July 6, 2022 archive

Permits to drill for July 6, 2022

Beaver County BARBY C-12 #3, July 06 2022 12 4N 26EC CN2SWSE API: 00722766 LATIGO OIL AND GAS INC SH, RC, 6000 ft, KANSAS CITY(5500), MARMATON(5810) Coal County MILLER #2-17, July 06 2022 17 1N 8E S2NWNWSE API: 02921230 Lat: 34.55485771222213, Long: -96.48460662018698 GULF EXPLORATION LLC SH, RC, 5971 ft, VIOLA(4834) Dewey County 3C FARMS 14 BO …

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Completion reports for July 6, 2022

completions: none were processed today

Crude oil prices take another plunge

  Crude oil prices took another dip in Wednesday’s trading as both WTI and Brent crude dropped about 2% to a 12-week low—another sign of investors growing more worried about energy demand and an expected global recession. It was the second straight day of price declines as West Texas Intermediate crude for August delivery fell …

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OGE doesn’t anticipate power interruptions in extreme heat

  Oklahoma’s largest utility, Oklahoma Gas & Electricity notified customers Wednesday that despite the triple-digit temperatures over the next several days, they probably won’t need to take any energy conservation actions at this time. The utility also said it did not anticipate any power interruptions or so-called “rolling brownouts” due to extreme electricity demand. OG&E …

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Ovintiv sells holdings in Bakken and Uinta Basins

  Ovintiv Inc. announced Wednesday the $250 million sale of some of its assets in the Uinta and Bakken Basins and said it intends to use proceeds to increase cash returns to investors. The Denver-based company, with a heavy commitment in Oklahoma, said the sale involved two counter parties but did not identify them.   …

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Oklahomans change driving habits over high gasoline costs

  Record high gasoline prices in Oklahoma have caused an estimated 63% of drivers to adjust their driving habits according to AAA. It reflects an increase in the number reported in November 2021. A new AAA poll indicates that Oklahoma drivers are adjusting their daily driving habits, their travel plans and their travel budgets to …

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Vandals suspected in large oil leak in town of Cyril

  Investigators believe vandalism was behind the leak of thousands of barrels of petroleum-based fluid from a drilling company located in Cyril. Caddo County Sheriff’s officers believe someone broke into the Stellar Drilling Fluid operations by cutting a fence and opened tank valves. The Oklahoma Corporation Commission reported the same claim  according to News 9 …

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Oklahoma regulators to meet Thursday

  Oklahoma regulators will meet Thursday morning to consider an agenda that includes a 24-hour signing agenda docket. No specific items of business are on the agenda for the 9:30 a.m. meeting and Corporation Commissioners might vote on individual cases on the daily signing agenda. They also plan to be briefed on the growing impact …

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Oil and gas revenue remains strong for Oklahoma’s treasury

  An all-time high oil and gas production in the state helped boost Oklahoma’s Gross Receipts in June according to State Treasurer Randy McDaniel. He said it shows Oklahoma’s economy continues to expand despite inflation. announced today. Gross production taxes on oil and natural gas totaled$171.2 million in June, an increase of $91.5 million, or …

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Iowa to consider a third CO2 pipeline

  A third CO2 pipeline has been proposed in Iowa where some landowners are fighting the prospects of imminent domain. Click here for The Gazette