May 12, 2023 archive

Permits to drill for May 12, 2023

Canadian County SANFORD 1207 #2LMH-2, May 04 2023 11 12N 7W NWSENWNW API: 01725956 Lat: 35.53499919633448, Long: -97.91625561489187 CANVAS ENERGY LLC HH, AM, 15500 ft, MISSISSIPPIAN(9102) Canadian County SANFORD 1207 #3LMH-2, May 04 2023 11 12N 7W NWSENWNW API: 01725957 Lat: 35.53499919760383, Long: -97.91630602847758 CANVAS ENERGY LLC HH, AM, 15500 ft, MISSISSIPPIAN(9147) Canadian County SANFORD 1207 #4LMH-2, …

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Completion reports for May 12, 2023

HUGHES COUNTY Trinity Operating Usg Llc Woodford(17505): Gas 3074 Water 3910 Flow 1 5N 10E Cook 2-12/13/24h, January 03, 2023 HH, GAS, TD: 17630 ft Lat: 34.93243, Long: -96.20228 API: 35063249430000

Icahn company counters losses with $500 million buyback plan

  After a damaging report resulted in a loss of billions for corporate raider Carl Icahn, his holding company has launched a buyback equaling nearly 27% of its trading shares. The directors of Icahn Enterprises LP approved a $500 million buyback. Icahn, a major investor in Oklahoma City-based SandRidge Energy as well as refinery operator …

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Senate votes to reject Biden administration’s protection of bat

  Oklahoma U.S. Sen. Markwayne Mullin celebrated a Senate victory this week as the Senate approved two resolutions undoing the Biden administration’s rules regarding the Endangered Species Act. Fellow Oklahoma Sen. James Lankford joined him in voting against the Biden administration. “The completely unreasonable critical habitat rule gives the Biden Administration the power to interpret any …

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Other energy notes

** The Biden administration’s new greenhouse gas rule is designed to drive drastic changes in how U.S. power companies produce electricity — but utilities say it could escalate the risk of outages as it squeezes fossil fuel plants into retirement. ** Shell Chemicals is facing its second lawsuit brought by three contractors who say they were injured …

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Crude oil slipped on Friday’s trading while OK energy stocks recorded gains

  Crude oil prices dropped more than 1% on Friday while Oklahoma energy stocks recorded gains in the day’s training.\ Crude prices dropped for the third consecutive week as each benchmark settled about 1.5% lower for the week. West Texas Intermediate crude dropped 83 cents or 1.2% to close at $70.04 a barrel on the …

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Tulsa’s Vital Energy expands Permian Basin holdings with $378 million acquisition

Vital Energy just expanded its holdings in the Permian Basin with a $378 million acquisition of assets from Forge Energy II Delaware LLC, an EnCap portfolio company. The Tulsa company said the acquisition will expand its Permian Basin leasehold to 198,000 net acres and also establish core operating positions in Pecos, Reeves and Ward Counties. …

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