Houston-based Southwestern Energy Company has closed its acquisition of GEP Haynesville, a move that deepens the company’s inventory in one of the two premier natural gas basins in the country. In December, the company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to …
More completions and more new drilling in Oklahoma
Oklahoma’s Canadian and Kingfisher Counties continue to see more completed wells along with new drilling planned for the region that is part of the STACK. Camino Natural Resources LLC reported the summertime completion of the Red River 1208 24-13-2wxh at 24 12N 8W , a site about one mile south of El Reno. The well, drilled …
Thursday US crude prices finished close to $77
A slight increase on Thursday left U.S. crude oil prices just under $77 a barrel while Oklahoma energy stocks managed some overall gains. West Texas Intermediate crude for February delivery went up 43 cents or 0.56% to finish the day at $76.99 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Hilliary Communications acquires two telecommunications companies in southwest Oklahoma
Hilliary Communications LLC, a cutting-edge communications company supporting customers throughout Oklahoma, Texas and Iowa, today announced its acquisition of Southwest Oklahoma Telecommunications Company (SWOI Wireless) and Southwest Oklahoma Telephone Company. Headquartered in Medicine Park, Oklahoma, Hilliary Communications will soon begin upgrades to enhance the network for many of the approximately 3,000 new customers. The Southwest …
Other energy headlines
** Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening the supply of oil and gas in the foreseeable future. ** The U.S. National Labor Relations Board impounded ballots that will decide whether the United Steelworkers (USW) continues …
Latest natural gas report shows increased production
The government reported an increase in dry natural gas production in October 2021 compared to a year earlier, marking the seventh consecutive month of growing production. The U.S. Energy Information Administration stated the preliminary level for dry natural gas production in October 2021 was 2,963 billion cubic feet (Bcf), or 95.6 billion cubic feet per …
Enverus reports nationwide drop in rig numbers
The latest U.S. rig count supplied by Enverus Rig Analytics showed a drop of 23 as of December 29 while at the same time there was an increase in the Anadarko Basin. The nationwide count dropped to 665 and the decline is believed to be associated with the end of the year. But the …
Rural Oklahoma to get $554 million boost from USDA
Oklahoma congressman Frank Lucas says the USDA’s recent investment of $554 million to build and improve critical rural infrastructure in Oklahoma will increase economic opportunities for small businesses in the state. The money will be used to expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across the …
Judge rules against Energy Transfer in failed merger with Williams
A federal judge has ruled Energy Transfer LP should pay a $410 million penalty over its failed $33 billion merger in 2016 with Tulsa-based Williams Cos. “Having called a dirge for the merger,” Energy Transfer “must pay the piper,” ruled Delaware Chancery Court Judge Sam Glasscock III in his 95-page decision. Click here …
Government proposes 29,000 acres for solar development in southern New Mexico
The government wants to develop solar power in New Mexico, Colorado and Nevada using 90,000 acres of federal public land. At least 29,000 acres would be located on public land in southern New Mexico reported the Carlsbad Current Argus. Click here for Carlsbad Current Argus.
