January 10, 2023 archive

Permits to drill for January 10, 2023

permits: none were processed today

Completion reports for January 10, 2023

completions: none were processed today

Crude prices up after EIA prediction on world oil consumption

  Oil prices made slight gains Tuesday but Oklahoma energy stocks suffered losses after the U.S. Energy Information Administration predicted record global petroleum consumption next year. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India and China, reflecting trends in …

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Lucas chosen to chair House Science Committee

  With Republicans now in control of the U.S. House, Oklahoma Rep. Frank Lucas was chosen this week to chair the House Science, Space, and Technology Committee of the 118th Congress. “I am deeply honored that my colleagues have chosen me to lead the Science, Space, and Technology Committee,” said Lucas who had been the …

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PSO curtailment program approved by regulators

  Oklahoma Corporation Commissioners have approved a special tariff proposed by Public Service Company of Oklahoma to help reduce the cost of electric services to certain participating customers. But not all. Approval came on a 3-0 vote last week despite opposition by the Oklahoma Industrial Energy Consumers whose attorney, Thomas Schroeder argued the Voluntary Curtailment …

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Hamm to keynote OKC meeting of Energy Workforce

  Billionaire oilman Harold Hamm will be the keynote speaker at the Energy Workforce’s Oklahoma chapter luncheon this month in Oklahoma City. The founder and executive chairman of Continental Resources, a company that Hamm just recently returned to full-private ownership by his family, will speak Jan. 26 at 11:30 a.m. The event will be held …

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Helmerich and Payne’s 1st quarter report to be released this month

  Tulsa’s Helmerich & Payne plans a release of its first quarter 2023 earnings report later this month. Investors likely are curious whether the company was able to continue its jump in net income recorded at the end of 2022. It plans a Tuesday, Jan. 31, 2023 conference call at 11 a.m. featuring John Lindsay, …

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OGE partners with Meals on Wheels for new OKC delivery route

  OG&E announced a donation and special partnership with St. Luke’s United Methodist Church to support Meals on Wheels Oklahoma City. The OGE Energy Corp. Foundation’s $50,000 donation will allow Meals on Wheels to add a new route to their service in west Oklahoma City, and OG&E employees will serve as volunteers to deliver the …

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Devon expects crude oil production drop due to December winter storm

  The winter storm that hit Oklahoma and the rest of the Midwest in December will result in an anticipated 2% drop in fourth-quarter production for Devon Energy. The company released a statement this week indicating it expects the quarterly production to drop about 15,000 oil equivalent barrels a day because of the impact the …

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Turnpike fight leads to another lawsuit

  The Oklahoma Turnpike Authority faces yet another lawsuit over its controversial plans for a turnpike extension through parts of the city of Norman. A lawsuit was filed Monday and in it, attorney Stan Ward alleges the authority violated a court order that stated $60 million in contracts were invalid because the authority violated the …

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