September 24, 2022 archive

Devon’s STACK project proved successful

    Devon Energy recently completed a four-well pad project in Oklahoma’s STACK with combined crude oil production of nearly 1,200 barrels a day. The Canadian County project, located at 5 14N 9W, a site 12 miles west of Okarche had completions in July of this year with combined production of 1,167 barrels of oil a …

Continue reading »

Carl Icahn says the recession denied by Biden is coming

    Carl Icahn, the investor who owns SandRidge Energy and most of CVR Energy in Oklahoma came out with a dire warning for investors this week, predicting a recession is likely on its way in this country. “The worst is yet to come,” he told Marketwatch at the Best New ideas in Money Festival …

Continue reading »

Oklahoma energy stocks felt the pain of tumbling crude oil prices

  What will oil prices do to start the week?  Anything might be better than the 5% plunge on Friday where crude price dropped to an 8-month low and left Oklahoma energy stocks reeling. It came as the U.S. dollar hit its strongest level in more than two decades and growing fears that increasing interest …

Continue reading »

Other energy headlines

** Stephen Chazen, an industry veteran whose career included leading Occidental Petroleum Corp. and the founding of an independent Texas oil and gas producer, died on Sept. 23 at the age of 76. ** California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters …

Continue reading »