March 3, 2022 archive

Permits to drill for March 3, 2022

Alfalfa County FRIEDEN A #1-2, March 03 2022 02 28N 12W NESWSENW API: 00323389 Lat: 36.93624470249894, Long: -98.46176476834553 TRANS PACIFIC OIL CORPORATION SH, RC, 5640 ft, DOUGLAS(4110), LANSING-KANSAS CITY(4360), DES MOINES 404DSMN 4680 8 SIMPSON GROUP(5500), MISSISSIPPIAN(4920), MISENER(5370), SYLVAN DOLO(5380), VIOLA(5420) Carter County FLAMES 3-10-1S-3W #WXH1, February 18 2022 03 1S 3W NENWNENE API: 01926471 Lat: 34.50629126367349, …

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Completion reports for March 3, 2022

KINGFISHER COUNTY Hinkle Oil & Gas Inc Oswego(6069): Oil 106 Gas 165 Water 2227 Pump 28 18N 5W Lincoln North Unit 44-5ho, February 07, 2022 HH, OIL, TD: 11717 ft Lat: 36.00062, Long: -97.73893 API: 35073268070000 Hinkle Oil & Gas Inc Oswego(6135): Oil 241 Gas 94 Water 1254 Pump 29 18N 5W Lincoln North Unit 42-4ho, January 24, 2022 HH, OIL, TD: 11710 ft Lat: 36.00074, …

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Colorado solar array to cover 1,350 acres

  County regulators near Colorado Springs approved new zoning this week on 5,000 acres of land to be the site of a new solar array. The action by El Paso County Commissioners will allow solar company Juwi, based in Boulder to build the array near the community of Fountain reported the Denver Gazette.  The array …

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US rig count increases but drops in the Anadarko Basin

  The active U.S. rig count increased by one in the last week to 740 as of March 2, according to Enverus Rig Analytics. The count is up by nearly 3% over the last month and 61% over the last year. The largest week-over-week increase occurred in Appalachia, which gained two rigs for a total …

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Crude prices slip amidst possible deal with Iran but remain at $107 in US

  Crude oil futures dropped 2% in Thursday’s trading midst continued heavy fighting between Russian and Ukraine, but prices in the U.S. still remained at nearly $108 a barrel while overseas the global benchmark was at more than $110 a barrel. The drop was largely due to growing word that the U.S. is closer to …

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Headlines of other energy stories

** Sen. Todd Young (R-Ind.) thinks there’s a filibuster-proof majority of senators willing to back crushing sanctions on Russia’s energy sector — a step President Biden and his European counterparts have so far refused to take. ** Halliburton Company celebrated the opening of the Halliburton Chemical Reaction Plant – the first of its kind in Saudi Arabia to manufacture …

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Cole moves to stop US purchases of Russian oil

  Oklahoma Congressman Tom Cole says it’s time to stop talking about a ban on U.S. purchases of Russian oil and do it. He’s introduced the Prohibition on Imports of Russian Oil Act. As a member of the House Energy Action Team (HEAT), the Republican Representative said the Act would immediately cease all U.S. imports …

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FERC grilled over environmental justice guidelines

  U.S. Sen. James Lankford and others on a Senate Committee spent part of Thursday grilling energy regulators over their recent approval of new guidelines to consider environmental justice and climate issues in reviewing new natural gas projects. The three Democrats who control the five-member Federal Energy Regulatory Commission approved the new guidelines last month …

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ConocoPhillips completes $1.3 billion sale of Indonesian assets

  ConocoPhillips  completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 billion, with an effective date of Jan. 1, 2021. After customary closing adjustments, net cash from the sale …

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Crude supplies soar at Cushing oil hub

  Crude oil stocks soared in the past week at the Cushing oil hub in northern Oklahoma more than doubling in one day according to the U.S. Energy Information Administration. While fighting expanded in the war between Russia and Ukraine and prices soared over concerns about supplies, the amount of crude at the Cushing hub …

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