Latigo Oil and Gas Inc / Gift Ranch 1 23H - Oil Extraction Facility in Balko, Oklahoma

Latigo Oil and Gas Inc / Gift Ranch 1 23H is an oil extraction facility located in Balko, Beaver County, Oklahoma, United States. The facility is operational and focuses on crude petroleum extraction, classified under NAICS code 211120. It is situated in the Anadarko Basin, a prolific oil and gas region. 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 conventional drilling and hydraulic fracturing, with wells targeting deep formations. The facility's scale is consistent with small to medium-sized operations common in the area. Oil extraction in Beaver County contributes to local employment and energy supply. The facility's operations are subject to state and federal regulations aimed at minimizing environmental impact, including groundwater protection and air emission controls. Its location in a rural area reduces proximity to dense populations, but requires careful management of produced water and well integrity.

The facility is located in the High Plains region of Oklahoma, characterized by semi-arid climate and agricultural land use. Oil extraction activities can impact local water resources through potential groundwater contamination and high water usage for hydraulic fracturing. Air emissions from drilling and production include volatile organic compounds and methane. Spill risks associated with produced water and crude oil require robust containment and response measures.