High lighting Oklahoma Sen. Jim Inhofe’s recent lament that the U.S. should do more to find a permanent solution to storage of nuclear waste is what’s happening in New Mexico and Texas. Inhofe outlined his complaint at a recent Senate Committee hearing, as OK Energy Today reported earlier this week. But such a …
February 2022 archive
Roughneck shortage in Permian could affect production
A report by industry consultants Evercore ISI says producers in the Permian Basin, the nation’s most prolific source of crude oil could be faced with a shortage of labor—specifically “roughnecks.” Evercore called them “significant challenges” that producers could face reported Bloomberg. Click here for Bloomberg
Devon share sale clarified
A story OK Energy Today carried this week about the reported sale of $18 million in shares by Devon executives was clarified by a company spokeswoman. “I think you must know that the “sale” that you reported is not a sale of shares, but simply Devon retaining shares to cover the tax withholdings for …
Completion reports for February 15, 2022
CADDO COUNTY Territory Resources Llc Various Commingled Formations(0): Oil 153 Water 16 Pump 31 6N 9W Rokitansky 2-31, February 02, 2021 DH, OIL, TD: 11070 ft Lat: 34.95568, Long: -98.19209 API: 35015222230004 CARTER COUNTY Continental Resources Inc Sycamore(8391): Oil 570 Gas 797 Water 6185 Flow 9 1S 3W Bowery 1-16-21hm, November 15, 2021 HH, OIL, TD: 18703 ft Lat: 34.47871, Long: -97.52633 API: 35019264450001 CREEK COUNTY …
Permits to drill for February 15, 2022
Atoka County KIEDAISCH #1-15.22.27.34H, February 15 2022 15 2N 12E NWNWSWSE API: 00520475 Lat: 34.63936869489568, Long: -96.03017660502863 TRINITY OPERATING USG LLC MU, DR, 26500 ft, MISSISSIPPIAN(12360), WOODFORD(12691), HUNTON(12871), SYLVAN(12884) Atoka County KIEDAISCH #2-15.22.27.34H, February 15 2022 15 2N 12E NWNWSWSE API: 00520476 Lat: 34.6393851848677, Long: -96.0301101193484 TRINITY OPERATING USG LLC MU, AM, 26500 ft, MISSISSIPPIAN(12360), WOODFORD(12691), HUNTON(12871), …
4Q earnings show 2021 was a “breakout” year for Devon Energy
No wonder Devon Energy leaders called 2021 a “breakout year.” The company reported net earnings of $1.15 billion or $2.23 per diluted share in the fourth quarter of the year leaving leadership excited about the prospects for 2022. Adjusting for items analysts typically exclude from estimates, the company’s core earnings were $935 million, or $1.39 …
Crude prices drop 3% as Russia removes some troops near Ukraine
A possible de-escalation of the tension between Moscow and Europe sent crude oil prices tumbling more than 3% and more than $3 a barrel in Tuesday’s trading. The retreat from a seven-year high came after Russia’s Putin claimed some of the military units gathered along the border of Ukraine were returning to their bases. …
Other energy headlines
** Louisiana officials are investigating the cause of a massive methane cloud that was spotted on satellite imagery, Bloomberg reports. A plume of the gas — the highest concentration of the powerful greenhouse gas spotted by the satellite in the U.S. since October — was detected on Jan. 21. ** Wind energy advocates say a series of bills …
OK House subcommittee approves additional $30M for roads, bridges
A state House subcommittee has given the first approval to a bill that would increase the amount of appropriations the County Improvements for Roads and Bridges Fund may receive by $30 million. House Bill 3318 raises the maximum amount that can be apportioned to the County Improvements for Roads and Bridges Fund from motor vehicle revenue …
Directors named to energy investment firm
Two new directors appointed this week to Dallas-based IOG Resources, LLC also sit on boards of Oklahoma-based companies. James D. Bennett, former President and CEO of SandRidge Energy and Barbara M. Baumann, a current member of Devon Energy’s board were named to the energy investment firm. Bennett is also an independent member of …
