January 13, 2023 archive

Permits to drill for January 13, 2023

permits: none were processed today

Completion reports for January 13, 2023

completions: none were processed today

Friday saw a $1 gain in crude oil prices but losses for OK energy stocks

  While crude oil prices rose more than a dollar a barrel on Friday, Oklahoma energy stocks recorded a weak trading day. For oil prices, it was the biggest weekly gain since October as West Texas Intermediate crude for February delivery rose $1.47 or 1.9% to finish at $79.86 on the New York Mercantile Exchange. …

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Increased US drilling activity while slight drop recorded in Oklahoma

  The nation’s oil and gas fields saw a gain of 3 rigs to reach a total of 775 while there was a drop in activity in Oklahoma reported Baker Hughes on Friday. The well-servicing company reported the number of oil rigs increased by 5 to 623 while the count of gas drilling rigs fell …

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Well plugging program delayed in Oklahoma

  Those speed bumps that Brandy Wreath, Executive Director of the Oklahoma Corporation Commission talked about in briefing commissioners on the state’s well plugging program apparently became road blocks. In an update last week, Wreath told commissioners he had hopes of securing a third-party administrator so the Commission could soon begin methane testing as part …

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Williams subsidiary gets approval for $980 million pipeline project in New Jersey

  Federal regulators signed off on approval of a $980 million expansion of the Transco pipeline in the northeast, a line owned by a Williams Company subsidiary. State officials were joined by environmental groups in fighting the expansion of the interstate natural gas pipeline, claiming the expansion would only hit ratepayers with unnecessary costs for …

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New Mexico rancher fights state’s wind farm development on state land

  A rancher who sued over wind farm development on the land he leased from the State of New Mexico ended up this week in New Mexico Supreme Court. The Blanchard Corona Ranch contended the wind lease development interfered with his grazing leases and abilities to raise cattle on the state trust land reported the …

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Study says anti-ESG movement is costing taxpayers

  A new study supported by environmental activists contends such efforts by Oklahoma and other states targeting investment firms that discriminate against oil and gas funding actually will cost taxpayers more in higher interest payments. It was last year when Oklahoma adopted the Energy Discrimination Elimination Act of 2022 (House Bill 2034) which identifies those firms …

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Reps. and Senators want delay in lesser prairie chicken listing

  The pesky lesser prairie-chicken issue has the attention of Oklahoma’s congressional delegation along with a Kansas U.S. Senator. They sent a letter to Interior Secretary Deb Haaland asking an extension to delay the final rule that will list the prairie chicken under the Endangered Species Act. Senators James Lankford (R-OK) and Roger Marshall, M.D. (R-KS), …

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ConocoPhillips donates more than $1 million to university in Texas

  ConocoPhillips announced a nearly $1.2 million multi-year gift, consisting of both in-kind equipment and monetary contributions, to Prairie View A&M University (PVAMU) to support student development of skills in engineering and business analytics for undergraduates. “We are honored to help advance engineering and business analytics at PVAMU and to equip the next generation with …

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