PEMA Professional Energy Marketers Association
Custer County JUPITER 31-30 MRMC XH #1, November 10 2022 06 14N 15W SWNENWNE API: 03922617 Lat: 35.72439669405926, Long: -98.83364259397813 TOKLAN OIL & GAS CORPORATION HH, DR, 24000 ft, MISSISSIPPIAN(13000) Grady County OLVEY 33-4 #1WHX, November 10 2022 28 3N 5W NWSENWSW API: 05124985 Lat: 34.7004534412056, Long: -97.73645411733536 WARWICK-JUPITER LLC MU, DR, …
Read More »Canoo to build EV manufacturing plant in Oklahoma City
Oklahoma City is getting a new car plant years after GM shut down its manufacturing facility. Electric vehicle manufacturer Canoo announced it plans to locate a plant that is strategically located with easy access to roads and rail. Employment will reach more than 500 workers and Canoo said it …
Read More »Enverus reports rig activity is steady in US
The U.S. rig count rose by one rig to 888 for the week ended Nov. 9 according to the latest count provided by Enverus. The count is down 1% in the last month and up 31% in the last year. All numbers discussed are weekly peaks to avoid the …
Read More »Crude supply falls at Cushing Hub in Oklahoma
Just as U.S. crude oil stocks declined more than 3 million barrels this week, the Cushing oil hub in Oklahoma also recorded a slight decline in volume. As of Nov. 4, 2022, Cushing maintained a volume of 27.2 million barrels of oil, down from the 28.2 million reported on …
Read More »New Mexico’s staunch defender of oil and gas loses US House re-election effort
A New Mexico Republican congresswoman who defended the state’s oil and gas industry and was critical of President Biden’s attacks on the industry lost her re-election bid this week. U.S. Rep. Yvette Herrell, a Cherokee and one of four Native Americans serving in Congress lost to Democrat Gabe Vasquez …
Read More »Completion reports for November 9, 2022
CARTER COUNTY Citation Oil & Gas Corporation Deese(1072): Oil 3 Pump 22 2S 2W Southeast Tatums Unit 1-16, September 03, 2022 null, OIL, TD: 1200 ft Lat: 34.37022, Long: -97.39965 API: 35019043530002 Citation Oil & Gas Corporation Deese(1262): Oil 4 Water 81 Pump 22 2S 2W Southeast Tatums Unit 3-6, August 25, 2022 SH, OIL, TD: 1650 ft …
Read More »Permits to drill for November 9, 2022
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 …
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