June 16, 2022 archive

Completion reports for June 16, 2022

CARTER COUNTY Ardmore Production & Exploration Co Cisco(560): Oil 1 Water 7 Pump Cisco(560): Water 20 Pump Permian: Oil 1 Water 38 Pump 35 3S 2W Pwf 3511 8, May 03, 2022 SH, OIL, TD: 1105 ft Lat: 34.25033, Long: -97.37471 API: 35019264200001

Permits to drill for June 16, 2022

Ellis County BRENT 6/31 PA #2H, June 16 2022 07 19N 25W NWNWNENE API: 04523866 Lat: 36.143445406064394, Long: -99.90356640257805 MEWBOURNE OIL COMPANY HH, DR, 19821 ft, CHEROKEE(9390) Garvin County P. TINSLEY 0304 #1-10-15SXH, June 18 2021 09 3N 4W SWNENENE API: 04925338 Lat: 34.75242357305613, Long: -97.61707360207453 MARATHON OIL COMPANY MU, AM, 23418 ft, GODDARD(11651) Johnston County GLENN …

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Lankford gets tough with President—blames him for high gas prices

  Oklahoma U.S. Sen. James Lankford took to the Senate floor this week to call out President Biden and his administration over their energy policies and what they have done to the nation’s consumers and its energy industry. He accused them of doing nothing substantive to fight high inflation. Lankford spoke on the US Senate floor …

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Crude bounced back on Thursday but not OK energy stocks

  Crude oil prices were like a bouncing basketball this week and after slipping in trading earlier in the week, they rose on Thursday after the U.S. announced new sanctions on Iran. The sanctions targeted a network of Iranian petrochemical producers and front companies in China as well as the United Arab Emirates. They were …

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Groups agree on new alternate plan for no OGE rate hike

  Five parties have signed onto a new alternate settlement agreement asking Oklahoma Corporation Commissioners to vote down a previous agreement for an Oklahoma Gas and Electric rate hike. The new agreement presented to the commission would have OG&E not ask for a utility rate hike and no increase to its fixed monthly customer charges. The …

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Slight growth in oil and gas rig numbers across the U.S.

  The U.S. rig count rose by three in the last week to 820 as of June 15, according to Enverus Foundations data. The data indicated no change in the number of rigs in the Anadarko Basin. The national count is up 1% in the last month and up 58% in the last year. The …

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Breakdown of Hamm’s family ownership of Continental Resources

  While leadership at Continental Resources considers the takeover move initiated this week by founder Harold Hamm, the billionaire filed new paperwork with the Securities and Exchange Commission detailing who is making the offer. His $70-a-share offer also turned slightly stronger at the end of Thursday’s trading. The filing with the SEC detailed ownership of …

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Enviros go to court to block 3,500 oil and gas drilling permits

  The Biden administration has been sued by three environmental groups who are attempting to block 3,500 oil and gas drilling permits on public lands sought by companies in New Mexico and Wyoming. The lawsuit was filed in the District Court of Washington, DC against the Bureau of Land Management and accused the agency of …

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Two longtime oil and gas execs join Canes Midstream

Dallas-based –Canes Midstream LLC  announced that it has added energy industry veterans Mike Hicks as Chief Operating Officer, and Dan Westcott as Chief Financial Officer. Hicks and Westcott join Scott Brown, Chief Executive Officer, to round out the Canes executive leadership team. Most recently, Hicks served as President of Superior Pipeline Company, where he was …

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EV strain on Texas power grid?

  Some energy analysts predict there’ll be a 50% increase in electric vehicles in the U.S. in the next five years—a prediction that leads some to wonder whether Texas would be able to handle the pressure on its electric grid. One energy expert said the answer is a resounding “yes” according to a report by …

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