January 5, 2023 archive

Permits to drill for January 5, 2023

Ellis County JULIE 9/16 AP #1H, January 05 2023 04 17N 24W SWSESESE API: 04523884 Lat: 35.97001110916173, Long: -99.7571342984213 MEWBOURNE OIL COMPANY MU, DR, 20697 ft, CHEROKEE(10350) Ellis County LAUREN 10/15 DM #1H, January 05 2023 04 17N 24W SWSESESE API: 04523883 Lat: 35.970011110608176, Long: -99.7569991285792 MEWBOURNE OIL COMPANY HH, DR, 20716 ft, CHEROKEE(10300) Ellis County RODNEY …

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Completion reports for January 5, 2023

GRADY COUNTY Citizen Energy Iii Llc Woodford(11828): Oil 368 Gas 559 Water 2383 Gas Lift 6 7N 5W Johnson 3h-6, October 26, 2022 HH, OIL, TD: 17204 ft Lat: 35.10270, Long: -97.77047 API: 35051249440000 Citizen Energy Iii Llc Woodford(14436): Oil 3 Gas 4573 Water 2708 Flow 20 8N 7W Eubank 2h-29-32, September 26, 2022 HH, GAS, TD: 25435 ft Lat: 35.14748, Long: -97.96799 API: 35051249320000 Paloma Operating …

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Gains recorded by crude oil prices and Oklahoma energy stocks

  Moderate gains were made Thursday by Oklahoma energy stocks and crude oil prices. Crude oil managed a 1% gain for the day after the biggest two-day loss for the start of a year in three decades. It came after lower fuel inventories were reported. West Texas Intermediate crude for February delivery rose 83 cents …

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Corporation Commissioner offers tearful farewell

  Corporation Commissioner Dana Murphy offered a tearful farewell in her last meeting on Thursday, saying she hoped her legacy was to the people. After 14 years as a commissioner, Murphy concluded the commission’s meeting with comments as she was term-limited on the state-wide seat. “I can’t say enough about you,” she said in comments …

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Oklahoma gasoline prices continue to climb

  Gasoline prices continued their rise this week across Oklahoma, reaching a high of $2.93 a gallon, just weeks after declining before the end of 2022. AAA reported Thursday that gasoline prices rose 2 cents in one day. The new average is higher than a year ago when Oklahoma prices averaged $2.90 a gallon. It …

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Cushing hub’s crude oil storage holds steady

  The resumption of the flow of crude oil down the Keystone Pipeline following a 14,000 barrel leak in northern Kansas last month resulted in a slight gain for the Cushing hub. The U.S. Energy Information Administration reported the hub had 25.3 million barrels of crude oil in storage as of Dec.30, 2022. It represented …

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National drilling rig numbers tumble reports Enverus

  This week’s rig count released by Enverus Foundations showed an increase in drilling activity in the Anadarko Basin. The new report indicated the gain of one rig came despite a national decline of 11 rigs, down to 861 for the week ended Jan.4. Enverus reported the count is down 2% from the previous month …

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Commissioner says closing some of utility winter storm rate hike cases was wrong

  Warning that the actions set a “dangerous precedent” that could hamper investigations into the recovery of fuel costs from 2021’s Winter Storm URI, Corporation Commission Bob Anthony on Thursday filed a dissenting opinion against an approved Commission order closing “regulatory asset” cases key to the cost recovery issue. “Those cases closed in spite of …

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Cash dividend declared by Unit Corporation

  Unit Corporation announced its Board of Directors has declared a special cash dividend of $10.00 per share and has approved a quarterly cash dividend policy beginning in the Company’s second quarter. The Tulsa-based company stated that the special dividend will be paid on January 31, 2023, to shareholders of record as of the close …

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Energy developments in Colorado

  From oil and gas drilling to utility rates—energy developments are occurring in the state of Colorado. Colorado regulators predict oil and gas drilling and hydraulic fracturing emissions in 2023 will nearly double earlier estimates and the industry will be the state’s largest source of ozone-forming pollutants. (CPR) Colorado electricity cooperatives urge federal regulators to require Xcel Energy …

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