The head of an oil and gas industry group in Oklahoma says President Biden’s Inflation Reduction Act will only result in higher energy costs for the U.S. It’s what Brook Simmons, President of the Petroleum Alliance of Oklahoma told The Oklahoman in a story regarding the Act’s impact on Oklahoma. The paper carried the …
September 2022 archive
Halliburton officially exits Russia
Halliburton Company, the firm that was originated in Oklahoma before moving headquarters to Texas wiped its hands clean of operations in Russia. The firm announced over the weekend it completed the sale of its Russia operations to a Russia-based management team. The team is comprised of former Halliburton employees. As a result, Halliburton no …
Justice upholds $155 million interest payment judgment in favor of Oklahoma well owners
A $155 million judgment in a lawsuit over late payments to 53,000 oil-well owners in Oklahoma was upheld by U.S. Supreme Court Justice Neil Gorsuch. He did so by rejecting a request from pipeline operator Energy transfer LP’s Sunoco Inc. unit to block the judgment. Justice Gorsuch denied Sunoco’s bid to stay proceedings to …
Slight decline in US rig and Oklahoma rig counts
The nation’s oil and gas rig count slipped by one in the past week reported Baker Hughes on Friday as most oil and gas plays showed no changes. Only the Permian Basin and the Mississippian recorded changes. The Permian Basin saw a decline of two rigs to 340 while the Mississippian grew by one …
Oklahoma energy stocks made strong gains along with oil price increases
As oil prices rebounded 4% on Friday, Oklahoma energy stocks also had a strong day with some firms recording gains of 5%. The price increases came after threats were made to cut crude oil supply worldwide. West Texas Intermediate crude oil for October delivery rose $3.25 or nearly 4% to $86.79 a barrel …
Headlines of other stories
** The nation’s ethanol plants produce more than double the climate-damaging pollution, per gallon of fuel production capacity, than the nation’s oil refineries, according to a Reuters analysis of federal data. ** New Jersey state regulators have approved double-digit rate increases for four gas providers, a move that will see millions of customers experiencing soaring …
Completion reports for September 9, 2022
CANADIAN COUNTY Camino Natural Resources Llc Mississippian(9345): Oil 223 Gas 585 Water 2227 Flow 25 12N 7W Black Kettle 1207 25-36-5mxh, May 18, 2022 HH, OIL, TD: 17393 ft Lat: 35.48722, Long: -97.88719 API: 35017257400000 Camino Natural Resources Llc Woodford(9717): Oil 97 Gas 281 Water 2199 Flow Mississippian(9308): Oil 97 Gas 281 Water 2199 Flow 25 12N 7W Black Kettle 1207 25-36-4wxh, May 17, 2022 HH, OIL, TD: 17534 ft …
Permits to drill for September 9, 2022
Atoka County DOVE #15/22-3H, September 09 2022 10 2S 10E NESESWSW API: 00520480 Lat: 34.39073905844025, Long: -96.2458099039353 CANYON CREEK ENERGY ARKOMA LLC MU, DR, 17500 ft, WOODFORD(7200) Atoka County DOVE #15/22-1H, September 09 2022 10 2S 10E NESESWSW API: 00520478 Lat: 34.390739061871614, Long: -96.24590933906468 CANYON CREEK ENERGY ARKOMA LLC MU, DR, 17500 ft, WOODFORD(7200) Atoka County DOVE …
Tesla proposes lithium refinery in Texas
A lithium refinery on the gulf coast of Texas? It’s what Tesla Inc. has proposed. The company has even made application with the Texas Comptroller’s office saying the potential battery-grade lithium hydroxide refining plant would be the first of its kind in the nation reported Reuters. Click here for Reuters
Permits to drill for September 8, 2022
Ellis County SHREWDER #26-23 2H, September 08 2022 27 18N 23W SENWNESE API: 04523872 Lat: 36.00473136627903, Long: -99.6347491593152 VALPOINT OPERATING LLC HH, DR, 18171 ft, OSWEGO(9677) Grady County RHONDA 0807 #33-4-1MXH, September 08 2022 28 8N 7W SESWSESE API: 05124959 Lat: 35.13205879255292, Long: -97.93795310658577 CAMINO NATURAL RESOURCES LLC MU, DR, 22404 ft, MISSISSIPPIAN(14056), WOODFORD(14238) Mcclain County LAUBHAN …