completions: none were processed today
July 2023 archive
Permits to drill for July 31, 2023
Okfuskee County JULIE #4A, July 31 2023 13 12N 8E NWNWSENW API: 10723638 Lat: 35.51853332854085, Long: -96.41808519368941 C & C PRODUCTIONS LLC SH, DR, 3400 ft, BOOCH(3290)
Crude oil hits highest mark since April and Oklahoma energy stocks gained too
Crude oil prices hit a three-month high in Monday’s trading, marking their steepest monthly gains since January 2022, largely because of a growing tightening global supply of oil. Oklahoma energy prices also recorded gains with one firm hitting a 6% increase for the day. West Texas Intermediate crude rallied for a $1.22 or 1.5% …
Residential Geothermal Pumps Are Trending Again
The geothermal pump industry is relishing a resurgence as a result of extreme weather conditions and rising utility costs. A major push is now underway to get people to consider ground source heat pumps because they use far less electricity than other heating and cooling methods, according to a recent article by the Associated Press. …
Manchin prepares for another fight with Biden—one over clean hydrogen
Another fight between West Virginia Sen. Joe Manchin and the White House over its green energy push is brewing and it involves clean hydrogen. Hydrogen is a growing topic in Oklahoma and other states where hydrogen hubs are being proposed, thanks to funding from the federal government. At the heart of Manchin’s growing opposition …
Opponents look at railway tunnel to stop oil shipments through Colorado
Opponents of a planned rail shipment of oil from Utah through Colorado and eventually to the Cushing Hub of northern Oklahoma think they have discovered a way to stop the project. It involves the state-owned Moffat Tunnel which is leased by Union Pacific for $12,000 a year. The rail company’s 99-year lease to use …
Regulators to consider possible ratemaking changes
Oklahoma Corporation Commissioners will meet this week to consider exploring alternative ratemaking methodologies for electric public utilities. It is the main item on the agenda for the 1:30 p.m. meeting. As posted, the issue is listed as PUD 2023- 000066, Inquiry of the Oklahoma Corporation Commission to Examine Alternative Ratemaking Methodologies for and Issues …
Earnings reports from Oklahoma energy companies to be released this week
It’s a big week for many of the energy companies as they release their latest earnings reports. Devon Energy, Gulfport and Chesapeake Energy are among some of the Oklahoma oil and gas firms that will release their reports Tuesday. Tulsa-based Williams will report its earnings on Wednesday. Others such as Occidental Petroleum, ConocoPhillips, Phillips 66, EOG Resources, Pioneer Natural …
Loss of drilling rigs continued in Oklahoma and across the nation
Oklahoma and the U.S. continued their slow decline in the number of oil and gas rigs in the past week, according to the latest report from Baker Hughes Co. It means more drilling rigs are in storage or awaiting possible new drilling assignments. The state count fell one to 39, far from the 64 …
Defense bill includes $170 million in funding for Oklahoma military installations
The U.S. Senate’s recent approval of the Fiscal Year 2024 National Defense Authorization Act resulted in more than $170 million for Oklahoma’s military installations. “I’m glad that we were able to land significant victories for our state and our country in this year’s NDAA,” said Sen. Markwayne Mullin in referring to the funding for …
