The latest weekly oil and gas rig count revealed an increase for the nation while the rig count is flat in Oklahoma, according to Houston-based Baker Hughes Company. The nation’s rig count gained three to reach 943, up from a year ago when it had 446 working rigs. Oklahoma’s count remains at 130 compared to …
2017 archive
WTI, Brent Crude and Natural Gas Futures Rise for the Week
Oil prices edged up Friday but settled with a fifth consecutive weekly loss as traders weighed Harvey’s effect on crude production and refinery demand in the Gulf of Mexico region, according to Bloomberg MarketWatch. October West Texas Intermediate crude rose 6 cents, or 0.1%, to settle at $47.29 a barrel on the New York Mercantile Exchange. …
Completion Reports September 5, 2017
BEAVER COUNTY Marlin Oil Corporation Cherokee(5742): Oil 1.17 Gas 174 Flow 32 6N 24E Beasley 1-32, April 03, 2017 SH, GAS, TD: 6940 ft Lat: 36.94142, Long: -100.48847 API: 35007251530002 GARVIN COUNTY S & H Tank Service Of Okla 5 3N 2W Mitchell 1, July 25, 2017 SH, COMM, TD: 8230 ft Lat: 34.75640, Long: -97.43953 API: 35049395410004 KINGFISHER COUNTY Chisholm …
Permits to Drill September 5, 2017
Blaine County J&M BIA 1510 #1-30MH, August 31 2017 30 15N 10W SENENENE API: 01123852 Lat: 35.75250917242941, Long: -98.29683730695754 MARATHON OIL COMPANY HH, DR, 16257 ft, MISSISSIPPI LIME(10030) Canadian County HASTA 1206 #23-1WH, September 01 2017 26 12N 6W NENWNWNW API: 01725061 Lat: 35.49258749873212, Long: -97.81164496177784 89 ENERGY LLC HH, DR, 14300 ft, MISSISSIPPIAN(8775), WOODFORD(8875) Garfield …
August Rainfall Just Missed Being a New Record in Oklahoma
The past month turned out to be the second wettest August in Oklahoma on record as rainfall totaled an average of 6.42 inches. The Oklahoma Mesonet reports the total was 3.47 inches above normal and only .06 less than the record set in August 1915. State Climatologist Gary McManus reported ten Mesonet sites recorded …
Gasoline Prices Rise with Shortages Caused by Harvey
As the nationwide gasoline price average hit $2.45 entering the weekend, Oklahoma motorists and others can only wait to see if prices will rise even more and whether there will be any supply issues. As of Friday, some Oklahoma retailers reported they were met with supply limits on their purchases while some refiners in the …
Court Ruling on Car Tax Prompts a Gubernatorial Candidate to Attack Another
The Oklahoma Supreme Court ruling that upheld the constitutionality o the removal of a sales tax exemption on new cars brought an obvious sigh of relief from Gov. Mary Fallin and legislative leaders. But it also brought a broadside filed by one politician against Lt. Gov. Todd Lamb who is running for governor. Gary Richardson, …
Anadarko Takes IRS to Court in Fight Over Capital Loss Denial
The hurricane’s damage and flooding in south Texas didn’t stop Anadarko Petroleum Corporation from suing the IRS this week in Texas federal court. The Houston-based company sued the IRS because it refused to recognize a nearly $16 million capital loss two years. The lawsuit alleges the agency also changed its rules covering the deferral of …
Xcel Energy to Close 2 Coal-Fired Units at Pueblo, Colorado
Xcel Energy, the largest electrical utility in Colorado confirms it is considering the shutdown of two coal-fired generating units ten years earlier than planned. The company says it plans to replace the two older units at the Comanche Generating Station in Pueblo with a mix of wind, solar and natural gas. One of the units …
Push for New Energy Standards in New Mexico
State regulators in New Mexico are being asked to create new energy standards to protect consumers and utility shareholders from future environmental regulations. New Mexico Attorney General Hector Balderas joined some consumer advocates in petitioning the Public Regulation Commission and calling on electric utilities to reduce carbon dioxide emissions from power plants by 4 percent …