PEMA Professional Energy Marketers Association
The U.S. rig count had its high point at 853 during the week ended Feb. 8, falling by four from the previous week’s peak, according to Enverus Foundations data. The count is down 2% from a month ago and up 14% YOY. All numbers discussed are weekly peaks to …
Read More »Williams executives to be featured speakers at CERAWeek in Houston
Williams President and Chief Executive Officer Alan Armstrong will be among the featured speakers at the approaching CERAWeek to be presented by S&P Global in Houston. He will speak Wednesday, March 8 at the 41st annual CERAWeek, joining the world’s energy industry leaders, experts, government officials and policymakers. Two …
Read More »Crude oil prices fell Thursday and so did most Oklahoma energy stocks
The growth of U.S. oil inventories along with continued worries by investors of Federal Reserve rate hikes sent crude oil prices down on Thursday. Some Oklahoma energy stocks lost nearly 11% in the day’s trading. West Texas Intermediate crude dropped 41 cents or 0.5% to close at $78.06 a …
Read More »Chesapeake 4Q earnings report to be released
Chesapeake Energy Corporation plans to release its fourth quarter and full-year financial results on Tuesday, February 21, 2023. The question for investors is—will the fourth quarter be as strong as the third quarter? The Oklahoma City-based company said the release will be made after the market closes on that …
Read More »Not much relief seen in Oklahoma gasoline prices
Gasoline prices eased only slightly in Oklahoma in the past week but still remain well over the $3-a-gallon level reported AAA. The group said Oklahoma’s average as of Thursday was $3.12 a gallon, down from the $3.18 reported a week earlier but still 20 cents more than the $2.92 …
Read More »Colorado refinery shutdown leads to higher gasoline prices in Rocky Mountains
Colorado environmentalists are learning what happens when the oil and gas industry stops production—gasoline prices skyrocket. It’s what has happened in the state after the December 24, 2022 shutdown of Calgary-based refiner Suncor. The company announced that the 103,000 barrel-a-day oil refinery in Commerce City had been damaged by …
Read More »Permits to drill for February 8, 2023
Canadian County KUNNEMAN 1407 #2H-29X, February 08 2023 32 14N 7W NWSWSESE API: 01725918 Lat: 35.639503433855296, Long: -97.9636264987163 OVINTIV USA INC MU, DR, 20073 ft, MISSISSIPPIAN(9127) Canadian County KUNNEMAN 1407 #4H-29X, February 08 2023 32 14N 7W NWSWSESE API: 01725919 Lat: 35.639503438740384, Long: -97.96349188768642 OVINTIV USA INC MU, DR, 19650 ft, MISSISSIPPIAN(9020) …
Read More »Completion reports for February 8, 2023
BLAINE COUNTY Continental Resources Inc All Zones Producing: Oil 22 Gas 10618 Water 1282 Flow 6 14N 13W B Perkins 3-6-7-18xhm, September 13, 2022 HH, GAS, TD: 28147 ft Lat: 35.72442, Long: -98.61916 API: 35011243040000 Marathon Oil Company Mississippi(11845): Oil 984 Gas 10488 Water 2328 Flow 30 15N 11W Alta Bia 1511 5-31-30mxh, November 21, 2022 HH, GAS, TD: 22341 ft …
Read More »Crude oil up—OK energy stocks down
Crude oil prices saw a third consecutive day of gains in Wednesday’s trading largely because of the Federal Reserve chairman’s remarks that eased worries about interest rate hikes. It didn’t seem to help Oklahoma energy stocks as they experienced mostly moderate losses. West Texas Intermediate crude rose $1.33 or 1.7% …
Read More »Treasurer reports record high tax revenue for past year in Oklahoma
Tax revenue in Oklahoma resulted in a record high in the past year according to an announcement by State Treasurer Todd Russ. It also included increased revenue from oil and natural gas taxes. The 12-month gross receipts through January totaled $17.48 billion, an increase of nearly $2 billion or …
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