Category: Oil & Gas

OGE dividend declared

  A fourth quarter dividend has been declared by OGE Energy Corp. The company’s Board of Directors announced the dividend was $0.4141 per common share of stock. It will be paid on Oct. 28, 2022 to shareholders of record on Oct. 11, 2022.  

Four Ovintiv wells produced 5,500 barrels of oil a day in Kingfisher County

  Wait a minute!  Ovintiv didn’t have just three wells on a single pad totaling combined production of nearly 4,000 barrels of oil a day in Oklahoma’s Kingfisher County. It was really 4 wells and 5,500 barrels of oil a day in production. A day after filing three completion reports on the wells, the company …

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Headlines of other energy stories

** Democrats dropped Sen. Joe Manchin’s proposed energy plan from a must-pass government funding bill on Tuesday after it became clear it lacked the necessary bipartisan support to advance in the Senate. ** Senate Majority Leader Chuck Schumer says he’ll work with Manchin to pass “responsible permitting reform” by the end of the year. ** After decades …

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Is Hamm’s buyout offer looking better for Continental Resources shareholders?

  Three months after billionaire Harold Hamm offered $70 a share to take his Continental Resources company private, the offer is looking better and better. Shares in the Oklahoma City company managed a 1.68% gain or $1.05 on Tuesday to finish trading at $63.70 a share. Shortly after Hamm made his original offer, one valued …

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Crude oil prices rebounded along with Oklahoma energy stocks

  Up one day, down the next seems to be the pattern of crude oil prices. On Tuesday, they finished the day up $2 from a nine-month low, mostly because of supply curbs ahead of Hurricane Ian in the U.S. Oklahoma energy stocks rebounded as well. West Texas Intermediate crude for November delivery finished up …

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GOP runoff loser in Texas Railroad Commission race endorses Democrat

  So much for party loyalty. In Texas, oil and gas attorney Sarah Stogner, the woman who forced a runoff in the Republican primary for the Texas Railroad Commission came out this week in support of the Democrat in the race rather than her formal rival, Wayne Christian. She announced her endorsement of Luke Warford who …

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Senator accuses Biden of political abuse of Strategic Petroleum Reserve

  One of Oklahoma Sen. James Lankford’s colleagues on the Senate Energy and Natural Resources committee, Sen. John Barrasso of Wyoming accused President Biden of politically abusing the nation’s Strategic Petroleum Reserve. “Instead of unleashing more American energy, President Biden uses America’s emergency reserves to solve a short-term political problem,” said the Republican Senator in …

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Oklahoma’s gasoline tax is below national average

    Ever wonder how Oklahoma’s gasoline tax stacks up against other states? The U.S. Energy Information Administration released its newest update of Federal and state motor fuels taxes table showing state gasoline taxes ranged from as low as 8.95 cents per gallon (/gal) in Alaska to as high as 65.1 cents/gal in California on July 1, …

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Other energy headlines

** While US gasoline prices have come down from the highs seen this summer, they’re clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less. **  VAALCO Energy, Inc. in Houston announced that the Government of Equatorial Guinea has approved the Venus – Block P Plan of Development …

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Ovintiv keeps finding major producing wells in Kingfisher County

  Ovintiv USA Inc., the company with a growing reputation of finding big producing wells in Oklahoma’s STACK play did it again. It recently filed completion reports on three wells drilled on a single pad with combined production approaching nearly 4,000 barrels of oil a day. Natural gas production from the Rosia wells in northern …

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