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Pipelines reach settlement over 2015 oil spill
Two major pipeline companies blamed for a 2015 crude oil pipeline break off the coast of California agreed this week to a $230 million lawsuit settlement that was also approved by a judge. The spill involved more than 140,000 gallons of crude oil into the ocean. A lawsuit blamed All American Pipeline, L.P. and …
North Dakota oil producers complain of shortage of trained workers
What’s holding back crude oil production in North Dakota? Simple answer according to oil and gas industry leaders who gathered recently for the North Dakota Petroleum Council annual meeting in Watford City. “A shortage of trained workers,” sited the leaders. State Mineral Resources Director Lynn Helms estimates the state has seven to 10 drilling …
Oklahoma manufacturing continues downward slide reports Federal Reserve Bank
The Kansas City Federal Reserve Bank reports that manufacturing in the Tenth District that includes Oklahoma is still on a downward slide. Chad Wilkerson, vice president and economist at the bank said it’s the findings of a recent survey. “Regional factory activity was sluggish overall in September,” said Wilkerson. “However, firms continued to add …
Completion reports for September 23, 2022
CADDO COUNTY Territory Resources Llc Deese(4860): Gas 3 Pump 2 5N 9W Gross Jr. 2-2, July 29, 2022 SH, GAS, TD: 6553 ft Lat: 34.92922, Long: -98.12323 API: 35015227260001 GRADY COUNTY Camino Natural Resources Llc Mississippian(10766): Oil 163 Gas 309 Water 3348 Flow 28 8N 5W Yippi Ki-yay 0805 21-16-4mxh, July 12, 2022 HH, OIL, TD: 21215 ft Lat: 35.14540, Long: -97.72729 API: 35051249120000 Camino …
Permits to drill for September 23, 2022
Beaver County VIOLET #1-20, September 23 2022 20 4N 25EC CNE API: 00724148 LATIGO OIL AND GAS INC SH, RC, 7800 ft, KANSAS CITY(5375), MARMATON(5800), CHEROKEE(6100), MORROW SANDS(6700), CHESTER(6900) Grady County WALTERS “A” #1, September 23 2022 23 4N 8W CN2NWSE API: 05121443 Lat: 34.8038815339803, Long: -98.00822111908109 URBAN OIL & GAS GROUP LLC SH, RC, 6275 ft, …
Devon’s STACK project proved successful
Devon Energy recently completed a four-well pad project in Oklahoma’s STACK with combined crude oil production of nearly 1,200 barrels a day. The Canadian County project, located at 5 14N 9W, a site 12 miles west of Okarche had completions in July of this year with combined production of 1,167 barrels of oil a …
Carl Icahn says the recession denied by Biden is coming
Carl Icahn, the investor who owns SandRidge Energy and most of CVR Energy in Oklahoma came out with a dire warning for investors this week, predicting a recession is likely on its way in this country. “The worst is yet to come,” he told Marketwatch at the Best New ideas in Money Festival …
Oklahoma energy stocks felt the pain of tumbling crude oil prices
What will oil prices do to start the week? Anything might be better than the 5% plunge on Friday where crude price dropped to an 8-month low and left Oklahoma energy stocks reeling. It came as the U.S. dollar hit its strongest level in more than two decades and growing fears that increasing interest …
Other energy headlines
** Stephen Chazen, an industry veteran whose career included leading Occidental Petroleum Corp. and the founding of an independent Texas oil and gas producer, died on Sept. 23 at the age of 76. ** California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters …
Permits to drill for September 22, 2022
Carter County COURBET #7-22-9XHW, September 22 2022 22 1S 3W NWSESWNE API: 01926512 Lat: 34.457720153624706, Long: -97.49885506862941 CONTINENTAL RESOURCES INC MU, DR, 21130 ft, WOODFORD(8970) Carter County COURBET #14-22-9XHM, September 22 2022 22 1S 3W NWSESWNE API: 01926511 Lat: 34.457706420486666, Long: -97.49875555312859 CONTINENTAL RESOURCES INC MU, DR, 20040 ft, SYCAMORE(8893) Coal County GEM #1-28, September 22 2022 …