Grab a hold of your steering wheel. A recent study found that in 2022, it was cheaper to drive a gasoline-powered car than an electric vehicle. The study was conducted by the Anderson Economic Group in the final quarter of 2022. Its results? It found that drivers of the typical mid-priced internal combustion car …
March 16, 2023 archive
SandRidge Energy reports more financial growth
SandRidge Energy reported continued growth in net income since the impact of the COVID-19 pandemic in the U.S., stating it had generated $242.2 million in net income for 2022 which translated to $6.59 per basic share. While SandRidge drilled less than 10 wells in the past year, it returned more than 100 …
Canoo shares continue their steep downhill ride
Five weeks after electric vehicle startup Canoo, the firm that received millions in incentives from Oklahoma and Oklahoma City, announced the sale discounted shares to raise more than $52 million, and its shares are on a downhill ride. They have lost nearly half their value from more than a month ago. When Canoo announced …
Whenever Ovintiv drills in Kingfisher County—it scores big
Credit Ovintiv USA Inc. with another big STACK play score—3 wells on a single pad with combined production of more than 5,500 barrels of oil a day. Five-thousand and 14 barrels a day to be exact. The Kingfisher county wells were completed in October of last year and Ovintiv just filed completion reports this …
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