August 17, 2022 archive

Permits to drill for August 17, 2022

Atoka County WESTERN #5-47B, June 07 2019 05 1N 15E NESWNESE API: 00520471 Lat: 34.58443403320678, Long: -95.745442610289 WESTERN OIL AND GAS DEVELOPMENT SH, AM, 5860 ft, JACKFORK(5140) Canadian County NOWLIN #1H-21, January 04 2022 16 10N 5W SESWSWSE API: 01725757 Lat: 35.33433036615109, Long: -97.7319103599893 CITIZEN ENERGY III LLC HH, AM, 14300 ft, MISSISSIPPIAN(8900) Canadian County NOWLIN #1H-16-9, …

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Completion reports for August 17, 2022

CANADIAN COUNTY Camino Natural Resources Llc Mississippian(9820): Oil 889 Gas 4350 Water 1209 Flow 34 12N 7W Hunt 1207 27-22-2mxh, April 29, 2022 HH, OIL, TD: 20199 ft Lat: 35.47793, Long: -97.92712 API: 35017257140001

Crude oil rose on Wednesday after oil drawdown in US

    A steeper than expected drawdown in U.S. crude stocks led to a slight increase in crude oil prices on Wednesday. Some Oklahoma energy stocks responded with strong trading for the day. Crude went up 1.5% after Wednesday’s six-month low. Analysts suggested the drawdown outweighed worries about increased Russian output and exports. West Texas …

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Franchise tax issue on winter storm bonds to be considered

  Oklahoma Corporation Commissioners might consider a vote Thursday morning on the issue that hundreds of millions of dollars in local and state taxes won’t be collected because of the bond securitization used by ONG, OGE, PSO and Summit Utilities in covering their 2021 Winter Storm Uri costs. The commission’s Public Utilities Division raised the …

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Report contends U.S. including Oklahoma will get much, much hotter by 2053

  Southern Oklahoma will suffer under event hotter weather in the coming decades with at least two counties in the southeast part of the state to endure more than 80 days of summer temperatures 100 degrees or greater. That’s according to a new report from First Street Foundation, a New York-based non-profit research and technology …

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Political news group critical of Oklahoma Gov. Stitt over opposition to IRA

  Oklahoma Gov. Kevin Stitt has been accused of being one of a handful of Republican governors critical of the President’s Inflation Reduction Act while their states gain benefits from the measure signed into law on Tuesday. POLITICO suggested Stitt might be “hypocritical” about the IRA although the news organization known for its political coverage …

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Laredo Petroleum divests some holdings around Big Spring, Texas

  Laredo Petroleum, Inc. announced the $110 million sale of some of its properties in the Permian Basin, where the Tulsa Company has carried out its operations. The company said it divested itself of certain non-operated properties in Howard County and the sale is subject to customary closing price adjustments. Laredo expects to close the …

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More energy bureaucrats coming our way

  If you thought the addition of 87,000 more IRS agents was the growth of big government, consider what happened in the U.S. Energy Department in recent days. The Biden administration, even before the President officially put the IRS growth into effect with the Tuesday signing of his Inflation Reduction Act, had already implemented the …

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Will recommendations from Presidential board end rail strike threats?

  The possibility of a strike by workers at the railways serving Oklahoma and the rest of the nation remains, even after a special board named by President Biden came up with recommendations of pay. The board, appointed to intervene in the stalled railroad contract talks said this week that the 115,000 rail workers should …

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Wind farm subsidies still with us—even in Oklahoma

  It wasn’t but a few years ago when Oklahoma ended its wind energy subsidies after a fiery battle between the wind industry and oil and gas operators. But with President Biden’s signing of the Inflation Reduction Act on Tuesday, federal wind energy tax credits will be extended through 2025. It doesn’t mean there isn’t …

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