Friday saw crude oil prices and Oklahoma energy stocks rebound with strong gains—oil climbing nearly 3% to a 9-week high as supply worries and technical buying outweighed concerns of more interest rate hikes in the near future. U.S. benchmark, West Texas Intermediate crude rose $2.06 or 2.9% per barrel to close at $73.86 on the …
Continental Resources recently concluded a 3-well project on a single pad in Carter County with combined production of nearly 1,700 barrels of oil a day. The three Courtbet wells are located at 27 1S 3W, a site about one mile east of Ratliff City and each produced from the Woodford formation. The Courbet 5-27-16xhw produced …
Amazon is spreading its global renewable energy portfolio and recently reached 30 solar and wind projects in the southeastern US including two more solar farms in Arkansas. With five new solar and wind projects, Amazon expects to generate more than 7,500GWh once fully operational. It was last fall when two new solar energy projects …
Just as we suspected, the three-well single-pad project by Ovintiv Inc. reported in Kingfisher County was really a four-well single-pad project located one mile north of Okarche. It turned into four wells producing more than 3,100 barrels of oil a day. A fourth completion report was filed Thursday, one day after the three first …
Crude oil prices ended up flat in Thursday’s trading while Oklahoma energy stocks suffered losses for the day, largely because of tighter U.S. crude supplies and a growing likelihood of a coming interest rate hike. West Texas Intermediate crude gained 1 cents to $71.80 a barrel on the New York Mercantile Exchange. It came at …
Many readers might associate the Permian Basin only to West Texas, but a new report by the U.S. Energy Information Administration shows just how important two counties in southeast New Mexico are to the oil production of the Basin. In southeastern New Mexico, horizontal wells in Lea and Eddy counties drove much of the …
While the Oklahoma Broadband Office moves ahead in development of extending public broadband service to more rural areas in the state, a national group that advocates private broadband networks reports its membership is more than 100 groups. Utility Broadband Alliance, formed in 2021, surpassed a major membership milestone with the addition of CenterPoint Energy, …
The 2021 Winter Storm Yuri is still on the minds of dozens of cities and towns in Kansas because they still owe millions of dollars in exorbitant gas bills from utility providers. More than 50 cities and one municipal energy agency have asked for help from the City Utility Low-Interest Loan Program created by …
Some breathing room was offered by a Judge to Colorado oil and gas operator K.P. Kauffman, staying an order by regulators for the company to remediate 78 sites and pay a $2 million fine. Kauffman was under an Aug. 1 order to stop operating in Colorado but a judge agreed to stay that order …
** Tuesday marked the Earth’s hottest day ever recorded, according to the University of Maine’s Climate Change Institute. Worldwide temperatures on July 4averaged 62.92 degrees Fahrenheit, according to the institute, which extrapolated from more than 40 decades of data from the U.S. National Centers for Climate Prediction. ** A new federal study estimates that toxic …