No completion reports were filed for the day.
October 25, 2022 archive
Permits to drill for October 25, 2022
Custer County HOLDER-PYEATT #1-2-11MHX, October 25 2022 02 14N 16W SWNWNENE API: 03922614 Lat: 35.724514548176806, Long: -98.86671939374456 CRAWLEY PETROLEUM CORPORATION HH, DR, 23386 ft, MISSISSIPPIAN(13400) Garvin County ANTERO FED #0303 7-6-5MXH, October 25 2022 07 3N 3W SWSESWSE API: 04925390 Lat: 34.739666101391464, Long: -97.55181850910759 CPRP SERVICES LLC MU, DR, 21830 ft, SYCAMORE(11000) Garvin County ANTERO FED #0303 …
West Texas natural gas prices hit negative on Tuesday
For the first time in two years, natural gas prices at the Waha hub of west Texas fell below zero in Tuesday’s trading. The increase in oil production the Permian Basin is behind what’s happened to the excess natural gas that comes with the crude oil. It’s a growing challenge for Oklahoma oil and …
Sen. Lankford—So much for American energy independence
In a bluntly-directed piece he wrote for the Washington Examiner, Oklahoma U.S. Sen. James Lankford asserted we have only Joe Biden to thank for the end of the phrase “energy dominance” in this country. He called the President’s energy efforts a schizophrenic energy policy. “So much for American energy independence or energy dominance,” he wrote, recalling …
Crude prices and OK energy stocks responded to Saudi Arabia’s political warning
A warning from Saudi Arabia’s energy chief that nations shouldn’t use emergency oil reserves to manipulate prices sent crude oil prices higher in Tuesday’s trading. Gains were also recorded by most Oklahoma energy stocks. “Losing emergency stocks may be painful in the months to come said the energy minister As a result, West Texas …
Union Pacific to build hybrid-electric locomotives in Arkansas
Union Pacific Railroad announced it is partnering with ZTR to build hybrid-electric locomotives for yard operations at its North Little Rock plant in Arkansas. The first prototype is expected to be delivered in 2023 and five more units are planned for arrival in 2024 reported Railway-News. Click here for Railway-News
Federal Reserve Banks to hold energy conference
The Federal Reserve Banks of Dallas and Kansas City will host their seventh joint energy conference on November 10 in Houston. The conference will focus on geopolitics as well the outlook for global energy markets and the U.S. energy sector. Participants will include business leaders, central bankers, government officials, academics and financial market …
BP to expand renewable energy efforts in $4 billion move
BP announced it is acquiring a Houston-based firm in a $4.1 billion deal to use natural gas emissions from landfills and farms. The renewable energy purchase is of Archaea Energy, a firm formed a few years ago. Click here for Fox 26 News in Houston
Arkansas to locate EV charging stations near Oklahoma
Arkansas has decided some of the first new EV charging stations to be constructed with the help of millions in federal funds will be right next to the state line with Oklahoma. Eleven so-called “charging deserts” in the state will be the first to receive the electric vehicle charging stations including U.S. 412 from …
Reserve Bank says oil consumption growth to slow
A forecast from the Dallas Federal Reserve Bank says expectations for oil consumption growth have been reduced by deteriorating global economic conditions. The Bank cited the decision by OPEC+to cut production quotas in November as one of the conditions, but also determined it was likely to be muted by underproduction of member countries. Inventories …
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