Some of the latest completion reports filed for new wells in Oklahoma include four Continental Resources wells on a single pad in Grady County. The wells, located at 29 6N 6W, a site a few miles southeast of the city of Chickasha had a combined production of more than 900 barrels of oil a day. Not …
Oklahoma sees gain in rig count
The number of oil and gas rigs active in the U.S. field increased by 9 over the past week to reach a total of 714 while Oklahoma also saw a gain of rigs. Baker Hughes reported on Friday that the statewide count grew by 4 for a total of 57 oil and gas rigs …
Colorado utility close to winning approval for $509 million 2021 storm cost recovery
One more step and Xcel Energy in Colorado will be able to raise rates on ratepayers to pay for more than one-half billion dollars in high natural gas costs experienced in the February 2021 storm Uri. An administrative law judge is recommending Colorado regulators approve Xcel Energy’s move to recover $509 million and pass …
Cypress Environmental seeks Chapter 11 bankruptcy protection
Cypress Environmental Partners, L.P. announced Friday that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender. The move with affiliate of Argonaut Private Equity is expected to clear nearly $58 million of debt by Cypress. The petition was filed in the U.S. Bankruptcy …
US crude prices made slight gain on Thursday
Crude oil prices made more slight gains in Thursday’s trading in the U.S. but dropped in Europe as supply issues remain a concern. West Texas Intermediate crude for June delivery went up 42 cents to settle at $106.13 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for July delivery slipped …
New law removes USDA from poultry feeding rules
Governor Kevin Stitt signed a bill yesterday that would localize the promulgation of poultry feeding rules through the Oklahoma Department of Agriculture and Forestry (ODAFF). House Bill 2983, authored by Rep. David Hardin, R-Stilwell, puts rulemaking power into the hands of ODAFF rather than the United States Department of Agriculture Natural Resources Conservation Service (USDA …
Colorado to get first commercial carbon capture projects
Two ethanol plants in eastern Colorado will be the sites of the state’s first commercial carbon capture efforts. Carbon America announced the project Thursday with Sterling Ethanol and Yuma Ethanol, in apparently the first commercial operation of its kind to sequester significant amounts of carbon in Colorado according to the Colorado Sun. Click here …
Governor signs bill targeting catalytic converter thieves
The governor on Wednesday signed into law a bill that increases the punishment for theft of catalytic converters, tires and wheels from a vehicle. House Bill 4373 by Rep. Ross Ford, R-Broken Arrow, modifies the elements of third-degree burglary to include the theft of these vehicle parts and provides that the fine for such …
Science and Tech bills win approval in US House
Bills sponsored and supported by U.S. Reps. Frank Lucas and Stephanie Bice, both members of the House Science and Technology Committee were approved Wednesday in the House of Representatives. Five bills that came out of the committee, covering a range of environmental and technological issues were approved. “The bills passed today do important work to …
Democrats again to target oil and gas over high prices
Look for Democrats to begin looking next week into price gouging because of high gasoline prices and don’t be surprised if they attempt to go after the oil and gas industry. Instead of exploring their own policies, the Democrats plan to continue their pursuit of “big oil.” Long considered their favorite whipping boy when …
