September 14, 2021 archive

Completion reports for September 14, 2021

CARTER COUNTY Scout Energy Management Llc 34 1S 3W Walter Neustadt 20, August 08, 2019 SH, OIL, TD: 3740 ft Lat: 34.42608, Long: -97.49991 API: 35019037480000 LINCOLN COUNTY Prairie Gas Company Of Oklahoma Llc Prue: Oil 24 Gas 135 Water 913 Pump 30 14N 5E Pandora 1-25h, August 03, 2021 HH, OIL, TD: 7162 ft Lat: 35.65234, Long: -96.82158 API: 35081241990001 OKLAHOMA COUNTY …

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Permits to drill for September 14, 2021

Beckham County BLEVINS 16X9-11-26 #1HC, September 14 2021 21 11N 26W SENWNENE API: 00921998 Lat: 35.42079251584549, Long: -99.9492537420312 UNBRIDLED RESOURCES LLC MU, DR, 22009 ft, GRANITE WASH UP (MO)(10720) Blaine County SIMMONS #5-1-12XHM, September 14 2021 01 14N 13W NENENWNW API: 01124277 Lat: 35.724319971740734, Long: -98.54008296086059 CONTINENTAL RESOURCES INC MU, DR, 22135 ft, MISS’AN LM(12281) Dewey County …

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Crude oil prices held their own with the arrival of Nicholas in Texas

  Crude oil prices managed a slight improvement on Tuesday as Nicholas, the short-lived hurricane that quickly turned into a rain-bearing tropical storm over Texas and Louisiana hit the Gulf states. Damages to the U.S. energy infrastructure weren’t as extensive as those reported from Hurricane Ida earlier in September. U.S. West Texas Intermediate crude for …

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Colonial pipeline closes again—this time over Hurricane Nicholas

  The nation’s largest pipeline was closed Tuesday because of extensive power outages in South Texas caused by the arrival of Hurricane Nicholas. Colonial shut down operations as a pre-emptive move, closing its main gasoline and distillate fuel lines reported Hart Energy. Click here for Hart Energy report.

Supreme Court rules against former legislator in lawsuit against Todd Hiett

  The Oklahoma Supreme Court ruled this week that former Oklahoma City Rep. Mike Reynolds lacked legal standing to file suit accusing Oklahoma Corporation Commissioner Todd Hiett of violating the state constitution because he sits on a bank’s board of directors. “Action dismissed for want of standing,” stated the ruling. The court also denied Hiett’s …

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New lender for PHX Minerals in OKC

  Oklahoma City-based PHX Minerals Inc. recently announced the closing of a new four-year $100 million senior secured credit facility. The new facility, led by Independent Bank including MidFirst Bank replaces the company’s previous credit agreement which was with a lending syndicate  led by Bank of Oklahoma. The new facility included an initial borrowing base …

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Oklahoma firms get USDA loans for renewable energy projects

  Three Oklahoma companies are among those set to receive part of the $464 million the USDA announced it is investing in solar, wind and other renewable energy projects in the Midwest and Great Plains. Central Rural Electric Cooperative headquartered in Stillwater will receive $88.7 million to improve 179 miles of electric lines throughout north-central …

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Kansas to install $2 million in EV chargers along interstates

  The state of Kansas says it will use millions in Volkswagen settlement money to install at least a dozen electric vehicle charging stations along major interstates and highways. The $2 million project was announced this week by the Kansas Department of Transportation reported the Wichita Eagle. Click here for Wichita Eagle.

Energy news in brief

** The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy said. ** U.S. Rep. Teresa Leger Fernández, a New Mexico Democrat, introduces a bill that would provide $5 …

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Dems propose keeping oil and gas industry tax breaks

  President Biden doesn’t get everything he wants from Congress when it comes to his attacks on the oil and gas industry in Oklahoma and across the U.S. Take for example his call to end the tax breaks for oil and gas producers. Congress ignored Biden this week, unveiling a draft tax overhaul in the …

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