Crude oil production in the Permian Basin is expected to reach well beyond a pre-pandemic high this month. Drillers in the nation’s most prolific patch that covers West Texas and southeast New Mexico are busier than ever according to Bloomberg.
EIA updates crude oil production for basins
The federal government is out with a new report indicating new oil well productivity in Oklahoma’s Anadarko Basin for December averages 794 barrels of oil a day. The U.S. Energy Information Administration forecast the productivity will decline to 778 barrels of oil a day by January 2022. New gas-well production per rig in the Basin …
COVID-19 worries cause slip in oil prices
Crude oil prices slipped on Monday due tor worldwide concerns that vaccines might not be effective against the Omicron variant of the coronavirus. Most Oklahoma energy stocks recorded losses for the day. West Texas Intermediate crude for January delivery fell 38 cents or 0.53% to settle at $71.29 a barrel in trading on the …
Executive appointments made at Williams
Williams announced that John D. Porter has been appointed Senior Vice President and Chief Financial Officer (CFO), overseeing all financial aspects of the company, effective Jan. 1, 2022. Porter will replace John Chandler, who announced his planned retirement from Williams earlier this year. Chandler will serve as a strategic advisor until his retirement …
Updated phone app for Oklahoma driving conditions
A new phone app giving updated travel conditions from the Oklahoma Department of Transportation is now available. The Drive Oklahoma app includes an interactive mapping system that shows where traffic issues have developed and provides information to allow the public to plan for travel in advance reported the Daily Ardmoreite.
Gasoline prices continue to fall in Oklahoma
The national gas price average has been trending downward for the better part of a month now, and it is possible the highest gas prices of the year are behind us….according to the American Automobile Association in Oklahoma. Oklahomans have had the lowest prices in the nation throughout the fall surge. Still, today’s average of $2.89 a …
Gradual increase in new wells in Oklahoma
They aren’t the biggest producers but Oklahoma is seeing more wells completed in recent weeks and months and more drilling has been approved by state regulators. Newly completed wells have been reported in Blaine, Caddo, Garvin, Grady, Canadian and other counties. Here’s a list of some of the latest completed wells. Continental Resources brought …
No carbon tax in BBB bill?
While Democrats in congress wrangle about Biden’s Build Back Better bill, it would appear the door has possibly been slammed shut on the prospects of a carbon tax in the exorbitant measure. POLITICO reports that a carbon tax, one long opposed by Oklahoma U.S. Sen. Jim Inhofe is not part of the Senate Finance …
Oil to be released from nation’s strategic reserve
This is the week the Energy Department will release nearly 5 million barrels of oil from the nation’s Strategic Petroleum Reserve as part of the Biden administration’s plan to lower the cost of gasoline at the pump. The plan continues to be opposed by Oklahoma U.S. Sen. James Lankford who last week joined others to …
Other energy headlines for Tuesday
** The Biden administration is set to release a federal strategy this week to implement an ambitious plan to build 500,000 charging stations for electric vehicles across the country and ultimately transform the U.S. auto industry. ** California’s 26-year-old program to get more people to put solar panels on their homes has been wildly successful, but …