A new report by the federal government predicts increased crude oil production in the Anadarko and the Permian Basins from June to July. The U.S. Energy Information Administration, in a report issued this week, said it expects crude oil production in the Anadarko Basin to increase from 439,000 barrels of crude oil a day …
June 13, 2023 archive
Rep. Brecheen targets government overreach of livestock medicines
Oklahoma Congressman Josh Brecheen thinks the federal government is getting too involved in attempts to restrict certain antibiotics used by farmers and ranchers on their livestock. He and Missouri Republican Rep. Eric Burlison introduced their Stop Government Overreach in Ranching Act this week, a bill to reverse Food and Drug guidance which would restrict the use …
Ovintiv completes $4.2 billion acquisition of holdings in Permian Basin
Ovintiv Inc., the company with a history of large producing oil wells in Kingfisher County, announced this week the completion of its $4.2 billion acquisition of core Midland Basin assets in West Texas. The Permian deal involved its purchase of assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources. The acquisition …
Texas power grid to set record this week in heat wave
The latest heat wave hitting Texas is likely to result in the state’s grid to receive the heaviest demand for electricity on Friday, June 16. That’s what ERCOT predicted, indicating if it happens, it will smash the record of 80,038 megawatts set eleven months ago according to KHOU TV news in Houston. Click here …
Other energy highlights
** The inflation rate is down slightly but is still two times higher than the Federal Reserve’s ideal rate of 2%, according to Tuesday’s Consumer Price Index Report, which showed that the prices of U.S. goods and services increased 4% in May compared to the previous 12 months. ** In a weekend speech to Georgia Republicans, former President …
Newest producing wells are in Kingfisher and Canadian Counties
Among the latest completion reports filed on Oklahoma wells is a June 2022 well in Kingfisher County by Ovintiv USA Inc. with production of more than 1,000 barrels of oil a day. The Kretchmar 1507 2h-2x, drilled at 35 16N 7W, a site about a mile southeast of the city of Kingfisher produced 1,003 …
Stitt’s veto of motor vehicle bill overridden by Oklahoma House
The Oklahoma House, in a special session this week, voted to override Gov. Stitt’s veto of a bill that extended the compact agreement with some Native American tribes that focused on motor vehicle licensing or registration. The vote was 74 to 11 according to the McCarville Report. Next stop, the State Senate. Click here …
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