February 17, 2022 archive

Completion reports for February 17, 2022

PONTOTOC COUNTY Citation Oil & Gas Corporation Various Commingled Formations: Oil 40 Water 1579 Pump 27 2N 7E East Fitts Unit 9-57, January 12, 2022 DH, OIL, TD: 4178 ft Lat: 34.61839, Long: -96.55353 API: 35123238940000

Permits to drill for February 17, 2022

Grady County JESSICA #3-1-12XH, May 24 2019 01 7N 5W NWNENWNW API: 05124644 Lat: 35.1160502271998, Long: -97.68524882190542 BRICKTOWN ENERGY LLC MU, AM, 21017 ft, MISSISSIPPIAN(10260), WOODFORD(10475), MISENER-HUNTON(10650) Kay County DONNIE #1-19, February 17 2022 19 25N 1W W2SESESE API: 07124207 Lat: 36.62363409506146, Long: -97.33815694888344 KODA OPERATING LLC SH, RC, 4584 ft, LAYTON(3270) Mcclain County DOG-STELLA #0604 30-19-18 …

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Crude prices fall as interest switches from Ukraine crisis to Iran talks

  Since Russia didn’t invade Ukraine this week as some observers had predicted, interest switched to the Biden administration’s resurrection of a nuclear deal with Iran, causing a 2% drop in crude oil prices. Analysts suggests such an Iranian deal, reversing the tough sanctions of the Trump administration might unlock more crude supplies to the …

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Supreme Court invites Attorney General to intervene in OGE bond case

  The $800 million ratepayer bond case involving 2021 winter storm costs for Oklahoma Gas & Electric took another turn this week—one brought on by the Oklahoma Supreme Court where the matter was challenged by some ratepayers and could now face more delays. The high court on Wednesday filed a one-page order allowing for Oklahoma …

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ONE Gas hopes to attract more investors

  ONE Gas plans to make an effort to attract more investors when company executives take part later this month in the Morgan Stanley Energy and Power Conference. It will be held Monday, Feb. 28, 2022 in New York City. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial …

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No love at the gas pumps this week

  Triple A was right this week when it said motorists didn’t find “love” at the pumps—a cute play on words for Valentine’s Day. Unless you drove into a Love’s convenience store. Oklahoma motorists saw a 6-cent jump from a week ago in prices at the pump as the state’s average reached $3.20 a gallon. …

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U.S. rig count grows again with big jump in Permian

  The U.S. rig count increased by three in the last week to 729 as of Feb. 17, according to Enverus Rig Analytics, putting it 3% above where it was a month ago and up 65% YOY. The daily count reached as high as 740 during the week, compared to a peak of 734 during …

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Tie House vote kills New Mexico clean fuel standards bill

  It was literally the middle of the night when New Mexico legislators in the state House came up with a tie vote, thus failing to create a clean fuel standard in the state. The House was deadlocked 33-33 on the bill after 10 Democrats, many from rural parts of New Mexico joined every Republican …

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Witness warns Inhofe that Biden EPA plan is a recipe for disaster

    A witness testifying before a Senate Committee hearing this week told Oklahoma U.S. Sen. Jim Inhofe there’s no doubt that if the Biden administration denies small refinery exemptions from biofuels mandates, it will result in even higher gasoline costs. It’s what LeAnn Johnson Koch, Partner, Perkins Coie, LLP told the Senator during a hearing …

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More energy headlines

** Republican U.S. Bill Cassidy of Louisiana said on Wednesday he is blocking President Joe Biden’s nominees for environmental regulatory positions in a bid to win permission for his state to regulate storage of the primary gas blamed for climate change. It will prevent Senate floor votes on nominees at the Environmental Protection Agency. ** Colgate Energy, …

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