After reporting nearly $749 million in net income in the fourth quarter, Oklahoma City-based Gulfport Energy Corporation plans to release its first quarter earnings report May 2. The company said the release will be on that Tuesday after the market closes. A teleconference and webcast will be held the next day, Wednesday, May 3 …
April 2023 archive
Devon Energy makes first investment in renewable energy
Oklahoma City’s Devon Energy just made its first step into investing in renewable energy and it did so with a $10 million investment of geothermal energy. The investment was with Fervo Energy, the next-generation leader in geothermal technology. The investment initiates a partnership between two technical leaders and applies Devon’s 50-plus years of innovation in …
Latest wells to be reported by drilling companies in the state
Here is a review of some of Oklahoma’s latest wells to be reported by energy companies. Calyx Energy III LLC of Tulsa filed a completion report on another eastern Oklahoma gas well. The Jasmine 3-28-33wh, located in Hughes County and southeast of Wetumka at 28 8N 12E , produced 1,346 Mcf of natural gas …
Energy headlines from the US and the world
** A Michigan GOP state lawmaker is asking Congress to demand all “federal resources available” to investigate whether Gotion High-tech, a Chinese energy company with U.S. subsidiaries, is doing business or attempting to do business with enemies of the United States. ** A Nevada county rescinds a geothermal energy company’s exploratory drilling permit in the Black Rock …
Completion reports for April 18, 2023
BECKHAM COUNTY Unbridled Resources Llc Granite Wash Up (mo)(10700): Oil 480 Gas 1260 Water 748 Flow 21 11N 26W Blevins 16×9-11-26 1hc, October 16, 2022 HH, GAS, TD: 19994 ft Lat: 35.42042, Long: -99.95446 API: 35009219980003 CREEK COUNTY Enterprise Energy Exploration Inc Bartlesville(2913): Oil 2 Gas 25 Pump 11 18N 7E Badger 4a, February 02, 2023 SH, GAS, TD: 3404 ft Lat: 36.05646, Long: -96.53603 …
Permits to drill for April 18, 2023
Garvin County LILY #2-29-20GXH, April 18 2023 32 4N 4W SENENWNW API: 04925160 Lat: 34.781504537499444, Long: -97.64752889009985 RIMROCK RESOURCE OPERATING LLC MU, DP, 19100 ft, GODDARD(11700) Garvin County BLACK BEAR ##1 SWD, April 18 2023 30 1N 3W NENESWNW API: 04925417 Lat: 34.531675155514606, Long: -97.55892827870214 CONTINENTAL RESOURCES INC SH, DR, 5898 ft, MARKHAM(4332), ALDRIDGE(4762), HUMPHREYS(5306), SIMS(5563) Grady …
Crude oil held steady in Tuesday’s trading
Tuesday brought weak changes in crude oil prices as investors learned of positive economic data about No. 2 oil consumer China. It dampened some existing worries that U.S. interest rates could be raised in the coming weeks. West Texas Intermediate crude closed up 3 cents or 0.04% at $80.86 a barrel in trading on …
Improved auto dealers bill sent to Gov. Stitt
Only the governor’s signature stands in the way of a bill that its principal author, Rep. Mike Dobrinski, R-Okeene, says will modernize Oklahoma’s automobile franchise laws in the state. Senate Bill 593, which passed the House with a vote of 97-0, is the culmination of several years’ work by the Oklahoma Auto Dealers Association and their …
Alliance Resource investors await 1Q financial results
Alliance Resource Partners, L.P. plans to release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Executives and investors will no doubt be expecting another strong financial performance for the firm following its record performance in 2022. The Tulsa company, with major coal operations throughout the eastern U.S. …
Colorado politicians try to reverse oil train decision
The fight by some Colorado residents and politicians is heating up against a planned railway service to transport crude oil out of Utah and through Colorado. Some members of the state’s congressional delegation are opposed to the Uinta Basin Railway, an 88-mile railroad to collect the oil fields of the Unita Basin with the …