April 2023 archive

Canoo reports $80 million 4Q loss but vows to ramp up OKC plant operations

  Fourth quarter results show EV maker Canoo Inc., the company with plans to add a manufacturing plant in Oklahoma in addition to two operations underway in Pryor and Arkansas, revealed a more than $80 million loss. The loss equaled to 25 cents a share and compared to the $138.11 million or 60-cents a share …

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Quick energy reads

  ** On Monday, after the Organization of the Petroleum Exporting Countries (OPEC) announced massive oil production cuts, the White House issued a joint statement with the European Union reaffirming that clean energy adoption is critical for enhancing energy security. The statement was a status update on the U.S.-EU Task Force on Energy Security formed amid …

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Kansas legislators await Governor’s decision on controlling wind farm flashing lights

    All it takes for the state of Kansas to eliminate flashing red lights atop wind turbines is the signature of Gov. Laura Kelly. The legislature passed Senate Bill 49 and sent it t o her to b e signed into law, requiring wind farm operators to use light-mitigating technology on new and existing …

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Permits to drill for April 3, 2023

Canadian County BOO BEAR 31_30_19-13N-6W #2MHXL, April 03 2023 31 13N 6W SWSENWSW API: 01725943 Lat: 35.55527099267827, Long: -97.8846535944659 PALOMA OPERATING CO INC MU, DR, 24000 ft, MISSISSIPPIAN(8500) Canadian County LION 16_9_4-14N-9W #6HXX, April 03 2023 16 14N 9W NWSWSWNE API: 01725942 Lat: 35.690705964357655, Long: -98.16218712713405 DEVON ENERGY PRODUCTION CO LP MU, DR, 23506 ft, WOODFORD(10973) Canadian …

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Completion reports for April 3, 2023

ELLIS COUNTY Duncan Oil Properties Inc Cleveland(8838): Oil 429 Gas 1238 Water 554 Gas Lift 20 19N 25W Dld Farms 2-20hx, January 17, 2023 HH, OIL, TD: 16540 ft Lat: 36.10665, Long: -99.88378 API: 35045238740000 HARPER COUNTY Marjo Operating Mid-continent Llc Lansing-kansas City: 13 27N 22W Brawner 3-13, January 25, 2023 null, INJ, TD: 5535 ft Lat: 36.81768, Long: -99.52913 API: 35059214470001 HUGHES …

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Leadership changes announced at Gulfport Energy

  Changes of corporate officers were announced Monday at Oklahoma City’s Gulfport Energy Corporation. Michael Hodges was named Executive Vice President and Chief Financial Officer while William “”Bill” Buese will transition from the CFO role. Buese will serve as an advisor to the Company until May 3, 2023. John Reinhart, Gulfport’s Chief Executive Officer commented, …

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OK energy stocks gained up to 12% as crude oil rose 6% following OPEC+ production cut

  Crude oil prices and Oklahoma energy stocks soared in value in Monday’s trading after OPEC+ stunned markets with announced intentions to cut more production. Prices rose 6% while OK energy stocks gained as much as 11% and 12% in several instances. Investors apparently are worried that crude oil supplies will tighten following the decision …

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Increasing gasoline prices reported across Oklahoma

  Gasoline prices are on the increase in Oklahoma and the U.S. and some analysts predict we’ll pay $4 to $5 a gallon this summer. Oklahoma’s up $3.08 a gallon, an increase of 7 cents in the past w eek while nationally the average also gained 7 cents to reach $3.50 per gallon. GasBuddy says …

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Commissioner Anthony makes blistering attack over failure to investigate natural gas costs

  Oklahoma Corporation Commissioner Bob Anthony repeated his call for independent experts to review the 2021 Winter Storm Uri fuel costs claimed by PSO and ONG, and at the same time told his fellow Commissioners they were wrong in claiming the agency lacked such investigative powers. He also suggested $3 billion in fuel costs were …

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High fire dangers still exist this week in Oklahoma

  Just because the winds aren’t expected this week to be close to the 75 mile an hour wind gusts that fanned dust storms and wildfires last week in Oklahoma, doesn’t mean there will be any less concern for wildfires. After 36 homes were destroyed by fires on Friday north of Edmond, the Oklahoma Forestry …

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