Plugging in: Energy briefs for Feb. 8

Plugging in: Energy briefs for Feb. 8
Modified: February 7, 2013 at 8:16 pm •  Published: February 8, 2013
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PLUGGING IN

Unit revises reserve estimates

Unit Petroleum Co. increased its estimated proved reserves by 29 percent in 2012 to 150 million barrels of oil equivalent, parent company Unit Corp. announced Thursday. The company's estimated reserves were 15 percent oil, 23 percent natural gas liquids and 62 percent natural gas. Unit replaced about 337 percent of last year's production from all sources. The company produced 14.2 million barrels of oil equivalent last year, an increase of 18 percent over 2011. Unit expects to produce as much as 16.5 million barrels this year.

Tulsa to host energy experts

The University of Tulsa College of Law will host energy experts from across the country next month to discuss industry career paths for young attorneys. The 2013 Hartrick Symposium will be March 1-2. “We are very fortunate to have recognized leaders in the field of energy, law and education coming together to discuss potential career opportunities for law students and young attorneys in the dynamic energy sector,” Dean Janet Levit said. “Tulsa is the perfect setting for this discussion as the historic oil and gas capital of the world, and we hope that those in attendance gain a valuable perspective on the important role that energy plays in all our lives.”

Gulfport boosts production

Gulfport Energy Corp. boosted its annual production to nearly 2.6 million barrels of oil equivalent last year, the company reported this week. That is up from 2.33 million barrels in 2011. Gulfport also increased its total proved reserves to nearly 14 million barrels of oil equivalent, with almost 60 percent classified as proved developed reserves.

Siemens to supply OMPA plant

Siemens Energy Inc. will supply a 103-megawatt combustion turbine-generator for Oklahoma Municipal Power Authority's Charles D. Lamb Energy Center. OMPA officials signed a procurement contract with Siemens last week. The new power plant will be built on a 160-acre site in Kay County, close to Ponca City and Blackwell. Both are among the 39 cities that get their electricity from OMPA.