Tulsa’s major coal company, Alliance Coal, LLC made recent changes for new credit of $425 million. The company announced it entered into a credit agreement with various financial institutions including PNC Bank, National Association as administrative agency. The agreement not only provides for a $425 million revolving credit facility, but a sublimit of $15 …
Oil and gas group in Texas fights possible ban of gas stoves
The Texas Oil and Gas Association recently launched a petition drive against any proposed ban of gas stoves. This is what its alert stated: “The U.S. Consumer Product Safety Commission is considering a ban on natural gas stoves, a decision that would affect a wide range of Americans as over 40% of households use …
Whopping jump in natural gas bills hits everyone
You think your increased gas bill is an anomaly? Probably not. And if your recent home heating bill stunned you, consider the 56% increase in natural gas bills in New Mexico. That’s 56% more than a year ago according to the Albuquerque Journal. Click here for Albuquerque Journal
Legislator targets public utilities to be better prepared for severe winter storms
Oklahoma state Senator Nathan Dahm wants public utilities in Oklahoma to do more to protect their infrastructure from the kind of 2021 winter storm events that led to securitization and increased long-term expenses for consumers. He’s filed Senate Bill 204 that if approved, would force those utilities to “take strategic action to proactively prepare …
Oil and gas industry workforce grows in Texas
The number of people employed in the oil and gas industry in Texas keeps growing. New figures from the Texas Workforce Commission indicate the sector added 1,300 jobs in December reported the Odessa American. Click here for Odessa American
OKC pushes forward on franchise fee fight with Oklahoma regulators
Oklahoma City’s franchise collection fight with the Oklahoma Corporation Commission is still alive before the State Supreme Court. The most recent development was a request by the City to exceed a page limit created by the court. The city contends the limit doesn’t allow the court to consider all of the facts and details …
Ovintiv and Cimarex report major producing wells in Canadian County
Ovintiv USA moved some of it STACK success from Kingfisher to Canadian County where the company reported completion of two single-pad wells with combined production of more than 2,600 barrels of oil a day. The firm completed the two Bohlman wells in July 2022 and filed the reports this week. Located at 3 13N …
Crude made $1 gain in Friday’s trading as OK energy stocks improved too
A $1 a barrel gain was recorded Friday by crude oil prices and at the same time, most Oklahoma energy stocks made increases too, in some cases 5% and 6%. Brighter economic prospects in China prompted the crude oil gains because investors believe improvements in the Communist country will mean greater demand for crude. West …
Texas regulators vote to overhaul ERCOT power market
Texas utility regulators voted overwhelmingly to overhaul the state’s electricity market even though critics contend it will increase costs for consumers. The 5-0 vote by the Public Utility Commission of Texas will put the final result in the hands of legislators reported the Austin American-Statesman. Click here for American-Statesman
Completion reports for January 20, 2023
CANADIAN COUNTY Cimarex Energy Co Woodford(11633): Oil 808 Gas 4490 Water 1881 Flow 19 13N 8W Leota 2h-1918x, October 20, 2022 HH, OIL, TD: 21713 ft Lat: 35.58075, Long: -98.09586 API: 35017253640001 Cimarex Energy Co Woodford(11636): Oil 669 Gas 3174 Water 2075 Flow 19 13N 8W Leota 3h-1918x, October 20, 2022 HH, OIL, TD: 21681 ft Lat: 35.58075, Long: -98.09572 API: 35017253630001 Cimarex Energy Co Woodford(11636): Oil 669 Gas …
