Eight western states, including New Mexico and Colorado are part of a collaborative efforts to create the largest electric vehicle corridor in the U.S. Leaders reached an agreement to develop the country’s biggest charging network, one that will even offer services into rural areas reported Town Lift. Click here for Town Lift
July 2022 archive
Unit Corporation executive steps down
Nearly two years after he gained a promotion amidst an executive leadership shakeup at Tulsa’s Unit Corporation, Senior Vice President and Chief Operating Officer David P. Dunham is leaving the energy company. His departure was announced this week in a filing with the Securities and Exchange Commission in which Unit Corporation stated that he …
Falling Continental Resources shares make Hamm’s offer look stronger
Billionaire Harold Hamm’s $70 a share offer to take Continental Resources private might be looking more and more attractive these days. Especially since prices for a share of the company he founded in the late 1960s have fallen since he made the offer in mid-June. Three weeks later and Continental shares have dropped closer …
Canoo delays plant construction in Oklahoma
Electric vehicle maker Canoo now says its plant in Pryor in northeast Oklahoma won’t be completed until 2024 while the manufacturer deals with money issues. Canoo announced earlier in the year it intended to build the manufacturing plant in Oklahoma and also move its headquarters to Bentonville in Northwest Arkansas. Click here for KNWA …
Headlines of other energy news stories
** The Department of Energy is opening up funding to states and tribes to strengthen their power grids against extreme weather events. ** A growing number of consumers are eager to buy a battery electric vehicle, especially if certain concerns related to EV ownership are addressed, such as creating greater access to charging, extending vehicle range, and lowering purchase prices, according …
Permits to drill for July 6, 2022
Beaver County BARBY C-12 #3, July 06 2022 12 4N 26EC CN2SWSE API: 00722766 LATIGO OIL AND GAS INC SH, RC, 6000 ft, KANSAS CITY(5500), MARMATON(5810) Coal County MILLER #2-17, July 06 2022 17 1N 8E S2NWNWSE API: 02921230 Lat: 34.55485771222213, Long: -96.48460662018698 GULF EXPLORATION LLC SH, RC, 5971 ft, VIOLA(4834) Dewey County 3C FARMS 14 BO …
Completion reports for July 6, 2022
completions: none were processed today
Crude oil prices take another plunge
Crude oil prices took another dip in Wednesday’s trading as both WTI and Brent crude dropped about 2% to a 12-week low—another sign of investors growing more worried about energy demand and an expected global recession. It was the second straight day of price declines as West Texas Intermediate crude for August delivery fell …
OGE doesn’t anticipate power interruptions in extreme heat
Oklahoma’s largest utility, Oklahoma Gas & Electricity notified customers Wednesday that despite the triple-digit temperatures over the next several days, they probably won’t need to take any energy conservation actions at this time. The utility also said it did not anticipate any power interruptions or so-called “rolling brownouts” due to extreme electricity demand. OG&E …
Ovintiv sells holdings in Bakken and Uinta Basins
Ovintiv Inc. announced Wednesday the $250 million sale of some of its assets in the Uinta and Bakken Basins and said it intends to use proceeds to increase cash returns to investors. The Denver-based company, with a heavy commitment in Oklahoma, said the sale involved two counter parties but did not identify them. …