January 14, 2021 archive

Permits to drill for January 14,2021

Permits to drill issued on January 14, 2021. Beaver County LILA CURTIS #1-5, January 14 2021 05 4N 28EC CW2NW API: 00725024 LATIGO OIL AND GAS INC SH, RC, 7000 ft, LOVELL(4862), ATOKA(6360), MORROW(6506) Blaine County WEST YELLOWSTONE #1-25H, January 14 2021 25 19N 10W SWSESESW API: 01124253 Lat: 36.08756288821039, Long: -98.22115866075958 KODIAK OIL & GAS EXPLORATION …

Continue reading »

Completion reports for January 14, 2021

Completion reports filed on January 14, 2021. ALFALFA COUNTY Trans Pacific Oil Corporation 2 28N 12W Frieden A Swdw 2-2, November 03, 2020 SH, DISP, TD: 700 ft Lat: 36.93624, Long: -98.46150 API: 35003233880000 CANADIAN COUNTY Camino Natural Resources Llc Mississippi Lime(10990): Oil 265 Gas 3929 Water 3362 Flow 10 11N 8W Vince Gill 1108 10-3-1mxh, November 07, 2020 HH, OIL, TD: …

Continue reading »

US crude oil prices settle above $53

  US crude oil prices easily topped the $53 a barrel mark in Thursday’s trading and started heading to $54 a barrel. Overseas oil prices closed up as well. West Texas Intermediate crude for February deliver rose 66 cents to finish the day at $53.57 a barrel on the New York Mercantile Exchange. Global benchmark …

Continue reading »

Judge approves Chesapeake’s exit from Chapter 11 bankruptcy

  Some of the creditors who fought Chesapeake Energy’s reorganization plan contending they would be shortchanged have lost their battle as a federal bankruptcy judge has signed off on the Oklahoma City company’s plan to exit bankruptcy. Judge David Jones of the U.S. Bankruptcy Court in Houston ruled this week in favor of confirming Chesapeake’s …

Continue reading »

Rig activity increases in US and Devon ensures its drilling on federal lands

  A new report by Enverus Rig Analytics based in Austin, Texas shows the U.S. oil and gas rig count increased by 10 in the past week to reach 405. It also revealed Devon Energy took major steps in protecting its future drilling on federal lands. The count is as of Jan. 13 and down …

Continue reading »

Oil and gas contributed nearly $3 billion last year to New Mexico’s state government

  A new report called Fueling New Mexico provided by the New Mexico Oil and Gas Association pointed out that the industry provided close to $3 billion in revenue to the state last year. The report said the $2.8 billion in revenue included $1.4 billion for public schools and higher education, $640 million for health …

Continue reading »

OERB plans more spring training sessions for educators

  More virtual learning sessions for school teachers are planned this spring by the Oklahoma Energy Resources Board. The sessions will include a new hybrid model to help educators get new classroom materials and help keeping students engaged for the new semester and years to come. The professional development opportunities for teachers is funded by …

Continue reading »

API makes case for Oklahoma regulators to increase natural gas production

  Oklahoma Corporation Commissioners are being told the 50% prorationing formula they adopted last year on unallocated gas wells in the state hurt the industry and the state and should be increased to 100%. The American Petroleum Institute, in a Jan. 13, 2021 letter to the three commissioners stated their action in March 2020 resulted …

Continue reading »

Wind industry faces increasing opposition in some regions

  The wind industry is seeing more attempts by local government regulators to put restrictions on its growth and development. Witness two examples, one in Illinois and another in Iowa. The Piatt County Journal-Republican in central Illinois reported on how a county board agreed to put limits on wind turbine heights because of shadow flicker …

Continue reading »

Energy news in brief

** Renewable energy, mostly solar and wind, are set to account for more than two-thirds of the new electricity generation capacity that the United States will install this year, the U.S. Energy Information Administration (EIA) said in its latest inventory of electricity generators this week. ** The island nation of Palau says a tanker that recently loaded Venezuelan crude …

Continue reading »