July 2023 archive

Completion reports for July 31, 2023

completions: none were processed today

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% …

Continue reading »

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.  …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »

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 …

Continue reading »