June 9, 2023 archive

Completion reports for June 9, 2023

KINGFISHER COUNTY Bce-mach Iii Llc Mississippian (less Chester)(6423): Oil 304 Gas 420 Water 451 Pump 22 18N 5W Baxter Trust 27-18-5 1mh, October 20, 2022 HH, OIL, TD: 11764 ft Lat: 36.01567, Long: -97.72480 API: 35073269230000 Bce-mach Iii Llc Mississippian(less Chester)(7271): Oil 225 Gas 393 Water 342 Gas Lift 30 15N 5W Fowler Trust 30-15-5 2mh, October 03, 2022 HH, OIL, TD: 12636 ft Lat: 35.74093, …

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Permits to drill for June 9, 2023

Grady County CKSMOU #27-25-3, June 09 2023 27 3N 5W NENESWSE API: 05125034 Lat: 34.6989916579689, Long: -97.70868892091679 MACK ENERGY CO DH, DR, 11771 ft, MORROW SUBTHRUST(11024) Grady County NOLAN #1-29-20-17-8XHS, June 09 2023 29 7N 5W SWSESENW API: 05125033 Lat: 35.05173946362117, Long: -97.75119442697473 CONTINENTAL RESOURCES INC MU, DR, 27519 ft, SPRINGER(11488) Grady County NOLAN #2-29-20-17XHS, June 09 …

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Carbon capture bill signed into law by Governor Stitt

  Oklahoma Governor Kevin Stitt this week signed legislation to pave the way for Oklahoma’s participation in a proposed hydrogen hub with Arkansas and Louisiana and for development of hydrogen projects in the state. He signed SB 200, starting the process to gain program delegation from the EPA for Underground Injection Control (UIC) Class VI carbon …

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Retired General says US national security can be improved with a stronger energy policy including oil and gas

  The best way to beef up the country’s national security, according to retired U.S. Army Gen. Wesley Clark, is more cooperation from the Biden administration and the domestic oil and gas industry. It’s what he told a recent Hart Energy SUPER DUG conference held in Fort Worth, explaining China and Russia each are a …

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Friday was a weak day for crude oil and Oklahoma energy stocks

Not only did oil prices fall by more than a dollar a barrel on Friday, but Oklahoma energy stocks tumbled as well, some as much as 4%. Crude made its second straight weekly decline after Saudi Arabia’s decision last weekend to cut output and disappointing Chinese data added to doubts about demand growth. West Texas …

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Mammoth Energy holds annual stockholders meeting

  The annual meeting of stockholders in Mammoth Energy Services, Inc. was held this week in Oklahoma City. Shareholders approved the election of Arthur Amron, Corey Booker, Paul Jacobi, James Palm, Arthur Smith and Arty Straehla to serve as the company’s directors. The company stockholders also voted in support of the compensation paid to Mammoth’s …

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Chesapeake’s annual shareholders meeting results

Shareholders in Chesapeake Energy took part in the company’s annual meeting this week, electing directors and executive compensation. The directors include Domenic J. Dell’Osso, Jr., Timothy S. Duncan, Benjamin C. Duster, IV, Sarah A. Emerson, Matthew Gallagher, Brian Steck and Michael Wichterich. Shareholders approved an advisory vote on the named executive officer compensation and plan …

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Rig counts in Oklahoma and US leveled off in past week

  The nation’s rig count is closer to leveling off in the past week with a decline of only one to 695 oil and gas rigs while Oklahoma added one to reach 44 rigs. Baker Hughes on Friday reported Oklahoma’s count compared to 59 a year ago. The U.S. count included an addition of one …

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Sen. Lankford wants federal transparency of “artificial intelligence” use

  Oklahoma U.S. Sen. James Lankford says the federal government should be required to show transparency of its use of artificial intelligence—the subject that is the target of growing controversy. Lankford was joined by Democratic Sen. Gary Peters of Michigan and Republican Mike Braun of Indiana in filing a bill to force such transparency by …

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Law takes effect–natural gas is exempt from price gouging state law

  Without any fanfare, Oklahoma Gov. Kevin Stitt signed a bill to exempt natural gas from the state’s anti-price gouging restrictions. House Bill 2561 was signed into law last month after it won large approval in the House and Senate. The House approved it on a vote of 81-12 in early March while the Senate …

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