January 20, 2022 archive

Completion reports for January 20, 2022

ALFALFA COUNTY Sandridge Exploration & Production Llc Oswego(5940): Gas 9 Water 75 Pump 29 24N 11W Scooter 1-29, October 13, 2021 SH, GAS, TD: 7650 ft Lat: 36.53199, Long: -98.40615 API: 35003219180003

Permits to drill for January 20, 2022

Alfalfa County PRESNALL TRUST #1-6, January 20 2022 06 24N 12W NWSESWNW API: 00323406 Lat: 36.58853436863745, Long: -98.53106254795028 KLO LLC SH, DR, 7750 ft, RED FORK(6006), MISS MERAMEC(6096), WOODFORD(6771), HUNTON(6831), VIOLA(6989), SIMPSON(7176), ARBUCKLE(7488) Canadian County FAIRWEATHER 1207 #2SMHX-13-12, November 16 2021 13 12N 7W SESWSESE API: 01725731 Lat: 35.50865861682166, Long: -97.88698409875126 CHAPARRAL ENERGY LLC MU, AM, 19900 …

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Crude slipped on Thursday and OK energy stocks suffered losses

  Crude oil prices edged slightly lower on Thursday following seven-year highs earlier in the week. Oklahoma energy stocks recorded losses for the most part. West Texas Intermediate crude for February delivery slipped 6 cents a barrel in trading on the New York Mercantile Exchange and settled at $86.90. Global benchmark Brent crude for March …

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OGE Supreme Court hearing closed to public

  An order by Oklahoma Supreme Court Chief Justice Richard Darby has in effect closed a hearing to the public concerning the nearly $800 million bonding request of Oklahoma Gas and Electric and its February 2021 winter storm costs. In a ruling issued Thursday, Justice Darby took note that the Oklahoma Judicial Center is closed …

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Enverus reports nationwide rig count decline

  The U.S. rig count fell by seven in the last week to 694 as of Jan. 19, according to Enverus Rig Analytics. However, during the last week the daily count reached as high as 708 compared to a maximum of 705 the prior week. The largest week-over-week declines occurred in the Gulf Coast (minus …

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Another challenge is made to the OGE storm funding measure at Supreme Court

  The list of legal challenges has grown to the Oklahoma Development Finance Authority’s legal request of the State Supreme Court for a decision on OG&E’s $739 million in February 2021 storm costs. Yet another protest filed this week. Gail and Larry Foster of Edmond filed theirs on Jan. 19, one day after a second former …

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ONG storm cost review delayed by Oklahoma regulators

  Oklahoma regulators on Thursday delayed their handling of the nearly $1.3 billion securitization request of Oklahoma Natural Gas until January 25. The request for a delay was announced Thursday morning by Oklahoma Corporation Commission chair Dana Murphy. Commissioners agreed to continue the hearing until 2:30 p.m. on Tuesday, January 25. The hearing on ONG’s …

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Kingfisher County is home to more big Ovintiv wells

  Ovintiv USA Inc. reports two more large producers in Kingfisher County, an area that has been a proven sweet spot for the company. In a recent filing with the Corporation Commission, Ovintiv reported production from two wells on a single pad totaled nearly 2,800 barrels a day. Whether the two wells were the only …

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Continental Resources expands Powder River acquisitions

A published report indicated that Oklahoma’s Continental Resources has expanded on the acquisition it made last year in Wyoming’s Powder River Basin. Hart Energy reported this week that Continental CEO William Berry confirmed the company had acquired another 85,000 acres on top of the 130,000 acres it bought from Samson Resources II of Tulsa in …

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Other energy headlines on Friday

** The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for the National Security Council said this week. ** Electric vehicle charging and equipment company Blink plans to supply Level 2 chargers at General Motors dealerships in the U.S. and Canada. ** South Dakota lawmakers advance legislation that would …

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