January 26, 2022 archive

Completion reports for January 26, 2022

CADDO COUNTY Okland Oil Company 9 11N 11W Red Rock 1-9, January 24, 2022 DH, PLUG, TD: 10005 ft Lat: 35.44490, Long: -98.36750 API: 35015233240000 Territory Resources Llc Springer(11570): Gas 48 Flow 4 5N 9W Alcott 2-4, November 18, 2021 DH, GAS, TD: 14030 ft Lat: 34.92941, Long: -98.15043 API: 35015225610000 CANADIAN COUNTY Camino Natural Resources Llc Woodford(10106): Oil 335 Gas 4859 Water 1204 Flow …

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Permits to drill for January 26, 2022

Garvin County LOWLANDS #1-31-32XHW, January 14 2022 31 1N 1W NWNENWNW API: 04925358 Lat: 34.52069463136809, Long: -97.34970901588991 CONTINENTAL RESOURCES INC MU, AM, 23961 ft, SYCAMORE(13288), WOODFORD(13800), HUNTON(13867) Hughes County VAN BEUNINGEN #4, January 26 2022 23 9N 8E CNENWSE API: 06323305 Lat: 35.23805985353439, Long: -96.42897192498212 POSITIVE ENERGY LLC SH, RC, 3520 ft, BOOCH(2990), GILCREASE(3140) Hughes County JASMINE …

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Transparency or confidentiality at Corporation Commission

  One renewable company is pushing back on a proposed transparency move  made by the Oklahoma Corporation Commission’s Public Utilities Division regarding storm costs of utilities seeking financial assistance. It could mean efforts by state regulators to hold utilities accountable for detailed explanations of their exorbitant storm costs from last year could lead to a …

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Renewables urge Dems to quickly pass BBB

  At least 6 renewable energy companies that have or had projects in Oklahoma were among the more than 260 firms making the economic case for Congress to pass the stalled Build Back Better Act. The 260 sent a letter this week to Democratic leaders, arguing that each month of delay results in a nearly …

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Regulators felt need for explanation on ONG financing plan

  Tuesday’s Oklahoma Corporation Commission approval of a financing plan by Oklahoma Natural Gas Company to pay its February 2021 storm costs prompted regulators to issue a statement about the action. The Commission is not normally in the practice of issuing statements or explanations of many of the actions it approves or disapproves during the …

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Crude oil prices move closer to $90 a barrel

Accessibility statementSkip to main content   Wednesday brought another gain for crude oil prices as they reached more than $87 a barrel in the U.S. while overseas they approached the $90 mark.  This, as tensions grew over Russia’s deployment of nearly 100,000 soldiers along the border with Ukraine. West Texas Intermediate crude for March delivery …

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Bice points to her abandoned well remediation research Act

  Oklahoma congresswoman Stephanie Bice recently took note of her work on solving the issue of abandoned oil and gas wells in the U.S. Click here for the McCarville Report. Click here to read the bill.    

Energy Transfer dividend announced

  Dallas-based Energy Transfer LP announced this week a 17-cent quarterly cash distribution. It translates into a 70-cent distribution per common unit on an annualized basis for the fourth quarter ended December 31. The company stated the distribution will be paid Feb. 18, 2022 to unitholders of record as of the close of business on …

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Constitutionality of OGE’s storm cost financing heard by Supreme Court referee

  The constitutionality of the act created in 2021 by the Oklahoma legislature that allowed Oklahoma Gas & Electric Company to use securitization of up to $800 million in February 2021 winter storm costs was at the heart of arguments Wednesday before a state supreme court referee. In a hearing that was live-streamed because the …

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6,500 barrels a day from 5 Ovintiv wells in Kingfisher County

  Ovintiv has done it again—come up with another major production effort in Oklahoma’s STACK play—four wells with nearly 6,600 barrels a day of oil production. At a site about 6 miles northwest of the city of Kingfisher, Ovintiv USA Inc. spudded three Jimenez 1708 wells. Located at 21 17N 8W, the wells had spud dates …

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