** The Biden administration is considering replenishing the Strategic Petroleum Reserve when oil dips below $80 a barrel, just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price. ** Investors got a rude awakening with Tuesday’s hotter-than-expected inflation numbers, and the decline in gas prices since June …
September 2022 archive
Electricity bills prove inflation is real
You think inflation isn’t real? Consider this. August electricity prices jumped the highest since 1981 according to the U.S. Bureau of Labor Statistics. The government said this week electricity bills nationally gained 15.8% from a year ago reported Bloomberg. Click here for Bloomberg
Completion reports for September 13, 2022
OKLAHOMA COUNTY Gulf Exploration Llc Viola(8111): Oil 48 Gas 450 Water 37 Flow Oswego(7683): 33 13N 3W Redding Claire 1-32er, May 20, 2021 DH, GAS, TD: 8627 ft Lat: 35.55611, Long: -97.52584 API: 35109224800002 OKMULGEE COUNTY Bona Tangent Llc 8 15N 11E Carolyn 1-8, November 23, 2021 SH, DRY, TD: 2280 ft Lat: 35.79826, Long: -96.17032 API: 35111275440000 PITTSBURG COUNTY Calyx Energy Iii …
Permits to drill for September 13, 2022
Canadian County BIG TIMBER 1408 #3MH-2, September 13 2022 02 14N 8W NENENENW API: 01725852 Lat: 35.724758098271224, Long: -98.02256241408854 CANVAS ENERGY LLC HH, DR, 14700 ft, MISSISSIPPIAN(8959) Canadian County BIG TIMBER 1408 #2SMH-2, September 13 2022 02 14N 8W NENENENW API: 01725851 Lat: 35.72475810160919, Long: -98.02261294695214 CANVAS ENERGY LLC HH, DR, 15500 ft, MISSISSIPPIAN(9446) Canadian County BIG …
Citizen Energy reports completion of Canadian County wells
Two of the latest Canadian County producers were wells on a single pad that had combined oil production of more than 600 barrels of oil a day. Citizen Energy III LLC, of Tulsa drilled the Kolar 1h-35 and the Kolar 2h-35, drilled on a pad at 2 10N 6W , a site about 3 miles west of Mustang. …
Sen. Lankford moves to protect small business from “supersized” IRS under Biden administration
Oklahoma U.S. Sen. James Lankford wants to make sure small businesses, including those in the energy industries, as well as taxpayers who earn less than $400,000 a year are not targets of the IRS under the Biden administration. Senator James Lankford (R-OK) today joined Senate Finance Committee Ranking Member Mike Crapo (R-ID) and all Finance …
ONEOK names new senior vice president
ONEOK named a new addition to the company’s list of executives. The Tulsa-based firm announced Janet L. Hogan has joined ONEOK, Inc. as senior vice president, chief human resources officer, reporting to Pierce H. Norton II, president and chief executive officer of ONEOK. Before joining ONEOK, Hogan was senior vice president, human resources, for Hormel Foods, …
Growing inflation results in slipping crude oil prices and falling Oklahoma energy stocks
Oil prices weren’t the only finances to take a tumble on Tuesday. Oklahoma energy stocks fell as well, just one day after recording some strong gains in trading. The crude oil price drop came as news was released indicating inflation is alive and well in the U.S. Consumers prices rose in August and it …
GOP Senators target administration’s “onerous” permitting bills
Oklahoma Sen. Jim Inhofe joined 37 other GOP Senators this week in introducing an act to do something about what he calls “onerous” permitting that delays energy projects. Sen. Inhofe (R-Okla.) joined 37 of his Republican colleagues, led by Sen. Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) …
Company with $15 million in fines and penalties runs Oklahoma’s winter storm bond program
Records reflect that the Dallas company chosen to handle the billions of dollars in ratepayer-backed bonds to cover 2021 Winter Storm Uri costs for a handful of Oklahoma utilities has a record of more than $15 million in penalties, fines and ordered-restitution, some through the Securities and Exchange Commission. It would appear the decision-makers …