PEMA Professional Energy Marketers Association
Garvin County LILY #1-29-20GXH, April 19 2023 32 4N 4W SENENWNW API: 04925419 Lat: 34.78144683955471, Long: -97.64752889256913 RIMROCK RESOURCE OPERATING LLC MU, DR, 20200 ft, GODDARD(12300) Kingfisher County LINCOLN SOUTHEAST OSWEGO UNIT #35-3HO, April 19 2023 17 17N 5W SESESWSE API: 07327000 Lat: 35.94180818145109, Long: -97.75226569443674 BCE-MACH III LLC HH, DR, 11694 …
Read More »Another drop in crude oil prices and Oklahoma energy stocks
Crude oil prices dropped nearly 2% to a two-week low in Wednesday’s trading and the majority of Oklahoma energy stocks followed suit. The strengthening of the dollar caused the decline, despite a sharp drop in U.S. crude inventories. West Texas Intermediate crude for May delivery dropped 2.1% or $1.70 per …
Read More »Senator Mullin says Biden put politics over American energy prosperity
“The Biden administration prioritizes politics over American prosperity.” That’s the “in-your-face” assessment by Oklahoma U.S. Sen. Markwayne Mullin. Writing recently in the Washington Times, the Republican Senator charged the administration “has been gas-lighting our domestic energy producers for the past two years.” He accused the White House of using …
Read More »Oklahoma Senate supports bill preparing for disposal of wind farm blades
A bill designed to put strict requirements on wind turbine blade disposal operators won nearly a unanimous support in the Oklahoma Senate. House Bill 2359 was approved Wednesday on a vote of 46-1 with the lone opposing vote coming from Sen. Nathan Dahm. The bill already received unanimous support …
Read More »FERC denies Southwest Power Pool plan for self-funding of transmission line improvements
Efforts by the Southwest Power Pool to standardize a pathway for transmission owners to build and profit from network upgrades were rejected recently by the Federal Energy Regulatory Commission. Oklahoma is a member of the Power Pool. The plan was opposed by the American Clean Power Association which argued …
Read More »Completion reports for April 18, 2023
BECKHAM COUNTY Unbridled Resources Llc Granite Wash Up (mo)(10700): Oil 480 Gas 1260 Water 748 Flow 21 11N 26W Blevins 16×9-11-26 1hc, October 16, 2022 HH, GAS, TD: 19994 ft Lat: 35.42042, Long: -99.95446 API: 35009219980003 CREEK COUNTY Enterprise Energy Exploration Inc Bartlesville(2913): Oil 2 Gas 25 Pump 11 18N 7E Badger 4a, February 02, 2023 SH, GAS, TD: 3404 …
Read More »Permits to drill for April 18, 2023
Garvin County LILY #2-29-20GXH, April 18 2023 32 4N 4W SENENWNW API: 04925160 Lat: 34.781504537499444, Long: -97.64752889009985 RIMROCK RESOURCE OPERATING LLC MU, DP, 19100 ft, GODDARD(11700) Garvin County BLACK BEAR ##1 SWD, April 18 2023 30 1N 3W NENESWNW API: 04925417 Lat: 34.531675155514606, Long: -97.55892827870214 CONTINENTAL RESOURCES INC SH, DR, 5898 ft, …
Read More »Crude oil held steady in Tuesday’s trading
Tuesday brought weak changes in crude oil prices as investors learned of positive economic data about No. 2 oil consumer China. It dampened some existing worries that U.S. interest rates could be raised in the coming weeks. West Texas Intermediate crude closed up 3 cents or 0.04% at $80.86 …
Read More »Alliance Resource investors await 1Q financial results
Alliance Resource Partners, L.P. plans to release its first quarter 2023 financial results before the market opens on Tuesday, May 2, 2023. Executives and investors will no doubt be expecting another strong financial performance for the firm following its record performance in 2022. The Tulsa company, with major coal …
Read More »Colorado politicians try to reverse oil train decision
The fight by some Colorado residents and politicians is heating up against a planned railway service to transport crude oil out of Utah and through Colorado. Some members of the state’s congressional delegation are opposed to the Uinta Basin Railway, an 88-mile railroad to collect the oil fields of …
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