May 8, 2023 archive

Permits to drill for May 8, 2023

Mcclain County QUINN #1-8-17-20XHW, May 08 2023 08 7N 3W SENENWNW API: 08722433 Lat: 35.101419640767055, Long: -97.54413287725156 CONTINENTAL RESOURCES INC MU, DR, 24864 ft, MISSISSIPPI(9540), WOODFORD(9709) Woods County MLM #1-10, May 05 2023 10 24N 13W SESENENW API: 15124620 Lat: 36.57595558742566, Long: -98.57894960084997 BELOW GROUND LEVEL LLC SH, DR, 8000 ft, TONKAWA(5006), COTTAGE GROVE(5470), LAYTON 405LYTN 5615 …

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Completion reports for May 8, 2023

HUGHES COUNTY Tilford Pinson Exploration Llc Savanna(2410): Oil 14 Water 40 Pump 33 6N 9E Jessica 1-33, January 06, 2023 SH, OIL, TD: 3440 ft Lat: 34.94339, Long: -96.35567 API: 35063249570000 MCCLAIN COUNTY Charter Oak Production Co Llc Woodford(6434): Oil 163 Gas 101 Water 2314 Flow 3 5N 1W Sharp 5n 1w 10 1hx, January 01, 2022 HH, OIL, TD: 17275 ft Lat: 34.92950, Long: …

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Devon Energy reports record oil production in 1Q and steps up share buyback

  Not only did Devon Energy record operating cash flow of $1.7 billion in the first quarter, its oil production also reached an all-time high of 320,000 barrels a day during the period. It also decided to increase its share buyback by 50%. One of the highlights of the company’s oil production was its Exotic …

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Crude oil prices rose while OK energy stocks had a weak Monday

  Crude oil prices went up 2% in Monday’s trading but Oklahoma energy stocks recorded losses for the day, even after U.S. recession fears faded. West Texas Intermediate crude gained $1.82 per barrel or 2.6% to finish at $73.16 on the New York Mercantile Exchange. Global benchmark Brent crude rose $1.71 or 2.3% to close …

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Another pipeline crackdown launched by Biden administration

  Still more pressure from federal pipeline regulators is coming as the Biden administration launches a major crack down on natural gas leaks as it attempts to reduce methane emissions and reduce air pollution. Transportation Secretary Pete Buttigieg helped announce the new rules on Friday as yet another round fired in the climate change battle …

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Rep. Lucas wonders if new Energy Department office is more green energy bureaucracy

  Congressman Frank Lucas is raising more questions about the need for a new Office of Clean Energy Demonstrations at the U.S. Department of Energy, suggesting it is another layer of bureaucracy and green energy effort created by the Biden administration. As chairman of the House Science, Space, and Technology Committee, the Oklahoma Representative joined …

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Oklahoma Broadband Governing Board to meet

  Oklahoma’s Broadband Governing Board will meet Tuesday afternoon at the state capitol. The latest broadband map released recently by the Federal Communications Commission will likely get serious discussion by board members during the 3 p.m. meeting.   The board will receive an update from the National Telecommunications and Information Administration program officer, Kevin Blake. …

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Kansas will keep two-person crew mandate for railroad operations

  As some railway companies make moves toward a one-person crew n the engine cab of locomotives, all in the name of saving money, it won’t happen in Kansas. That’s because Gov. Laura Kelly is recommending the state be added to the list of states mandating railroad companies keep two-person crews. Railroad employees and unions …

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Environmentalists sue to suspend natural gas operations of New Mexico energy company

  A lawsuit has been filed by a conservation group to force the federal government to bring an end to natural gas flaring by one energy company in New Mexico. The suit by WildEarth Guardians seeks to compel the Environmental Protection Agency to correct alleged flaws in the oil company’s operating permits for two of …

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Record oil and gas tax collections in southeast New Mexico

  Oil and gas production has been so strong in far southeast New Mexico where part of the Permian Basin extends, that one county’s production tax collections are $20 million higher than for all of last year’s fiscal year. Eddy County has just two months remaining in the 2023 fiscal year and collected $8 million …

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