April 2022 archive

Permits to drill for April 28, 2022

Carter County POLECAT #2, April 28 2022 35 5S 1W CNWNWNE API: 01921867 Lat: 34.08472999683507, Long: -97.27292551389962 TRIPLEDEE OPERATING COMPANY LLC SH, RC, 6404 ft, LONE GROVE(4930) Kingfisher County LINCOLN NORTH UNIT #60-4HO, April 28 2022 36 18N 6W SWSWSWSW API: 07326857 Lat: 35.986165990373266, Long: -97.79965703539291 HINKLE OIL & GAS INC HH, DR, 14358 ft, OSWEGO(6200) Kingfisher …

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Completion reports for April 28, 2022

completions: none were processed today

Stockholders held annual meeting at Williams

  This week’s annual meeting of stockholders of the Williams Companies Inc. included the retirement of two members of the Board of Director. Stephen I. Chazen and Charles I. Cogut retired from the board at the expiration of their terms at the April 26 annual meeting. Twelve director nominees were elected to one-year terms. They …

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Oil prices climb on Germany’s push to end Russian oil purchases

  Germany’s announcement that it was prepared to end Russian crude oil purchases and support a total ban prompted an increase Thursday in the world’s crude oil prices. In the U.S., West Texas Intermediate crude rose more than 3% or $3.34 to finish the day’s trading at $105.36 a barrel on the New York Mercantile …

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US and World energy headlines

** HighPeak Energy Inc. agreed on April 27 to acquire the Howard County, Texas, assets of Hannathon Petroleum LLC and other nonoperated working interest owners in a cash-and-stock deal estimated to be worth about $373.4 million. The bolt-on acquisition adds Midland Basin acreage largely contiguous to the company’s existing Signal Peak position where Chairman and CEO …

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Oklahoma manufacturing activity slowdown follows national trend

The Federal Reserve Bank of Kansas City released the April Manufacturing Survey showing a slight drop in activity in Oklahoma and the other states that make up the district, a movement that echoed what happened nationally. The announcement came on the same day that the U.S. Commerce Department revealed the nation’s economy shrank in the …

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Enverus rig count falls nationally

  The U.S. rig count fell by eight in the last week to 769 rigs as of April 27, according to Enverus Rig Analytics. The new weekly report by Enverus also showed increased activity in the Anadarko Basin while rig numbers dropped in the Permian Basin. Activity levels are down 0.3% in the last month …

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Climate activist fights “terrorist” conviction

  Oklahoma is one of at least 17 states in the past few years that adopted laws aimed at protesters who go too far in their opposition to energy projects such as oil and gas pipelines. A federal appeals court prepares to hear one such case where a woman who fought the Dakota Access Pipeline …

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Mullin introduces bill targeting Biden’s NEPA changes

  Oklahoma Congressman Markwayne Mullin targeted President Biden’s move to roll back President Trump’s National Environmental Policy Act reforms adopted in July of 2020. He filed a bill called the “Stop NEPA Expansion Act” which would prevent Biden from requiring federal agencies to take a “hard look” at the impact of major highway, pipeline and …

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Anti-energy investment firms face response from Oklahoma legislature

  The Oklahoma legislature moved closer this week to approval of a bill to require the state to divest from any financial company that boycotts the energy industry. Click here for McCarville Report.