The Oklahoma Water Resources Board is reaching out to water well owners in the state as it begins research to determine the current groundwater availability of the Ogallala aquifer. The Board announced it is conducting research for an upcoming study on the aquifer which will provide a new groundwater flow model for both the …
Ovintiv Mid-Continent Inc. apparently had stockpiled its completed wells in Oklahoma as it filed a continuing list of big producers including two Garvin County wells from a single pad with production of more than 3,700 barrels of oil a day. The Denver, Colorado-based company also filed reports on two Canadian County wells on a …
Operators and investors of Oklahoma energy stocks have to be wondering what the week will bring…more Biden moves against the industry? What can bring their stocks back into positive territory after Friday’s down day. Oil futures in the U.S. settled lower as well and reportedly because of concerns about energy demand. West Texas Intermediate crude …
The SandRidge Mississipian Trust I with assets in northern Oklahoma should be dissolved totally by the third quarter of this year according to an announcement made this week. The Trust owns royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma and is …
Phillips 66 reported a slight improvement in cutting losses as its fourth quarter losses totaled $539 million, down from the $799 million reported lost in the third quarter of 2020. The company said excluding special items of $32 million, it had an adjusted loss of $507 million. In the third quarter, its adjusted loss …
Oklahoma U.S. Sens. James Lankford and Jim Inhofe were joined by several other members of the Senate in filing a bill to stop President Biden’s administration from block new oil and gas drilling and mining on federal lands and waters. They filed the Protecting our Wealth of Energy Resources or POWER Act of 2021. …
While President Biden was targeting the nation’s oil and gas industry through his growing executive orders, the industry saw an increase in rig counts, both in Oklahoma and the rest of the country. Baker Hughes Co. reported Oklahoma’s count increased by one to reach 18 in the past week. A year ago, the state …
** Michigan’s environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes. The decision, a victory for Enbridge Inc., comes as the Canadian company resists Democratic Gov. Gretchen Whitmer’s demand to shut down its 68-year-old line in the Straits …
Texas Gov. Greg Abbott has gone after President Biden’s executive orders against oil and gas by issuing his own executive orders giving state agencies the nod to file legal challenges to the Biden administration’s policies. “When it comes to threats to your jobs, you have a governor who has your back,” he told workers …
Oklahoma energy stocks ended up with mixed trading Thursday. One of the big gainers was Tulsa-based Cypress Environmental Partners LP which saw a 24% gain after shares went up 63 cents to reach $3.26 for the day. LSB Industries, Inc. on the other hand had the biggest percentage loss for the day of the Oklahoma …