May 24, 2022 archive

Permits to drill for May 24, 2022

Dewey County HARREL #1-25, May 24 2022 25 16N 19W W2W2E2NW API: 04323055 Lat: 35.837691802281725, Long: -99.17676849227881 BROWN & BORELLI INC SH, RC, 16630 ft, SKINNER(10331) Garvin County PRAIRIE #0404 33-28 5SXH, May 24 2022 33 4N 4W NESWSWNW API: 04925364 Lat: 34.77668221197658, Long: -97.63202967858392 CPRP SERVICES LLC MU, DR, 17210 ft, GODDARD(12595) Kingfisher County LINCOLN SOUTHEAST …

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Completion reports for May 24, 2022

MARSHALL COUNTY Xto Energy Inc 6 5S 6E Beasley 6-6h31x, June 29, 2019 HH, TA, TD: 19510 ft Lat: 34.14444, Long: -96.71757 API: 35095206750000 OKMULGEE COUNTY Kemmerer Company Inc Booch(2367): Gas 280000 Flow 32 16N 11E Morris 3-c, January 01, 2022 SH, GAS, TD: 2720 ft Lat: 35.81427, Long: -96.17208 API: 35111275340000

Talk of a Biden ban on US crude exports leaves prices down

  All it took was a comment from U.S. Energy Secretary Jennifer Granholm to say the Biden administration has not ruled out a ban on petroleum exports and oil futures fell in the U.S. while managing a slight increase in Europe. West Texas Intermediate crude for July delivery dropped 52 cents or 0.5%  after Granholm’s …

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AARP delivers 7,000 protests of OGE rate hike

  Just as promised this week, the AARP sent nearly 7,000 petitions to Oklahoma regulators in protest of the $164 million rate hike proposed by Oklahoma Gas and Electric Company. The hike would mean an average $10 a month boost in the bill of a typical residential customer. The AARP organized the protest of postcards …

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OEPA awaits Governor’s response to enhanced recovery incentives bill

    A bill aimed at restoring economic incentives for new enhanced recovery projects and at-risk marginal wells in Oklahoma is sitting on Gov. Kevin Stitt’s desk. The House approved HB 3568 on a 70-6 vote last Thursday followed by State Senate approval on a 43-0 vote on Friday and the measure was sent immediately …

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OERB brings Mike Rowe to Oklahoma

  If you happened to see it on TV this week—yes, that was Mike Rowe, he of the “Dirty Jobs” television show, who was promoting Oklahoma’s oil and gas industry. His appearance was courtesy of OERB as explained this week in the OERB newsletter. “We are excited to share some of the first videos of …

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16 counties in Oklahoma have gasoline prices higher than $4

  Gasoline prices in Oklahoma continue a slow climb upward and as of Tuesday at least 16 of the state’s 77 counties had averages better than $4 a gallon. The highest average in the state is in Coal County where prices are $4.60 a gallon. The range of $4-plus gasoline is not just in the …

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Diesel prices sit at more than $5 a gallon in Oklahoma while Biden considers using diesel reserve to lower prices

  While diesel fuel prices across Oklahoma are still higher than $5 a gallon and the nationwide average is at $5.54, the Biden administration is now considering a move to use the federal diesel reserve to address energy shortfalls. Oklahoma’s average diesel fuel price on Tuesday was $5.12, down 11 cents from a week ago, …

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Headlines of other energy stories

** Reps. Sean Casten (D-Ill.) and Don McEachin (D-Va.) are introducing a bill to eliminate 11 tax breaks for oil and gas companies, including for marginal wells and enhanced oil recovery, to fund a $500 direct cash rebate for consumers reeling from high prices. ** President Biden seems to praise high gas prices as ‘incredible transition’ Americans must go through. …

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Xcel agrees to nearly $1 million EPA fine over Colorado coal ash problem

  The EPA announced this week it reached at $925,000 fine and settlement with Public Service Company of Colorado over its storage of coal ash at one of its power plants. Public Service Company of Colorado is a wholly-owned subsidiary of Minnesota-based Xcel Energy and has 30 days to pay the fine that resulted from an …

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