April 3, 2023 archive

Permits to drill for April 3, 2023

Canadian County BOO BEAR 31_30_19-13N-6W #2MHXL, April 03 2023 31 13N 6W SWSENWSW API: 01725943 Lat: 35.55527099267827, Long: -97.8846535944659 PALOMA OPERATING CO INC MU, DR, 24000 ft, MISSISSIPPIAN(8500) Canadian County LION 16_9_4-14N-9W #6HXX, April 03 2023 16 14N 9W NWSWSWNE API: 01725942 Lat: 35.690705964357655, Long: -98.16218712713405 DEVON ENERGY PRODUCTION CO LP MU, DR, 23506 ft, WOODFORD(10973) Canadian …

Continue reading »

Completion reports for April 3, 2023

ELLIS COUNTY Duncan Oil Properties Inc Cleveland(8838): Oil 429 Gas 1238 Water 554 Gas Lift 20 19N 25W Dld Farms 2-20hx, January 17, 2023 HH, OIL, TD: 16540 ft Lat: 36.10665, Long: -99.88378 API: 35045238740000 HARPER COUNTY Marjo Operating Mid-continent Llc Lansing-kansas City: 13 27N 22W Brawner 3-13, January 25, 2023 null, INJ, TD: 5535 ft Lat: 36.81768, Long: -99.52913 API: 35059214470001 HUGHES …

Continue reading »

Leadership changes announced at Gulfport Energy

  Changes of corporate officers were announced Monday at Oklahoma City’s Gulfport Energy Corporation. Michael Hodges was named Executive Vice President and Chief Financial Officer while William “”Bill” Buese will transition from the CFO role. Buese will serve as an advisor to the Company until May 3, 2023. John Reinhart, Gulfport’s Chief Executive Officer commented, …

Continue reading »

OK energy stocks gained up to 12% as crude oil rose 6% following OPEC+ production cut

  Crude oil prices and Oklahoma energy stocks soared in value in Monday’s trading after OPEC+ stunned markets with announced intentions to cut more production. Prices rose 6% while OK energy stocks gained as much as 11% and 12% in several instances. Investors apparently are worried that crude oil supplies will tighten following the decision …

Continue reading »

Increasing gasoline prices reported across Oklahoma

  Gasoline prices are on the increase in Oklahoma and the U.S. and some analysts predict we’ll pay $4 to $5 a gallon this summer. Oklahoma’s up $3.08 a gallon, an increase of 7 cents in the past w eek while nationally the average also gained 7 cents to reach $3.50 per gallon. GasBuddy says …

Continue reading »

Commissioner Anthony makes blistering attack over failure to investigate natural gas costs

  Oklahoma Corporation Commissioner Bob Anthony repeated his call for independent experts to review the 2021 Winter Storm Uri fuel costs claimed by PSO and ONG, and at the same time told his fellow Commissioners they were wrong in claiming the agency lacked such investigative powers. He also suggested $3 billion in fuel costs were …

Continue reading »

High fire dangers still exist this week in Oklahoma

  Just because the winds aren’t expected this week to be close to the 75 mile an hour wind gusts that fanned dust storms and wildfires last week in Oklahoma, doesn’t mean there will be any less concern for wildfires. After 36 homes were destroyed by fires on Friday north of Edmond, the Oklahoma Forestry …

Continue reading »

Colorado oil and gas exploration remains behind pre-COVID-19 pandemic activity

  Over the past two years, the oil and gas drilling activity in Colorado rebounded but remains below the amount of exploration that was performed before the COVID-19 pandemic. At last count, there were 19 active drilling rigs in the state according to Baker Hughes. Colorado has faced challenges in expanding its oil and gas …

Continue reading »

Turnpike Authority to be briefed on investigative audit move by Attorney General

  The Oklahoma Turnpike Authority will consider Tuesday the move by State Attorney General Gentner Drummond to carry out an investigative audit of the giant transportation agency. The item is one of many on the agenda for the meeting of the Authority. Director Tim Gatz is expected to give an update about the AG’s decision …

Continue reading »

Other brief energy stories

** Tesla Inc. notched another record quarter of vehicle deliveries by a slim margin after cutting prices across its lineup early this year, suggesting orders may have slowed after an initial surge in demand. ** States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as …

Continue reading »