March 10, 2023 archive

Crude oil made gains on Friday while OK energy stocks fell

  Crude oil prices managed a 1% gain in Friday’s trading while most Oklahoma energy stocks recorded losses for the day. The gain in crude prices came after U.S. employment data was better than expect. However, despite the 1% gain for the day, crude prices still fell more than 3% on the week because of …

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Marathon Oil finds 3 large gas wells in Grady County

  Three Grady County wells with combined natural gas output of more than 34,000 Mcf were reported by Marathon Oil Company. The company filed completion reports on the three Kem Ranch wells on a single pad located at 24 4N 6W, a site about 5 miles south of the town of Alex. The wells were …

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Completion reports for March 10, 2023

GRADY COUNTY Marathon Oil Company Woodford(15255): Oil 14 Gas 8328 Water 117 Flow 24 4N 6W Kem Ranch 0406 2-24-25wxh, May 31, 2022 HH, GAS, TD: 26086 ft Lat: 34.81142, Long: -97.78363 API: 35051248320001 Marathon Oil Company Woodford(15255): Oil 14 Gas 8328 Water 117 Flow 24 4N 6W Kem Ranch 0406 2-24-25wxh, May 31, 2022 HH, GAS, TD: 26086 ft Lat: 34.81142, Long: -97.78363 API: 35051248320001 Marathon …

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Permits to drill for March 10, 2023

Custer County COLLINS 6 OA #2H, March 10 2023 07 13N 16W NENENWNE API: 03922623 Lat: 35.62350934598497, Long: -98.93894225296562 MEWBOURNE OIL COMPANY HH, DR, 16727 ft, CHEROKEE(11600) Ellis County CAMDYN 20/29 #1H, March 10 2023 20 20N 25W NENENWNW API: 04523893 Lat: 36.201506740534754, Long: -99.89530656493437 UPLAND OPERATING LLC HH, DR, 19650 ft, CHEROKEE(8945) Garvin County DOUBLE J …

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Texas wants stronger insurance for its power grid

  Fixing the power grid in Texas—it’s what Lt. Gov. Dad Patrick and several state senators proposed in a bill that includes addressing infrastructure protections against physical attacks to mitigation planning. Their bill was introduced two years after the grid came close to a total collapse during the 2021 Winter Storm Uri. Senate Bill 6, a …

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New Mexico legislature toys with oil and gas industry tax credit

  The New Mexico legislature seems intent on offering a $12,000 tax credit for oil and gas operators in the state. Democrats joined a Republican-sponsored House Bill 350 which would provide the tax credit to those operators who install gas-capture devices reported the Carlsbad Current-Argus. If the tax credit is signed into law, it would …

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Cushing Hub’s oil storage declined in past week

  The amount of crude oil held in storage at the Cushing Hub in northern Oklahoma declined slightly in the past week according to the U.S. Energy Information Administration. The EIA reported the total of crude in storage as of March 3 of this year was 39.8 million barrels, down from the 40.7 million barrels …

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Keystone oil flow to Cushing Hub to remain unchanged

  Despite an order from the U.S. pipeline regulator, TC Energy’s Keystone pipeline and its oil flows won’t change. The 622,000 barrels of oil a day flow into the Cushing hub in northern Oklahoma will apparently remain the same since the line’s restart in late December 2022. The Pipeline and Hazardous Materials Safety Administration issued …

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Energy Department aggravates Rep. Lucas

  Oklahoma Congressman Frank Lucas is far from finished in his effort to learn more about the U.S. Energy Department’s awarding of a $200 million grant to a company with well-known ties to the Chinese Communist Party. He’s started to get tough with the department. In his capacity as the chairman of the House Science, …

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Kansas Bill Limiting Train Length Heard in Transportation Committee

If you’ve ever been stuck for a prolonged length of time east of Broadway on NW 13th Street, you will appreciate this post. Kansas has introduced legislation to limit the length of freight trains. Kansas State Sen. Mike Petersen (R-Wichita) is the author of Senate Bill 271 which would limit trains to a length of …

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