Xcel Energy ready to meet summer power needs
Body
AMARILLO, Texas (June 14, 2023) – Xcel Energy is ready to meet the energy needs of its Texas and New Mexico customers as temperatures and electricity demand rise this summer.
Business
Texas Oil and Gas Production Statistics for March 2023
Body
Crude oil and natural gas production as reported to the Railroad Commission of Texas (RRC) for March 2023 came from 160,742 oil wells and 87,487 gas wells.
Crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which is reported separately by the RRC. For full oil and gas production statistics, you can visit the links below.
Oil & Gas Report
Body
Intents to Drill
LIPSCOMB (LIPSCOMB, Cleveland) Duncan Oil Properties, Inc. #3550H Lovella, (642.92 acres) 270’ FSL & 1345’ FWL, Sec 550, Blk 43, H&TC RR Surv, A-978, 6.7 mi SW from Lipscomb TD 7800’, (BHL: 20’ FNL & 1000’ FWL Sec 550, Blk 43, H&TC, A-978) (sgd. Christeina Gray 405-272-1849) Horizontal
Comptroller distributes $1 billion in monthly sales tax revenue to local governments
Body
(AUSTIN) — Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems and special purpose districts $1.03 billion in local sales tax allocations for June, 2 percent more than in June 2022.
These allocations are based on sales made in April by businesses that report tax monthly.
OIL & GAS REPORT
Body
Intents to Drill
ROBERTS (ROBERTS CO., St. Louis) Hadaway Consult and Engineer, LLC, #1 Leona 6A, (685.55 acres) 12172’ FNL & 9336’ FEL, Clay CSL Surv, A-50, 16.5 mi NW from Miami TD 10947’, (BHL: 12006’ FNL & 9398’ FEL Clay CSL A-50) (sgd. Tom Douglass 512-495-6300) Directional Recompletion
Gas Completions
Texas Drilling Permit / Completion Stats / May 2023
Body
AUSTIN – The Railroad Commission of Texas issued a total of 805 original drilling permits in May 2023. The total includes 702 to drill new oil or gas wells, 11 to re-enter plugged wellbores and 85 for re-completions of existing wellbores.
The breakdown of well types for total original drilling permits in May 2023 is: 172 oil, 59 gas, 535 oil and gas, 27 injection, and 12 other permits.
USDA extends application deadline for revenue loss programs to July 14
Body
WASHINGTON, May 26, 2023 — The U.S. Department of Agriculture (USDA) is extending the deadline for the Emergency Relief Program (ERP) Phase Two and Pandemic Assistance Revenue Program (PARP) to July 14, 2023, to give producers more time to apply for assistance. The original deadline was June 2.
State Sales Tax Revenue Totaled $3.8 Billion in May
Body
(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.84 billion in May, 4.1 percent more than in May 2022. The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.
Oil & Gas Report
Body
OIL & GAS REPORT
Week of May 22-28, 2023
Intents to Drill O
LIPSCOMB (WILDCAT) Upland Exploration, LLC, #1H The Quiet Man 105/107, (435.76 acres) 808’ FNL & 294’ FWL, Sec 104, Blk 2, OK Scrip Surv, A-1460, 6.5 mi NE from Higgins TD 9000’, (BHL: 165’ FNL & 481’ FEL Sec 107, Blk 2, OK Scrip A-1517) (sgd. Bill Spencer 512-918-1062, x2) Horizontal
Oil & Gas Report
Body
Week of May 15-21, 2023
Intents to Drill
WHEELER (BUFFALO WALLOW, Granite Wash) EHVI Exploration, LLC, #1H Elmore 33-7, (980 acres) 350’ FSL & 2000’ FEL, Sec 20, Blk RE, Roberts & Eddleman Surv, A-503, 1.5 mi SW from Allison TD 15000’, (BHL: 200’ FSL & 2000’ FEL Sec 7, Blk E, G W Jacobs Surv, A-8448) (sgd. Mark Henkhaus 432-894-1857) Horizontal Amended
