Details of a pair of McClain County wells with combined production of more than 2,100 barrels of oil a day were offered this week in a completion report filed with Oklahoma regulators. CPRP Services LLC based in Oklahoma City reported completion reports on the Indultado 0604 28-21-3mxh and the Indultado 0604 28-21-2wxh, wells drilled …
Crude oil is flowing out of Permian
A pipeline built just 5 years ago to move crude oil out of the Permian Basin to Gulf Coast refineries is doing brisk business these days. EPIC Crude Holdings built the pipeline in 2017 and is moving nearly 500,000 barrels of oil a day to the Corpus Christi area reported the Carlsbad Current-Argus. Click …
Crude oil prices slipped below $100 in Monday’s trading
China’s growing COVID-19 lockdowns coupled with OPEC’s announcement that the existing sanctions against Russia might create one of the worst ever oil supply shocks sent crude prices falling Monday to their lowest level in more than 6 weeks. For the first time, global crude oil settled under $100. It came after OPEC informed the …
Some New Mexico electrical utility customers to see 25% drop in rates
As Oklahomans prepare for potential increases in their utility bills due to requested rate hikes or ratepayer-backed bond packages covering the February 2021 winter storm, guess what’s happening for customers of a northern New Mexico utility? Their rates will soon be dropping by up to 25%. They are customers of Kit Carson Electric Cooperative …
Forestry Service—potential for “ominous” wildfire situation in western Oklahoma
The Oklahoma Forestry Division reports a nearly week-long wildfire in the Panhandle is still burning but firefighters have about 80% of it under control. At the same time, the agency warned western Oklahoma and the Panhandle could face extreme wildfire situations on Tuesday. The agency said the 23 Fire near Forgan had burned more …
In 2020, 27% of U.S. households had difficulty meeting their energy needs says EIA
The federal government reports that close to a third of all U.SA. households in 2020 had difficulty paying energy bills and it reflected an increase from five years earlier. The Energy Information Administration said that 27% of the 34 million U.S. households also reported they kept their home at an unsafe temperature because of …
Groups fight new transportation fees in Colorado
A legal challenge has been filed against new transportation fees passed by Colorado lawmakers last year, arguing they took an illegal side-step around voters when they enacted the landmark funding law. Click here for Greely Tribune
Bakken could be a major producer for another half-century
A new study of the available crude oil in North Dakota’s Bakken play shows there could be another 50 years of drilling activity for oil and gas explorers, no doubt including Oklahoma-based Continental Resources. Continental has made quite a living with its exploration of the Bakken, something that Harold Hamm initiated years ago resulting …
Lucas blames Democratic leadership for slow movement on bill creation
Oklahoma Congressman Frank Lucas criticized the delay by Democratic leaders in finally starting the process of a conference committee on U.S. competitive legislation aimed at China. “It’s been nine months since the House passed the Science Committee’s bipartisan competitiveness bills and almost five months since the Speaker and Leader Schumer announced we would go to …
Fight is underway in Missouri to save Grain Belt Express transmission line
Some of the towns and counties where a proposed $2.5 billion Grain Belt Express transmission line would be built in northern Missouri are fighting for the wind project. They are lobbying the Missouri legislature against other efforts to kill the line that would transport wind-powered electricity from southwest Kansas to Illinois and Indiana …
