May 24, 2023 archive

Permits to drill for May 24, 2023

Kay County LANE #1, May 24 2023 13 25N 1E SENWNWSE API: 07124936 Lat: 36.64292362532202, Long: -97.1461366345212 CEJA CORPORATION SH, DR, 4400 ft, SKINNER(3769), RED FORK(3869), MISS CHAT Miss(3979)

Completion reports for May 24, 2023

GRADY COUNTY Sundown Energy Lp Noble-olson(3192): Oil 20 Gas 1 Water 5 Pump 16 3N 7W Verner 2-16, February 05, 2023 SH, OIL, TD: 3770 ft Lat: 34.73464, Long: -97.93504 API: 35051249680000

Mitchell Talks Energy—the latest edition

Major energy deals involving Oklahoma firms—-they were a key topic of conversation in the latest edition of the “Mitchell Talks Energy” podcast. He and Jerry Bohnen of OK Energy Today take a dive into a $100 million deal for Oklahoma City’s Galvanic Energy, what U.S. Rep. Tom Cole and others feel about “economic coercion” by …

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U.S. crude drawdown sends oil prices up

  A large unexpected drawdown of U.S crude inventories sent crude oil prices up 2% in Wednesday’s trading. Adding to the impetus was a warning from the Saudi energy minister that raised the possibility of more OPEC+ production cuts. West Texas Intermediate crude in the U.S gained 2% or $1.43 a barrel to close at …

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PSO’s $155 million rate hike settlement faced pointed challenges before Judge

  The manner in which Attorney General Gentner Drummond’s office handled a recent settlement agreement on the $155 million rate hike request by Public Service Company was criticized by at least two organizations that oppose the request. The Oklahoma Industrial Energy Consumer’s attorney Thomas P. Schroedter objected at the start of an Administrative Law Judge’s …

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Crude stocks grew at Cushing Hub while nation’s storage declined in past week

  While crude oil stocks at the Cushing Hub grew by nearly 2 million barrels in the past week, the nation’s storage total fell. The U.S. Energy Information Administration reported the nation’s crude stocks fell by nearly 12 million barrels, going from 467.6 million barrels on May 12 to 455.2 million barrels as of May …

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Study shows many firms ignore ESG efforts

    Weeks after Oklahoma blacklisted 13 firms for using ESG and banning financial dealing with the oil and gas industry, the environmental nonprofit Planet Tracker released results of a report showing the world’s biggest asset managers are consistently voting against proposals intended to protect biodiversity. The study found that some ESG efforts are failing …

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Protests greet BLM over lease sales in Kansas and New Mexico

  A Bureau of Land Management offer of more than 10,000 acres of public land for auction to the oil and gas industry in Kansas and New Mexico drew strong protests this week from environmental groups. The groups demand a halt to the sale that was scheduled for Thursday, May 25. The sale included 6,844 …

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Report says Oklahoma treasurer didn’t follow the law in banning companies over ESG

A new report by The Frontier contends that more than half of the 13 financial companies recently banned from doing state business over their ESG efforts fell outside Oklahoma’s 2022 state law. The journalism group found that seven of the companies are not publicly traded and the state law states that in order to be …

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Utility overcharged some New Mexico customers by nearly $2 million

  State regulators in New Mexico have determined the Texas utility, El Paso Electric, overcharged some of its customers by $1.9 million in the past few years. The New Mexico Public Regulation Commission ruled the utility had undercharged some of its largest customers but made others pay higher rates reported Source New Mexico. Officials in …

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