PEMA Professional Energy Marketers Association
A recent government filing revealed that New York Investment adviser, MacKay Shields, LLC is now a nearly 12% holder of shares in Oklahoma City’s Gulfport Energy Corporation. The filing with the Security and Exchange Commission showed that MacKay Shields is the beneficial owner of 2,301,790 shares or 11.67% of …
Read More »Winter storm costs from 2021 reflected in latest requests approved by Oklahoma regulators
Oklahoma Corporation Commissioners approved two more utility matters concerning fuel adjustment requests which covered extreme natural gas purchases during the 2021 winter storm. The reviews are required under state law, in which the Commissioners are tasked with the requirement that they “shall continually monitor and oversee the application of …
Read More »Oil Producers Alliance to hold legislative briefing
An energy briefing from legislators is planned in a few weeks by the Oklahoma Energy Producers Alliance. The briefing is scheduled for Monday, Jan. 23 beginning at 11 a.m. in room 535 of the State Capitol An email alert from the OEPA indicated the briefing will include a discussion …
Read More »Oklahoma energy stocks made gains while crude prices held steady Friday
Slight losses were recorded Friday in crude oil prices while Oklahoma energy stocks made gains for the day. Both crude benchmarks ended the first week of the year down because of global recession worries. West Texas Intermediate crude managed a 10-cent gain or 0.1% on Friday to settle at …
Read More »Energy committee leaders named in Oklahoma House of Representatives
The Oklahoma House of Representatives committee leadership appointments were made and that includes committees dealing with energy and energy-related issues in the approaching 59th Legislature. They include: Energy and Natural Resources Rep. Brad Boles, R-Marlow, chair Rep. Dean Davis, R-Broken Arrow, vice chair Agriculture Rep. Dell Kerbs, R-Shawnee, chair …
Read More »Nation’s drilling rig count dropped along with numbers in Oklahoma
The nation’s numbers of oil and gas rigs actively pursuing new energy sources dropped by 7 in the past week according to Baker Hughes Co. which released new figures on Friday. The national count fell to 772 and Oklahoma’s count dropped by 3 to 66. A year ago, there …
Read More »Record calendar-year revenue receipts for Oklahoma—thanks to oil and gas production
A thriving Oklahoma economy for most of 2022 helped propel Gross Receipts to the Treasury to a record calendar year high, but recently there has been a slowdown in growth, State Treasurer Randy McDaniel announced Friday. Gross production taxes on oil and natural gas total $195.1 million, an increase …
Read More »Latest STACK play wells in Oklahoma
Among Oklahoma’s latest completion reports were for two Kingfisher County wells by BCE-Mach III LLC and Ovintiv USA Inc. BCE-March filed a report on the Benda 3-16-6 2ho which produced 713 barrels of oil a day along with 585 Mcf of natural gas. Drilled at 34 17N 6W, a site …
Read More »ConocoPhillips sues Alaska over North Slope project
ConocoPhillips, the company with strong Oklahoma oil and gas ties, filed suit against Alaska in a fight with another company that wants to develop a giant North Slope prospect in the state. The suit was filed in Anchorage Superior Court and challenged an administrative decision made in December by …
Read More »Permits to drill for January 5, 2023
Ellis County JULIE 9/16 AP #1H, January 05 2023 04 17N 24W SWSESESE API: 04523884 Lat: 35.97001110916173, Long: -99.7571342984213 MEWBOURNE OIL COMPANY MU, DR, 20697 ft, CHEROKEE(10350) Ellis County LAUREN 10/15 DM #1H, January 05 2023 04 17N 24W SWSESESE API: 04523883 Lat: 35.970011110608176, Long: -99.7569991285792 MEWBOURNE OIL COMPANY HH, DR, 20716 …
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