March 10, 2021 archive

Completion reports for March 10, 2021

completions: none were processed today

Permits to drill for March 10, 2021

Hughes County OGDEN #1, March 09 2021 35 8N 10E CNENWSE API: 06376057 Lat: 35.121972675600745, Long: -96.2179962350777 OTC/OCC NOT ASSIGNED SH, RC, 3517 ft, UNION VALLEY(3469) Seminole County CARTER ##1-20V, March 10 2021 20 10N 6E CNENE API: 13325360 Lat: 35.331817318890394, Long: -96.69974450220882 NEW DOMINION LLC SH, DR, 4800 ft, MISENER-HUNTON(4268) Wagoner County UNKNOWN #1, March 09 …

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Fourth quarter improvements reported by Ascent Resources

  Oklahoma City’s Ascent Resources reported improved fourth quarter earnings while it suffered a net loss of $590 million for 2020. The earnings report released Wednesday show the firm’s fourth quarter net income was $169 million and adjusted net income of $15 million and adjusted EBITDAX of $214 million. It also generated $54 million in …

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Crude oil prices get slight bounce upward

Crude oil prices had a slight rebound in Wednesday’s trading reaching $64 in the US and nearly $68 overseas after the big plunge on Tuesday. West Texas Intermediate crude for April delivery had a 43 cent increase to $64.44 a barrel. Global benchmark Brent crude for May deliver went up 38 cents and finished the …

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Texas winter storm report says natural gas will still be needed

  An Austin-based analytics firm, Enverus released a report this week on its study of the winter storm that crippled Texas last month, a report that said natural gas is still needed as a backup to renewable energy production. “The finger pointing resulting in 4 million without power and 70 deaths really needs to stop. …

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Regulators approve confidentiality for utilities in storm bills

  Three more utilities seeking state assistance in pausing some of the billions of dollars in gas bills they suffered in the February winter storm were given confidentiality by Oklahoma regulators as the firms try to avoid a direct pass-through of their costs to consumers. The confidentiality approval by the Oklahoma Corporation Commission came after …

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EV road use bill passed by Oklahoma House

A bill targeting electric vehicles for possible fees on road use in Oklahoma won overwhelming approval Tuesday in the State House of Representatives. House Bill 1712, authored by Mustang Republican Rep. Brian Hill creates a road User Charge Task Force and was passed on a vote of 81-15 and sent to the Senate for a …

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New Mexico Senators oppose permanent freeze of public leases

  New Mexico’s U.S. Senators, both Democrats might be having second thoughts about President Biden’s early executive orders putting a freeze on oil and gas leases on public lands. Sens. Martin Heinrich and Ben Jay Lujan sent a letter this week to White House national climate adviser Gina McCarthy urging the administration not to make …

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Energy news in brief

** The Biden administration said Tuesday that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by summer, but officials declined to state how long the moratorium could remain in place. ** More than 90 Montana state lawmakers call for a reversal of President Biden’s decision …

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Kansas regulators to investigate 7 utilities over February storm service

  Kansas regulators have opened investigations into the practices of seven utilities and gas supply firms during the February storm that resulted in historic gas prices and rolling blackouts in some areas of the state. One of the targets of the investigation is Kansas Gas Service, a subsidiary of Oklahoma-based ONE Gas. Kansas Gas Service …

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