June 22, 2022 archive

Completion reports for June 22, 2022

CARTER COUNTY Citation Oil & Gas Corporation 24 1S 3W Tatums Field Unit 74-9, June 04, 2022 SH, INJ, TD: 2997 ft Lat: 34.44985, Long: -97.46706 API: 35019245830000

Permits to drill for June 22, 2022

Canadian County MARBLE 1307 #3SMH-34, September 24 2021 03 12N 7W NENENWNW API: 01725708 Lat: 35.550729430212336, Long: -97.93307681051633 CANVAS ENERGY LLC HH, AM, 14400 ft, MISSISSIPPIAN(9511), WOODFORD(9594) Canadian County EARLES RANCH #2H-7-18, June 22 2022 07 11N 9W SWSWSWNW API: 01725822 Lat: 35.44324538673647, Long: -98.20036433008451 CITIZEN ENERGY III LLC MU, DR, 21500 ft, MISSISSIPPIAN(13700), WOODFORD(13800) Coal County …

Continue reading »

Two Energy Transfer pipeline projects finished

  A pipeline carrying crude oil from the Cushing oil hub in Oklahoma to south Texas is one of two crude oil pipeline projects completed nationwide as of early June according to the U.S. Energy Information Administration. The Energy Transfer Cushing South Phase II is a 55,000 barrel a day expansion of the Cushing South …

Continue reading »

I Make America campaign to feature Sen. Lankford

  Tulsa’s McElroy Manufacturing along with the Association of Equipment Manufacturers plan an employee town hall on Monday featuring U.S. Sen. James Lankford. He will visit the manufacturing plant as part of the Association’s I Make America, a national grassroots campaign. As part of the campaign, the association works throughout the year to host elected officials …

Continue reading »

OK energy stocks and crude prices react negatively to Fed chair’s inflation comments

Oklahoma energy stocks paid the price Wednesday as some firms suffered losses of 8, 9 and 10% following Federal Reserve Chair Jerome Powell’s comments about being committed to bring down inflation. Local energy stocks dropped along with crude oil prices and major U.S. stock indexes following his comments. West Texas Intermediate crude for August delivery …

Continue reading »

Chesapeake Energy doubles share buyback to $2 billion

  Chesapeake Energy announced Wednesday it is doubling its share repurchase program from $1 billion to $2 billion. The company said its Board of Directors reached the decision to offer up to $2 billion in aggregate value of its common stock and/or warrants through the end of 2023. To date, under its previously authorized program, …

Continue reading »

Texas power grid broke record during lingering heatwave

  A record set for electrical power use in the Texas power grid didn’t last long as it was broken this week during the extended heat wave that its scorching the Midwest and Southwest. Homes and businesses cranked up their AC’s resulting in a peak power demand on Monday reported Fox Business News. Click here …

Continue reading »

Three Western states face delayed oil and gas lease sales

  The Biden administration has again postponed oil and gas lease sales in New Mexico, Colorado and Wyoming. Fox Business News says the Bureau of Land Management delayed the sales until the end of the month. Click here for Fox Business News

Rep. Cole slams what he calls Biden’s ridiculous gas tax holiday proposal

  President Biden’s plan to ask Congress to suspend the federal gas tax for the next three months had barely arrived when Oklahoma Rep. Tom Cole called it nothing but a “desperate” measure from a “desperate” President. It’s what he offered in a statement issued Wednesday morning. “Calling for a ‘Gas Tax Holiday’ is nothing …

Continue reading »

Headlines of other energy stories

** Sen. Joe Manchin says EV tax credit bonus is gone from spending bill. Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Manchin as they seek to wrap up negotiations on a spending deal. ** Chevron Corp on Wednesday signaled its move into the …

Continue reading »