August 2023 archive

Camino Natural Resources pushes forward on Oklahoma exploration

  Newly filed completion reports show Camino Natural Resources LLC with two wells on a single pad in Grady County producing nearly 900 barrels of oil a day. Camino is headquartered in Denver, Colorado. The two wells, located about a mile east of Chickasha at 36 7N 7W were completed in May and had production …

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Government subsidies swell for renewable energy

  Years after Oklahoma’s oil and gas industry leaders complained of too many government subsidies for the state’s renewable energy projects, a new nationwide report shows those subsidies more than doubled between 2016 and 2022. They also formed nearly half of all the federal energy-related support, jumping to $15.6 billion in fiscal year 2022 from …

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Energy briefs

** After seven years of delays and $21 billion in cost overruns, the first of two new units at Georgia Power’s Plant Vogtle enters commercial service and becomes the first new U.S. nuclear reactor to do so in more than 30 years. ** A Wyoming conservation group and a retired federal government biologist have filed a federal lawsuit …

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Biden administration declines latest bids to refill nation’s emergency oil reserve

  Oklahoma’s congressional members might be muttering “I told you so” after the Biden administration this week again delayed refilling the nation’s emergency oil reserve because of market conditions. Remember, Senators and Representatives from the state were critical of the President when he chose to use the Strategic Petroleum Reserve last year to bring down …

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Completion reports for August 1, 2023

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 …

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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 …

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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% …

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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 …

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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 …

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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 …

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