CUSTER COUNTY Crawley Petroleum Corporation Mississippian(8250): Oil 180 Gas 11815 Water 1018 Flow 6 14N 15W Campbell 5-6mhx, May 14, 2023 HH, GAS, TD: 23255 ft Lat: 35.72435, Long: -98.82819 API: 35039226090000 GRADY COUNTY Camino Natural Resources Llc Springer(13118): Oil 796 Gas 2944 Water 1243 Flow 36 7N 7W Shockey 0707 36-1-2umxh, May 23, 2023 HH, OIL, TD: 20095 ft Lat: 35.04295, Long: -97.88414 API: 35051249750000 Camino …
August 1, 2023 archive
Permits to drill for August 1, 2023
Garvin County LILY #3-29-20GXH, May 19 2023 29 4N 4W SWNESWSE API: 04925420 Lat: 34.78493562751676, Long: -97.63943058905058 RIMROCK RESOURCE OPERATING LLC MU, AM, 19340 ft, GODDARD(11441) Grady County RSMU #11-23, August 01 2023 23 4N 8W SWSWNWNE API: 05122799 Lat: 34.809061634358166, Long: -98.00937954549683 URBAN OIL & GAS GROUP LLC SH, RC, 6160 ft, WADE(5497) Okfuskee County FAMILY …
Stronger dollar forced crude oil down on Tuesday
A stronger dollar along with signs of profit taking resulted in lower crude oil prices on Tuesday. Oklahoma energy stocks were left mixed. The profit taking was a sign that investors bet on tighter global supplies and demand growth in the second half of this year. West Texas Intermediate closed down 43 cents or 0.5% …
Rep. Lucas grows frustrated over Inspector General’s stonewalling
Oklahoma Congressman Frank Lucas is getting a little tired and frustrated with the stonewalling of Commerce Department Inspector General Peggy Gustafson. Together with Democrat Zoe Lofgren, who is the Ranking Member on the House Science, Space and Technology Committee chaired by Lucas, they sent a letter to the Inspector General (IG) of the Department of Commerce …
Oklahoma and Arkansas to hold 3rd meeting to discuss Illinois River watershed
Another meeting will be held this month as Oklahoma and Arkansas work on updating the watershed-based management plan for the Ilinois River Watershed. It will be the third in a series of public meetings to be held by the Oklahoma Conservation Commission in partnership with the Arkansas Department of Agriculture’s Natural Resources Division. The meeting …
Heat wave helped boost revenues at Alliance Resources
Tulsa’s big coal company, Alliance Resources, reported a 3.5% increase in second quarter revenues, driven primarily by higher coal sales price per ton as well as growing demand for coal to power electric-generating plants during the nation’s heat wave. The company said total revenues for the quarter were $641.8 million compared to $619.9 million …
Cushing stocks plunge as world oil supplies tighten
The drop in oil inventories around the world, including at Oklahoma’s Cushing Hub is getting the attention of industry analysts who believe it is driving increased crude oil prices. “We are on the cusp of supply tighteness,” one analyst told Reuters. Storage at Cushing is part of it as stocks fell by 2.9 million barrels …
Improved earnings in 2Q reported by ONE Gas
ONE Gas, Inc. recorded improved second quarter earnings according to a release this week by the company. Second quarter 2023 net income was $32.7 million, or $0.58 per diluted share, compared with $32.1 million, or $0.59 per diluted share, in the second quarter 2022. Year-to-date 2023 net income was $135.3 million, or $2.42 per …
J.B. Hunt adds more electric trucks to its fleet
More of those J.B. Hunt trucks you see rolling across Interstate 40 in Oklahoma might soon be electric rigs. The Arkansas-based company recently ordered 13 of the battery-electric and hydrogen-powered fuel cell trucks from Nikola and deliveries are set to begin this month. Ten of the trucks will be battery-electric rigs which will help …
Exxon Mobil in talks with EV makers to supply lithium
When Exxon Mobil recently paid nearly $100 million to Oklahoma City’s Galvanic Energy for its brine drilling rights in southern Arkansas, there was good reason why. Exxon Mobil wants to develop lithium from the brine in the Smackover formation—lithium already sought by Galvanic Energy. Now Exxon Mobil is reported to be in talks with …
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