North Dakota, a state where Oklahoma energy firms are among the most active oil and gas producers, reported a 7% increase in natural gas production in February compared to January. The North Dakota Department of Mineral Resources indicated it expects production to increase in the coming months reported KX News. Click here for KX …
ONEGAS leadership to seek investors at national Financial Forum in May
ONE Gas, Inc., the Tulsa-based company that provides natural gas to 2.3 million customers in Oklahoma, Texas and Kansas, announced it will participate in the American Gas Association Financial Forum on Sunday and Monday, May 21-22, 2023, in Fort Lauderdale, Florida. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice …
California energy firm reports discovery of SE Oklahoma oil well
A California-based energy company, BNK Petroleum Inc. reported this week completion of a 560-barrel-a-day producing oil well in southeastern Oklahoma. The firm completed the Emery 17-2h in November of 2022 with production out of the Caney formation. Located at 8 4S 4E in Johnston County and a few miles north of the town of Mannsville, the …
AG not shy about environmental challenges in his first 100 days in office
From filing suit against the EPA over ozone emissions to challenging the government listing of the lesser prairie chicken as endangered, they are among the legal challenges undertaken by Oklahoma Attorney General Gentner Drummond in his first 100 days in office. Drummond joined a lawsuit against the Fish and Wildlife Service over its listing of …
Quick review of other energy stories
** The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. ** A federal appeals court on Monday overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing …
Crude settled down more than 2% and OK energy stocks lost as well
Not only did crude oil prices turn lower on Monday but so did Oklahoma energy stocks as some fell 3% to 4% in the day’s trading. The cause? The U.S. dollar grew stronger and there are lingering concerns that there will be a possible interest rate hike by the U.S. Federal Reserve in May. …
Increased oil and gas production anticipated in Anadarko basin in May
Oil and gas production is expected to increase in the Anadarko Basin according to a new report from the U.S. Energy Information Administration. The Drilling Productivity Report showed production in the basin, which includes Oklahoma, will got from 450,000 barrels oil a day in April to 458,000 by May. Natural gas production will also climb …
Regulators to review PSO’s latest rate hike request
A proposed PSO rate hike that one opposing group said would cause job losses will be reviewed this week by Oklahoma Corporation Commissioners. It will come on the same day the regulators might vote on a final order approving the utility’s request for approval of its $2.4 billion renewable energy project involving the acquisition …
Report gives high marks to Oklahoma’s economic outlook
Oklahoma Gov. Kevin Stitt just got some added fuel in his effort to convince state legislators to do something about lowering taxes. Oklahoma’s economic outlook ranks 5th best in the nation in a new scorecard announced by the American Legislative Exchange Council. Number one honors went to Utah for the 14th consecutive year as …
Wednesday to be another critical fire danger day in Oklahoma
Oklahoma is anticipating another crazy critical fire day on Wednesday. Temperatures will range from the upper 70s to the low 90s in some regions while the winds will be 25-30 miles an hour with gusts in the 40 to 50 mph range, according to the Oklahoma Mesonet. “Wednesday will be a rotten summer day …