Business
USDA to provide $3 billion-plus to producers impacted by 2022 natural disasters
WASHINGTON, Oct. 27, 2023 - The U. S Department of Agriculture (USDA) will provide more than $3 billion to commodity and specialty crop producers impacted by natural disaster events in 2022. Eligible impacted producers can apply for financial assistance through the Emergency Relief Program (ERP) 2022. The program will help offset the financial impacts of crop yield and value losses from qualifying disasters occurring in 2022.
Beneficial rainfall leads to above-average fall planted wheat
Timely rainfall in some areas has been highly beneficial for the fall wheat crop, according to a Texas A&M AgriLife Extension Service expert.
The 2024 fall wheat crop is expected to produce better yields as we enter the El Niño weather events. (Texas A&M AgriLife photo by Laura McKenzie)
Oil & Gas Report: Weekly Drilling Intents & Completions
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BUSINESS BRIEFS
Texas Drilling Permit and Completion Statistics for September 2023
AUSTIN – The Railroad Commission of Texas issued a total of 816 original drilling permits in September 2023. The total includes 709 to drill new oil or gas wells, 10 to re-enter plugged wellbores and 80 for re-completions of existing wellbores.
Xcel Energy receives $100 million DOE grant to boost wildfire mitigation, grid resiliency
MINNEAPOLIS (Oct. 18, 2023) – Xcel Energy today announced it has been selected for a $100 million award from the U.S. Department of Energy to boost its work to reduce and mitigate the threat of wildfires and ensure the resiliency of the grid through extreme weather.
USDA’s Conservation Reserve Program pays more than $1.77 billion to producers
WASHINGTON, Oct. 16, 2023 - The U.S. Department of Agriculture (USDA) has issued more than $1.77 billion this year to agricultural producers and landowners through its Conservation Reserve Program (CRP), a critical piece of the Department’s efforts to support climate-smart agriculture and forestry on working lands. Right now, CRP’s more than 667,000 participants received payments from USDA’s Farm Service Agency (FSA) for their voluntary conservation efforts on more than 23 million acres of private land.
OIL & GAS REPORT: Weekly Drilling Intents & Completions
Intents to Drill
OCHILTREE (WOLFCREEK, Douglas) Courson Oil & Gas, Inc., #4570 Kent, (665 acres) 1320’ FEL & 1420’ FSL, Sec 570, Blk 43, H&TC RR Surv, A-718, 13 mi S from Perryton TX TD 9565’ (sgd. Zach Heflin 806-435-2910) Vertical Recompletion
Gas Completions
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Oil Completions
Comptroller Distributes $1.1 Billion in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems and special purpose districts $1.1 billion in local sales tax allocations for October, 4.5 percent more than in October 2022. These allocations are based on sales made in August by businesses that report tax monthly.
OIL & GAS REPORT
Week of October 2-8, 2023 &nbs
