Author's posts
Oil recovery boosts New Mexico’s revenues
New Mexico’s oil production is recovering from the pandemic despite fewer oil rigs according to state officials who said this week revenues are tracking ahead of forecasts by nearly $350 million. A state official who testified before a legislative committee this week indicated overall gross receipts tax collections are still down compared with fiscal …
New Mexico stream access fight attracts US Senator
The long-running dispute in New Mexico over public access to rivers and streams that flow through private property has attracted the attention of Democratic U.S Sen. Martin Heinrich. He’s opposed to a 3-year old state Game Commission rule that gives landowners the ability to petition state officials to certify the waters on private property …
Keystone XL pipeline is officially dead
This week’s decision by TC Energy to officially pull out of development of the Keystone XL oil sands pipeline drew quick responses from Oklahomans in congress and others who supported the project. The abandonment left the Keystone officially dead and in the obituary columns. Oklahoma U.S. Rep. Markwayne Mullin immediately tweeted his reaction. Markwayne …
Inhofe blasts Biden reversal of Trump water rule
The Biden administration’s EPA decision this week to reverse the 2020 Navigable Waters Protection Rule drawn up by the Trump administration drew a rebuke from Oklahoma U.S. Sen. Jim Inhofe. The senior member of the Senate Environment and Public Works Committee was a supporter of the rule that replaced the illegal Obama-era Waters of …
$2 billion Devon note exchange completed
Devon Energy says it finished a nearly $2 billion offer to exchange notes of WPX Energy Inc., the Tulsa firm that merged with Devon earlier this year. In a filing with the Securities Exchange Commission, Devon stated it exchanged approximately $1.96 billion or 97.45% of the WPX notes that were outstanding. The WPX notes …
Oklahoma ports of entry produce revenue
Violations by truckers entering Oklahoma brought in more than $900,000 in revenue for the state Corporation Commission during the month of April. Commissioners were told this week that the Motor Carrier Division issued nearly 4,500 citations to drivers who stopped at weigh stations and ports of entry. Oklahoma has four ports of entry and …
Completion reports for June 9, 2021
CANADIAN COUNTY Citizen Energy Iii Llc Woodford(11940): Oil 125 Gas 1817 Water 1128 Flow 8 11N 8W Jensen 2h-8-17, July 22, 2020 HH, OIL, TD: 22065 ft Lat: 35.44872, Long: -98.07522 API: 35017256190000 KINGFISHER COUNTY Red Bluff Resources Operating Llc Mississippian (less Chester)(7466): Oil 480 Gas 1394 Water 1751 Pump 33 15N 5W Simmons 3-33mh, August 02, 2018 HH, OIL, TD: 12153 ft Lat: 35.73827, Long: …
Permits to drill for June 9, 2021
Hughes County POCAHONTAS #1-15-3WH, June 09 2021 21 8N 12E NWNENENE API: 06324930 Lat: 35.15881236627095, Long: -96.03808388737227 CALYX ENERGY III LLC MU, DR, 15500 ft, MAYES(4680), WOODFORD(4770), SYLVAN(4821) Hughes County POCAHONTAS #1-15-3WH, June 09 2021 21 8N 12E NWNENENE API: 06324930 Lat: 35.15881236627095, Long: -96.03808388737227 CALYX ENERGY III LLC MU, DR, 15500 ft, MAYES(4680), WOODFORD(4770), SYLVAN(4821) Tulsa …
Crude oil rallied then slipped on Wednesday
Crude oil prices couldn’t hold the grounds they gained in a Wednesday rally that saw Brent crude reach its highest mark since May 20, 2019. West Texas Intermediate crude for July delivery, a day after settling above $70 a barrel continued to rise and hit $70.62, the highest since Oct. 17, 2018 before it …
Corporation Commission to reopen headquarters
The Oklahoma Corporation Commission is preparing to reopen the Jim Thorpe building which houses its headquarters at the State Capitol to the public following its closure due to the coronavirus pandemic in 2020. Plans call for the building to be reopened after June 12 according to Tim Rhodes, the commission’s Director of Administration who …
