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PSO Electric Bills Going Up as Utility Adjusts Fuel Factor
Customers of Tulsa-based Public Service Company of Oklahoma will pay more for electricity beginning in May as the utility adjusts its fuel factor to reflect higher prices for power and natural gas, according to a company press release issued Thursday. The fuel factor is based on predicted fuel and power costs. Since actual fuel costs …
Oil and Natural Gas Futures Stumble on Thursday
Oil prices tanked on Thursday as domestic prices ended at their lowest settlement in a month and the nearing expiration of the Brent crude contract heightened volatility, according to Bloomberg MarketWatch. June West Texas Intermediate crude slid by 65 cents, or 1.3%, to settle at $48.97 a barrel on the New York Mercantile Exchange—the lowest settlement …
Permits to Drill April 28, 2017
Blaine County DR #1-1-36XH, April 27 2017 01 13N 13W SESESESE API: 01123790 Lat: 35.62398158865025, Long: -98.52676414132208 CONTINENTAL RESOURCES INC HH, DR, 24614 ft, WOODFORD(14583) Blaine County PORKCHOP 34-15N-11W #2H, April 27 2017 34 15N 11W SWSESWSW API: 01123789 Lat: 35.72586565207771, Long: -98.36391183279555 PALOMA OPERATING CO INC HH, DR, 16905 ft, MISSISSIPPI(11816) Canadian County …
Completion Reports April 28, 2017
BLAINE COUNTY Cimarex Energy Co Mississippi(11500): Oil 844 Gas 2805 Water 1490 Flow 20 15N 11W Calmus Bia 1h-2017x, April 10, 2017 HH, OIL, TD: 21536 ft Lat: 35.75476, Long: -98.39236 API: 35011237240000 CADDO COUNTY Territory Resources Llc Marchand(6765): Oil 110 Water 30 Pump 10 5N 9W Walker 2a-10, March 15, 2017 SH, OIL, …
OK Legislative Leader’s Reversal on Gross Production Tax Irks OIPA
An Oklahoma state legislative leader is under fire by the Oklahoma Independent Petroleum Association for her recent participation in a State Capitol rally calling for a 250 percent increase in the gross production tax. Rep. Leslie Osborn – the Oklahoma House of Representatives Appropriation and Budget Chair – attended Wednesday morning’s rally sponsored by the …
OKOGA Squares Off Again With OEPA on Gross Production Tax
As Oklahoma’s legislative leaders consider how to balance the state budget, two of the state’s leading energy associations sparred again on Wednesday over the gross production tax. The Oklahoma Energy Producers Alliance (OEPA) was scheduled to hold a press conference at the State Capitol on Wednesday morning to call for an increase in the state’s …
Anadarko Shuts Down 3,000 Wells in NE Colorado Following Deadly Blast
Following a fatal home explosion, Texas-based Anadarko Petroleum Corporation will shut down nearly 3,000 vertical wells in northeastern Colorado, according to a report by The Denver Post. The massive fire occurred on April 17 in the suburban community of Firestone, Colorado, about 170 feet from a well drilled in 1993 and later acquired by Anadarko. …
WTI Inches Closer to $50 a Barrel on Wednesday as EIA Reports Large Supply Drop
As domestic oil futures settled higher and Brent crude finished lower, government data revealed the largest weekly drop in crude oil supplies for 2017, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude added 6 cents, or 0.1%, to settle at $49.62 a barrel. WTI briefly traded above $50 a …
Completion Reports April 27, 2017
CANADIAN COUNTY Devon Energy Production Co Lp Woodford(11941): Oil 340 Gas 1086 Water 2572 Flow 30 13N 8W Ted 30-13n-8w 5h, March 02, 2017 HH, OIL, TD: 16912 ft Lat: 35.56652, Long: -98.09662 API: 35017248240000 Newfield Exploration Mid-con Inc Woodford(8606): Oil 946 Gas 2734 Water 1105 Flow 27 14N 6W Stephen 1h-27x, February 22, …
Permits to Drill April 27, 2017
Alfalfa County KEPHART SWD #1-29, November 03 2016 29 25N 11W NWNWNWNE API: 00323263 Lat: 36.62260943148027, Long: -98.40496192590916 AEXCO PETROLEUM INC SH, DR, 5400 ft, TONKAWA(4750), COTTAGE GROVE(5140) Blaine County TWIN OAKS #1-5-8XH, April 26 2017 32 18N 12W SWSESESE API: 01123788 Lat: 35.98585471732872, Long: -98.49527877213262 COUNCIL OAK RESOURCES LLC HH, DR, 17930 ft, …