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Oil production is on the rebound in North Dakota
North Dakota’s oil and gas industry, the third largest in the nation, rebounded in January from the severe cold weather of December that shut down oil and gas production. The state reported this week that production grew by 11% over the dismal December and no doubt thanks to the efforts of Oklahoma energy firms …
More energy reads
** A newly found memo shows the Biden administration was really attempting to ban gas cooking stoves in homes, even though the White House denied it. The memo from Biden Consumer Product Safety Commissioner Richard Trumka Jr. proves it. The memo, which the Biden admin tried to keep top secret, concludes: “There is sufficient information …
Shocker—Gas powered cars are cheaper to drive than EVs reports 2022 study
Grab a hold of your steering wheel. A recent study found that in 2022, it was cheaper to drive a gasoline-powered car than an electric vehicle. The study was conducted by the Anderson Economic Group in the final quarter of 2022. Its results? It found that drivers of the typical mid-priced internal combustion car …
SandRidge Energy reports more financial growth
SandRidge Energy reported continued growth in net income since the impact of the COVID-19 pandemic in the U.S., stating it had generated $242.2 million in net income for 2022 which translated to $6.59 per basic share. While SandRidge drilled less than 10 wells in the past year, it returned more than 100 …
Canoo shares continue their steep downhill ride
Five weeks after electric vehicle startup Canoo, the firm that received millions in incentives from Oklahoma and Oklahoma City, announced the sale discounted shares to raise more than $52 million, and its shares are on a downhill ride. They have lost nearly half their value from more than a month ago. When Canoo announced …
Whenever Ovintiv drills in Kingfisher County—it scores big
Credit Ovintiv USA Inc. with another big STACK play score—3 wells on a single pad with combined production of more than 5,500 barrels of oil a day. Five-thousand and 14 barrels a day to be exact. The Kingfisher county wells were completed in October of last year and Ovintiv just filed completion reports this …
Completion reports for March 15, 2023
CREEK COUNTY Travco Well Servicing Llc 5 16N 10E Williams-fox 1, September 22, 2020 null, DISP, TD: 3124 ft Lat: 35.89948, Long: -96.27497 API: 35037226700001 KINGFISHER COUNTY Ovintiv Usa Inc Mississippian(8075): Oil 1138 Gas 2344 Water 3330 Flow 1 16N 8W Dennis 1608 2h-1x, October 09, 2022 HH, OIL, TD: 18662 ft Lat: 35.89721, Long: -98.00246 API: 35073268230000 Ovintiv Usa Inc Mississippian(8075): Oil 2033 Gas …
Permits to drill for March 15, 2023
Canadian County WILLIAMS #3H-3106X, March 15 2023 31 11N 7W NWNWNENE API: 01725931 Lat: 35.390922478821324, Long: -97.97634336692643 CIMAREX ENERGY CO MU, DR, 20800 ft, WOODFORD(11370) Grady County CKSMOU #17-10-3 INJ, March 15 2023 17 3N 5W SENWSENE API: 05125024 Lat: 34.734667919275296, Long: -97.74144453388446 MACK ENERGY CO DH, DR, 10803 ft, MORROW SUBTHRUST(10216) Grady County LILLIAN #2-14-23XHW, January …
Crude fell to lowest prices in a year while OK energy stocks were battered
Not only did crude oil prices take a $5 a barrel plunge in Wednesday’s trading, but Oklahoma energy stocks suffered too, with some falling 8, 9 and 10% value for the day. Crude prices fell to their lowest level in ore than a year all because of the unease that swelled over Credit Suisse …
Crude oil in storage at Cushing declined in past week
While the government reported U.S. crude oil exports set a record of 3.6 million barrels a day in 2022, the amount of crude oil stored at the Cushing Hub in northern Oklahoma dropped in the past week. Cushing experienced a nearly 2% decline as the amount of crude in storage was 37.9 million barrels …