May 2, 2023 archive

Permits to drill for May 2, 2023

Creek County NE NEWBY UNIT #27-2, November 01 2022 27 15N 9E SWNENWSW API: 03729503 Lat: 35.746047680783775, Long: -96.3489796866679 RUSH CREEK OPERATING LLC SH, AM, 2450 ft, SKINNER(2280) Ellis County AUDINE 18/19 BO #1H, May 01 2023 18 18N 24W NENWNWNE API: 04523901 Lat: 36.041787772517246, Long: -99.7986803205699 MEWBOURNE OIL COMPANY HH, DR, 19852 ft, CHEROKEE(10000) Oklahoma County …

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Completion reports for May 2, 2023

KINGFISHER COUNTY Bce-mach Iii Llc Oswego(6201): Oil 318 Gas 435 Water 1179 Esp 18 17N 5W Lincoln Southeast Oswego Unit 26-2ho, March 08, 2023 HH, OIL, TD: 12100 ft Lat: 35.95538, Long: -97.76994 API: 35073269630000 Ovintiv Usa Inc Mississippian (less Chester)(8846): Oil 885 Gas 1396 Water 2509 Flow 30 15N 7W Gravitt 1507 5h-30, February 03, 2023 HH, OIL, TD: 14390 ft Lat: 35.74103, Long: -97.99099 …

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Crude oil prices and Oklahoma energy stocks take a big slide

  Crude oil prices plunged nearly 5% to a five-week low in Tuesday’s trading and Oklahoma energy prices slide as well, some tumbling 6% and nearly 7%. Concerns about the economy brought prices down in the U.S. as politicians debated how to avoid a debt default. West Texas Intermediate fell $4 a barrel or 5.3% …

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Increased oilfield activity is expected in Oklahoma

  Despite losses in Oklahoma’s oilfield activity in the past few weeks as reported by Baker Hughes Co., a newly-released Oklahoma Energy Index shows increased industry activity is on the horizon in the state. The release of the Index says the predicted increase lies ahead despite significant declines in natural gas prices and the downward …

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Senator accuses Interior Secretary Haaland of violating federal law

  Interior Secretary Deb Haaland is accused of violating federal law and implementing land-use policies that only increase the U.S. dependence on China and Russia. Wyoming U.S. Sen. John Barrasso, the ranking member of the Senate Committee on Energy and Natural Resources made the charges during a hearing to examine the President’s budget request for …

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Prison time for FAA computer hacking

  An Oklahoma City man was recently sentenced to federal prison for using a computer to illegally gain access to a Federal Aviation Administration database and fraudulently obtain an aircraft mechanic’s license. Gordon Bellamy, Jr. was sentenced in Oklahoma City Federal Court after being convicted of computer access fraud. He was sentenced to 20 months …

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Northeast Oklahomans get a chance to voice complaints about Pensacola Dam and flooding

  When federal government regulators begin the review process of a new permit for Oklahoma’s Pensacola Dam in the northeast part of the state, they will likely get an earful of complaints from residents in Miami and those around the Tar Creek. Their complaints deal with flooding causes by the dam and some tribal leaders …

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Bce-Mach III finishes 8 Kingfisher County wells

  Oklahoma City’s Bce-Mach III LLC recently filed completion reports on 8 Kingfisher County wells. Among them were two sets of two-wells drilled on single pads. Others were adjacent to each other, all in a close region east of the city of Dover. One of the sets of two-wells on a single pad were drilled …

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Oklahoma legislature closer to approval of EV charging station bill

  An EV charging station bill designed to create fairness in the creation so gas station owners don’t have to compete with electric utilities is closer to being sent to Oklahoma Gov. Kevin Stitt. The Oklahoman reports Senate Bill 502 has won approval in both houses of the legislature but the approved versions are different …

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Alliance Resource sees 1Q drop in earnings compared to record-setting 4Q results

  Alliance Resource Partners L.P. reported a first quarter revenue of $662.9 million which was a 43% increase compared to a year ago. The Tulsa-based company, considered one of the largest coal mining operations in the eastern half of the U.S., showed net income of $191.2 million or $1.45 per unit which was a whopping …

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