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ExxonMobil reduces methane emissions in SE New Mexico
ExxonMobil announced it made large progress toward the control of air pollution emissions at one of its facilities near Carlsbad in the New Mexico part of the Permian Basin. Click here for Carlsbad Current-Argus
Devon leader promises steady hand on company’s growth
After reporting a record high quarterly dividend of $1.27 per share, Devon Energy will not be tinkering with a system that is successful not only for shareholders and investors but for the Oklahoma City company. “”Now looking beyond the current year, I want to emphasize there’s no real change to how we’ll manage our …
Regulators to be briefed on funding for well-plugging projects in Oklahoma
Oklahoma Corporation Commissioners will get an update Thursday morning on federal funding for orphaned well site plugging operations. In their 9:30 a.m. meeting, the regulators will get the update from the agency’s Oil and Gas Conservation Division regarding funding under the federal Infrastructure Investment and Jobs Act. Commissioners will also consider and take a …
Continental Resources loses court fight over $2.4 million in overbilling
The Oklahoma Supreme Court ruled against Continental Resources Inc. this week in a lawsuit in which the Oklahoma City-based oil and gas company alleged it had been overbilled $2.4 million by a North Dakota oilfield company. Continental’s lawsuit was against Wolla Oilfield Services, LLC, a North Dakota limited liability company that operates as a …
More energy headlines
** According to the most recent results from the Residential Energy Consumption Survey (RECS), 56% of U.S. homes used at least one internet streaming device with a TV in 2020—an increase from 29% in 2015. An equal percentage of U.S. homes, 56%, used at least one set-top box with a TV in 2020, which is a decline from …
Oklahoma tax collections hit record level in April but oil and gas figures declined
Oklahoma Treasurer Randy McDaniel announced gross receipts to the Treasury in April surged to a record high driven by income tax payments, but gross production taxes on oil and natural gas decreased. Revenue from gross production taxes totaled $132.1 million, a decrease of $1.6 million or 1.2%. Despite the decline for April, collections generated $1.36 …
Completion reports for May 3, 2022
CARTER COUNTY Continental Resources Inc 8 3S 3W Gallaway 2-8-7-6xhm, August 22, 2021 DH, DRY, TD: 13828 ft Lat: 34.30797, Long: -97.52941 API: 35019264480000 GRADY COUNTY Gulfport Midcon Llc 4 4N 6W Nelda 1-4x33h, December 20, 2021 DH, TA, TD: 15342 ft Lat: 34.84192, Long: -97.84053 API: 35051248750000
Permits to drill for May 3, 2022
Alfalfa County MILLER C #2, May 03 2022 31 29N 12W CSENWNE API: 00323402 Lat: 36.95398880573761, Long: -98.53256425611518 TRANS PACIFIC OIL CORPORATION SH, RC, 5600 ft, MISSISSIPPI(4900), MISENER(5290), SYLVAN DOLO(5310), VIOLA(5360), SIMPSON(5430) Canadian County DOYAL SELVIDGE #2-15, May 03 2022 15 11N 10W S2N2S2NE API: 01723128 Lat: 35.42963802834459, Long: -98.24103754011529 DEVON ENERGY PRODUCTION CO LP SH, RC, …
Supreme Court Justices blast Attorney General for “failure” to represent OGE consumers
In the Tuesday Oklahoma Supreme Court ruling that upheld the constitutionality of an act allowing utilities to seek ratepayer bonds for 2021 winter storm costs, Attorney General John O’Connor was taken to the wood shed by one Justice for not standing up for the consumers of Oklahoma. “The utility consumers that the Attorney General …
Gulfport Energy reports strong quarterly showing
Improved earnings and natural gas production for Gulfport Energy Corporation led the company to expand its stock repurchasing program. The company reported Tuesday its first quarter financial results showing $235 million of adjusted EBITDA. The company also said it was moving to expand its stock repurchasing program from $100 million to $200 million. In …
