Business

OIL & GAS REPORT

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Intents to Drill

HEMPHILL (LIPSCOMB, S.E., Cleveland) Mewbourne Oil Company, #C001lP Urschel 49/3, (1941.55 acres) 2540’ FSL & 1320’ FEL, Sec 49, Blk 1, G&M Surv, A-479, 8 mi NE from Canadian TD 9279’, (BHL: 330’ FSL & 1000’ FEL Sec 3,TT RR Surv, A-429) (sgd. Jana Cates 806-352-7520, x1625) Horizontal

Weekly Drilling Intents & Completions Report

Texas Comptroller announces transfer of $8.5 billion to State Highway and Rainy Day Funds

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AUSTIN—Texas Comptroller Glenn Hegar announced today he has completed the transfer of about $3.06 billion into the State Highway Fund (SHF) and $5.46 billion to the Economic Stabilization Fund (ESF; commonly known as the “Rainy Day Fund”). The Rainy Day Fund, which normally receives the same amount as the SHF, received $2.41 billion more because of the general revenue (GR) surplus at the end of fiscal 2023.

State Comptroller fund transfers

Oil & Gas Report: Weekly Drilling Intents & Completions

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Intents to Drill

None

Gas Completions

ROBERTS (ST. CLAIR, Granite Wash) Texakoma E & P, LLC, #409 McMordie, 15 mi NW from Miami, Sec 9, Blk A2, EL&RR RR Surv, A-455, spud 1-22-2022 compl 9-16-2022, tested 10-24-2023, potential 448 mcf, 5 bbls cond, 3 bbls wtr, 80# ftp, 190# SIWHP, TVD 9750’, PBD 9963’ API 42-393-32745, Vertical Reclass Oil to Gas

Panhandle Area Oil & Gas Drilling and Completions Report

Xcel Energy names Tonya Tyler to development role

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AMARILLO, Texas (Nov. 29, 2023) – Tonya Tyler, a longtime Xcel Energy employee in Amarillo, has been named manager for Corporate Economic Development in the company’s Texas-New Mexico service area, a new position that will enhance the company’s support for regional economic development efforts.

Xcel Energy

OIL & GAS REPORT

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Intents to Drill

OCHILTREE (PAN PETRO, Cleveland) Mewbourne Oil Company, #C001IP LaMaster-Davis 207/146 A, (1280 acres) 2180’ FNL & 1115’ FEL, Sec 207, Blk 43, H&TC RR Surv, A-155, 24 mi SE from Perryton TX TD 8321’, (BHL: 330’ FSL & 1320’ FEL, Sec 146, Blk 43, H&TC, A-1025) (sgd. Jana Cates 806-352-7520, x1625) Horizontal

Weekly Intents to Drill, Gas & Oil Completions

OIL & GAS REPORT

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Intents to Drill

OCHILTREE (FARNSWORTH, N., K.C.-Marmaton; WILDCAT) Carson Buckles Exploration LLC, #1 Janetta, (160 acres) 2383’ FSL & 380’ FWL, Sec 10, Blk 12, H&GN RR Surv, A-1347, 3 mi NE from Farnsworth TX TD 10100’, (BHL: 2166’ FSL & 467’ FWL, Sec 10, Blk 12, H&GN, A-1347) (sgd. Carson Buckles 806-570-9628) Directional Amended

Gas Completions

Panhandle Area Oil & Gas Drilling and Completions Report

Texas RRC reports October '23 drilling permit, completion stats

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AUSTIN – The Railroad Commission of Texas issued a total of 700 original drilling permits in October 2023. The total includes 630 to drill new oil or gas wells, seven to re-enter plugged wellbores and 50 for re-completions of existing wellbores.

The breakdown of well types for total original drilling permits in October 2023 is  127 oil, 49 gas, 482 oil and gas, 32 injection, four service, and six other permits.

Texas Railroad Commission

State sales tax revenue totaled $3.8 billion in October

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(AUSTIN)  Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.81 billion in October, down 0.3 percent from October 2022. The majority of October sales tax revenue is based on sales made in September and remitted to the agency in October.

Texas Comptroller of Public Accounts News Release

OIL & GAS REPORT

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Intents to Drill

OCHILTREE (WOLFCREEK, Douglas) Courson Oil & Gas, Inc., #10 Ranch ‘A’, (666.5 acres) 1065’ FWL & 995’ FNL, Sec 574, Blk 43, H&TC RR Surv, A-946, 13 mi S from Perryton TD 6000’, (sgd. Zach Heflin 806-435-2910) Vertical

Gas Completions

None

Oil Completions

None

 

Panhandle Area Oil & Gas Drilling and Completions Report
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