February 2023 archive

New Mexico legislators prepare to exit dependence on oil and gas industry

  New Mexico, the state that loves the hundreds of millions of dollars brought into the state fund through oil and gas production, is toying with the idea of a new state agency to move the state away from dependence on the industry. After all, New Mexico is the second highest-producing oil state in the …

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Permits to drill for February 9, 2023

Kingfisher County LINCOLN SOUTHEAST OSWEGO UNIT #32-3HO, February 09 2023 09 17N 5W SWSWSESW API: 07326977 Lat: 35.95633433714495, Long: -97.74187721720754 BCE-MACH III LLC HH, DR, 11630 ft, OSWEGO(6134) Noble County GRACE #57, January 09 2023 17 24N 1W CSESENE API: 10324791 Lat: 36.55824755465599, Long: -97.31975798418776 DONRAY PETROLEUM LLC SH, AM, 3500 ft, HOOVER(2000), TONKAWA(2550), COTTAGE GROVE(3350) Noble …

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Completion reports for February 9, 2023

BLAINE COUNTY Devon Energy Production Co Lp All Zones Producing: Oil 830 Gas 8140 Water 1811 Flow 20 15N 10W Cheetah 29_32-15n-10w 5hx, November 17, 2022 HH, OIL, TD: 21800 ft Lat: 35.75494, Long: -98.28631 API: 35011242990000 Marathon Oil Company Mississippi(11817): Oil 1632 Gas 14952 Water 2712 Flow 30 15N 11W Alta Bia 1511 4-31-30mxh, November 20, 2022 HH, OIL, TD: 22346 ft Lat: 35.75313, Long: …

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Improved earnings reported by NGL Energy Partners LP

  Tulsa’s NGL Energy Partners LP has turned around its financial shape, going from a net loss of $19 million in the third quarter 2022 to $59 million net income in the firm’s Fiscal 2023 year. Net income for the first nine months of the company’s Fiscal 2023 year was $85.7 million, again far better …

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Rep. Lucas hands out House Science Committee assignments

  House Science, Space, and Technology Committee Chairman Frank Lucas (R-OK) announced the rosters and leadership of each subcommittee. “With our subcommittees organized, we can begin the important legislative and oversight work ahead of us. We’ll be taking action to shore up U.S. leadership in space, improve our weather forecasting and environmental observation, build up …

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Cause of Keystone pipeline leak in Kansas revealed by TC Energy

  TC Energy revealed the cause of the 55,000 barrel crude oil leak from its Keystone Pipeline in Kansas was a faulty weld and “bending stress fatigue” on the pipe. The Canadian company said it determined the cause through an independent lab analysis on the failed section of the 2,687-mile line reported ABC News. Click …

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Enverus—rig numbers continue to decline across the nation

  The U.S. rig count had its high point at 853 during the week ended Feb. 8, falling by four from the previous week’s peak, according to Enverus Foundations data. The count is down 2% from a month ago and up 14% YOY. All numbers discussed are weekly peaks to avoid the sometimes wide variability …

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Williams executives to be featured speakers at CERAWeek in Houston

  Williams President and Chief Executive Officer Alan Armstrong will be among the featured speakers at the approaching CERAWeek to be presented by S&P Global in Houston. He will speak Wednesday, March 8 at the 41st annual CERAWeek, joining the world’s energy industry leaders, experts, government officials and policymakers. Two other executives of Williams will …

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Crude oil prices fell Thursday and so did most Oklahoma energy stocks

  The growth of U.S. oil inventories along with continued worries by investors of Federal Reserve rate hikes sent crude oil prices down on Thursday. Some Oklahoma energy stocks lost nearly 11% in the day’s trading. West Texas Intermediate crude dropped 41 cents or 0.5% to close at $78.06 a barrel on the  New York …

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Annual meeting of Oklahoma Energy Producers Alliance to be held in March

  The 6th annual meeting of the Oklahoma Energy Producers Alliance will be held Thursday, March 23 in Oklahoma City. It will begin with a welcome reception that evening at the Parlor, 11 NE 6th street starting at 6 o’clock. The meeting will follow on Friday morning at 8:30 a.m. at the Embassy Suites Hotel, 741 …

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