OK Energy Today reported earlier this week that Tulsa-based Citizen Energy III LLC had plans for a 3-well single pad project in Canadian County but new documents show it is actually a 4-well project on the site. A late drilling permit issued by Oklahoma regulators indicated Citizen Energy received approval to drill the NOWLIN #1H-21, …
Slight increase in Oklahoma gasoline prices
While the national average is $3.29 for a gallon gasoline, the American Automobile Association reports gasoline prices in Oklahoma rose 3 cents in the past week to a new average of $2.90 per gallon. The new statewide average compares to $2.93 a month ago and $1.99 one year earlier. The highest average in the …
Crude oil and gasoline prices increased in 2021 as demand growth outpaced supply growth
From the U.S. Energy Information Administration: The Brent crude oil price increased from 2020 to average more than $70 per barrel (b) in 2021 as global demand for petroleum products increased faster than production, leading to global inventory draws. Nominally (not adjusted for inflation), the annual average crude oil price reached its highest level …
Chevron gives aid to Boulder County wildfire victims
Chevron Corporation announced it is making a commitment of $250,000 to support relief efforts underway in the communities affected by the Boulder County wildfires. “As a leading employer and partner in several Colorado communities, Chevron is committed to helping the region and our neighbors rebuild, recover and heal from the impact of the wildfires,” …
Florida gets first LNG service station thanks to Pickens’ company
Clean Energy Fuels, the natural gas company co-founded by the late Texas billionaire T. Boone Pickens planned to unveil Florida’s first filling station for vehicles running on liquid natural gas on Wednesday. The Florida Times-Union report it will be the state’s only such facility and one of 150 such stations in the U.S. Click …
Insurance companies sue ERCOT over February winter storm
ERCOT, the Texas power grid operator was sued by more than 100 insurance companies over loss3es and property damage from the February winter storm. Filed in Travis County District Court, the lawsuit charged the Electric Reliability Council of Texas and 37 different power generating entities were “at fault” for the massive energy failure reported …
Other energy headlines on Thursday
** Exxon Mobil, an American multinational oil and gas entity, is expected to report its fourth-quarter earnings of $1.73 per share, which represents year-over-year growth of over 5,666%, up from $0.03 per share seen in the same period a year ago. ** This week will mark the start of the final round of bidding in the …
Permits to drill for January 4, 2022
Canadian County NOWLIN #1H-21, January 04 2022 16 10N 5W SESWSWSE API: 01725757 Lat: 35.334330370215724, Long: -97.73184330844137 CITIZEN ENERGY III LLC HH, DR, 14300 ft, MISSISSIPPIAN(8900) Creek County WILLA DEAN #1, January 04 2022 36 18N 6E SENESESE API: 03729483 Lat: 35.98864933023022, Long: -96.62047326862718 YARHOLA PRODUCTION COMPANY SH, DR, 3200 ft, LAYTON(1525), BIG LIME-OSWEGO(2315), PRUE 404PRUE 2400 …
Crude oil hits $80 in Europe as OPEC+ sticks to its plan
As OPEC+ agreed to remain with its planned increase for February production, crude oil prices jumped Tuesday to $80 a barrel in Europe and $77 in the states. Oklahoma energy stocks rose as well. West Texas Intermediate crude for February deliver rose 91 cents or 1.2% to finish the day at $76.99 a barrel …
PSO storm cost issue delayed before Oklahoma regulators
An apparent settlement was reached this week by Public Service Company of Oklahoma in its request to securitize nearly $732.5 million in February 2021 winter storm costs. The matter known as CAUSE NO. PUD 202100076 was to have been handled Monday by Oklahoma Corporation Commissioners but an announcement was made that PSO and other involved …
