PEMA Professional Energy Marketers Association
Canadian County JABRONI 13_12-13N-8W #1MHX, November 09 2022 24 13N 8W SWNWNENW API: 01725875 Lat: 35.593367847205194, Long: -98.00732963394366 PALOMA OPERATING CO INC HH, DR, 19000 ft, MISSISSIPPIAN(9190) Garfield County INEZ #3-11, November 09 2022 11 20N 4W SESWNENE API: 04724739 Lat: 36.22850291551384, Long: -97.58916160589341 WELLCO ENERGY INC SH, RC, 6550 ft, OSWEGO(5120) …
Read More »OK energy stocks suffered as crude prices tumbled Wednesday
An increase in U.S. crude stockpiles was blamed for a 3% or nearly $3 a barrel drop in prices on Wednesday. It also sparked huge losses for Oklahoma energy stocks with some tumbling as much as 12%. Stockpiles increased more than expected and combined with a reported rebound of …
Read More »EIA now expects U.S. natural gas prices to average above $6.00/MMBtu this winter
Get ready for higher natural gas bills this winter. The U.S. Energy Information Administration is out with its prediction that natural gas spot prices at the U.S. benchmark Henry Hub will average $6.09 per million British thermal units. That’s the highest real price since the winter of 2009-10. The forecast …
Read More »Republicans sweep Oklahoma’s congressional and statewide offices
Republican candidates for Oklahoma’s major races made a clean sweep in Tuesday’s elections, winning all five US House seats, the two U.S. Senate offices and all of the state leadership offices including the re-election of Gov. Kevin Stitt. Congressman Markwayne Mullin was elected to succeed U.S. Sen. Jim Inhofe …
Read More »Former Sen. Kim David wins Corporation Commission race
Former State Sen. Kim David will be Oklahoma’s newest Corporation Commissioner after making a sweep of her race with 64% support. The Republican candidate from Porter won Tuesday’s general election race, beating Democrat Margaret Warigia Bowman of Tulsa and Independent Don Underwood. With 95% of the votes reported Tuesday …
Read More »Completion reports for November 8, 2022
CANADIAN COUNTY Revolution Operating Company Llc Mississippian: Oil 327 Gas 455 Water 989 Gas Lift 3 11N 6W High Roller 1106 3-10 1mh, May 16, 2022 HH, OIL, TD: 19022 ft Lat: 35.46363, Long: -97.82447 API: 35017257430000 Revolution Operating Company Llc Mississippian: Oil 449 Gas 2233 Water 1255 Gas Lift 3 11N 6W High Roller 1106 3-10 2mh, May 16, 2022 …
Read More »Advocate still contends Kansas 2021 winter storm costs are suspicious
Consumers and their advocacy groups in Oklahoma, Texas and Kansas still contend there was price gouging carried out during the February 2021 Winter Storm Uri, the storm that led to billions in high costs. One such advocate isn’t giving up in Kansas where the Corporation Commission issued orders that …
Read More »County-backed solar farm to power Chevron operations near Carlsbad
A southeast New Mexico county approved construction this week of a solar farm project that will supply electrical power to Chevron USA and its Permian Basin operations south of Carlsbad. The Eddy County Board of County Commissioners voted to issue $40 million in industrial revenue bonds to finance the …
Read More »Nine Energy joins companies with major increases in profits
Active in Oklahoma’s oil patch, Houston-based Nine Energy Service, Inc. had third quarter revenues of more than $167 million and saw a 77% increase in gross profit compared to the second quarter. The company said net income was $14.3 million and adjusted EBITDA was $32.6 million. Adjusted net income for …
Read More »Crude oil prices slipped Monday while OK energy stocks rose
Still worried about China’s COVID-19 restrictions and its decreased demand for crude oil, investors sent crude oil prices falling on Monday. But Oklahoma energy prices scored strong gains for the day. West Texas Intermediate crude for December delivery dropped 82 cents or less than 1% to settle at $91.79 …
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