January 24, 2023 archive

Permits to drill for January 24, 2023

Caddo County BROGDEN #2H-6-7, January 24 2023 06 12N 11W NWNWNWSE API: 01523333 Lat: 35.542979450792565, Long: -98.40282213554653 CITIZEN ENERGY III LLC MU, DR, 22300 ft, MISSISSIPPIAN(14800) Caddo County BROGDEN #1H-6-31, January 24 2023 06 12N 11W NWNWNWSE API: 01523332 Lat: 35.54306186604662, Long: -98.4028221436961 CITIZEN ENERGY III LLC MU, DR, 22550 ft, MISSISSIPPIAN(14200) Carter County HHU #733, January …

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Completion reports for January 24, 2023

BLAINE COUNTY Devon Energy Production Co Lp All Zones Producing: Oil 557 Gas 4045 Water 1890 Flow 21 15N 10W Parker 28_33-15n-10w 4hx, November 11, 2022 HH, OIL, TD: 21655 ft Lat: 35.75517, Long: -98.26876 API: 35011242970000 Devon Energy Production Co Lp All Zones Producing: Oil 644 Gas 4611 Flow 21 15N 10W Parker 28_33-15n-10w 5hx, November 11, 2022 HH, OIL, TD: 21748 ft Lat: …

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Regulator challenges utilities over fuel adjustment costs

    Oklahoma Corporation Commissioner Bob Anthony raised the stakes for the state’s three major utilities as they seek 2021 fuel cost adjustments. At the same time, he issued a challenge to his two fellow commissioners. In a filing this week, the commissioner raised questions about the costs of Oklahoma Natural Gas, Oklahoma Gas & …

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A 2% fall for crude oil prices while OK energy stocks had a mixed day on Tuesday

  Growing concerns about a global economic slowdown led to a nearly 2% drop in crude oil prices Tuesday, both in the U.S. and overseas. As a result, Oklahoma energy stocks were mixed with some losing up to 8% while others gained 7%. The expected build in U.S. oil inventories, something noted last week in …

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Increased dividend announced by ONE Gas

    The board of directors of ONE Gas, Inc. increased the dividend for the first quarter 2023 by 3 cents per share to 65 cents per share, resulting in an annualized dividend of $2.60 per share. The dividend is payable March 10, 2023, to shareholders of record at the close of business Feb. 24, …

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Feds reject Oklahoma turnpike plan through Lake Thunderbird

  Call it what you want, a speed bump, a detour or a roadblock, but engineers at the Oklahoma Turnpike Authority were told by the federal government they cannot build a new turnpike through Lake Thunderbird near Norman. The U.S. Bureau of Reclamation rejected the state’s plans to build bridges over part of the lake …

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Mullin’s first Senate bill targets federal control of energy on federal lands

  U.S. Senator Markwayne Mullin (R-OK) unveiled his first legislative package as a new member of the senate, introducing three bills to restore American energy independence. His measures not only target leasing of oil and gas operations on federal lands but puts the power in the hands of states to regulate fracking on federal land. The …

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Lawsuit challenges oil and gas lease sales in New Mexico’s Permian Basin

  A lawsuit was filed this week by conservation groups challenging the Biden administration’s approval of nearly 6,000 acres of oil and gas leases in New  Mexico’s share of the Permian Basin. The Interior Department approved the sales in May of 2021. Conservation group members from Carlsbad contend the department refused to reveal the costs …

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Senator’s bill would develop bigger EV charging network in Oklahoma

  A group encouraging development of an electric vehicle charging market in Oklahoma says legislation filed by a state senator is a big step toward removing existing market barriers to providing EV charging. The bill was filed by Sen. Chuck Hall of Perry while in the House, it will be carried by Rep. Kyle Hilbert …

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Is bankruptcy close at hand for nation’s largest owner of oil and gas wells?

  A report suggests the largest owner of oil and gas wells in the U.S. is close to bankruptcy and if that happens, there is the possibility that up to 70,000 oil and gas wells in Appalachia could be abandoned. Environmental Health News issued the report this week about Diversified Energy Company headquartered in Birmingham, …

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