Ellis County YANET 5-8 #2H, May 03 2023 33 21N 26W SWSWSWSE API: 04523902 Lat: 36.247093286277135, Long: -99.98958230837817 UPLAND OPERATING LLC HH, DR, 20000 ft, CHEROKEE(8840) Garvin County ANTERO #0303 7-6-4MXH, October 25 2022 07 3N 3W SWSESWSE API: 04925389 Lat: 34.73966609884232, Long: -97.55186843475852 CPRP SERVICES LLC MU, AM, 22280 ft, CANEY(10634), SYCAMORE(11150) Kingfisher County BIRD CREEK …
May 3, 2023 archive
Completion reports for May 3, 2023
CANADIAN COUNTY Paloma Operating Co Inc Mississippian(10222): Oil 117 Gas 423 Water 1622 Flow 12 14N 9W Minnie 1-14n-9w 3mh, December 29, 2022 HH, OIL, TD: 15552 ft Lat: 35.71012, Long: -98.10682 API: 35017258440000 Paloma Operating Co Inc Mississippian(9885): Oil 52 Gas 502 Water 1545 Flow 12 14N 9W Minnie 1-14n-9w 2mh, December 29, 2022 HH, OIL, TD: 15395 ft Lat: 35.71012, Long: -98.10676 API: 35017258430000 ELLIS …
Crude oil prices fell while interest rates were hiked
Crude oil prices took another major slump in Wednesday’s trading and Oklahoma energy stocks followed suit after the Federal Reserve raised its key interest rate by a quarter-point to the highest level in 16 years. West Texas Intermediate crude for June delivery dropped $3.06 and fell below $70 to $68.60 a barrel on the …
Bill aimed at getting to the root of catalytic converter theft set to become law in November
A bill authored by Tulsa freshman State Representative Suzanne Schreiber aimed at empowering law enforcement to enact forfeiture measures associated with the theft of catalytic converters and copper will become law in November after clearing all legislative hurdles. Schreiber said she was informed about the issue by her predecessor, former state representative Carol Bush, who …
Governor signs new flood hazard mitigation law
Legislation expanding opportunities to receive federal hazard mitigation funding has been signed into law. House Bill 1928, authored by Rep. Lonnie Sims, R-Jenks, replaces the Flood Hazard Mitigation Account with the Hazard Mitigation Financial Assistance Fund in order to broaden the scope of what the fund may be used for and what federal grants may …
Weaker natural gas prices didn’t stop Gulfport Energy from a strong 1Q
A weaker commodity price environment might have existed in the first quarter of 2023, but Oklahoma City’s Gulfport Energy Corporation still had a strong showing with $523.1 million in net income and $229.7 million of adjusted EBITDA. In the release of its first quarter financial results, the company managed to generate $304.1 million of …
PSO’s $2.4 billion renewable energy project to be voted on by Corporation Commissioners
Oklahoma Corporation Commissioners will meet Thursday to consider a settlement agreement reached over the $2.46 billion renewable energy project proposed by Public Service Company of Oklahoma. The joint stipulation and settlement agreement was announced last week by Attorney General Gentner Drummond who finally signed onto the settlement for the need of the project. “With …
PSO announces robotics grants to Oklahoma schools
Public Service Company of Oklahoma (announced more than $35,000 in robotics grants to 16 school groups throughout the state. The grants range from $250 to $3,200. The FIRST (For Inspiration and Recognition of Science and Technology) robotics grants program is a nationwide initiative that supports pre-kindergarten through grade 12 student education with an emphasis …
ONEOK reports more than $1 billion in 1Q net income
ONEOK Inc. reported first quarter 2023 financial results which included more than $1 billion in net income, part of which resulted from a $930 million settlement reached last year over a disastrous fire at its Medford gas plant. Total net income was $1.05 billion resulting in a $2.34 per diluted share. Adjusted EBITDA was …
Chesapeake Energy confirms another strong quarter for the OKC company
Another strong quarter was reported by Chesapeake Energy as it had $1.3 billion or $9.60 per diluted share in net income. The Oklahoma City’s adjusted net income was $270 million or $1.87 per share during the first quarter of the year, according to the company announcement. It also said it delivered …
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