Thursday , May 16 2024

OK Energy News

Completion reports for December 29, 2022

CADDO COUNTY Kirkpatrick Oil Company Inc Marchand(10166): Oil 20 Water 13 Pump 32 9N 9W Tate 2-32, October 14, 2022 SH, OIL, TD: 10625 ft Lat: 35.21193, Long: -98.16642 API: 35015233270000 CANADIAN COUNTY Camino Natural Resources Llc Mississippian(9719): Oil 380 Gas 1582 Water 478 Flow 33 11N 6W Wheelock 1106 33-1mh, October 14, 2022 HH, OIL, TD: 14649 ft Lat: …

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Oklahoma legislators prepare for 2023 session

Organizational day for Oklahoma legislators, the ones who will handle important energy issues in the state, will be Tuesday, January 3. The 59th Oklahoma legislature will take the steps to prepare for the first day of session set for Monday, Feb. 6. Beginning at noon, the House will take constitutionally-required …

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OK energy stocks made gains while crude oil prices dropped

  While crude oil prices took a tumble in Thursday’s trading, Oklahoma energy stocks recorded gains for the day. Crude oil prices dropped because of the surge in COVID cases in China, something that resulted in growing fears of a global economic downturn. West Texas Intermediate crude for delivery in …

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Crude oil in storage at Cushing hub remains steady

  Crude oil in storage at the Cushing hub in northern Oklahoma held steady in the past week. The U.S. Energy Information Administration reported a total of 25 million barrels of oil were stored at the Cushing hub as of Dec. 23, 2022, the latest reporting period. It was down …

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State regulators deal with staff shortage

  The Christmas Holiday had an obvious affect on Oklahoma regulators this week as their Thursday morning meeting was nearly 20 minutes late before getting underway. The 9:30 a.m. scheduled meeting finally began at 9:48 a.m. and Chairwoman Dana Murphy immediately apologized, explaining different offices in the agency were short …

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National rig count is steady reported Enverus

  A weekly report on rig activity by Enverus showed only a gain of one rig in the U.S. compared to the previous week. It also indicated a decline of two rigs in the Anadarko Basin while the Permian Basin gained two rigs. The total U.S. count reached 872 during …

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Oil and gas activity remains positive in Texas despite slowdown

  A new Dallas Fed Energy Survey claims oil and gas activity still grew in the fourth quarter 2022 but also showed a slowdown from previous months. The survey by the Eleventh District of the Federal Reserve Bank of Dallas was based on the response of oil and gas executives. …

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