Author's posts
Manchin targets EV tax credits
If West Virginia U.S. Sen. Joe Manchin gets his wish, the Biden administration’s plan for $7,500 EV tax credits will be put on pause. It was a month ago when the Democrat, who’s been at odds with President Biden, urged the Treasury Department to delay the implementation of the tax credits. Then this week, …
New Gulfport Energy CEO on the job this week
Details of Gulfport Energy’s hiring of John Reinhart as the Oklahoma City company’s new Chief Executive Officer were revealed this week in a filing with the Securities and Exchange Commission. As part of his agreement to become CEO effective Jan. 24 of this year, Reinhart will be paid an annual salary of $785,000 and …
Headlines
** A New Mexico legislative panel advanced a bill Monday that would help local governments plan in advance for climate-related threats to public health such as wildfires, flooding, extreme heat and rapid erosion. The help would be in the form of grants up to $250,000. ** Florida Chief Financial Officer Jimmy Patronis blocked asset managers …
Permian Basin operator expands operations
Another major acquisition in the Permian Basin was revealed this week by Permian Resources Corporation, a firm that extended its operations from West Texas into the New Mexico side of the oil-rich region. The company announced it had purchased 4,000 leasehold acres and 3,300 royalty acres in Lea County in a $98 million deal …
Devon Energy’s latest producers in Oklahoma’s Blaine County
Devon Energy has found a highly producing area of oil in a Blaine County area, reporting three more significant wells in the region where it had previously finished other big producers. Three Devon Energy wells drilled on the same Blaine County pad produced 1,850 barrels of oil a day when they were completed in …
Blackrock’s investments in another Oklahoma energy company
A required filing with the Securities and Exchange Commission shows Blackrock Inc. is a major investor in a third Oklahoma energy company in addition to ONEOK and ONEGAS. A filing by Williams Cos. showed the New York-based company owns 9.9% of the company’s publicly traded shares. It totals 110,124,139 sole voting power shares out …
OGE alerts customers to higher monthly fuel costs
Even as one Oklahoma Corporation Commissioner is publicly challenging the fuel adjustment costs of the state’s major public utilities, Oklahoma Gas & Electric tells its customers their monthly fuel charges will increase this month. OG&E notified customers in their monthly bills that they can expect to see an increase of 4.8% to the fuel …
Permits to drill for January 24, 2023
Caddo County BROGDEN #2H-6-7, January 24 2023 06 12N 11W NWNWNWSE API: 01523333 Lat: 35.542979450792565, Long: -98.40282213554653 CITIZEN ENERGY III LLC MU, DR, 22300 ft, MISSISSIPPIAN(14800) Caddo County BROGDEN #1H-6-31, January 24 2023 06 12N 11W NWNWNWSE API: 01523332 Lat: 35.54306186604662, Long: -98.4028221436961 CITIZEN ENERGY III LLC MU, DR, 22550 ft, MISSISSIPPIAN(14200) Carter County HHU #733, January …
Completion reports for January 24, 2023
BLAINE COUNTY Devon Energy Production Co Lp All Zones Producing: Oil 557 Gas 4045 Water 1890 Flow 21 15N 10W Parker 28_33-15n-10w 4hx, November 11, 2022 HH, OIL, TD: 21655 ft Lat: 35.75517, Long: -98.26876 API: 35011242970000 Devon Energy Production Co Lp All Zones Producing: Oil 644 Gas 4611 Flow 21 15N 10W Parker 28_33-15n-10w 5hx, November 11, 2022 HH, OIL, TD: 21748 ft Lat: …
Regulator challenges utilities over fuel adjustment costs
Oklahoma Corporation Commissioner Bob Anthony raised the stakes for the state’s three major utilities as they seek 2021 fuel cost adjustments. At the same time, he issued a challenge to his two fellow commissioners. In a filing this week, the commissioner raised questions about the costs of Oklahoma Natural Gas, Oklahoma Gas & …
