A new study commissioned by the Oklahoma Oil and Gas Association found each active long lateral horizontal drilling rig running in Oklahoma at full capacity generates an average of $195.6 million in direct and indirect economic benefits over the course of a year, according to a press release issued by the OKOGA on Monday. Dr. …
May 2017 archive
Wind Coalition Groups Trade Competing Ads Over Tax Credits, Impact on Revenue
Although legislation was signed last month by Governor Mary Fallin to end the zero-emissions tax credit on July 1, wind energy advocates are not signaling defeat. Instead, one group is gearing up for an all-out war that will play out through the local media, according to a report by The Oklahoman. Following a spate of …
WTI, Brent Crude and Natural Gas Settlements Collapse on Monday
Oil prices settled at their lowest finish in nearly five weeks on Monday as traders remained uncertain that OPEC’s production curb would offset rising domestic crude output, according to Bloomberg MarketWatch. June West Texas Intermediate crude fell 49 cents, or 1%, to settle at $48.84 a barrel on the New York Mercantile Exchange. WTI prices lost …
Completion Reports May 2, 2017
BLAINE COUNTY Cimarex Energy Co Mississippi Solid(10200): Oil 931 Gas 4119 Water 1374 Flow 26 16N 12W Mitchell 1-26h, February 13, 2017 HH, OIL, TD: 15858 ft Lat: 35.82717, Long: -98.44283 API: 35011236620001 Cimarex Energy Co Mississippian: Oil 512 Gas 886 Water 900 Flow 13 16N 12W Sewell 1h-1312x, April 01, 2017 HH, OIL, …
Permits to Drill May 2, 2017
Blaine County R. MOORE #1-24H, April 28 2017 24 16N 12W NENWNWNW API: 01123792 Lat: 35.854929408139505, Long: -98.43556902214117 CONTINENTAL RESOURCES INC HH, DR, 15835 ft, MISS’AN (EX CHESTER)(10730) Blaine County SLO-POKE SWD #1, April 07 2017 33 18N 12W CSESESE API: 01123776 Lat: 35.98608469576474, Long: -98.47740667733184 CARRERA ENERGY LLC SH, AM, 7500 ft, VIRGILIAN(4850), …
Another Former Inhofe Staffer Heads to the White House
From Politico’s Morning Energy Report on Monday: “ANOTHER INHOFER HEADS TO THE WHITE HOUSE: Alex Herrgott, who served as Sen. Jim Inhofe’s point man on all things infrastructure when the Oklahoma Republican helmed the Environment and Public Works Committee, starts today at the Council on Environmental Quality as associate director for infrastructure. The move …
Houston Energy Firm Cuts Costs Including COO
Just a few months after making a $11 million purchase of 13,000 acres in the Permian Basin, Houston-based Camber Energy Inc. is moving its headquarters while its Chief Operating Officer has resigned. The moves come as Camber starts “cost-cutting initiatives,” according to a company announcement. The initiatives include the resignation of COO Ken Sanders. Camber …
Weather Records Broken in April—Thanks to Storms
All that severe weather over the weekend certainly affected “energy” in the state. It also affected the drought, not to mention weather records. Pity the oil and gas crews working in the Panhandle. Gary McManus, the state Climatologist with the Oklahoma Mesonet writes that official numbers for snow in the Panhandle are still being checked. …
Storms Leave Thousands Without Electricity from Panhandle to Eastern Oklahoma
Oklahoma had severe flooding in the east, strong damaging winds in the central part of the state while the Panhandle was under 15 inches of snow. The severe weather, as of Monday morning, left nearly 20,000 still without electricity. Hardest hit in terms of those without power were customers of Tri-County Electric Cooperative in Hooker …
Economies in Oklahoma and other Mid-Western States Are Growing
The monthly business conditions report issued by Creighton University economics professor Ernie Goss is showing improvements in the economies of Oklahoma and 8 other states in the midwest. The Mid-America Business Conditions Index rose from March to April. “This is the highest overall reading that we have recorded in more than three years,” said Goss. …