Nearly $3.5 million coming from the Volkswagen Settlement Trust will be made available through Oklahoma’s Department of Environmental Quality to help firms replace or repower aging equipment. DEQ explained it is seeking projects in the name of reducing nitrogen oxides emissions. The projects are four non-road categories—freight switchers; ferries or tugs; airport ground support equipment; and forklifts and …
July 2023 archive
Crude finished with 5th straight week of gains
Crude oil prices recorded a fifth straight week of gains and Oklahoma energy stocks made improvements too on Friday. Investors were reported to be optimistic that healthy demand and supply cuts will keep the prices high reported Reuters. Both WTI and Brent crude gained nearly 5% for the week due to supply cuts from …
Forecast says Permian Basin oil production in New Mexico will peak in a few years
If the experts are accurate, oil production in New Mexico’s share of the Permian Basin will peak in 5 to 10 years. It’s what New Mexico legislators were recently the State’s Chief Economist Leo Delgado who attributed the prediction to national forecasters IHS Markit and Moody’s Investors Service. If so, New Mexico could begin …
Another Ovintiv well reported in Kingfisher County
Newly-filed completion reports show Ovintiv USA Inc. extended its success in Kingfisher County with a November 2022 well that had production of more than 1,200 barrels of oil a day. The completion report on the Coffey 1507 3h-27x, located at 27 15N 7W , a site about 3 miles south of the city of …
House votes to delist lesser prairie chicken as endangered
The House has approved two resolutions to repeal the lesser prairie chicken’s status as a threatened species and return autonomy to local farmers, ranchers and wildlife agencies in Oklahoma. Oklahoma’s House members voted for the measure as it was passed on a 220-209 vote. “Listing the Lesser Prairie Chicken as a threatened species creates …
Permits to drill for July 27, 2023
Blaine County NELSON #1-33, May 01 2023 33 19N 12W SESWSWSW API: 01124360 Lat: 36.07253662461789, Long: -98.49274236112561 CRAWLEY PETROLEUM CORPORATION SH, AM, 8400 ft, MORROW(8260) Dewey County DEAD END RANCH 23 BN #1H, July 27 2023 14 18N 16W S2S2S2SE API: 04323782 Lat: 36.02952265506318, Long: -98.87178585738896 MEWBOURNE OIL COMPANY HH, DR, 14223 ft, RED FORK(8680) Seminole County …
Completion reports for July 27, 2023
DEWEY COUNTY Crawley Petroleum Corporation Miss’an Lm(10250): Oil 474 Gas 911 Water 1254 Flow 34 19N 15W Chain 1-34mh, March 23, 2023 HH, OIL, TD: 14712 ft Lat: 36.07288, Long: -98.77966 API: 35043237650000 KINGFISHER COUNTY Bce-mach Iii Llc Oswego(6211): Oil 124 Gas 10 Water 905 Gas Lift 18 17N 5W Lincoln Southeast Oswego Unit 25-5ho, March 10, 2023 HH, OIL, TD: 12104 ft Lat: 35.95538, Long: …
Cell phone bills to be hit with higher tax opposed by Corporation Commissioner
Oklahoma Corporation Commissioner Bob Anthony complained Thursday that the Oklahoma Universal Service Fund subsidy program is collecting $110 million, 15 times higher than what it was 20 years ago. He voted against increasing to $2.02-per-line a fee on phone customers’ monthly bills collected to fund what he called a “runaway” program. Commissioners Todd Hiett …
Oil up on Thursday—Oklahoma energy stocks down
A day after a 1% fall, crude oil prices rose nearly 2% because of continued supply tightness following OPEC+ production cuts. Oklahoma energy stocks went the opposition direction as most recorded losses for the day. West Texas Intermediate crude finished up $1.31 or 1.7% to $80.09 a barrel on the New York Mercantile Exchange. Brent …
Oklahoma AG fights Biden administration and its growth of federal regulations
While more and more regulations on the environment are coming out of the Biden administration, Oklahoma Attorney General Gentner Drummond wants a limit to the power of federal regulators. He joined a coalition of 27 states asking the U.S. Supreme Court to limit the regulatory efforts of federal agencies. “Rogue government agencies abuse their power …