December 1, 2020 archive

Completion reports for December 1, 2020

Completion reports filed on December 1, 2020. CREEK COUNTY Rush Creek Operating Llc Skinner(2254): Oil 20 Water 10 Pump 33 15N 9E Lost Creek 33-1, August 18, 2018 SH, OIL, TD: 2396 ft Lat: 35.73166, Long: -96.36805 API: 35037294060000 GARVIN COUNTY Red Rocks Oil & Gas Operating Llc Viola – Simpson (above Oil Creek): Oil 50 Gas 69 Water 210 Flow 5 4N 4W Neva …

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Permits to drill for December 1, 2020

Permits to drill issued on December 1, 2020. Beaver County GREGG #1-18, December 01 2020 18 4N 28EC NWSESESE API: 00725361 LATIGO OIL AND GAS INC SH, RC, 7200 ft, TONKAWA(5255), MORROW SAND(6700) Carter County SW WILDCAT JIM DEESE UNIT #13-1, December 01 2020 12 2S 3W W2NESENE API: 01926422 Lat: 34.40071649539551, Long: -97.45920310005147 MACK ENERGY CO …

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US crude oil prices slip while oil production grows

  As investors awaited news whether OPEC will extend its production curbs through the early winter, they learned U.S. oil production was on the increase while gasoline inventories were dropping—resulting in falling crude prices nationally while increasing in Europe. Crude prices dropped nearly 2% by mid-afternoon on Tuesday after the American Petroleum Institute reported increased …

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Oklahoma Corporation Commissioners to meet

  Oklahoma public utility regulators meet Wednesday at the state capitol. Due to the COVID-19 pandemic, the meeting of the Corporation Commission will be virtual for the public, although it is possible that commissioners might attend in person using glass shields separating themselves from one another. The agenda includes consideration of a daily signing agenda, …

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Bump in PSO gas bills coming in January

  Higher natural gas prices are behind a January increased fuel cost adjustment for customers of Public Service Company of Oklahoma. The company announced that beginning with the January 2021 billing cycle, PSO will increase the fuel cost adjustment on customer bills to reflect higher prices for natural gas and purchased power. The adjustment is …

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Exxon Mobil’s writedown stuns oil and gas industry

  It’s not unusual for corporations to writedown the value of their assets but the one taken this week by Exxon Mobil Corp. grabbed all sorts of notice. Exxon indicated it’s about to make its biggest writedown in modern history—-all because of the collapse of energy prices brought on largely by the COVID-19 pandemic. The …

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Judge bars Oklahoma from enforcing RR crossing law

  A railroad company that challenged Oklahoma’s 2019 state law against blocking streets has won a federal court lawsuit in Oklahoma City. U.S. District Judge Charles B. Goodwin has ruled the law unconstitutional and permanently barred the state from enforcing the law in a challenge filed by the Burlington Northern Santa Fe railway company. The …

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Permian Basin virtual water conference this week

Oil and gas industry leaders from Oklahoma will be among those taking part this week in the Water Management Permian Basin 2020 virtual conference. Water professionals from WPX Energy, Marathon Oil, EOG Resources, ConocoPhillips and Fourpoint Energy will be among those taking part in panels on Thursday and Friday where they will also explore options …

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An empty promise based on shaken oil and gas revenue

  New Mexico Gov. Michelle Lujan Grisham, who had plans to take advantage of the state’s enormous wealth from the oil and gas industry’s Permian Basin operations and use the money to finance free college for state residents, now is holding an empty promise. COVID-19 took care of the Democratic governor’s wishful thinking, as well …

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Kansas solar customers wait on regulators’ utility rate decision

  Rooftop solar customers in Kansas await a late December decision by regulators whether they will be forced by Evergy to pay higher electricity rates for using renewable energy. Environmental groups such as the Sierra Club call it a move by Evergy “to price-gouge customers putting solar panels on their homes.” Evergy has proposed a …

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