Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica Shale in Ohio were expanded with the $270 million acquisition of new assets. The company did not identify the seller but said the acquisition expands Ascent’s asset base in the Ohio Utica Shale play by ~26,800 net acres and increases net production by …
July 2, 2022 archive
Grid operator says 100 degree weather in Oklahoma will be closely watched
With 100 degree weather in Oklahoma and the rest of the nearby states part of this week’s forecast, electricity demand will be high enough that the Southwest Power Pool is closely monitoring the power demand. On Saturday, it issued what is called a Conservative Operations Advisory for its entire 14-state Balancing Authority footprint in …
OGE implements new rate hike while awaiting final regulatory approval
Oklahoma Gas and Electric was allowed to immediately implement a $30 million settlement of its original $163.5 million rate hike request because state law allowed it. The company implemented the new rate hike, amounting to 1.9% or $2.07 more a month for an average residential customer, within hours after reaching a Joint Stipulation and …
Producers still active in STACK and SCOOP plays in Oklahoma
Newly-filed completion reports show a few Oklahoma energy companies were busy drilling wells in the STACK and SCOOP plays of the state. Continental Resources reported completion of two Blaine County wells drilled on the same pad with combined production of about 600 barrels of oil a day, but gas production of more than 18,000 …
Completion reports for July 1, 2022
BLAINE COUNTY Continental Resources Inc Mississippian(12574): Oil 163 Gas 7007 Water 2400 Flow 34 15N 13W Randolph 4-34-27xhm, February 01, 2022 HH, GAS, TD: 20034 ft Lat: 35.72638, Long: -98.56868 API: 35011242300000 Continental Resources Inc Mississippian(12581): Oil 413 Gas 11255 Water 942 Flow 34 15N 13W Randolph 3-34-27xhm, February 02, 2022 HH, GAS, TD: 20042 ft Lat: 35.72599, Long: -98.57760 API: 35011242800000 CANADIAN COUNTY Citizen Energy Iii …
Permits to drill for July 1, 2022
Blaine County BURR OAK 35_2-15N-11W #3HX, July 01 2022 26 15N 11W SWSWSWSE API: 01124183 Lat: 35.74043011720458, Long: -98.33898838998739 DEVON ENERGY PRODUCTION CO LP MU, DR, 21996 ft, MISSISSIPPI(11572), MISSISSIPPI LIME(11572), WOODFORD(12245) Blaine County BURR OAK 35_2-15N-11W #4HX, July 01 2022 26 15N 11W SWSWSWSE API: 01124184 Lat: 35.74043012397052, Long: -98.33888730445786 DEVON ENERGY PRODUCTION CO LP MU, …
Crude made 2% gains on Friday but will it continue?
After the long Independence Day holiday, traders will be anxious to know whether Friday’s 2% gain in crude oil prices will continue on Tuesday. Likewise, investors in Oklahoma energy stocks will want to know if there’s a follow-through on their Friday gains. Why the gain? Experts say it was because of supply outages in …
