February 8, 2022 archive

Completion reports for February 8, 2022

CANADIAN COUNTY Camino Natural Resources Llc Mississippian(10550): Oil 651 Gas 11303 Water 1569 Flow Mississippi: Oil 651 Gas 11303 Water 1569 Flow 16 12N 8W Broken Bow 1208 16-21-1mxh, August 18, 2021 HH, GAS, TD: 19609 ft Lat: 35.52180, Long: -98.05864 API: 35017256730000

Permits to drill for February 8, 2022

Carter County BRANDON #2-G, February 08 2022 36 2S 3W S2SWNWSW API: 01926469 Lat: 34.33670713176592, Long: -97.47386791543623 THUNDER OIL & GAS LLC SH, DR, 1375 ft, HOXBAR(1225) Ellis County RAGAN 25/24 NC #1H, February 08 2022 25 20N 26W NESWSESW API: 04523855 Lat: 36.17402724366826, Long: -99.92948664607394 MEWBOURNE OIL COMPANY HH, DR, 19010 ft, CHEROKEE(9010) Payne County SIMMETT …

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Crude slipped again—so did OK energy stocks

  Another fall for crude oil prices both in the U.S. and in Europe. On the same day, losses outnumbered gains for Oklahoma energy stocks. West Texas Intermediate crude for March delivery dropped $1.96 or 2.15% to $89.36 a barrel on Tuesday at the New York Mercantile Exchange. Global benchmark Brent crude for April delivery …

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Texas struggles with its oil-industry related earthquakes

  Just as Oklahoma has learned from the series of damaging earthquakes believed directly tied to oil and gas drilling that hit the state over the past several years, Texas is adjusting as well. The Texas Tribune reported that Texas recorded more than  200 earthquakes with a magnitude of 3 or greater in 2021 and like …

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Former legislator argues OGE bond case is like a loan shark

  Protesters fighting the nearly $1 billion securitization case by OGE and the Oklahoma Development Finance Authority before the Oklahoma Supreme Court aren’t finished with their efforts. While a Supreme Court referee took the arguments under consideration 2 weeks ago, another protest was filed this week in the matter by former State Rep. Porter H. …

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Tulsa a finalist for $4 billion plant?

  It’s definitely a mystery. A $4 billion mystery. Maybe even more. The story evolves around a mystery firm that reportedly has offered a $4 billion manufacturing plant of some kind along with the potential of 4,000 employees and two finalists are being considered—a site in Kansas and one in Tulsa. At least, that’s what …

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Crude prices spark renewed drilling in Colorado and Wyoming

  Oil drilling is on the increase in northeast Colorado and Wyoming’s Powder River Basin as crude prices linger in the $92 a barrel range in the U.S. Reuters reports an increase in the acquisition of properties in the two areas by producers who are already adding rigs and frack crews. Click here for Reuters

White House Science bully resigns—Lucas wants to know more

  Oklahoma congressman Frank Lucas is one of those on a U.S. House Committee wanting to know more details about what led to Monday’s resignation of Office of Science and Technology Policy Director Eric Lander following POLITICO’s article about Lander’s inappropriate behavior toward his staff. The story not only prompted House Committee on Science and …

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Koch nears completion of $150 million plant improvement at Enid

  Koch Industries reports it is close to completion of a $150 million expansion of its fertilizer plant in Enid. The Enid News and Eagle reported the company began improvements in March 2021. Click here for Enid News and Eagle.  

Gasoline prices hit $3.13 average in Oklahoma

  Yes, gasoline prices are climbing again and you can blame it in part on the recent cold weather along with geopolitical tensions. Oklahoma’s average gasoline price rose 8 cents in the past week to reach $3.13 a gallon according to the American Automobile Association. A week ago, Oklahoma’s average was $3.05 a gallon while …

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