February 2, 2023 archive

Permits to drill for February 2, 2023

Canadian County ED HALEY 15-13N-9W #3H, February 02 2023 15 13N 9W NESWSWSE API: 01725913 Lat: 35.59573930761585, Long: -98.1438303798623 DEVON ENERGY PRODUCTION CO LP HH, DR, 16727 ft, WOODFORD(11924) Canadian County ED HALEY 15-13N-9W #6H, February 02 2023 15 13N 9W NESWSWSE API: 01725916 Lat: 35.59573931382226, Long: -98.14372947657478 DEVON ENERGY PRODUCTION CO LP HH, DR, 16665 ft, …

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Completion reports for February 2, 2023

CREEK COUNTY Luke Oil Company Atoka Dutcher(3164): Oil 5 Water 60 Swabbin G 23 16N 8E Deere 4a, September 21, 2022 SH, OIL, TD: 3511 ft Lat: 35.85179, Long: -96.42930 API: 35037294880000

Crude oil prices dropped Thursday—so did OK energy stocks

A strengthened dollar made crude more expensive for overseas buyers, thus causing crude oil prices on Thursday to settle lower. West Texas Intermediate crude dropped 53 cents or 0.7% to $75.88 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude fell 67 cents or 0.8% to settle at $82.17 a barrel on …

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Report shows decline in US rig count

  The latest U.S. rig count reported by Enverus Foundations showed a drop of five or 1% in the past week. It included a decline of four rigs to 73 in the Anadarko Basin. The U.S. rig count reached 867 during the week ended Feb. 1, falling by five from the previous week, according to …

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Lankford blames WOTUS fight on Biden’s climate-change extremism

  Oklahoma U.S. Sen. James Lankford is among those doubling down in the fight against the Biden administration’s new definition of WOTUS rules. And he’s blaming the fight on the President’s climate-change extremism. He joined Sen. Shelley Moore Capito, Republican from West Virginia in introducing a formal challenge to the rule through a Congressional Review …

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Big revenue gains for ConocoPhillips

  Not only did ConocoPhillips see a major gain in fourth-quarter 2022 earnings, but its full-year earnings were more than double the previous year. The company reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. Excluding special items, fourth-quarter 2022 adjusted …

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Lucas and Comer want to know more about Russian hacking attempt at US labs

  Oklahoma Congressman Frank Lucas along with Kentucky Rep. James Comer figure it’s about time Energy Secretary Jennifer Granholm comes clean on  how three DOE National Laboratories were targeted by a Russian hacking team last summer. Lucas and Comer wrote a letter wrote a letter to Granholm calling for all documents and communications related to …

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JP Morgan buys up forestland in Oklahoma and 2 other states

(aerial shot of Campbell Global property in Oklahoma)   An estimated 250,000 acres of forestland in Oklahoma, Arkansas and Mississippi were acquired by J.P. Morgan Global Alternatives as part of the firm’s push for climate improvements. The $500 million purchase, according to Morgan’s announcement was made with a goal of carbon capture and wood production. …

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Colorado oil company threatened by state with loss of right to do business

  Colorado oil and gas operator K.P. Kauffman is described as a “violation-plagued” firm and now the state is threatening to yank its ability to do business there unless it pays $1.9 million in fines and cleans up 78 production sites. The Colorado Sun reports Kauffman’s ability to sell oil and gas has already been …

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Hamm predicts growth in oil and gas industry

  Harold Hamm, Executive Chairman, Continental Resources, provided his thoughts on what the future holds for the U.S. energy industry, and the challenges and importance of domestic energy production, during a sold-out luncheon last week at the Hamm Institute for American Energy in Oklahoma City. “The workforce is the backbone of our industry,” Hamm said …

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