The $1.9 billion merger between two Permian Basin oil and companies resulted in a new company with a new name–Sitio. The newly-merged firm owns more than 100,000 acres in the prime oil producing area of West Texas and southeast New Mexico. Created with the merger of Desert Peak Minerals and Falcon Minerals, the company …
June 2022 archive
More energy headlines
** A weekend heat wave across Texas causes power demand to spike at 75 GW, a new record for the state grid, which appeared to hold steady without major disruptions. ** A new $90 million, natural gas-powered peaker plant comes online in South Dakota. ** Ohio Gov. Mike DeWine asks the U.S. EPA to permanently remove restrictions on the year-round sale of 15% …
Completion reports for June 13, 2022
DEWEY COUNTY Kaiser-francis Oil Company Red Fork(8660): Oil 621 Gas 562 Water 770 Flow 7 18N 15W Cashew 765 1h St1, February 08, 2021 HH, OIL, TD: 13068 ft Lat: 36.05123, Long: -98.84722 API: 35043237180000 OKLAHOMA COUNTY Okland Oil Company Hunton(5900): Oil 27 Water 275 Pump 11 11N 1E Harrah 1-11, May 08, 2022 DH, OIL, TD: 6163 ft Lat: 35.44015, Long: -97.17356 API: 35109225090001
Permits to drill for June 13, 2022
Carter County HEWITT UNIT #22-5103, June 13 2022 22 4S 2W SWNESWSE API: 01926489 Lat: 34.18987026196482, Long: -97.39358411685475 XTO ENERGY INC SH, DR, 4000 ft, PONTOTOC(900), HOXBAR(1800), DEESE(2950) Carter County HEWITT UNIT #15-4304, June 13 2022 15 4S 2W NWSWNESW API: 01926487 Lat: 34.206468952978184, Long: -97.40028551249517 XTO ENERGY INC SH, DR, 3300 ft, PONTOTOC(800), HOXBAR(1191), DEESE(2116) Carter …
High gasoline prices aren’t going away in Oklahoma
Whether the increased price of gasoline has left you angry, indifferent or frustrated, one thing is clear in Oklahoma…prices are climbing higher and there’s nothing drivers can do about it. The average price of gasoline in Oklahoma hit $4.64 on Monday while the national trend was at $5.01 a gallon according to the American …
New crude oil pipeline approved in North Dakota
Oklahoma oil and gas producers who are active in North Dakota might soon have a new pipeline to move their product across the state. The North Dakota Public Service Commission recently approved construction of an 81-mile long pipeline in McKenzie and Golden Valley Counties. Approval was given to Bridger Pipeline reported Prairie Public Broadcasting. …
New Colorado law targets fracking
It’s law in Colorado now requiring makers and users of hydraulic fracking chemicals to reveal to the state each chemical in their products. Gov. Jared Polis signed legislation Thursday targeting fracking reported the Denver Gazette. Click here for Denver Gazette
Crude oil prices begin week with slight increase but OK energy stocks suffered
Oil futures held their own in Monday’s trading as investors and analysts think not even an economic slowdown will ease the continuing supply crunch. Oklahoma energy stocks suffered as some experienced losses as high as 17%. West Texas Intermediate crude for July delivery went up 26 cents and finished the day at $120.93 a …
Governors to testify about methane pollution
The governors of New Mexico and Wyoming will go before a House committee on Tuesday to testify about methane pollution from oil and gas production. The House Select Committee on the Climate Crisis will hear from New Mexico Gov. Michelle Lujan Grisham and from Wyoming Gov. Mark Gordon. The two will share perspectives on the …
GOP Reps say $5 gasoline was caused by Biden
When gasoline prices hit $5 a gallon over the weekend, it evoked some angry responses from House Republican Whip Steve Scalise and HEAT Co-Chairs Rep. Markwayne Mullin of Oklahoma and Rep. Jeff Duncan of South Carolina. They said the $5 gasoline was “directly caused by President Biden’s war on American energy.” “Meanwhile, instead of …