February 2023 archive

State Senator wants renewable energy land leases unitized to be more equitable

  A bill before the Oklahoma legislature would unitize wind and solar farm leases much the way unitization is implemented for oil and gas production. It might result in changes to the way Oklahoma landowners are paid for such renewable energy leases. SB770 was filed by Oklahoma City Democratic Sen. Carri Hicks and if approved, …

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Basket of broadband expansion bills to be handled by Oklahoma legislators

  The effort to expand broadband service in Oklahoma has the attention of state legislators as they are set to consider at least 10 bills directly related to broadband expansion in the state. The bills include HB1965 filed by Rep. Carl Newton of Cherokee. His bill would allow existing electric provider easements to also be …

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Money-raising effort by Canoo results in dropping share prices

  An announcement by electric vehicle startup Canoo, the company with a plant in Pryor and plans for another in Oklahoma City, that it agreed to sell discounted shares to raise $52.5 million sent shares sharply lower on Monday and again on Tuesday. Prices closed at $1.09 on Monday, down more than 12%. This was …

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Colorado Governor to state agencies—do something about high utility bills

  The same soaring prices for natural gas and fuels that resulted in challenging utility bills in Oklahoma prompted one governor to order a state agency to do something about it. While those same increased bills and assistance were not mentioned in Oklahoma Governor Kevin Stitt’s State of the State Address on Monday, Colorado Gov. …

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Federal highway grant to help reduce traffic fatalities in OKC

  With the help of a new $800,000 grant from the U.S. Department of Transportation, Oklahoma City will focus on the reduction of fatalities on city streets. KOKH Fox 25 News reports the grant is part of the DOT’s bipartisan safe streets and roads for all program. Click here for Fox 25 News

Rep. Lucas acts to stop new WOTUS rule

  Oklahoma congressman Frank Lucas has put his opposition to new WOTUS rules into action by  introducing a joint resolution of disapproval under the Congressional Review Act (CRA) on the Biden Administration’s “Waters of the United States” (WOTUS) rule. The western Oklahoma farmer and rancher joined other leaders in the House this week in taking the …

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NOG announced increased dividend despite impact of December severe weather

  Despite severe weather problems in the fourth quarter, Northern Oil and Gas, Inc. announced a cash dividend in the amount of 34 cents per share, a 13% increase from the previous quarter. The increased dividend will be payable on April 28. At the same time, company management indicated it will submit a recommendation to …

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Headlines

** California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills. Newsom, a Democrat, asked the Federal Energy Regulatory Commission in a letter to look into whether market manipulation, anticompetitive behavior or other activities have driven up the cost of …

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Permits to drill for February 6, 2023

Canadian County JABRONI 13_12-13N-8W #2MHX, February 06 2023 24 13N 8W SWNWNENW API: 01725917 Lat: 35.593367844286114, Long: -98.00726236706926 PALOMA OPERATING CO INC HH, DR, 21000 ft, MISSISSIPPIAN(9160) Johnston County BARNES #8-3H, January 24 2023 05 4S 4E SWSWSESW API: 06920200 Lat: 34.2312790083619, Long: -96.91051360267406 BNK PETROLEUM (US) INC HH, AM, 14500 ft, CANEY(9095)

Completion reports for February 6, 2023

CARTER COUNTY Yale Oil Association Inc Viola(10480): Oil 9 Water 170 Pump 34 5S 2W Maywalker 3-34, August 31, 2022 null, OIL, TD: 11805 ft Lat: 34.07657, Long: -97.39739 API: 35019264810000 MCCLAIN COUNTY Cprp Services Llc Woodford(11220): Oil 456 Gas 563 Water 976 Gas Lift 28 6N 4W Coop 0604 33-04 2wxh, December 09, 2022 HH, OIL, TD: 19826 ft Lat: 34.95770, Long: -97.62745 API: 35087223610000 …

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