January 5, 2022 archive

Completion reports for January 5, 2022

ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian: Oil 5 Gas 150 Water 8 Flow Cherokee Sand: Oil 24 Gas 20 Water 6 Pump 19 28N 9W Scott David 1-19, October 19, 2021 SH, OIL, TD: 5093 ft Lat: 36.89316, Long: -98.20765 API: 35003219430003 CANADIAN COUNTY Devon Energy Production Co Lp Woodford(11832): Oil 595 Gas 6776 Water 1966 Flow 2 12N 9W Miller-miller 2_11-12n-9w 2hx, August 23, 2021 HH, OIL, …

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Permits to drill for January 5, 2022

Canadian County ROSEANNADANNA 34_27-12N-6W #2MHX, January 05 2022 34 12N 6W SWSWSWSE API: 01725758 Lat: 35.46515539733173, Long: -97.82131647418059 PALOMA OPERATING CO INC MU, DR, 18000 ft, MISSISSIPPIAN(8600)

Oklahoma regulators urged to approve PSO storm cost plan

  Oklahoma Corporation Commissioners must now decide if they want to follow the recommendation of an Administrative Law Judge to approve a 20-year plan of PSO to spread its $688 million in February storm costs out to ratepayers. ALJ Dustin Murer, in a statement after a day-long hearing on Wednesday called it one of the …

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U.S. crude oil prices finish higher as supplies slide

  Wednesday’s trading produced another increase in crude oil prices as the benchmark U.S. crude settled close to $78 a barrel while overseas, the price was closer to $81. But Oklahoma energy stocks recorded losses for the day. The increase in prices came after U.S. fuel inventories rose because of a slipping demand as COVID-19 …

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Native tribal leaders challenge two federal actions in New Mexico

  Native American leaders challenge the U.S. government in two energy areas of concern in the state of New Mexico. In one case, Navajo Nation President Jonathan Nez is concerned that the Biden administration’s proposed oil and gas leasing freeze around the state’s Chaco Culture National Historical Park would harm Navajo mineral rights owners. In another …

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Feds back Ameren’s move to retire coal plant early

  The U.S. Justice Department argues in recent court filings that Ameren should close a large Missouri coal plant sooner than 2024, accusing the utility of engineering a “drawn out” plan to close the facility.  The St. Louis Post-Dispatch reported the electric utility offered to close the giant Rush Island Energy Center in Jefferson County by March 2024. …

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4Q results from Devon to be announced in February

  Oklahoma City-based Devon Energy announced it will report fourth-quarter and full-year 2021 results on Tuesday, Feb. 15, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2021 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Feb. 16, the company will hold a conference call …

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Citizen Energy’s Canadian County drilling efforts

  OK Energy Today reported earlier this week that Tulsa-based Citizen Energy III LLC had plans for a 3-well single pad project in Canadian County but new documents show it is actually a 4-well project on the site. A late drilling permit issued by Oklahoma regulators indicated Citizen Energy received approval to drill the NOWLIN #1H-21, …

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Slight increase in Oklahoma gasoline prices

  While the national average is $3.29 for a gallon gasoline, the American Automobile Association reports gasoline prices in Oklahoma rose 3 cents in the past week to a new average of $2.90 per gallon. The new statewide average compares to $2.93 a month ago and $1.99 one year earlier. The highest average in the …

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Crude oil and gasoline prices increased in 2021 as demand growth outpaced supply growth

  From the U.S. Energy Information Administration: The Brent crude oil price increased from 2020 to average more than $70 per barrel (b) in 2021 as global demand for petroleum products increased faster than production, leading to global inventory draws. Nominally (not adjusted for inflation), the annual average crude oil price reached its highest level …

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