Ovintiv Inc., the company with a history of large producing oil wells in Kingfisher County, announced this week the completion of its $4.2 billion acquisition of core Midland Basin assets in West Texas. The Permian deal involved its purchase of assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources. The acquisition …
Category: Oil & Gas
Other energy highlights
** The inflation rate is down slightly but is still two times higher than the Federal Reserve’s ideal rate of 2%, according to Tuesday’s Consumer Price Index Report, which showed that the prices of U.S. goods and services increased 4% in May compared to the previous 12 months. ** In a weekend speech to Georgia Republicans, former President …
Newest producing wells are in Kingfisher and Canadian Counties
Among the latest completion reports filed on Oklahoma wells is a June 2022 well in Kingfisher County by Ovintiv USA Inc. with production of more than 1,000 barrels of oil a day. The Kretchmar 1507 2h-2x, drilled at 35 16N 7W, a site about a mile southeast of the city of Kingfisher produced 1,003 …
Another weak day in trading for oil prices and Oklahoma energy stocks
Crude oil prices and Oklahoma energy stocks took dives in Monday’s trading—crude oil by 4% and some energy stocks by 6%. The drop in crude came after analysts pointed to increasing global supplies and concerns about demand growth. Their worries were expressed as the U.S. Federal Reserve meets later in the week. West Texas Intermediate …
Cleanup recovers 1,125 barrels of oil from contaminated Garfield County creek
Nearly 2,000 barrels of oil and oil water have been recovered to date since the early June oil spill into a creek near the northern Oklahoma town of Kremlin. An update from the Oklahoma Corporation Commission showed 1,125 barrels of oil were recovered during the cleanup operation along the 9-Mile Creek. Another 802 barrels …
Oklahoma launches study of alternative highway funding
A statewide transportation research project mandated by the Oklahoma legislature is getting underway with a pilot project and it needs some help from Oklahomans across the state. It is called Fair Miles Oklahoma, an Oklahoma Department of Transportation research program aimed at identifying alternative approaches to funding the state’s transportation needs. The pay-per-mile pilot …
Reports show more BCE-Mach III activity in northwest Oklahoma
A series of three wells drilled in Kingfisher County by BCE-Mach III LLC was reported to Oklahoma regulators. They were among four BCE-Mach wells to be drilled in the past 12 months in northwest Oklahoma. Completion reports were filed, indicating one of the Kingfisher County wells was completed in January of 2023 while the …
Texas Railroad Commissioners fight Biden’s fossil fuel war
The Texas Railroad Commission has decided to stand up and fight the Biden’s Department of Transportation over its Railway Safety Act of 2023, a measure that could give the DOT the power to limit the transportation of fossil fuel-based energy products on freight cars. Railroad Commission chairman Christi Craddick, along with Commissioners Wayne Christian …
Nation’s biggest private oil and gas producers list is headed by Continental Resources and Ascent Resources
A new report states that two Oklahoma City-based energy companies, Continental Resources and Ascent Resources, are some of the most prolific private oil and gas producers in the U.S. The listing by Enverus Intelligence Research, a subsidiary of Enverus, was based on gross operated production last year. Continental and Ascent were followed by …
Tribes buy idle oil pipeline in North Dakota
While the picture has been painted over the past few years that Native American tribes are totally opposed to oil and gas operations, that’s not so. And the case was made over the weekend when it was announced that a tribe in North Dakota acquired an idle pipeline to help deliver oil from …