When Kansas won the competition with Oklahoma over selection of a $4 billion Panasonic battery plant, one thing it didn’t consider was the amount of electrical power needed for its operations. Now Evergy, the largest utility in Kansas, says it will ask for a rate hike to pay for the additional infrastructure needed to …
July 2023 archive
Devon confirms two more Blaine County wells near Greenfield community
Another set of Blaine County wells was completed this spring by Devon Energy Production Company. Devon reported the two Pork Chop wells, drilled on a single pad at 3 14N 11W, a site about 1 mile southeast of the community of Greenfield, had combined production of 679 barrels of oil and more than 14,000 Mcf …
Mineral rights fight ends with New Mexico Supreme Court decision in favor of oil firm
A mineral rights fight involving a private land owner and a New Mexico oil company resulted in a Supreme Court decision this month which sided with the oil firm. Justices agreed that Premier Oil and Gas of Artesia had properly and legally acquired the mineral rights from the previous land owners. The heirs of …
Completion reports for July 19, 2023
BLAINE COUNTY Devon Energy Production Company Lp All Zones Producing: Oil 562 Gas 8126 Water 1095 Flow 3 14N 11W Pork Chop 3_34-14n-11w 5hx, April 05, 2023 HH, OIL, TD: 21813 ft Lat: 35.71164, Long: -98.35565 API: 35011243290000 Devon Energy Production Company Lp Mississippian(10701): Oil 117 Gas 5912 Water 662 Flow 3 14N 11W Pork Chop 3-14n-11w 3h, April 05, 2023 HH, GAS, TD: 17113 ft …
Permits to drill for July 19, 2023
Carter County GAPSTOW #1-24-13-14XHM, September 14 2022 24 1S 3W SENWNESE API: 01926509 Lat: 34.455002960639945, Long: -97.45961233248288 CONTINENTAL RESOURCES INC MU, AM, 17624 ft, SYCAMORE(8029) Kingfisher County PRINCESS PEACH 1605 #2LOH-21, May 30 2023 21 16N 5W SWSWSWSE API: 07327016 Lat: 35.84279605257377, Long: -97.73573255560096 CANVAS ENERGY LLC HH, AM, 12200 ft, MISSISSIPPIAN(6736) Major County MARY #1-11, July …
Crude oil prices slipped while OK energy stocks made gains
Most Oklahoma energy stocks traded higher on Wednesday while oil prices edged lower after investors took profits on earlier gains on tighter U.S. crude supplies. West Texas Intermediate crude fell 40 cents to $75.35 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, dropped 17 cents a barrel and settled at …
Halliburton records increased total revenue but smaller earnings
Halliburton Company’s second quarter earnings fell from the first quarter, despite a slight gain in total revenue according to an announcement. Net income was $610 million or 68 cents a diluted share cmopared to $651 million and 72 cents in the first quarter of 2023, according to a Wednesday announcement by the Houston-based company …
Arkansas regulators negotiate shutoffs and late bill fees with Summit Utilities Inc.
Summit Utilities Inc., an Arkansas company that has customers in Oklahoma and is also regulated by the Oklahoma Corporation Commission, wants to resume its plan of disconnecting customers and charging late-fee penalties later in the summer. And that’s where the rub lies with Arkansas regulators after the firm said it had more than 43,000 …
Cushing records slight drop in total crude oil in storage
The latest figures from the U.S. Energy Information Administration show crude oil storage slipped in the past week at the Cushing Hub in northern Oklahoma. The EIA listed storage at 38.3 million barrels of oil as of July 14, down slightly from the 41.2 million recorded July 7 of this year. Cushing held 42.8 …
Big second quarter for Baker Hughes Co.
Baker Hughes Co. had a big second quarter, seeing a 25% increase in revenue which totaled $6.3 billion and having a 28% jump in orders totaling $7.5 billion. The company reported it resulted in $410 million in net income, a gain of $1.248 millon from the previous year. Adjusted net income came to $395 …
