** The Biden administration is considering following Canada in barring Russian ships from U.S. ports, a government official said this week. A White House spokeswoman said no decision has been made. ** Biden administration officials pressured some Democratic senators not to support bipartisan legislation by Sens. Joe Manchin (D-W.Va.) and Lisa Murkowski (R-Alaska) that would ban oil and …
SandRidge to release 4Q earnings report
The fourth quarter and full year 2021 earnings of SandRidge Energy will be released this week. The Oklahoma City energy company announced it will make the release on Wednesday, March 9 after the close of trading. SandRidge also plans to provide an updated investor presentation and make it available on the company website. SandRidge …
High oil prices aren’t attracting new drilling nationally
Even though oil prices are easily more than $100 a barrel, American oil and gas exploration companies aren’t jumping whole-hog into expanding their efforts. Witness the latest rig count issued by Baker Hughes which indicated Friday, Oklahoma’s numbers slipped by 2 to 49 active rigs while nationally, the count was unchanged from a week …
Reuters identifies Panasonic as “mystery” company
Another report indicated it is Panasonic that is the firm looking at Oklahoma or Kansas as the site of a multi-billion dollar plant to be located and bring thousands of new jobs to where ever it is located. Reuters reports that public broadcaster NHK reported Friday Japan’s Panasonic Corporation is looking to locate either …
Gas pump prices soar in Oklahoma over Russian fighting
Faster than you can say “Vladimir Putin,” gas prices are soaring in Oklahoma as state drivers on Friday saw a 9-cent jump in one day to an average of $3.45 as the world watches in horror to what the Russian leader is doing to Ukraine. The growing bloody fighting in the Texas-sized country, where …
Colorado driller hesitant to pour more money into expanded exploration
Colorado drilling giant PDC Energy’s leaders say despite the jump in oil prices over the Russian invasion of Ukraine, they don’t plan on a large expansion of exploration. Instead, following the suit of many other energy companies, they intend to focus on ensuring money in the pockets of company investors reported Colorado NewsLine. Click …
New Mexico regulators say AG is wrong
New Mexico’s Public Regulation Commission is standing up to allegations from the state’s Attorney General that it is not pursing the public interest. AG Hector Balderas, who has been at odds with the regulators over recent issues sent a letter to them this week expressing concern whether the state will have adequate power during …
Kingfisher county wells drilled by Hinkle Oil and Gas
Hinkle Oil & Gas Inc. filed completion reports this week on four Kingfisher County wells with total combined production of nearly 1,400 barrels of oil a day. The Oklahoma City-based company reported that all of the wells were single-pad sites but closely aligned in adjacent sections of land. The Lincoln North Unit 44-5ho and the Lincoln …
PSO announces robotics grants to Oklahoma schools and Girl Scout teams
Public Service Company of Oklahoma announced $22,000 in robotics grants to 19 public schools and Girl Scout teams throughout the state. The grants ranged from $400 to $2,000. The FIRST (For Inspiration and Recognition of Science and Technology) robotics grants program is a nationwide initiative that supports pre-kindergarten through grade 12 student education with an emphasis on …
Russian invasion affects Oklahoma economy
Oklahoma State Treasurer Randy McDaniel says even though February gross receipts to the treasury show a continuing expansion of the state’s economy, the Russian invasion of Ukraine raises concerns for him–including inflationary pressure. McDaniel reported that February gross receipts of $1.06 billion are up by almost 12% compared to the same month last year. He …
