May 4, 2023 archive

Permits to drill for May 4, 2023

Canadian County SANFORD 1207 #3LMH-2, May 04 2023 11 12N 7W NENWNWNW API: 01725957 Lat: 35.536131056792165, Long: -97.91735460349054 CANVAS ENERGY LLC HH, DR, 15500 ft, MISSISSIPPIAN(9147) Canadian County SANFORD 1207 #4LMH-2, May 04 2023 11 12N 7W NENWNWNW API: 01725958 Lat: 35.53613105760212, Long: -97.91740501778442 CANVAS ENERGY LLC HH, DR, 15500 ft, MISSISSIPPIAN(9147) Canadian County SANFORD 1207 #2LMH-2, …

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Completion reports for May 4, 2023

CUSTER COUNTY Continental Resources Inc Mississippian(13071): Oil 1 Gas 17270 Water 586 Flow 34 15N 14W Ko Kipp 3-34-3-10xhm, January 27, 2023 HH, GAS, TD: 28511 ft Lat: 35.73889, Long: -98.67461 API: 35039226070000 Continental Resources Inc Mississippian(13191): Oil 10 Gas 19175 Water 299 Flow 34 15N 14W Ko Kipp 2-34-3-10xhm, January 14, 2023 HH, GAS, TD: 28540 ft Lat: 35.73919, Long: -98.68212 API: 35039226060000

PSO wins Corporation Commission approval of $2.46 billion renewable energy project

  With a 2-0 vote, Oklahoma Corporation Commissioners on Thursday signed off on the $2.46 billion renewable energy project for Public Service Company of Oklahoma. The project includes PSO’s acquisition of three solar farms and three wind farms located in southern Kansas and the Texas Panhandle. Commissioner Bob Anthony was absent from the meeting where …

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Crude oil had weak trading on Thursday while OK energy stocks were mixed

  Crude oil prices didn’t change much in Thursday’s trading as Brent recorded a slight gain while WTI dropped slightly. The weak responses occurred after the European Central Bank slowed the pace of interest rates. West Texas Intermediate crude finished down 4 cents or 0.006% to $68.56 a barrel on the New York Mercantile Exchange. …

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OERB names Devon Energy official to board of directors

  The Oklahoma Energy Resources Board announced the appointment of Christina Rehkop to its board of directors. Rehkop is the director of Community Relations at Devon Energy Corporation. In this role, she is responsible for all community relations and strategic partnerships in Oklahoma, Texas, New Mexico, North Dakota, and Wyoming. “Christina has been a huge …

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Icahn’s wealth took a $10 billion hit this week

  Billionaire and corporate activist Carl Icahn’s fortune took a $10 billion hit this week after he was accused by short-seller Hindenburg Research of using a “ponzi-like” economic structure at his investment company. Icahn, majority owner of Oklahoma City-based SandRidge Energy and CVR Energy and its refinery in southern Oklahoma, saw his fortune sink by …

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Callon Petroleum purchases Permian Basin oil company

  Another Permian Basin merger has gone down as Callon Petroleum announced a $475 million cash-and-stock deal to acquire Percussion Petroleum Operating II LLC. The deal will add about 18,000 net acres and approximately 70 high-return well locations in the Permian, Callon said in the announcement. The deal also includes potential contingent payments of up to …

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New Mexico governor is optimistic her state will be picked for federal hydrogen project

  New Mexico Gov. Michelle Lujan Grisham predicts her state will emerge as a national leader in hydrogen fuel production with the help of federal funding. In a recent speech, the governor was optimistic the federal government will pick New Mexico, Colorado, Utah and Wyoming as one of the nation’s regional hubs for hydrogen development reported …

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First oil and gas lease sales to happen in Wyoming and Montana since Biden’s freeze

    The federal Bureau of Land Management will hold at least two oil and gas lease sales in Montana and North Dakota in September, the first sales since before the Biden administration paused leasing in 2021. The Bureau of Land Management has scheduled a September lease sale for 25,759 acres, mostly in the north-central region …

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Flood awareness month proclaimed by Governor Stitt

  In Oklahoma, May has historically been the month with the highest number of flood disasters. Governor Kevin Stitt has proclaimed May 2023 as Flood Awareness Month. Flooding causes billions of dollars in property damage and numerous deaths each year in the United States. However, many people are unaware that losses due to flooding are …

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