Weeks after securing a large contract with Walmart, financially challenged electric vehicle startup Canoo, the company with plans for a manufacturing plant in Pryor, Oklahoma, reported growing second quarter losses. Canoo also is moving headquarters to Bentonville, Arkansas but its quarterly report revealed a loss of $164.4 million or 68 cents per share. It …
August 2022 archive
Gas prices continue their drop as national average is now less than $4
After all-time high prices for gas across the country earlier this spring – sending national and state averages above the $5 per gallon mark for the first time in history – the national average has dropped below $4 Thursday. Price averages across the U.S. peaked at $5.01 on June 14. Now, for the first time …
Enverus rig report shows growth nationally and in Anadarko Basin
The U.S. rig count rose by six in the last week to a total of 832 as of Aug. 10, according to Enverus Foundations. The count is down 1% in the last month, but up 45% YOY. Activity reached as high as 840 rigs during the week, two rigs lower than the prior week’s …
Headlines of other energy stories
** A Terrebonne Bay oil spill on the first day of Louisiana’s inshore shrimp season has taken a toll on some local fishermen, who say they received no warning of the incident until many hours after it occurred and as a result ended up with fouled nets and oiled boats. ** Berkshire Hathaway Energy is set to …
34-square mile oil development by Occidental okayed by Colorado regulators
A huge oil and gas development by Occidental Petroleum in Colorado’s oil-rich Weld County was approved this week by state regulators. Occidental had filed the request in the spring, stating it covered at least 34-square miles on a single ranch. The company claimed it was one of its highest priorities internationally. Regulators had asked …
Completion reports for August 10, 2022
GARVIN COUNTY Marathon Oil Company Woodford(14003): Oil 93 Gas 4178 Water 98 Flow 5 3N 4W Collins 0404 1-31-30wxh, November 13, 2019 HH, GAS, TD: 24775 ft Lat: 34.76738, Long: -97.65012 API: 35049252910001 GRADY COUNTY Citizen Energy Iii Llc Mississippi Lime(10769): Oil 285 Gas 561 Water 1583 Flow 36 9N 6W Ghj&j Arterberry 1h-36-25, December 05, 2021 HH, OIL, TD: 19750 ft Lat: 35.20428, Long: -97.78485 …
Completion reports for August 9, 2022
o:Jerry Bohnen Tue, Aug 9 at 8:20 PM GARVIN COUNTY Continental Resources Inc Woodford(14692): Oil 87 Gas 2978 Water 4344 Flow 19 3N 4W Rcl 7-19-30-31xhw, March 24, 2022 HH, GAS, TD: 29770 ft Lat: 34.72399, Long: -97.65424 API: 35049253470000 Continental Resources Inc Woodford(14747): Oil 120 Gas 3985 Water 5160 Flow 19 3N 4W Rcl 6-19-30-31xhw, March 19, 2022 HH, GAS, TD: 29842 ft Lat: 34.72407, …
Permits to drill for August 9, 2022
Canadian County LITTLE SAHARA 1107 #26-23-4MXHR, August 09 2022 26 11N 7W NWSWSESE API: 01725837 Lat: 35.393308393410834, Long: -97.90598306137187 CAMINO NATURAL RESOURCES LLC MU, DR, 18288 ft, MISSISSIPPIAN(9963), WOODFORD(10285) Creek County GOOBERS GOLD #2, August 09 2022 28 15N 9E SWSESWNW API: 03729495 Lat: 35.74849828629783, Long: -96.36638856741439 WFD OIL CORPORATION SH, DR, 2525 ft, TRUE LAYTON(1300), SKINNER(2400), …
Crude oil rebounded Wednesday while OK energy stocks lost and gained
Helped by encouraging figures on U.S. gasoline demand and lower-than-expected U.S. inflation data, oil prices rose on Wednesday. Oklahoma energy stocks ended the day with some big gains and some big losses. West Texas Intermediate crude for September delivery went up $1.43 to $91.93 a barrel on the New York Mercantile Exchange. Global benchmark Brent …
Strong 2Q earnings leads Ascent Resources to increase drilling in the Utica
Oklahoma City’s Ascent Resources Utica Holdings, LLC says it’s accelerating its drilling activity n the Utica play following results of its second quarter earnings. The company reported $285 million in net income, adjusted net income of $277 million and adjusted EBITDAX of $477 million. It also incurred $272 million of total capital expenditures including …
