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Rig counts—up in Oklahoma and down nationwide
Oklahoma’s rig count grew by one in the past week to reach a total of 64 rigs breaking the horizon in search of oil and gas. Baker Hughes Co. reported on Friday the national rig count fell by one to 760. The decline included a loss of 2 oil rigs, leaving 607 across the …
Williams and Chevron reach deal for increased natural gas production
Williams announced that it has executed agreements with Chevron U.S.A. Inc. to support natural gas development in the prolific Haynesville Basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication while Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy …
Devon plans to focus on where the oil is—the Delaware Basin
After reporting a historic cash flow in 2022, Oklahoma City’s Devon Energy made it clear where it intends to invest most of its capital and efforts in 2023—The Delaware Basin. Specifically, New Mexico’s side of the Basin. In its recent fourth quarter financial results report, Devon stated it had average production of 407,000 Boe …
House Transportation Committee to consider legislative bills
From school buses to motorcycles, the Oklahoma House Transportation Committee will meet Tuesday to consider four bills. During the 1:30 p.m. meeting, members will consider HB1067, a bill introduced by Rep. Josh West. He wants the Oklahoma Turnpike Authority to exempt school buses and law enforcement from paying tolls on turnpikes in the state. Another …
Cherokee Nation to use $34 million grant to build larger broadband network
The Cherokee Nation in eastern Oklahoma plans to leverage a nearly $34 million federal grant to build 240 miles of new fiber backbone in the area it serves in the state. The Broadband Infrastructure Development project, funded with an award of $33,946,876.75 will result in the installation of fiber and wireless technology directly connecting …
Environmentalists pressure BlackRock to eliminate fossil fuel investments
BlackRock Inc., the company that became the poster boy after it discriminated against investments in oil and gas firms, faced more pressure this past week from environmentalists to exit investments in fossil fuels. BlackRock’s actions prompted the Oklahoma legislature to adopt last year the Energy Discrimination Elimination Act. During the financial conference where BlackRock …
Energy briefs
** The Biden administration turned down a request for federal disaster assistance from Ohio Gov. Mike DeWine in the aftermath of the train derailment in the state earlier this month that led to a large release of toxic chemicals. ** Transportation Secretary Pete Buttigieg shifted part of the blame for the recent derailment of a train carrying toxic …
Permits to drill for February 16, 2023
Garvin County WHITNEY #0404 27-22-4WXH, February 16 2023 27 4N 4W W2SESENW API: 04925410 Lat: 34.79105750168746, Long: -97.60824687456108 CPRP SERVICES LLC MU, DR, 19975 ft, WOODFORD(11175) Garvin County WHITNEY #0404 27-22-3WXH, February 16 2023 27 4N 4W W2SESENW API: 04925409 Lat: 34.79105750479951, Long: -97.60829683116403 CPRP SERVICES LLC MU, DR, 19500 ft, WOODFORD(11200) Logan County JAMES WILLSON 6-16-4 …
Completion reports for February 16, 2023
BEAVER COUNTY Latigo Oil And Gas Inc Kansas City(5496): Water 15 Pump 13 4N 26E Buttch 1-13, July 11, 2022 SH, DRY, TD: 6300 ft Lat: 36.80678, Long: -100.20249 API: 35007254340001 PITTSBURG COUNTY Oxley Energy Llc Atoka Mid (red Oak)(6500): Gas 189 Flow 30 4N 16E Penfield 2-30, August 24, 2022 SH, GAS, TD: 8390 ft Lat: 34.78626, Long: -95.66762 API: 35121249040001
Crude oil prices slipped Thursday and OK energy stocks were weak
Another drop in oil prices. They settled lower on Thursday as the market wonders on a buildup in U.S. crude stockpiles plus whether there might be a Chinese demand recovery. West Texas Intermediate crude fell 10 cents to $78.49 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, lost 24 …