The Biden administration has again postponed oil and gas lease sales in New Mexico, Colorado and Wyoming. Fox Business News says the Bureau of Land Management delayed the sales until the end of the month. Click here for Fox Business News
June 2022 archive
Rep. Cole slams what he calls Biden’s ridiculous gas tax holiday proposal
President Biden’s plan to ask Congress to suspend the federal gas tax for the next three months had barely arrived when Oklahoma Rep. Tom Cole called it nothing but a “desperate” measure from a “desperate” President. It’s what he offered in a statement issued Wednesday morning. “Calling for a ‘Gas Tax Holiday’ is nothing …
Headlines of other energy stories
** Sen. Joe Manchin says EV tax credit bonus is gone from spending bill. Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Manchin as they seek to wrap up negotiations on a spending deal. ** Chevron Corp on Wednesday signaled its move into the …
Supreme Court won’t hear Oklahoma’s RR crossing appeal
The Little Engine that Could just rolled over Oklahoma in the state’s fight to enforce a law setting strict time limits on trains blocking city streets. The U.S. Supreme Court decided this week it would not hear Oklahoma’s appeal of a federal court ruling that federal authority regulates rail carriers and tracks and not …
$3.5 billion acquisition in the Permian Basin
The latest major acquisition in the Permian Basin involved $3.5 billion and 600,000 acres in Texas and New Mexico. Houston-based Targa Resources, an oil and gas midstream company just acquired Lucid Energy, increasing its activity in the Delaware sub-basin for at least the next 20 years reported the Carlsbad Current-Argus. Click here for Carlsbad Current-Argus
Permits to drill for June 21, 2022
Caddo County TATE #2-32, May 06 2022 32 9N 9W E2SESENE API: 01523327 Lat: 35.211933876128036, Long: -98.16642886140302 KIRKPATRICK OIL COMPANY INC SH, AM, 11000 ft, MARCHAND(10000) Canadian County EARLES RANCH #1H-7-6, June 21 2022 07 11N 9W SWSWSWNW API: 01725821 Lat: 35.443327803356034, Long: -98.20036432910919 CITIZEN ENERGY III LLC MU, DR, 21000 ft, MISSISSIPPIAN(13250), WOODFORD(13350) Carter County UNIT …
Completion reports for June 21, 2022
GRADY COUNTY Gulfport Midcon Llc Woodford(15105): Oil 312 Gas 4241 Water 2385 Flow 11 4N 6W Sue 2-11x14h, January 29, 2020 HH, OIL, TD: 22071 ft Lat: 34.84077, Long: -97.80589 API: 35051247190000
Continental shares drop again in light of Hamm’s acquisition offer
Harold Hamm’s offer to take Continental Resources Inc. private with an offer of $70 a share, a bid that will cost him an estimated $4.4 billion in cash, is looking better following Tuesday’s close of trading on Wall Street. Continental Resources closed down 84 cents or 1.28% and settled at $66.67 a share or …
Crude oil prices and OK energy stocks rebounded Tuesday
Tight fuel supplies caused by sanctions on Russian oil over its invasion of Ukraine along with increased summer demand sent crude oil prices rebounding on Tuesday. Oklahoma energy stocks also saw prices go back up for the day. West Texas Intermediate crude for July delivery rose $1.09 or nearly 1% to finish at $110.65 …
Wind energy firm in Enid could get millions in incentives
A proposed extension of a tax district in Enid could save an energy company $14 million in taxes for storage of its wind turbine parts. Click here for Enid News and Eagle
