January 21, 2023 archive

Ovintiv and Cimarex report major producing wells in Canadian County

  Ovintiv USA moved some of it STACK success from Kingfisher to Canadian County where the company reported completion of two single-pad wells with combined production of more than 2,600 barrels of oil a day. The firm completed the two Bohlman wells in July 2022 and filed the reports this week. Located at 3 13N …

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Crude made $1 gain in Friday’s trading as OK energy stocks improved too

A $1 a barrel gain was recorded Friday by crude oil prices and at the same time, most Oklahoma energy stocks made increases too, in some cases 5% and 6%. Brighter economic prospects in China prompted the crude oil gains because investors believe improvements in the Communist country will mean greater demand for crude. West …

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Texas regulators vote to overhaul ERCOT power market

  Texas utility regulators voted overwhelmingly to overhaul the state’s electricity market even though critics contend it will increase costs for consumers. The 5-0 vote by the Public Utility Commission of Texas will put the final result in the hands of legislators reported the Austin American-Statesman. Click here for American-Statesman