Record oil production in the Permian Basin was reported for the month of December and no doubt, Oklahoma exploration companies were part of the reason for it. Crude supply in West Texas and Southeast New Mexico averaged 4.92 million barrels a day reported Bloomberg. Click here for Bloomberg.
Gas wells among Oklahoma completions
Two significant gas wells are among those reported to be completed in Oklahoma in filings with the Corporation Commission. Continental Resources Inc. of Oklahoma City reported completion of a gas well in Blaine County and its initial production was 10,784 Mcf of natural gas a day. The Slagell 2r-20-29-32xhm, located at 17 14N 13W , a site …
ONE Gas Issues 2022 Financial Guidance
ONE Gas, Inc. came out this week with a financial guidance for 2022 and an update of its five-year growth rates. The company said it had narrowed its 2021 financial guidance range and had a new goal for emissions reduction from its vintage pipeline replacement program. “We are expanding our core business by capitalizing …
North Dakota oil production increased in November
The latest oil production data released by North Dakota showed a 4% increase over October. The Bismarck Tribune reports the production totaled 1.16 million barrels a day for the month, the most significant increase in more than a year in the state where numerous Oklahoma energy companies help in oil and gas exploration and …
Legislators announce plans to rename portion of highway
Three southern Oklahoma legislators want to rename a short stretch of Highway 36 near Hollister in honor of the late businessman Edgar L. Hamm. Hamm owned and operated Hamm’s Feed Lot for many years. He was co-owner of the Southwest Sire Evaluation Center and American Cattle Services, owner of Hamm’s Feed and Supply, Hamm’s …
Chevron wins solar energy bid for Eddy County project
Chevron is the winner of a recent New Mexico auction which will net the state land trust nearly $7 million in an expansion of solar energy production in the Permian Basin. The 326-acre project will be in Eddy County and called the Hayhurst New Mexico Solar project reported KRQE. Click here for KRQE
Increased dividend declared at ONE Gas
ONE Gas announced this week an increased dividend for the first quarter of 2022. The board of directors approved a 4-cent increase per share to 62 cents per share. The resulting annualized dividend would be $2.48 per share according to the company’s announcement. The dividend is payable March 11, 2022, to shareholders of record …
Oil and gas production averages slip in Anadarko
Oil and gas production from new wells in the Anadarko Basin, of which Oklahoma is a large part dropped from January to February according to a new report from the U.S. Energy Information Administration. The EIA report showed the average production of oil dropped from 762 barrels a day in January to 731 barrels …
Thursday’s other energy news headlines
** The Biden administration on Tuesday announced that it was undertaking a 10-year strategy aimed at reducing harm caused by wildfires, using some funds from the bipartisan infrastructure bill. ** Production delays from Rivian and other electric van manufacturers continue to slow Amazon’s pledge to replace its fossil fuel-run delivery fleet. ** Volvo’s electric tractor-trailer trucks, produced at a …
Another jump in crude oil prices but not for most Oklahoma energy stocks
Crude oil prices jumped in Tuesday’s trading following the Martin Luther King holiday on Monday, largely due to growing concerns about the tense situation between Ukraine and Russia. But it didn’t carry over to trading of Oklahoma energy stocks. West Texas Intermediate crude for February delivery rose $1.61 to $85.43 a barrel in trading …