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Mystery resignation of accounting firm for Empire Petroleum
Empire Petroleum Corporation’s independent registered public accounting firm mysteriously resigned this week, leaving Empire’s leadership with no public explanation. In a filing with the Securities and Exchange Commission, Empire revealed that Moss Adams resigned as its accounting firm on August 18, 2022. Empire stated that Moss Adams, one of the 14 largest Accounting …
Enverus warns of storm clouds coming for oil prices
A subsidiary of Enverus, the Austin-based company that supplies rig counts every week is warning the oil and gas industry of coming times of lower oil and natural gas prices. The cautionary note came this week from Enverus Intelligence Research which released its latest FundamentalEdge report. “The surging dollar, signs of weakening U.S./Chinese economies …
Occidental Petroleum plans carbon capture project in Texas
The site in Texas hasn’t been revealed but Occidental Petroleum Corp plans construction this fall on its first carbon capture project. Word was revealed this week in Denver where an Occidental leader spoke at the Colorado Oil and Gas Association’s annual summit reported Reuters. Click here for Reuters
Enviros want more restrictions on home furnaces
If more than two dozen environmental groups have their way, the government will put tighter restrictions on climate regulations produced by our home heaters. Homeowners might even be forced to swap out heating and hot water furnaces. A coalition of 26 climate change, public health and environmental justice advocacy groups petitioned the Environmental Protection …
Former Sen. David wins GOP runoff for Corporation Commission
Former State Sen. Kim David won the Republican primary runoff on Tuesday, gathering more than 59% in her victory over former State Rep. Todd Thomsen. With 100% of the state’s precincts reporting last night, the Oklahoma Election Board showed David received 198,752 votes or 59.12% of the 268,529 total votes statewide in the runoff …
Permits to drill for August 23, 2022
Kay County JOEL #1-35, August 23 2022 35 25N 1W CSWSENW API: 07124039 Lat: 36.60189347483832, Long: -97.2771621114307 KODA OPERATING LLC SH, RC, 4902 ft, LAYTON(3370) Kingfisher County REDTAIL 13-15N-8W #3H, August 23 2022 13 15N 8W SESWSWSE API: 07326914 Lat: 35.7696174382535, Long: -98.00202862595481 DEVON ENERGY PRODUCTION CO LP HH, DR, 13663 ft, MISSISSIPPIAN (LESS CHESTER)(8700), WOODFORD(9250) Kingfisher …
Completion reports for August 23, 2022
:Jerry Bohnen Tue, Aug 23 at 8:21 PM CANADIAN COUNTY Canvas Energy Llc Mississippian(9850): Oil 487 Gas 1646 Water 473 Flwg Woodford(9910): Oil 20 Gas 69 Water 20 Flwg 3 12N 7W Marble 1307 3smh-34, March 11, 2022 HH, OIL, TD: 14948 ft Lat: 35.55072, Long: -97.93307 API: 35017257080000
Crude prices rose 4% while Oklahoma energy stocks had mild gains
Saudi Arabia’s talk of OPEC+ cuts if the US goes ahead with an Iranian nuclear deal that could clear the way for more Iranian crude to hit the world markets led to a 4% gain in crude prices Tuesday. West Texas Intermediate crude for October delivery went up $3.38 to $93.74 a barrel on …
Oklahoma regulators to meet Thursday
Oklahoma Corporation Commissioners plan a regular meeting Thursday morning. The agenda, as released this week, will consider votes of issues on the 24-hour signing agenda docket. There might be new business but the agenda did not reflect any special issue to be decided. The meeting is scheduled to begin at 9:30 a.m.
Crawley did well in Oklahoma’s Dewey County
Dewey County exploration proved successful for Oklahoma City-based Crawley Petroleum Corporation as it recently reported completion of two wells, one with more than 1,100 barrels oil a day in production. Located at 28 19N 14W , a site about 6 miles northwest of the town of Canton, the Hewitt 2-28mhx was completed in June with production …