February 25, 2021 archive

Completion reports for February 25, 2021

CANADIAN COUNTY Citizen Energy Iii Llc Woodford(12041): Oil 94 Gas 1395 Water 406 Flow 8 11N 8W Jensen 1h-8, July 27, 2020 HH, OIL, TD: 17481 ft Lat: 35.44872, Long: -98.07532 API: 35017256180001 CARTER COUNTY Xto Energy Inc 11 4S 2E Naylor 3-11h2x35, February 14, 2020 HH, DRY, TD: 25289 ft Lat: 34.22928, Long: -97.06321 API: 35019263150001 MAJOR COUNTY Interstate Explorations Llc 16 …

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Permits to drill for February 25, 2021

permits: none were processed today

2020 was a tough year for Mammoth Energy Services

Oklahoma City’s Mammoth Energy Services reported its fourth quarter total revenue increased over the third quarter of 2020, but for the year, its revenue was down 50% compared to a year ago. Total revenue for the fourth quarter was $85.1 million, up 21% from the $70.5 million at the end of the third quarter 2020 …

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US crude at $64 but Oklahoma energy stocks suffered Thursday

  Crude oil prices split their ways in Thursday’s trading as US crude went up closer to the $64 mark while European crude fell but remained a strong $66 a barrel price. West Texas Intermediate crude oil for April delivery went up 31 cents to $63.53 a barrel in trading on the New York Mercantile …

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PSO submits filing to lessen customer impact of higher February storm costs

  Public Service Company went to Oklahoma regulators less than a week after the historic winter storm to ask for help in cost recovery of making sure the state could provide power to homes and businesses. In a press released on Thursday, PSO called it a filing “designed to minimize the impacts that dramatic increases …

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Utilities want regulatory cost recovery help after winter storm

  Utilities wasted little time following the disastrous winter storm that hit the Midwest and South last week in asking for cost recovery help from the Oklahoma Corporation Commission. The gas supply costs of one company for February alone were estimated at $1.5 billion. Even as Public Service Company of Oklahoma issued a press release …

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Rep. Cole joins in introduction of RURAL Act to help utilities

  The winter storm that nearly paralyzed Oklahoma, Texas and Kansas in the past week prompted some members of congress to create a bill to help utilities obtain financing in the wake of such federal disasters. Oklahoma Congressman joined Arkansas Rep. Rick Crawford in the introduction of the Reinforcing Utility Restoration After Losses or RURAL …

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Nearly 250 new jobs coming to Miami, Oklahoma

Miami in northeastern Oklahoma will be the site of a Communication Solutions call center producing an estimated 250 new jobs over the coming five years.   Starting with 1 call center in 1996, Miami will be the firm’s 6th location. The company stated it will invest more than $500,000 to develop an inbound retention and …

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Federal Reserve Bank reports increased business activity

  February business activity increased in Oklahoma and other states that make up the Tenth District of the Federal Reserve Bank of Kansas. Chad Wilkerson, vice president and economist at the Federal Reserve bank said the increase was revealed in the February Manufacturing Survey which showed business growth compared to January and a year earlier. …

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Devon Energy is among those with most active rigs in US

    The energy analytical firm Enverus Rig Analytics reported Thursday the US rig count slipped over the past week to 447. The Austin, Texas company said the drop of four was as of Feb. 24 while the count is still up by 4% in the past month. However, the year to date count is …

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