Texas regulators tabled a decision Tuesday about whether to allow oil production quotas and instead are forming a task force to consider how to aid the state’s ailing energy industry.
Articles from Craddick
Gulfport Energy Corp. said its latest well in the South Central Oklahoma Oil Province (SCOOP) came online at an initial production rate of 19.7 MMcfe/d. The EJ Craddock 8-28X21H Woodford Shale well is in the wet gas window of Grady County. Initial production included 55% natural gas, 26% oil and 19% natural gas liquids. The EJ Craddock is the fourth set of operated results the company has released since it entered the SCOOP earlier this year after acquiring Vitruvian II Woodford LLC. The company has also drilled Springer Shale and Sycamore formation wells. It has other Woodford wells in various stages of development.
Public Utilities Commission of Ohio (PUCO) Commissioner M. Howard Petricoff said Friday that he would step down, after the state Senate Public Utilities Committee in a rare move voted Thursday to oppose his appointment. Petricoff, a Democrat, was nominated in June by Republican Gov. John Kasich. He has been serving without confirmation since. He retired in 2015 after nearly 30 years with the Columbus-based law firm, Vorys, Sater, Seymour and Pease LLP, which has represented energy clients in high-profile cases in the state. Petricoff was the only Democrat serving on the PUCO. While the full Senate didn’t vote on his appointment, some Republicans in the chamber expressed uncertainty about his previous work on behalf of natural gas suppliers and electricity providers. Petricoff released a statement saying “I am grateful for the governor’s trust, and out of respect for that trust, I see no value in subjecting his appointment of me — nor the good efforts of the nominating council — to an unfortunate outcome.” PUCO Chairman Asim Haque said he was saddened by the Senate’s position and noted that Petricoff has “four decades of experience as a utility expert.”