March 23, 2022 archive

Completion reports for March 23, 2022

BLAINE COUNTY Continental Resources Inc Miss’an Lm: Oil 100 Gas 7445 Water 737 Flow 1 14N 13W Simmons 5-1-12xhm, January 15, 2022 HH, GAS, TD: 22410 ft Lat: 35.72431, Long: -98.54008 API: 35011242770000 CANADIAN COUNTY Cimarex Energy Co Woodford: Oil 1048 Gas 7651 Water 1397 Flow 36 11N 8W Elder 2h-2623x, August 08, 2021 HH, OIL, TD: 21632 ft Lat: 35.39099, Long: -98.00707 API: 35017252050002 KINGFISHER COUNTY …

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Permits to drill for March 23, 2022

Alfalfa County CROSSROADS #3-2H, March 23 2022 02 25N 11W SESESESE API: 00323407 Lat: 36.66702676314648, Long: -98.34296578818532 AEXCO PETROLEUM INC HH, DR, 11000 ft, MISSISSIPPI LIME(5695) Alfalfa County CROSSROADS #3-2H, March 23 2022 02 25N 11W SESESESE API: 00323407 Lat: 36.66702676314648, Long: -98.34296578818532 AEXCO PETROLEUM INC HH, DR, 11000 ft, MISSISSIPPI LIME(5695) Canadian County BATTLE CRY 1207 …

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Higher crude prices and strong gains for some OK energy stocks

  Concerns about tight global supplies grew Wednesday with word that a Russian oil pipeline on the Black Sea coast would be out of commission for 3 months and sent crude oil prices up 5% in trading. West Texas Intermediate crude for April delivery rose $5.66 or 4.9% to finish the day at $114.93 a …

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Prices at the pumps are slowly falling in Oklahoma

  Gasoline prices are slowly sinking in the U.S. and Oklahoma with the national average at $4.25 a gallon and Oklahoma’s average down to $3.78 per gallon. The American Automobile Association reported Wednesday the state’s average had fallen 4 cents in the past week but was still 57 cents higher than a month ago. The …

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Crude supply increases at Cushing hub

As the nation’s crude oil supplies increased slightly in the past week, so too has the amount of crude in storage at the Cushing oil hub in northern Oklahoma. The U.S. Energy Information Administration reported Wednesday that Cushing’s crude in storage was 24 million barrels, up 1.8 million barrels from a week ago when the …

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Another small oil and gas operator getting out of Permian business

  Much has been written in the past year about “major” and “mid-major” companies taking over smaller oil and gas operations across the U.S. Permian operator Raye Miller, who spent 42 years in New Mexico’s oil industry is among those getting out of the business as he says the handwriting is on the wall of …

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Oklahomans invent way to help plug abandoned wells

  Two Oklahomans think they’ve created a way to make sure abandoned oil and gas wells no longer leak methane emissions. Craig Brown and Ann Copple have come up with the brass Hydraulic Compression Seal reported News 9. Their invention has already been approved by Oklahoma regulators. Click here for News 9

Koch Industries becomes major investor in battery industry

  Wichita-based Koch Industries is quickly becoming a major backer of the nation’s battery industry with $750 million in investments over the past 18 months.   Just do a Google check of Koch and battery development and you’ll see where the company announced last October of its partnership with the Norway-based company FREYR to specialize …

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OK legislature takes up crypto mining bill

  A bill aimed at attracting the crypto mining industry to Oklahoma has been introduced in the state legislature. State Sen. John Montgomery unveiled his “Commercial Digital Asset Mining Act of 2022” on the Senate floor according to Fox 25 News. Click here for Fox 25 News

Other energy headlines

** High gasoline prices are already impacting demand, according to one energy expert. “Above $4 per gallon, you do see the American public change their driving habits. And we do actively see demand destruction,” Regina Mayor, global head of energy at KPMG, told Yahoo Finance Live. ** The White House is still trying to find a plan to lower …

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