March 8, 2021 archive

Completion reports for March 8, 2021

completions: none were processed today

Permits to drill for March 8, 2021

Carter County SYCAMORE UNIT #51-15, March 08 2021 27 2S 3W N2SESESW API: 01905398 Lat: 34.348099438898245, Long: -97.50230997325401 CHAPARRAL ENERGY LLC SH, RC, 4858 ft, DEESE(3095) Carter County SYCAMORE UNIT #41-5, March 08 2021 28 2S 3W CNWSESW API: 01905413 Lat: 34.34984091723811, Long: -97.52198632501873 CHAPARRAL ENERGY LLC SH, RC, 4563 ft, DEESE(3037) Carter County SYCAMORE UNIT #18-5A, …

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Crude oil hits $71 before falling in Monday’s trading

After global crude oil prices surged above $71 a barrel on Monday’s trading following the Sunday attacks against Saudi Arabia oil facilities, they settled lower with a $1.12 loss to just above the $68 mark. Global benchmark Brent crude for May delivery eventually fell to $68.24 a barrel. West Texas Intermediate crude for April delivery …

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Texas legislators move to clamp down on power producers in wake of deadly storm

  Texas legislators have unveiled a basket of bills targeting electrical power production in the state following the February winter storm crisis that left millions without power. The Texas Tribune reported that House Speaker Dade Phelan announced seven such priority bills on Monday including one calling for the overhaul of the Electric Reliability Council of …

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Congress looks into shipment of crude oil by rail

  A House committee this week begins an exploration of rail transportation and the growingly-important role it plays in energy in the U.S. Here’s why it’s important for the oil and gas industry. With the death of the Keystone XL pipeline at the hands of President Biden, oil from Canada will be moved southward to …

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No date set in State Supreme Court oil and gas regulatory fight

  The Oklahoma Supreme Court has yet to set a date to hear the appeal of an Oklahoma oil and gas firm that contends because of a US Supreme Court ruling, the state Corporation Commission no longer has the power to regulate its wells on land now considered to be Indian land. Chief Justice Noma …

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Oklahoma regulators to decide future gas well production rate

  The question of whether to return to a 50% allowable natural gas prorationing rate in Oklahoma goes before Corporation Commissioners on Tuesday. The regulators raised the rate to 100% during the February winter storm to allow a faster movement of more gas so power plants could operate during the frigid weather and prevent extended …

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Penalty leads to class-action suit against Range Resources

  The Oklahoma City law firm of Federman & Sherwood filed a class action lawsuit in Pennsylvania against Fort Worth-based Range Resources Corporation accusing it of artificially inflating the value of its stock over the past five years. The lawsuit, filed in the Western District of the U.S. District Court in Pennsylvania alleges violations of …

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Another environmental fight developing in southeast New Mexico

  The oil and gas industry is facing another fight over its massive development of the Permian Basin in New Mexico. This time, it involves a move by the environmental group WildEarth Guardians to designate the main four counties that make up the Permian Basin in the state to be areas in violating of federal …

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House committee starts hearings on anti-oil and gas bills

  A series of bills targeting the oil and gas industry in the wake of the Biden administration’s moves to halt drilling on public land and kill the Keystone XL pipeline will go before a House subcommittee this week in Washington. The House Energy and Mineral Resources subcommittee plans hearings on Tuesday on several bills …

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