September 8, 2022 archive

Permits to drill for September 8, 2022

Ellis County SHREWDER #26-23 2H, September 08 2022 27 18N 23W SENWNESE API: 04523872 Lat: 36.00473136627903, Long: -99.6347491593152 VALPOINT OPERATING LLC HH, DR, 18171 ft, OSWEGO(9677) Grady County RHONDA 0807 #33-4-1MXH, September 08 2022 28 8N 7W SESWSESE API: 05124959 Lat: 35.13205879255292, Long: -97.93795310658577 CAMINO NATURAL RESOURCES LLC MU, DR, 22404 ft, MISSISSIPPIAN(14056), WOODFORD(14238) Mcclain County LAUBHAN …

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Completion reports for September 8, 2022

CANADIAN COUNTY Cimarex Energy Co Woodford(13109): Oil 112 Gas 14535 Water 1290 Flow 5 13N 10W Miller Trust 5-32-4xhw, July 02, 2022 HH, GAS, TD: 23188 ft Lat: 35.62473, Long: -98.28447 API: 35017257260000 Cimarex Energy Co Woodford(13337): Oil 284 Gas 17253 Water 1761 Flow 5 13N 10W Miller Trust 5-32-2xhw, July 05, 2022 HH, GAS, TD: 23260 ft Lat: 35.62473, Long: -98.28795 API: 35017257280000 NOWATA COUNTY Waters …

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Crude prices rebounded after 7-month low

  Someone’s celebrating on Wall Street. After dropping to a 7-month low on Wednesday, crude oil prices managed a 1% improvement Thursday following threats by Russia to halt oil and gas exports. The day also left Oklahoma energy stocks with a mix of gains and losses. West Texas Intermediate crude for October delivery rose $1.60 …

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Oklahoma electricity costs among some of the highest in US but not electricity rates

  Just because reports indicate electricity prices in Oklahoma have climbed faster than more than 30 other states nationwide doesn’t mean electricity rates have risen so dramatically. Recent stories by News 9 and Fox 25 in Oklahoma City quoted a report from the U.S. Energy Information Administration which ranked Oklahoma 18th highest compared  to a year …

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Rig activity declines nationally reports Enverus

  Only one of the six oil and gas plays in the U.S. saw a gain of rigs in the past week according to the weekly count released by Enverus Foundations. The D-J Basin in Colorado and southern Wyoming saw a gain. The Anadarko Basin which includes Oklahoma, saw a reported decline of three while …

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Another OGE rate hike approved by Oklahoma regulators but it’s not appreciated by all

  The reactions to the Oklahoma Corporation Commission’s 3-0 vote Thursday to a nearly 2% rate hike for Oklahoma Gas and Electric Company are not surprising. With little questioning, Commissioners voted to allow OG&E to increase its base rates 1.9%, a move that will increase an average residential customer’s monthly bill by $2.07. It was …

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Inhofe’s Senate hearing questions targeted EPA overregulation

    Oklahoma U.S. Sen. Jim Inhofe (R-Okla.) used his questions during a Senate committee hearing this week to target the Environmental Protection Agency and its attempt to increase regulations on livestock and hot-rod drag racing. It was Wednesday when the Senate Environment and Public Works Committee held a  “Legislative Hearing to Examine the RPM Act, …

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Energy group to challenge federal judge’s ruling against oil and gas leases

  At least one oil and gas group plans to appeal a Wyoming federal judge’s decision that ordered a reconsideration of the government’s oil and gas leases in Montana and North Dakota—an order that was a settlement in a lawsuit brought by environmental groups. The Western Energy Alliance indicated it will challenge the ruling “based …

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Tax revenues set August records in Oklahoma

  With another strong boost from the state’s oil and gas industry, the amount of money that flowed into the Oklahoma treasury in August was record-setting said State Treasurer Randy McDaniel. In an announcement this week, McDaniel said the records are signs of a robust Oklahoma economy. August gross receipts set record highs for: • Twelve-month …

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Williams acquires Dallas-Fort Worth natural gas lines and storage facilities

  Tulsa-based Williams announced Thursday it acquired the north-Texas based NorTex Midstream in a $423 million deal. NorTex was an affiliate of Tailwater Capital and the acquisition, according to the announcement closed on August 31. The acquisition included 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort …

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