February 14, 2022 archive

Permits to drill for February 14, 2022

Canadian County LEOTA #5H-1918X, February 14 2022 19 13N 8W NWSESWSE API: 01725359 Lat: 35.58126973892905, Long: -98.08892270470133 CIMAREX ENERGY CO MU, DR, 22000 ft, WOODFORD(11500) Canadian County LEOTA #6H-1918X, February 14 2022 20 13N 8W NWSWSWSW API: 01725358 Lat: 35.58152345210961, Long: -98.08250073649992 CIMAREX ENERGY CO MU, DR, 22000 ft, WOODFORD(11500) Canadian County LEOTA #4H-1918X, February 14 2022 …

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Completion reports for February 14, 2022

CARTER COUNTY Continental Resources Inc Mississippian(14303): Oil 100 Gas 383 Water 3521 Flow 8 3S 3W Gallaway 2r-8-7-6xhm, November 19, 2021 HH, OIL, TD: 22708 ft Lat: 34.30788, Long: -97.52941 API: 35019264500000 KINGFISHER COUNTY Ovintiv Usa Inc All Zones Producing: Oil 1529 Gas 3074 Water 3108 Flow 19 16N 7W Carol Fiu 1607 3h-18x, October 10, 2021 HH, OIL, TD: 18547 ft Lat: 35.84265, Long: -97.98915 …

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Continental Resources reports 2021 had record results

  Continental Resources announced Monday that 2021 delivered record cash flow generation for the Oklahoma City-based company. As a result, the company intends to devote more money into Oklahoma and North Dakota operations. The company had $1.66 billion in net income or $4.56 per diluted share and a record $3.97 billion cash flow from its …

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U.S. crude hits 7-year high with $95 oil as world wonders about Russia

  With the growing threat of a Russian invasion of Ukraine, crude oil prices on Monday increased more than 2% hitting a 7-year high. West Texas Intermediate crude  jumped $2.36 or 2.5% and finished the day at $95.46 a barrel. It had climbed as high as $95.82 earlier in the day, the highest mark in …

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Unhealthy air warning for SE Oklahoma

  The Oklahoma Department of Environmental Quality issued a health advisory Monday morning pointing to unhealthy air conditions in southeast Oklahoma. The DEQ identified Pittsburg County as having high levels of fine particular matter that could prove “unhealthy” for certain people. In particular, those with respiratory diseases, such as asthma, were encouraged to limit their …

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Devon executives report $18 million sale of company shares

  Filings made this week with the Securities and Exchange Commission reveal how executives at Oklahoma City’s Devon Energy unloaded hundreds of thousands of company shares in sales totaling more than $18 million. The sales were made Feb. 10, 2022 and executives were paid $52.22 per share. David Hager, Executive Chair sold 201,328 shares in …

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Other energy news headlines

** U.S. consumption of coal fell from 11.3 quadrillion British thermal units (quads) in 2019 to 9.2 quads in 2020, a 19% decrease. The electric power sector accounted for 90% of total consumption reported the U.S. Energy Information Administration. ** Toyota announces it will invest $73 million into a West Virginia factory to increase its ability to produce hybrid …

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Judge rules against BLM in sage grouse case in Colorado

  A federal judge ruled the Bureau of Land Management illegally failed to consider impacts to the imperiled Gunnison sage grouse when issuing oil and gas leases in southwest Colorado, but stops short of vacating the leases. The Grand Junction Daily Sentinel reports the ruling came in lawsuits brought by conservation groups and the San Miguel County …

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Inhofe wants Congress to save taxpayer dollars and find permanent solution for spent nuclear fuel

  For Oklahoma U.S. Sen. Jim Inhofe, it’s been a long, long conversation in this country on the subject of how to deal with spent nuclear fuel. At a recent hearing held by the Senate Environment and Public Works Committee, the Republican Senator again stressed the need for a permanent solution. The hearing focused on …

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Lankford says an All-of-the-Above approach to give hydrogen production the best chance of success

  Oklahoma U.S. Sen. James Lankford says if the nation wants to move to more hydrogen use, then it needs to build more pipelines—not fight them. Serving as the lead Republican on the Senate Committee on Energy and Natural Resources during a recent hearing, the Senator delivered remarks as the committee explored opportunities and challenges …

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