February 17, 2023 archive

New gas well in southeast Oklahoma for Calyx Energy III

    Tulsa-based Calyx Energy III LLC continued with its success of natural gas wells in southeastern Oklahoma. It filed a completion report this week on a Pittsburg County gas well that produced 11,628 Mcf of natural gas. The Albatross 2-3-27wh, completed in November 2022, is located at 3 7N 13E, a site north of McAlester …

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Completion reports for February 17, 2023

CARTER COUNTY Yale Oil Association Inc Viola(10480): Oil 9 Water 170 Pump 34 5S 2W Maywalker 3-34, August 31, 2022 SH, OIL, TD: 11805 ft Lat: 34.07657, Long: -97.39739 API: 35019264810001 MAJOR COUNTY Comanche Exploration Co Llc Mississippian(7971): Oil 342 Gas 313 Water 1311 Gas Lift 20 20N 14W Fortune 20 1h, September 30, 2022 HH, OIL, TD: 13604 ft Lat: 36.18851, Long: -98.70925 API: 35093252730000 …

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Permits to drill for February 17, 2023

Ellis County JACOB 33/4 DM #3H, February 17 2023 33 18N 24W NWNWNENW API: 04523889 Lat: 35.99844118573895, Long: -99.7687320077143 MEWBOURNE OIL COMPANY MU, DR, 20701 ft, CHEROKEE(10300) Grady County STMU #5-5-5, February 17 2023 08 3N 5W NWSENWNW API: 05125011 Lat: 34.75215829094504, Long: -97.75390132825233 MACK ENERGY CO DH, DR, 11414 ft, MORROW SUBTHRUST(10601) Grady County STMU #5-5-4, …

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OK energy stocks took a hit on Friday as crude oil dropped

  Not only did crude oil prices fall on Friday, so did most Oklahoma energy stocks as investors showed signs of increased concern the Federal Reserve will get more aggressive with interest rate hikes. West Texas Intermediate crude finished down 2.74% on a decline of $2.15 a barrel to close at $76.34 on the New …

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Rig counts—up in Oklahoma and down nationwide

  Oklahoma’s rig count grew by one in the past week to reach a total of 64 rigs breaking the horizon in search of oil and gas. Baker Hughes Co. reported on Friday the national rig count fell by one to 760. The decline included a loss of 2 oil rigs, leaving 607 across the …

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Williams and Chevron reach deal for increased natural gas production

  Williams announced that it has executed agreements with Chevron U.S.A. Inc. to support natural gas development in the prolific Haynesville Basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication while Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy …

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Devon plans to focus on where the oil is—the Delaware Basin

  After reporting a historic cash flow in 2022, Oklahoma City’s Devon Energy made it clear where it intends to invest most of its capital and efforts in 2023—The Delaware Basin. Specifically, New Mexico’s side of the Basin. In its recent fourth quarter financial results report, Devon stated it had average production of 407,000 Boe …

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House Transportation Committee to consider legislative bills

  From school buses to motorcycles, the Oklahoma House Transportation Committee will meet Tuesday to consider four bills. During the 1:30 p.m. meeting, members will consider HB1067, a bill introduced by Rep. Josh West. He wants the Oklahoma Turnpike Authority to exempt school buses and law enforcement from paying tolls on turnpikes in the state. Another …

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Cherokee Nation to use $34 million grant to build larger broadband network

  The Cherokee Nation in eastern Oklahoma plans to leverage a nearly $34 million federal grant to build 240 miles of new fiber backbone in the area it serves in the state. The Broadband Infrastructure Development project, funded with an award of $33,946,876.75 will result in the installation of fiber and wireless technology directly connecting …

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Environmentalists pressure BlackRock to eliminate fossil fuel investments

  BlackRock Inc., the company that became the poster boy after it discriminated against investments in oil and gas firms, faced more pressure this past week from environmentalists to exit investments in fossil fuels. BlackRock’s actions prompted the  Oklahoma legislature to adopt last year the Energy Discrimination Elimination Act. During the financial conference where BlackRock …

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