May 28, 2020 archive

Completion reports for May 28, 2020

Completion reports issued on May 28, 2020. HUGHES COUNTY Trinity Operating Usg Llc Mayes – Woodford: Gas 4361 Water 1832 Flow 5 7N 12E Mitzi 4-32/29h, October 04, 2019 HH, GAS, TD: 14300 ft Lat: 35.11509, Long: -96.06039 API: 35063249000001 Trinity Operating Usg Llc Mayes – Woodford: Gas 4361 Water 1832 Flow 5 7N 12E Mitzi 4-32/29h, October 04, 2019 HH, GAS, TD: 14300 …

Continue reading »

Permits to drill for May 28, 2020

Permits to drill issued on May 28, 2020. Okmulgee County STEELE #11-27, May 28 2020 27 15N 13E NESWNWSW API: 11127538 Lat: 35.745378848174674, Long: -95.9250042691045 STALEY J I CO LLC SH, DR, 1800 ft, BARTLESVILLE(1250), BOOCH(1600) Okmulgee County STEELE #12-27, May 28 2020 27 15N 13E NESESWNW API: 11127537 Lat: 35.74883648011183, Long: -95.92293173446815 STALEY J I CO …

Continue reading »

US oil prices drop again but climb internationally

With the specter of Russia possibly wanting to ease the OPEC production cuts and a growing crude oil stockpile, U.S. oil futures dropped Thursday, falling 10 cents. The less than 1% drop left July West Texas Intermediate crude at 33.61 a barrel in trading on the New York Mercantile Exchange. Overseas, Brent futures rose 55 …

Continue reading »

Lucas introduces bill to reduce nation’s dependence on foreign minerals

Congressman Frank Lucas (OK-03) joined Rep. Paul Gosar (AZ-04) and Rep. Michael Waltz (FL-06) in introducing the American Critical Mineral Exploration and Innovation Act of 2020. They were joined by House Committee on Natural Resources Ranking Republican Rob Bishop (UT-01), and House Republican Leader Kevin McCarthy (CA-23). The American Critical Minerals Exploration and Innovation Act aims to reduce America’s …

Continue reading »

Jobless benefits claims decline in Oklahoma

The number of initial claims for unemployment benefits filed with the Oklahoma Employment Security Commission (OESC) for the week ending May 23, 2020, continue to reflect the impact of business closures due to the COVID-19 and Oil Industry crises. For the week ending May 23, 2020, unadjusted initial claims in Oklahoma totaled 32,127, a decrease …

Continue reading »

OGE customers to see reductions in monthly utility bills

  OG&E announced that it will lower its monthly fuel cost recovery, effective with the first customer billing cycle in June. On average, residential customers in Oklahoma will see a reduction of $5 per month. The company said the savings are tied to the ongoing slump in the price of natural gas, which is used to generate electricity. Typically, …

Continue reading »

Williams to create solar installations at some of its operations

Tulsa’s Williams Cos. is going solar power, announcing it intends to make major installation of solar power operations at some of its gathering and processing sites around the U.S. The company said it intends to take advantage of the falling cost of solar technology and available tax credits, adding that natural gas and solar make …

Continue reading »

Austin tops national solar power survey

  Austin is now No. 1 in the U.S. when it comes to solar power available per person, according to new data gathered by the Environment Texas Policy and Research Center. The city beat out Los Angeles and San Antonio for the top spot. Austin was ranked 14th in the nation for solar energy produced inside …

Continue reading »

Federal Reserve Bank finds manufacturing in Oklahoma and other states is still low

The Federal Reserve Bank of Kansas City released the May Manufacturing Survey that shows the manufacturing activity in the Tenth district, which includes Oklahoma continued to decline but not as sharply compared to last month’s record low. Chad Wilkerson, vice president and economist at the Federal Reserve Bank said the survey also found that expectations …

Continue reading »

Statewide flood plan to be developed under new law

Oklahoma Senate Bill 1269, legislation that directs the Oklahoma Water Resources Board (OWRB) to develop a Statewide Flood Resiliency Plan, was signed into law by Governor J. Kevin Stitt on May 18. In addition to the creation of a statewide flood mitigation plan, the law creates the State Flood Resiliency Revolving Fund to fund both …

Continue reading »