March 16, 2022 archive

Completion reports for March 16, 2022

GRANT COUNTY Three Forks Resources Llc 5 25N 5W Schuermann 2, October 29, 2021 null, INJ, TD: 5975 ft Lat: 36.67935, Long: -97.76702 API: 35053010400003 KAY COUNTY Barber Oil Llc Mississippi Chat(3668): Oil 8.19 Gas 195 Water 60 Pump Mississippi Chat(3668): Oil 8.33 Water 71 Pump Mississippi Chat(3668): Oil 0.41 Water 25 Pump 7 27N 2E Flying ‘l’ Ranch 1-7, December 01, 2021 SH, OIL, TD: 3813 ft …

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Permits to drill for March 16, 2022

Grady County MADDEN 26-10N-7W #3MH, March 16 2022 26 10N 7W SESESESW API: 05124927 Lat: 35.30604695640723, Long: -97.91038802616735 PALOMA OPERATING CO INC HH, DR, 17500 ft, MISSISSIPPI LIME(10450) Kay County KAUPKE #1-29A, March 16 2022 29 29N 1W N2S2NENE API: 07124402 Lat: 36.968347641094034, Long: -97.32080989019849 BARBER OIL LLC SH, RC, 3385 ft, LAYTON(2770) Mcclain County AMY JO …

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US crude dropped to $95

  For a fifth time in the past week, crude oil prices fell in Wednesday’s trading after U.S. inventories increased and peace talks in Russia and Ukraine offered little hope. West Texas Intermediate crude for April delivery dropped $1.40 before settling at $95.04 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …

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Poor short-signed energy decisions were made worse by war

  Higher gas prices aren’t just the result of Putin’s invasion of Ukraine but also because of canceled pipeline projects and delayed permit approvals declared the president of the Texas Oil & Gas Association.   Speaking at a meeting of the East Texas Gas Producers Association in Carthage, Todd Staples said the conflict painfully demonstrates …

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Oil prices still expected to remain high in US

  While crude oil prices dropped below $100 a barrel in this week’s trading, a federal government forecast says we can expect to see a high average hold this month. That’s the prediction of the U.S. Energy Information Administration which came out Wednesday with a prediction that West Texas Intermediate crude in March will total …

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Cushing records slight increase in crude storage

    New crude oil storage figures from the government show an increase in the past week in the amount of crude in storage at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration report released Wednesday showed the amount of oil in storage at Cushing rose from 22.2 million barrels as of …

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Cooperative opts out of bond securitization for winter storm costs

    Oklahoma regulators have signed off on another utility seeking approval of 2021 storm cost recovery but unlike previous firms, the Canadian Valley Electric Cooperative is not making use of the bond securitization Act that is being challenged before the State Supreme Court. Corporation Commissioners on Tuesday gave unanimous approval to a joint stipulation …

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Bice to Biden–unleash America’s energy industry

Oklahoma U.S. Rep. Stephanie Bice says it’s time the President end the federal freeze on all new oil and gas projects and let the U.S. return to being a top energy-producer in the world. In a column this week, the Republican Congresswoman called for Biden to “unleash domestic energy to remove Putin’s leverage on Europe …

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Jobless rates fall in most oil and gas producing states but not all

  New unemployment rates released by the government show an interesting twist in some of the nation’s major oil and gas producing states. Oklahoma is one of 10 states where jobless rates fell to record lows while New Mexico, home to part of the Permian Basin, had a rate higher than the national rate of …

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Headlines of other energy stories

** Lawyers from ClientEarth, a Shell shareholder, are seeking to hold the oil and gas giant’s 13 directors personally liable for what failing to adequately prepare for the global shift to a low-carbon economy. ** Intel plans to invest up to $89 billion over the next decade to build up Europe’s supply chain for semiconductors according to CNN Business. ** The …

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