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AXP turns Oklahoma gas into power as expansion plans confront tight funding

4:54pm on Friday 30th of October, 2026 AEDT • Oil and Gas
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AXP turns Oklahoma gas into power as expansion plans confront tight funding

4:54pm on Friday 30th of October, 2026 AEDT
Key Points
  • Quarterly oil production rose to 2,592 barrels and gas production to 5,060 Mcf
  • Charlie #1 recorded preliminary operating-rate equivalents of 40 barrels of oil and 95 Mcf of gas per day
  • Cash available for future operating activities was estimated at 1.53 quarters
  • US$190,800 Colorado air-quality penalty agreed without admission of liability
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