March 25, 2021 archive

Permits to drill for March 25, 2021

Custer County WINGARD 1609 ##1 HXL, March 25 2021 21 14N 14W NWNWNWNE API: 03922594 Lat: 35.68108817855818, Long: -98.69323215357552 UNIT PETROLEUM COMPANY MU, DR, 17179 ft, RED FORK(10800) Oklahoma County B-J #1-9, February 19 2021 09 11N 3W NWSWSWNE API: 10921372 Lat: 35.44395544312413, Long: -97.52094493830882 UNIT PETROLEUM COMPANY DH, AM, 6616 ft, OSWEGO(6302), PRUE(6366), PENN BASAL UNCONF …

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Completion reports for March 25, 2021

BLAINE COUNTY Continental Resources Inc Mississippian(12992): Gas 11349 Water 4170 Flow 31 13N 12W Friesen 1-31-6xhm, April 06, 2018 HH, GAS, TD: 24662 ft Lat: 35.56507, Long: -98.51601 API: 35011238700001 CUSTER COUNTY Duncan Oil Properties Inc Atoka(11535): Oil 20 Gas 276 Water 8 Flow 12 14N 18W Doris 4-12, January 20, 2021 SH, OIL, TD: 11852 ft Lat: 35.70427, Long: -99.06780 API: 35039225900000 HUGHES COUNTY Corterra …

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Crude oil prices fell again taking Oklahoma energy stocks with them

  Crude oil prices had more bumps this week than a washboard road in western Oklahoma. Prices on Thursday lost most of the gains they made on Wednesday, falling below the $60 mark. Western Texas Intermediate crude for May deliver dropped $2.26 to $58.56 a barrel in trading on the New York Mercantile Exchange. Global …

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Manufacturing shows improvement in Oklahoma and other nearby states

  The Federal Reserve Bank of Kansas City released the March Manufacturing Survey this week for its Tenth district that includes Oklahoma and showed manufacturing activity grew solidly compared to a month ago and a year ago. Chad Wilkerson, vice president and economist at the bank said the survey results indicate positive expectations for future …

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Xcel Energy launches campaign to win support for $1.7 billion Colorado transmission line

  Xcel Energy has started the effort to win approval from Colorado authorities for a $1.7 billion 560 mile transmission line to carry wind and solar electricity from eastern Colorado to the Front Range population centers. Company officials met this week with Washington County Commissioners in Akron where they hope to get support for the …

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Facebook expanding its Nebraska operations with $400 investment

While Google expanded its operations in Pryor, Oklahoma, Facebook is doing the same in Nebraska…and in a big way. The company announced this week plans to add 1 million square feet and a $400 million investment in its existing Papillion Data Center in Springfield, an expansion involving more than 500 acres of land southwest of …

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Nation’s rig numbers increased in the past week

  The US rig count rose by eight in the last week to 486 as of March 24, according to Enverus Rig Analytics. The count is up 8% in the last month but still down 38% YOY. The month-over-month increase of 36 rigs included 31 added in Texas, where 238 rigs are now running, 49% …

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Continental Resources expands drilling in Oklahoma

  Oklahoma City’s Chesapeake Energy has shown increased drilling interest in Oklahoma as the COVID-19 pandemic loosens its grip on the nation resulting in growing demand for gasoline and other fuels. The company has received at least 12 drilling permits for the month of March. The latest two were in Custer County where the firm …

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OK Sen. Inhofe opposed two more of Biden’s environmental nominees

  Oklahoma U.S. Sen. Jim Inhofe was among the nine Republicans on the Senate Environment and Public Works Committee who voted Wednesday against two more of President Biden’s environmental nominations. Inhofe voted against the nomination of Brenda Mallory to be chair of the Council on Environmental Quality and Janet McCabe to be the deputy administrator …

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Attorney General Hunter joins lawsuit to stop Pres. Biden’s job-killing measures

Oklahoma Attorney General Mike Hunter joined the lawsuit filed by more than a dozen states to blunt the Biden administration’s continued attack on the oil and gas industry. According to the lawsuit filed in federal court in the Western District of Louisiana, the president’s recent executive order that placed a moratorium on all oil and …

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