LATIGO OIL AND GAS INC / FREEMAN 1 31H - Oil Extraction Facility in Balko, Oklahoma

LATIGO OIL AND GAS INC / FREEMAN 1 31H is an operational oil extraction facility situated approximately 1.3 miles northwest of the intersection of E0290 Road and N1170 Road near Balko, Beaver County, Oklahoma. The facility is part of the broader oil and gas infrastructure in the Anadarko Basin, a prolific hydrocarbon province in the United States. The facility operates under the regulatory framework of the U.S. Environmental Protection Agency (EPA) and the Oklahoma Corporation Commission. Oil extraction in this region typically involves horizontal drilling and hydraulic fracturing to access tight oil formations. The facility's NAICS codes (211111 and 211120) indicate crude petroleum and natural gas extraction operations. As an oil extraction site, the facility contributes to domestic energy production and local economic activity. The Anadarko Basin is known for its substantial oil and gas reserves, and this facility plays a role in the regional supply chain. Environmental considerations include groundwater protection and air emissions management, governed by state and federal regulations.

The facility is located in a semi-arid region of the Oklahoma Panhandle, characterized by agricultural land use and low population density. Oil extraction activities in this area must manage potential impacts on groundwater resources, as the region relies on the Ogallala Aquifer for irrigation and drinking water. Air emissions from drilling and production operations are regulated under the EPA's Clean Air Act, including requirements for volatile organic compound (VOC) controls. The facility's proximity to rural communities necessitates careful management of noise and traffic.