August 16, 2022 archive

Completion reports for August 16, 2022

GRADY COUNTY Citizen Energy Iii Llc Mississippian(11101): Oil 375 Gas 519 Water 2762 Flow 12 8N 6W Brushy Lake 2h-13-24, February 20, 2022 HH, OIL, TD: 22110 ft Lat: 35.17542, Long: -97.78653 API: 35051248700000

Permits to drill for August 16, 2022

Blaine County HECKENBERG #5-18-19-30XHW, August 16 2022 18 13N 13W SENENWNW API: 01124333 Lat: 35.60822112975566, Long: -98.6278621442967 CONTINENTAL RESOURCES INC MU, DR, 29919 ft, MISSISSIPPIAN(14662), WOODFORD(14784), HUNTON(15711) Carter County JAKE #1-31-30-1-3MXH, August 16 2022 06 2S 3W SENENWNW API: 01926504 Lat: 34.41850081847713, Long: -97.55812636490396 SCISSORTAIL EXPLORATION AND MU, DR, 19375 ft, SYCAMORE(9263), WOODFORD(9666) Carter County JAKE #2-31-30-1-3MXH, …

Continue reading »

Relief from heat wave in Oklahoma?

  The sound of one giant sigh of relief can be hard across Oklahoma…thanks to a cool front that arrived Tuesday evening bringing with it a chance of rain and perhaps a temporary end to the sweltering heat with temperatures higher than 100 degrees. But Gary McManus, State Climatologist with the Oklahoma Mesonet says the …

Continue reading »

Crude oil prices drop to 6-month low and OK Energy stocks were weak

Crude oil prices on Tuesday hit their lowest level since before Vladimir Putin decided to send his troops into Ukraine, starting a war that continues claiming lives every day. US prices dropped even lower after settling Monday below $90. What prompted the nearly 3% drop in prices? Analysts blamed new economic data about a potential …

Continue reading »

Energy Transfer wraps up sale with joint venture

  Energy Transfer LP announced Monday the completion of the sale of its 51 percent interest in Energy Transfer Canada ULC (Energy Transfer Canada) to a joint venture which includes Pembina Pipeline Corporation and global infrastructure funds managed by KKR. The company stated the sale of the assets allows Energy Transfer to further deleverage its …

Continue reading »

Permian crude oil production to hit record high in September

  The Permian Basin in Texas and New Mexico, site of major drilling efforts by numerous Oklahoma oil and gas operations is expected to see oil output rise 79,000 barrels a day, reaching a record 5.408 million barrels a day in September. The prediction was revealed this week in the productivity report by the U.S. …

Continue reading »

New leader of ERCOT named in Texas

  More than a year after the Texas grid leaders were bashed for their near catastrophic failure during February 2021 Winter Storm Uri, ERCOT got a new leader this week. The Electric Reliability Council of Texas Board of Directors  announced the selection of Pablo Vegas to serve as the president and CEO for the Texas …

Continue reading »

Empire Petroleum tripled revenue in 2Q

How good was the second quarter for Empire Petroleum? The company announced its quarterly revenue report this week showing revenue from oil, natural gas and natural gas liquids sales was $16.5 million, triple the $4.9 million revenue reported in the 2021 second quarter. The Tulsa-based company reported net income was $5.5 million compared to a …

Continue reading »

Legislator proposes drought aid to Oklahoma farmers and ranchers

  Rep. Justin Humphrey, R-Lane, said he is considering proposing legislation that could be brought forward in the House’s current special session to assist Oklahoma farmers and ranchers in the current drought. “Previously, in times of serious drought, Oklahoma’s government has stepped in and assisted ranchers with shipping hay,” Humphrey said. “During Oklahoma’s last serious …

Continue reading »

From around the U.S. and the world—other energy headlines

** Although the Inflation Reduction Act (IRA), which passed the House of Representatives on Friday, will be by far the largest federal action ever taken to confront climate change, it will fall short of the U.S.’s pledge in the 2015 Paris climate agreement to cut greenhouse gas emissions by 50-52% from 2005 levels by 2030. ** Al Gore’s …

Continue reading »