August 2022 archive

Power line approval for NextEra in Kansas came with eminent domain authority

  Not only did Kansas regulators give their stamp of approval to a NextEra transmission power line in southeast Kansas, but they also gave the power of eminent domain to the company. The route has to be approved first before NextEra can use the power. The line is expected to run through Coffey, Anderson, Allen, …

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Small lizard latest to be considered for protection in Permian Basin

  The U.S. Fish and Wildlife Service says it will have a decision in about a year regarding protections for the dunes sagebrush lizard that is reported to be in danger because of growing oil and gas drilling in the Permian Basin.It’s a decision that could directly impact Oklahoma oil and gas firms with extensive …

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Oil firms are capitalizing off rising natural gas prices

  With natural gas prices near 14-year highs, shale producers in Oklahoma, Texas, New Mexico and elsewhere across the U.S. jumped on the bandwagon to take advantage. Years after flaring of excess natural gas was the norm, now those companies are getting an earnings bonanza reported Reuters. Click here for Reuters  

Permits to drill for August 30, 2022

Canadian County NIEMANN 1306 #1H-6X, August 30 2022 08 13N 6W NWSWSESW API: 01725842 Lat: 35.610500978847355, Long: -97.86511469308678 OVINTIV USA INC MU, DR, 19771 ft, WOODFORD(8849) Coal County MARTIN #2A, August 30 2022 35 1N 9E SWNWNWNE API: 02921432 Lat: 34.518648569681105, Long: -96.32724930098556 WENTWORTH OPERATING COMPANY DH, DR, 4700 ft, UPPER ATOKA(1700), MIDDLE ATOKA(2700), SPIRO (BASAL ATOKA)(3500) …

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Completion reports for August 30, 2022

CUSTER COUNTY Mewbourne Oil Company Red Fork(11540): Oil 369 Gas 1816 Water 1083 Flow 1 13N 17W Barrick 36 Pa 1h, June 18, 2022 HH, OIL, TD: 16545 ft Lat: 35.63787, Long: -98.95514 API: 35039226020000 KAY COUNTY Iron Hawk Energy Group Jv 27 27N 1E Mitchell 3-27v, October 12, 2021 SH, DRY, TD: 4334 ft Lat: 36.79310, Long: -97.18622 API: 35071249270000 OKLAHOMA COUNTY …

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Crude oil makes big drop while OK energy stocks suffered on Tuesday

  A day after crude oil prices managed a robust increase, they plunged by nearly $6 a barrel in Tuesday’s trading on growing worries that central banks will hike rates to fight increasing inflation. Plus, there is the concern over unrest in Iraq. It all took effect on Oklahoma energy stocks as they fell from …

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Trump’s “I told you so” warning about energy dependency on Russia

  At the time President Donald Trump went public in 2018 with his criticism of Germany being too energy dependent on Russia and its natural gas, it drew smirks from Germany’s leaders. Remember those pictures of German officials sitting at the 2018 U-N General Assembly during a Trump speech and how they laughed and smirked …

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Share repurchase renewed by Civeo

  Oilfield man-camp operator Civeo Corporation announced  that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding through the facilities of the New York Stock Civeo intends to fund repurchases through cash on hand and cash generated from operations. In …

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New well in Oklahoma’s Stephens County

  A southern Oklahoma well produced nearly 1,000 barrels of oi a day when it was completed earlier this year. A completion report filed by Black Mesa Energy LLC of Tulsa was on a Stephens County well, 36 1S 4W , located east of the town of Alma. The Rangers 36-25-1s-4w Sxh 1, spudded in December 2021 was …

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Southwest Power Pool announces additional commitments to western market development

  More utilities in the western part of the nation are interested in being served by the Southwest Power Pool of which Oklahoma is a member. Southwest Power Pool (SPP) announced six additional entities have expressed interest in participating in the next phase of Markets+ development. Avista Corp., Chelan County Public Utility District, Grant County …

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