Former Broken Arrow legislator Mike Ritze has filed a challenge to a utility seeking millions of dollars in storm relief through the ratepayer backed-bond process called securitization. Ritze filed a challenge to the $1,450,000,000 in ratepayer-backed bonds sought by Oklahoma Natural Gas Company through the Oklahoma Development Finance Authority. The request was filed in …
April 2022 archive
Rep. Mullin told the President he and his socialist agenda are to blame for the energy crisis
Oklahoma Congressman Markwayne Mullin suggests President Biden has forgotten the reason the Strategic Petroleum Reserve was created. And he told him so in a direct letter mailed April 8. He wrote the President this week urging him to reconsider releasing more oil from the SPR and bluntly told him his release of more crude …
Rig counts increased in Oklahoma and US in past week
The latest Baker Hughes rig count shows Oklahoma’s numbers increased by one to reach a total of 50 active rigs in the state while nationally, numbers jumped 16 to reach a total of 689. The latest count included an increase of oil rigs by 13 to reach 546 and the number of gas rigs …
Ogallala Aquifer dropped 12+ inches in 2021
A recent study found that the Ogallala Aquifer, the underground source of water that runs through the Oklahoma Panhandle dropped more than a foot in 2021. The impact was especially felt in western Kansas according to the Topeka Capital-Journal. Click here for Topeka Capital Journal
Headlines of other energy stories
** The Senate and House cleared bills on Thursday to revoke normal trade relations with Russia and ban oil imports from the country, a one-two punch that caps three weeks of negotiations over legislation to further isolate Moscow. ** Sen. Joe Manchin of West Virginia raised fresh concerns this week about phasing out gas-powered cars in …
New Mexico’s abandoned wells are growing
An environmental group based in Albuquerque maintains the number of abandoned oil and gas wells in New Mexico’s Permian Basin in the southeast and the San Juan Basin in the northwest is growing. The group conducted an audit which identified nearly 6,000 such abandoned wells in the state and about 2,600 are on federal …
Completion reports for April 8, 2022
GARVIN COUNTY Cprp Services Llc Woodford(11293): Oil 30 Gas 1683 Water 17 Flow 18 4N 4W Pappy 1-17-8wxh, July 24, 2019 HH, GAS, TD: 21737 ft Lat: 34.81269, Long: -97.65189 API: 35049252760001 STEPHENS COUNTY Cheyenne Petroleum Company Woodford(10231): Oil 19 Gas 1075 Water 19 Flow 17 1S 4W Skeet 17-20 Lw1h, June 11, 2019 HH, GAS, TD: 20723 ft Lat: 34.47703, Long: -97.64892 API: 35137275410001 Cheyenne Petroleum …
Permits to drill for April 8, 2022
Canadian County VON TUNGELN 17_20-12N-8W #3WHX, April 08 2022 17 12N 8W NENWNENW API: 01725797 Lat: 35.521676875209565, Long: -98.07288797162902 TRAVIS PEAK RESOURCES LLC MU, DR, 24000 ft, WOODFORD(11350) Canadian County VON TUNGELN 17_20-12N-8W #2MHX, April 08 2022 17 12N 8W NENWNENW API: 01725796 Lat: 35.521676878442975, Long: -98.07295517863369 TRAVIS PEAK RESOURCES LLC HH, DR, 24000 ft, MISSISSIPPIAN(10150) Grady …
Ovintiv sets 1Q financial release date
A first quarter financial earnings report will be released by Ovintiv on Monday, May 9. The company announced it intends to hold a conference call the next day, Tuesday May 10 at 8 a.m. Central Time. The initial release of the financial earnings will be made after the close of markets on Monday. Fourth …
Oil and Gas executive named to OSU A and M Board of Regents
An executive with oil and gas experience was named by Oklahoma Gov. Kevin Stitt to the OSU/A&M Board of Regents. The governor named Cary Baetz of the Berry Corporation in the past week, praising Baetz. “Simply put, Cary Baetz gets things done,” said Gov. Stitt. “He is passionate about Oklahoma State University and his strategic executive …