February 3, 2023 archive

Permits to drill for February 3, 2023

Dewey County TERRY R NICHOLS #1-28H, December 21 2022 33 18N 18W NWNWNENW API: 04323771 Lat: 35.999531619976764, Long: -99.128268618246 DUNCAN OIL PROPERTIES INC HH, AM, 14200 ft, CLEVELAND(8859) Dewey County LADENA #1-25H, February 03 2023 36 16N 20W SENWNENW API: 04323775 Lat: 35.82555998032508, Long: -99.2817076259676 DUNCAN OIL PROPERTIES INC HH, DR, 15100 ft, CLEVELAND(9627) Ellis County BAILEE …

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Completion reports for February 3, 2023

MCCLAIN COUNTY Cprp Services Llc Woodford(11177): Oil 612 Gas 738 Water 742 Gas Lift 28 6N 4W Coop 0604 33-04 3wxh, December 09, 2022 HH, OIL, TD: 19570 ft Lat: 34.95765, Long: -97.62745 API: 35087223620000

Rig numbers tumbled in past week while Oklahoma held steady

  Baker Hughes Co. reported a loss of 12 active oil and gas rigs in the past week as the nation’s count fell to 759. Oklahoma’s count remained at 64 and was unchanged from thee previous week reported the well-servicing company. A year ago, the state had 50 active rigs. The U.S. decline included a …

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Crude oil dropped 3% on Friday and OK energy stocks had a weak day

Three-week lows were recorded Friday by crude oil prices following word of a strong U.S. jobs market and the result of higher interest rates. Oklahoma energy stocks suffered moderate losses in the trading. West Texas Intermediate crude fell 3.3% or $2.49 per barrel to settle at $73.39, its lowest mark since Jan. 5 on the …

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Oklahoma AG to sue Biden administration over lesser prairie chicken designation

Oklahoma Attorney General Gentner Drummond announced Friday his intent to file a lawsuit against the Biden administration if it does not withdraw a rule by the U.S. Fish and Wildlife Service (USFW) that designates the lesser prairie chicken as a threatened species. The rule, which is scheduled to take effect March 27, would place burdensome …

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Consumers’ anger grows over mounting utility bills in Oklahoma

  We’ve reported on the growing complaints of Oklahomans over their utility bills and how costs passed along by some of the state’s most powerful utilities were approved by state regulators following the 2021 Winter Storm Uri. Now The Oklahoma Watch reported there is growing anger over how the utilities were able to extend those …

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Kansas to sue Biden administration over lesser prairie chicken decision

  The Biden administration’s plans to list the lesser prairie chicken as a “threatened” species prompted Kansas Attorney General Kris Kobach to say he will file suit over the move. Kobach contends the administration’s move is not only illegal but potentially devastating to landowners and businesses in Kansas reported the Kansas Reflector. The decision by …

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Court rules against drilling permits around Chaco tribal sites in New Mexico

  The Tenth U.S. Circuit Court of Appeals ruled in support of environmentalists who challenged the government decision to grant 200 drilling permits around New Mexico’s Chaco Culture National Historical Park. The Denver-based court said the U.S. government failed to consider the cumulative effects of greenhouse gas emissions from the drilling. A three-judge panel ruled …

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Magellan Midstream forecasts jump in crude oil transportation from Permian to Houston

  Crude oil flows from the Permian Basin will move toward Houston as shale production increases and lines are filled connecting the basin to export hub Corpus Christi according to a prediction by Tulsa’s Magellan Midstream Partners LP. The company’s own fourth quarter transportation grew by 47% to more than 65 million barrels according to …

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Gas cars cheaper than EVs per new study

  A new study by Anderson Economic Group contends that in 2022, it was cheaper to drive a gasoline-powered car compared to an electric vehicle. 2022’s final quarter brought relief at the pump for drivers of traditional Internal Combustion Engine (ICE) vehicles as the cost to drive 100 miles dropped by more than $2. With …

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