April 5, 2023 archive

Permits to drill for April 5, 2023

Kingfisher County LINCOLN NORTH UNIT #94-4HO, March 31 2023 05 17N 5W SWSWSESW API: 07326995 Lat: 35.9712347679977, Long: -97.76043190286596 BCE-MACH III LLC HH, AM, 11698 ft, OSWEGO(6190) Kingfisher County LINCOLN NORTH UNIT #94-3HO, March 31 2023 05 17N 5W SWSWSESW API: 07326996 Lat: 35.971234765234854, Long: -97.76036093760379 BCE-MACH III LLC HH, AM, 11690 ft, OSWEGO(6189) Mcclain County SACRED …

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Completion reports for April 5, 2023

STEPHENS COUNTY Continental Resources Inc All Zones Producing: Oil 309 Gas 303 Water 5437 Flow 26 1N 4W Leon 3-26-23-14xhm, September 18, 2022 HH, OIL, TD: 20240 ft Lat: 34.52202, Long: -97.58204 API: 35137276700001 TEXAS COUNTY Merit Energy Company Chase(2600): Water 37 23 4N 12E Rainman 23 #3, August 30, 2022 SH, GAS, TD: 3150 ft Lat: 36.79455, Long: -101.74090 API: 35139234230001 Merit Energy …

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Possible settlement is made over fight against PSO’s $2.4 billion renewable energy plan

  The $2.47 billion renewable energy plan proposed by Public Service Company didn’t go through the regulatory process as smoothly as some expected. It ran into opposition. However, an apparent settlement stipulation has been reached by some of the groups that opposed the utility’s request for cost recovery approval from the Corporation Commission. A Thursday …

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Salary set for new Oklahoma Broadband Office director

  The governor’s hand-picked director of the Oklahoma Broadband Office will be paid $180,000 a year according to a report published by NonDoc. The online news service reported the governing board of the Office voted recently to offer Mike Sanders the $180,000 even though the salary range extended up to $205,000. Sanders will officially assume …

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Crude oil prices were mixed in Wednesday’s trading

  Mixed crude prices were recorded Wednesday with US crude falling and Brent making a slight gain. All the while, Oklahoma energy stocks performed solidly with modest gains. Signs of economic softness against the U.S. stock draw-down led to the mix of crude prices. West Texas Intermediate crude dropped 0.12% to close at $80.61 a …

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Mullin makes first statewide tour as U.S. Senator for Oklahoma

  Oklahoma U.S. Sen. Markwayne Mulling launched his first statewide tour of the state this week as Oklahoma’s freshman senator who replaced Jim Inhofe last fall. Mullin traveled to Guymon and Boise City in the Panhandle. He  began his inaugural trip alongside Guymon mayor Kim Peterson, visiting with local residents and city officials at a …

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Cushing sees a 1 million barrel decline in crude oil storage

  Rising crude oil prices  that came about following the production cut decision by OPEC+ has resulted in more crude oil being transported out of the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported Wednesday that Cushing’s total amount in storage had slipped 1 million barrels in the week’s period from March 24 …

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Brent crude oil price basket now includes U.S. crude oil

  West Texas Intermediate crude oil pricing has been added to mix of crude oil grades that make up Dated Brent prices. The announcement, according to the U.S. Energy Information Administration came this week. Declining production of the five North Sea crude oil grades in the Dated Brent benchmark has prompted the price reporting agency …

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Supreme Court overturns regulators in electrical service battle

  In a split decision, the Oklahoma Supreme Court ruled against the Oklahoma Corporation Commission in a case involving OG&E’s power into the service territory of CKenergy Electric Cooperative, Inc. The ruling came on a 5-3 decision with one justice disqualifying himself over the 2018 decision of the Corporation Commission to stop OG&E from extending …

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Rep. Hern—end the bureaucracy and let energy production grow

  Oklahoma Congressman Kevin Hern made another call this week for the Biden administration to remove burdensome roadblocks to expand America’s energy independence. In a column released by Rep. Hern, he said the permitting process is the first step. “In order to compete with a fast-paced world, we cannot let pointless bureaucracy slow us down,” …

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