March 7, 2023 archive

Rate hike talk results in big crude oil price drop and OK energy stocks fell too

  Crude oil prices took a mean hit on Tuesday, tumbling by $3 a barrel after U.S. Fed chairman Jerome Powell’s comments about the economy simply fueled rate hike fears. West Texas Intermediate crude nose-dived by $2.88 a barrel or 3.6% to close at $77.58 on the New York Mercantile Exchange. Brent crude fell even …

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Permits to drill for March 7, 2023

Ellis County MELISSA Y 24-13-18N-24W #1H, March 07 2023 25 18N 24W NWNENWNW API: 04523892 Lat: 36.013091284679646, Long: -99.71821824127602 UPLAND OPERATING LLC MU, DR, 20650 ft, CHEROKEE GROUP(9665), CHEROKEE(9665) Grady County CKSMOU #8-7-1, March 07 2023 08 3N 5W SESENWNE API: 05125018 Lat: 34.7513311965502, Long: -97.74402582841871 MACK ENERGY CO DH, DR, 11641 ft, MORROW SUBTHRUST(11007) Grady County …

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Completion reports for March 7, 2023

DEWEY COUNTY Mewbourne Oil Company Skinner(9040): Oil 135 Gas 669 Water 2555 Flow 1 17N 18W Krows 36/25 Oj 1hs, December 20, 2022 HH, OIL, TD: 16995 ft Lat: 35.98493, Long: -99.06670 API: 35043237620000 ELLIS COUNTY Mewbourne Oil Company Cherokee(9700): Oil 709 Gas 1330 Water 2066 Flow 5 18N 24W Thelma 8/17 Dm 3h, September 25, 2022 HH, OIL, TD: 20295 ft Lat: 36.05882, Long: -99.78707 …

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AERO says failed deregulation bill raised the conversation

  While the electric deregulation bill authored by Edmond State Rep. Ryan Martinez is dead this legislative session, his efforts were still praised by the Alliance for Electrical Restructuring in Oklahoma. AERO’s executive director Mike Boyd praised Martinez for being willing to introduce a serious policy proposal to restructure the state’s electricity market by introducing …

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Love’s founder Tom Love dead at 85

    The man who founded Love’s Travel Stops & Country Stores, Tom Love died this week. He was 85 and his nationwide firm he started in 1964 released a statement confirming his death. “Tom Love was a man of conviction who never wavered from the principles of honesty and integrity in the 59 years …

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Bice introduces BLM bill to cut Biden administration’s red tape

  Congresswoman Stephanie Bice (R-OK) introduced the Bureau of Land Management (BLM) Mineral Spacing Act this week, a measure she says would cut red tape created by “stifling regulations from the Biden administration.” The bill would streamline and improve the permitting process for energy development, remove duplicative regulations, and better respect the rights of private …

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Oklahoma House okays bill targeting disposal of wind farm blades

  A bill requiring financial security by a renewable energy recycling operation won support this week in the Oklahoma House of Representatives. HB 2359 targets businesses that might dispose of or recycle wind turbine blades and was passed in the House on a 93-0 vote after its title was struck in committee. The measure will …

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Lawsuit filed against Gulf of Mexico oil drilling leases

  Environmentalists resorted to a lawsuit this week in a move to stop the Biden administration from opening up more than 73 million acres of the Gulf of Mexico to oil drilling. Several groups filed a federal court legal challenge to the Department of Interior’s sale of oil and gas leases in unleased areas about …

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New wells in northwest Oklahoma

    Mewbourne Oil Company, the firm headquartered in Tyler, Texas, reported completions of two oil wells in northwest Oklahoma near the town of Arnett. The Terryn 8/17 Cn 1h, located at 5 19N 25W which is 7 miles west of Arnett, produced 675 barrels of oil a day and 1,248 Mcf of natural gas …

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Wind farm planned for Nowata County in NE Oklahoma

  A new wind farm is planned in northeast Oklahoma near the state line with Kansas. Apex Clean Energy plans to lease 45,000 acres of Nowata County land  for the Hickory Creek Project which will entail between 100 and 150 wind turbines along with solar and battery components reported News on 6 TV News. The project will …

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