The ability of Ovintiv Inc. to find large producer oil wells in Oklahoma’s STACK play continues to be a marvel to observers of the oil and gas industry. The company’s latest two producers, both drilled on a single pad in Kingfisher County had combined production of nearly 2,900 barrels of oil a day. Both …
Crude slipped in Wednesday’s trading but OK energy stocks recorded gains
Crude oil prices dropped in Wednesday’s trading while Oklahoma energy stocks headed in the opposite direction. Investors looked to make profits from two straight days of gains for crude oil prices. West Texas Intermediate crude dropped 23 cents or 0.3% to close at $72.97 a barrel on the New York Mercantile Exchange. Brent crude, the …
Transportation Secretary to visit FAA in Oklahoma City
U.S. Transportation Secretary Pete Buttigieg plans to visit Oklahoma City this week to hold discussions on aviation safety at the Federal Aviation Administration’s Mike Monroney Center. Buttigieg made the announcement in a tweet indicating he will meet with “our next generation of air traffic controllers training” at the center. “Their work and our continued …
Federal bank survey finds slowed growth in oil and gas in Texas, New Mexico and Louisiana
A survey by the Federal Reserve Bank of Texas showed growth in the oil and gas sector in Texas, Louisiana and southern New Mexico stalled in the first quarter of 2023. The Dallas Fed Energy Survey indicated the business activity index, the survey’s broadest measure of conditions in the district’s energy firms, was down …
Quick reads of other energy stories
** An oil tanker owned by a major U.S.-traded transportation company appears to be taking on Iranian crude oil in a key Asian maritime strait in violation of American sanctions, an advocacy group alleges. The firm allegedly involved, Euronav, said Wednesday it will “take appropriate action when necessary.” ** North Dakota Gov. Doug Burgum has …
Smart electric meters arrive in Amarillo
Xcel Energy and its smart electric meters arrived this week in the city of Amarillo. The first such meter was installed by the company and eventually the company hopes to install ore than 275,000 of them in the company’s service area in the coming two years according to the Amarillo Globe-News. “We’re excited to …
Summit Utilities welcomes any investigation of its rates in Arkansas
Accused in a lawsuit of price gouging and the target of investigative efforts by the Arkansas Attorney General, leaders of Summit Utilities say they welcome any probe of their rates and how they came to be. They suggest their books are open for review. The Colorado-based company, one that acquired CenterPoint Energy’s natural gas …
Proposed oil railway in Colorado leaves leaders split over support and opposition
Leaders of a western Colorado County find themselves at odds with some of their U.S. Senators and Representatives in the controversial project of a proposed railway to carry Utah oil to Gulf Coast refineries. At least 88 miles of the proposed Uinta Basin railway would run through Colorado and it’s a project supported by …
Recycling wind turbines is a growing challenge to lawmakers
A bill to study how best to recycle old solar panels and wind turbines passed unanimously out of the Indiana House on Monday. The U.S. hasn’t found a cost-effective way to recycle panels and turbines yet. And that could mean a lot of waste in the next 20 to 30 years as the less …
Federal grant is made to help expansion of meat processors in Oklahoma
After the federal government started a crackdown on meat packing processors, a move that led to the loss of hundreds of small operations across the U.S., a shortage of available meat developed in the nation. The pressure of COVID-19 added to the problem. Now the same government is attempting to bring about a return …