More well activity is coming in Carter County. Kodiak Oil & Gas Inc received a permit to recomplete the HHU #7-13, at 27 4S 2W, a site just outside the Black Gold Casino in the town of Wilson. Prairie Gas Company of Tulsa received a permit to drill the JANZEN #1-32 HP, north of the community …
Crude oil prices drop and take OK energy stocks with them
Crude oil prices in the U.S. took a nearly $2 drop in trading on Wednesday and dragged Oklahoma energy stocks down with them. West Texas Intermediate crude for December delivery dropped $1.99 and finished the day at $82.66 in trading on the New York Mercantile Exchange. Global benchmark Brent crude, also for December delivery, …
Environmental extremist becomes BLM Director
She was accused of lying to a U.S. Senate committee, yet on Wednesday, Tracy Stone-Manning was sworn in to serve as Director of the Bureau of Land Management. It drew immediate criticism from Republicans in Congress who argued she took part in extreme environmental acts decades ago in the forests of the northwest. Washington …
Quarterly distribution announced by Enable Midstream
Enable Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended Sept. 30, 2021. The distribution is unchanged from the previous quarter for the Oklahoma City-based company. The quarterly cash distribution of $0.16525 …
United Energy announces update to major acquisition
United Energy announced it is moving ahead with plans to acquire the remaining 51% of some 200,000 acres and 2,200 wells in the Cherokee Basin of Northeast Oklahoma and Southeast Kansas. Nearly 3-weeks after the Plano, Texas-based company announced it had acquired 49% of the Cherokee Basin, it followed up Wednesday with another announcement …
Another major solar farm for Pueblo, Colorado
Another massive solar farm will be built near Pueblo, Colorado. Plans for the 298-megawatt solar farm were announced this week by Xcel Energy and Lightsource bp. It will be the second in the city for Lightsource bp which will sell the power to Xcel and represents a cumulative half billion-dollar private investment in the …
Biofuels Senators can’t get the White House’s attention
Republican Senators from Kansas, Iowa, Nebraska, South Dakota and North Dakota are beating the drums to get a meeting with the White House to talk about biofuels policy. They’re not so sure the Energizer Bunny could do any better. An earlier push led by South Dakota Sen. John Thune got no where and this …
Stage is set for oil and gas industry fight with New Mexico’s Democratic Governor
New Mexico’s Democratic Gov. Michelle Lujan Grisham is apparently ready to turn her 2019 carbon emissions executive order into law in the coming months—and the oil and gas industry warns it’ll crush the state’s economy. The governor wants the state to cut all carbon emissions from every sector by 2050. Republican legislators responded by claiming …
High marks for OU and OSU’s green power use
Oklahoma’s two largest universities rank in the top 20 of the EPA’s list of schools for green use power. The EPA’s Top 30 College & University Partners showed the University of Oklahoma ranked 13th highest for its 122,065,000 kWh used annually in providing power for the school. The green power came from wind farms …
Phillips 66 to buy remaining stake in partnership for $3.4 billion
Phillips 66 says it’s buying the remaining units of Phillips 66 Partners that it does not already own in a $3.4 billion deal announced Wednesday. The refiner, reported Reuters, intends to simplify its governance and corporate structure. Click here for Reuters.
