne Mullin was elected to succeed U.S. Sen. Jim Inhofe who will retire in January …
Former Sen. Kim David wins Corporation Commission race
Former State Sen. Kim David will be Oklahoma’s newest Corporation Commissioner after making a sweep of her race with 64% support. The Republican candidate from Porter won Tuesday’s general election race, beating Democrat Margaret Warigia Bowman of Tulsa and Independent Don Underwood. With 95% of the votes reported Tuesday night, David had received 690,857 …
Well reports return to OK Energy Today
Good news! As of Monday evening, the Permits to Drill and Completion reports on OK Energy Today resumed. Our challenges were met and finally resolved. We apologize for the inconvenience during the absence of the reports.
China’s COVID cases cause drop in crude oil prices
As COVID-19 outbreaks only grew worse in China, the anxiety among investors caused a more than $2 drop in crude oil prices on election day. The drop also took some Oklahoma energy prices down as well. West Texas Intermediate crude for December delivery dropped $2.88 or nearly 3% to finish at $88.91 a barrel …
Advocate still contends Kansas 2021 winter storm costs are suspicious
Consumers and their advocacy groups in Oklahoma, Texas and Kansas still contend there was price gouging carried out during the February 2021 Winter Storm Uri, the storm that led to billions in high costs. One such advocate isn’t giving up in Kansas where the Corporation Commission issued orders that left retail residential ratepayers bearing …
County-backed solar farm to power Chevron operations near Carlsbad
A southeast New Mexico county approved construction this week of a solar farm project that will supply electrical power to Chevron USA and its Permian Basin operations south of Carlsbad. The Eddy County Board of County Commissioners voted to issue $40 million in industrial revenue bonds to finance the solar farm reported the Carlsbad …