March 2022 archive

Completion reports for March 31, 2022

CARTER COUNTY Continental Resources Inc Woodford: Oil 117 Gas 3210 Water 639 Flow 6 2S 2W Bryant 1-6-7xhw, March 14, 2021 HH, GAS, TD: 19931 ft Lat: 34.41870, Long: -97.45630 API: 35019263540001 GARVIN COUNTY Continental Resources Inc Woodford(14337): Oil 18 Gas 1928 Water 53 Flow 20 3N 4W Hines 8-20-17xhw, August 15, 2019 HH, GAS, TD: 22740 ft Lat: 34.71660, Long: -97.63814 API: 35049252410001 Continental Resources Inc …

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Permits to drill for March 31, 2022

Carter County IRON BELLY #1-25, March 31 2022 25 2S 3W NENWNESE API: 01926472 Lat: 34.35353791477516, Long: -97.45975723196533 SPRING OPERATING COMPANY DH, DR, 9500 ft, MORROW(3200), SPRINGER(3250), CANEY(5450), SYCAMORE(5500), WOODFORD(5550), VIOLA(6650), SIMPSON(7500) Creek County DEERE #4A, March 31 2022 23 16N 8E CSWNE API: 03729488 Lat: 35.85179238952079, Long: -96.42930376114089 LUKE OIL COMPANY SH, DR, 3450 ft, JONES …

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Bank report says “brain drain” in Oklahoma is ending

  A new federal report says that for the first time in history, in 2020-2021, more people died in Oklahoma than were born and college grads are staying here. The Oklahoma City Branch of the Federal Reserve of Kansas City also showed the state’s “brain-drain” might have ended as college graduates stopped exiting the state. …

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Oil prices plummeted on Biden’s oil release

  The announcement by President Biden of the largest ever release of oil from the U.S. Strategic Petroleum Reserve sent oil prices plunging 7% on Thursday. They closed at nearly $100 a barrel in the U.S. West Texas Intermediate crude for May delivery dropped $7.54 to close at $100.28 a barrel on the New York …

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Biden blasted by Cole and Lucas over latest Strategic Petroleum release

  President Biden’s latest move to release 180 million barrels of oil from the nation’s Strategic Petroleum Reserve in an attempt to lower gasoline prices was heavily criticized by Oklahoma Congressmen Tom Cole and Frank Lucas. “President Biden’s decision to release more oil from the Strategic Petroleum Reserve is misguided, reckless and completely irresponsible. Yet …

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Gas Prices Relief Act filed by caucus members

  U.S. Sen. Roger Marshall of Kansas was joined this week by House members in filing what they called the Gas Prices Relief Act, legislation aimed at protecting Americans from what was referred to as President Biden’s anti-energy agenda. “The American people can’t afford to fill up at the pump, and there’s no question about it – …

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Enverus reports flat numbers for latest US rig count

  The latest U.S. rig report from Enverus Rig Analytics indicated the numbers were flat in the past week at 757 rigs as of March 30. The most notable week-over-week changes include three-well drops in both Appalachia (49 total) and the Gulf Coast (91). Month over month, the Permian is up 13 at 299, and …

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Oil and gas to feel pain in Biden’s budget

  The nation’s oil and gas industry would be hit with at least eleven tax hikes under President Biden’s Fiscal Year 2023 budget proposal that was released this week. In all, his budget includes 36 tax increases on American individuals and business totaling $2.5 trillion over the next decade. The 11 tax increases come as the U.S. is feeling …

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Lankford and others push for critical mineral independence from China

  Oklahoma U.S. Sen. James Lankford is behind legislation this week targeting the supply chain issues that plague the U.S. and at the same time dependency on China’s market dominance of needed minerals. He and Senators Angus King of Maine, John Corny of Texas and Mark Warner of Virginia  introduced legislation to establish a secure supply chain …

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Mammoth Energy keeps up political pressure on Puerto Rico

  Mammoth Energy Services applied more political pressure on Puerto Rico to force the country to finish its payments of millions of dollars to the Oklahoma company. Mammoth called on members of the Financial Oversight and Management Board for Puerto Rico as they met in Washington D.C. to brief federal lawmakers. Mammoth has yet to …

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