April 19, 2023 archive

Completion reports for April 19, 2023

CUSTER COUNTY Continental Resources Inc Mississippian(13108): Oil 13 Gas 24188 Water 1072 Flow 35 15N 14W Kaiser Vaugh 2-35-2-11xhm, January 22, 2023 HH, GAS, TD: 28362 ft Lat: 35.73920, Long: -98.66146 API: 35039226030001 STEPHENS COUNTY Continental Resources Inc All Zones Producing: Oil 431 Gas 457 Water 4890 Flow 26 1N 4W Leon 2-26-23-14xhm, September 19, 2022 HH, OIL, TD: 18497 ft Lat: 34.52941, Long: -97.59152 API: 35137276690000

Permits to drill for April 19, 2023

Garvin County LILY #1-29-20GXH, April 19 2023 32 4N 4W SENENWNW API: 04925419 Lat: 34.78144683955471, Long: -97.64752889256913 RIMROCK RESOURCE OPERATING LLC MU, DR, 20200 ft, GODDARD(12300) Kingfisher County LINCOLN SOUTHEAST OSWEGO UNIT #35-3HO, April 19 2023 17 17N 5W SESESWSE API: 07327000 Lat: 35.94180818145109, Long: -97.75226569443674 BCE-MACH III LLC HH, DR, 11694 ft, OSWEGO(6318)

Another drop in crude oil prices and Oklahoma energy stocks

Crude oil prices dropped nearly 2% to a two-week low in Wednesday’s trading and the majority of Oklahoma energy stocks followed suit. The strengthening of the dollar caused the decline, despite a sharp drop in U.S. crude inventories. West Texas Intermediate crude for May delivery dropped 2.1% or $1.70 per barrel to settle at $79.16 …

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Buried agenda items reveal $6 billion in requests by ONG, OGE and PSO

  On the surface, it would appear the Thursday morning special meeting of the Oklahoma Corporation Commission would be routine, normal and certainly nothing out of the ordinary. Far from it. Buried in the agenda under the innocuous-appearing 24-hour signing agenda are items that could end up costing taxpayers and consumers a lot of money. …

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Baker Hughes reports increased earnings and revenue

  Increased earnings and revenue were the order of the day for Houston-based Baker Hughes Co. The company, with major operations throughout Oklahoma, reported an 18% increase in first quarter revenue of $5.7 billion while adjusted operating income rose $160 million to reach $438 million. Cash flows generated from the company’s operating activities were $461 …

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Trucking giant J.B. Hunt in the middle of a “freight recession” as revenues drop

  Trucking firm J.B.. Hunt proclaimed this week it is in the middle of a “freight recession.” Leaders of the Arkansas-based truck line, whose trucks can be seen daily on Oklahoma interstates and highways, had earlier forecast a freight rebound this year. But it didn’t happen. Transport Drive reported Hunt’s revenue fell 7% in the …

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Senator Mullin says Biden put politics over American energy prosperity

  “The Biden administration prioritizes politics over American prosperity.” That’s the “in-your-face” assessment by Oklahoma U.S. Sen. Markwayne Mullin. Writing recently in the Washington Times, the Republican Senator charged the administration “has been gas-lighting our domestic energy producers for the past two years.” He accused the White House of using “faulty statistics” to justify its …

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Oklahoma Senate supports bill preparing for disposal of wind farm blades

  A bill designed to put strict requirements on wind turbine blade disposal operators won nearly a unanimous support in the Oklahoma Senate. House Bill 2359 was approved Wednesday on a vote of 46-1 with the lone opposing vote coming from Sen. Nathan Dahm. The bill already received unanimous support in the House on a …

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FERC denies Southwest Power Pool plan for self-funding of transmission line improvements

  Efforts by the Southwest Power Pool to standardize a pathway for transmission owners to build and profit from network upgrades were rejected recently by the Federal Energy Regulatory Commission. Oklahoma is a member of the Power Pool. The plan was opposed by the American Clean Power Association which argued utility self-funding could lead to …

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Forced pooling the target of reforms in Colorado

  Forced pooling, such as exists in Oklahoma, is getting more attention in Colorado where some lawmakers are seeking to reform the process. Some of the state’s lawmakers want more transparency in the process and a bill to do so will face a public hearing this week before a Senate committee. The bill has its …

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