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Tag Archives: #OklahomaEnergy

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% …

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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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Biden speech gained no traction with Oklahoma’s congressional delegation

  While Oklahoma Congressman Tom Cole was critical of the President’s State of the Union address for failing to mention energy production, others in the Oklahoma congressional delegation were also critical of the speech. Republican U.S. Sen. Markwayne Mullin said the speech was filled with “empty words, false promises and …

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OKC investment firm reaches $1 billion mark in 5 years

  Infinity Capital Partners of Oklahoma City has surpassed $1 billion in completed transactions since its founding in 2016, highlighting the rapid increase in capital investments for local businesses in recent years. More than $800 million of the capital involved in Infinity’s closed transactions was sourced from out-of-state and invested in …

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Permits to drill for February 7, 2023

Canadian County BAKER 1107 #3SMH-4, September 02 2022 33 12N 7W SESESWSE API: 01725846 Lat: 35.46495757448723, Long: -97.94234937120372 CANVAS ENERGY LLC HH, AM, 15000 ft, MISSISSIPPI LIME(10076), WOODFORD(10430) Garvin County BOOMER #1-22, February 07 2023 22 4N 3W SESWNESE API: 04924936 Lat: 34.80167739522414, Long: -97.49544955045735 CHARTER OAK PRODUCTION CO LLC SH, RC, …

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Completion reports for February 7, 2023

BLAINE COUNTY Devon Energy Production Co Lp All Zones Producing: Oil 822 Gas 7226 Water 1815 Flow 20 15N 10W Cheetah 29_32-15n-10w 4hx, November 17, 2022 HH, OIL, TD: 21730 ft Lat: 35.75494, Long: -98.28621 API: 35011243010000 Marathon Oil Company Mississippi(11787): Oil 1248 Gas 13344 Water 2520 Flow 19 15N 11W Alta Bia 1511 3-31-30mxh, November 17, 2022 HH, OIL, TD: …

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Big day for OK energy stocks as crude oil prices rose 4% in US

  Oklahoma energy stocks responded Tuesday with a strong day in trading as crude oil prices rose more than 3%. It came after Federal Reserve chairman Jerome Powell eased market worries over interest rate hikes. West Texas Intermediate crude went up 4.1% or $3.03 per barrel to finish at $77.14 …

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EIA forecasts Henry Hub natural gas prices to be 47% lower this year

  If the federal government forecast is accurate, natural gas prices at the Henry Hub in Louisiana will drop nearly half of what they were in 2022. All because of a warm winter. The forecast from the U.S. Energy Information Administration predicts natural gas prices at the Hub will average …

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State Senator wants renewable energy land leases unitized to be more equitable

  A bill before the Oklahoma legislature would unitize wind and solar farm leases much the way unitization is implemented for oil and gas production. It might result in changes to the way Oklahoma landowners are paid for such renewable energy leases. SB770 was filed by Oklahoma City Democratic Sen. …

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Basket of broadband expansion bills to be handled by Oklahoma legislators

  The effort to expand broadband service in Oklahoma has the attention of state legislators as they are set to consider at least 10 bills directly related to broadband expansion in the state. The bills include HB1965 filed by Rep. Carl Newton of Cherokee. His bill would allow existing electric …

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