** A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico’s state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claiming the sale would raise U.S. gasoline prices. ** The United States has enough reserves of lithium, copper and other metals to build millions of its …
Ovintiv continues with major Kingfisher County discoveries
Ovintiv has done it again…brought in 3 wells in Oklahoma’s STACK with daily production of more than 4,100 barrels of oil a day. The Emory 1708 2h-15x, Emory 1708 5h-15x and the Emory 1708 3h-15x, located at 22 17N 8W,a site six miles northwest of the city of Kingfisher had combined production of 4,138 barrels of oil a …
Hamm now has bought $21 million more in shares of Continental Resources
Reuters reports Oklahoman Harold Hamm, the man who founded Continental Resources has acquired millions more shares in his Oklahoma City-based company. The latest report shows he bought more than $21 million in Continental stock since November and in December bought more than $16 million. As OK Energy Today reported earlier this month, he acquired …
Halliburton says evidence was stolen in a failed California gas leak
Halliburton says key evidence showing its efforts to get a controversial well blowout under control in California was stolen. The evidence involves Halliburton subsidiary Boots & Coots, a firm hired to bring the Aliso Canyon well under control reported the Los Angeles Times. Click here for Los Angeles Times.
Continental’s $3 billion acquisition in Permian is finalized
Continental Resources’ more than $3 billion acquisition of Permian Basin assets previously held by Pioneer Natural Resources Co. is a done deal. Pioneer completed the multibillion-dollar divestiture of its Delaware Basin assets on Tuesday according to a report by Hart Energy. Click here for Hart Energy.
Synergy by OK Wind Farm and EV Technology Beneficial
Six wind farm facilities across Oklahoma, Texas and Illinois have been installed with charging stations as part of Apex Clean Energy’s deployment project with Boston-based XL Fleet Corp, according to a company press release issued Wednesday. The equipment includes 12 dual-port, level 2 chargers that were installed at the designated wind farms. The charging infrastructure …
Crude oil rebounds Tuesday with 3% gain–OK energy stocks up too
After Monday’s slump, oil prices rebounded with a 3% gain on Tuesday but analysts say investors remain cautious about the impact of the Omicron coronavirus variant on holiday travel plans. The rebound was also seen by Oklahoma energy stocks. West Texas Intermediate crude oil for February delivery went up $2.89 to finish the day …
Tar Creek Superfund site plan available for public viewing
Trustees of the 2,500-square mile polluted area known as the Tar Creek Superfund site in northeast Oklahoma and southeast Kansas are pushing ahead with a restoration plan. The Oklahoma Department of Environmental Quality announced the Tar Creek Trustees are seeking comments on a Draft Phase 1 Restoration Plan/Environmental Assessment (Draft Phase 1 RP/EA). The …
Chesapeake Energy achieves certification for Haynesville operations
Chesapeake Energy Corporation (NASDAQ: CHK) is the first company to certify Haynesville natural gas operations jointly under the MiQ methane standard, and the EO100TM Standard for Responsible Energy Development, which covers a broad range of environmental, social and governance (ESG) criteria. The certification includes Chesapeake’s legacy Haynesville Shale operations with production volume of …
Wednesday headlines of other energy stories
** Presidio Petroleum LLC is in advanced talks to acquire around 5,000 shale gas wells from U.S. oil producer Exxon Mobil Corp, two people familiar with the matter told Reuters on Monday. Exxon’s XTO Energy unit has been seeking buyers for its holdings in the Fayetteville Shale in Arkansas, part of the company’s drive to raise …
