Tulsa’s Citizen Energy III LLC is planning more drilling projects in Canadian County. The company has drilling permits for 5 more wells including 3 on a single pad. The trio of wells, the NOWLIN #1H-16-9, the NOWLIN #2H-16-9 and the NOWLIN #2H-21-28, will be drilled at 16 10N 5W, a site several miles south of the city of …
Crude oil prices increased in 2021 as global crude oil demand outpaced supply
Take a look at the graph. That’s what crude oil prices have done in the past two years. Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a …
Fort Sill to get broadband internet service
The launching of a broadband project on Fort Sill to provide internet service to 1,900 houses and barracks was announced this week by Hilliary Communications based in southern Oklahoma. The $5 million infrastructure investment is expected to begin within 60 to 90 days said Dustin Hilliary, managing partner. Completion is expected within two years. …
Helmerich and Payne reaching out to potential investors
Helmerich & Payne Inc. executives plan to take part in at least two investor conferences in January. Mark Smith, Senior Vice President and Chief Financial Officer; Trey Adams, Senior Vice President of Digital Operations, Sales & Marketing; Dave Wilson, Vice President of Investor Relations plan to participate in the Goldman Sachs Global Energy and …
Lufkin announces new manufacturing campus in Claremore
Lufkin Industries, a global leader in the production of precision-engineered oilfield equipment, products, and services announced its selection of a new manufacturing campus in Claremore, Oklahoma. Operating in 28 locations worldwide, the new Claremore facility will serve as its Oklahoma headquarters and a manufacturing center for the organization’s rod pumping systems. The company plans …
Federal oil lease sale to resume in North Dakota and Montana
Oil and gas leasing on federal lands in North Dakota and Montana is expected to resume early this year after the Biden administration put a halt to the effort nearly one year ago. The Bureau of Land Management is planning a lease sale of 6,850 federally owned mineral acres in western North Dakota and …
Xcel Energy has given out 20,000 portable heaters to Colorado fire victims
Xcel Energy is reaching out to help the thousands who were left homeless last week by a wildfire in Boulder County, Colorado. The company announced this week it had distributed 20,000 portable heaters to customers without access to gas or electricity reported CPR News. Click here for CPR News.
Wednesday’s other energy headlines
** Ford Motor Co said on Tuesday that it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. ** Xcel Energy says it found no evidence that downed power lines caused …
NASA awards major software contract to OKC company
NASA plans to reduce the time, cost and risk of developing reusable, secure flight and ground architectures and frameworks with a $359 million software and engineering contract awarded to Mitchell Vantage Systems. The Oklahoma City-based engineering firm won the five-year, indefinite-delivery/indefinite-quantity contract to support flight and ground software, science data systems, mission environments and secure coding. Goddard …
U.S. natural gas prices rise as cold freezes wells
Cold weather over the New Year’s holiday weekend froze some natural gas wells in Texas, reviving memories of February’s brutal storm and nudging prices slightly up. Click here for Reuters.
