As voters stood in lines for hours to cast their ballots for President, oil prices rose in the U.S. and Europe. But analysts suggest it wasn’t the election that sent prices climbing, rather a major draw in crude oil inventories of 8.01 million barrels. The American Petroleum Institute said the draw was for the …
November 2020 archive
Mammoth Energy Services issues dire warning
The critical impact of the COVID-19 pandemic continues weighing heavily on leaders of the U.S. oil and gas industry—whether it’s a large company like Halliburton, Devon Energy or Continental Resources or the small mom and pop operations. As an example, Oklahoma City-based Mammoth Energy Services in its recent third quarter earnings report stressed how …
Would Biden’s energy plan cause the loss of 10.3 million jobs in the oil and gas industry?
In a state where nearly 17% of all Oklahoma jobs are energy related, the claims and counter claims of Joe Biden’s clean-energy plan are critical. Until the votes are counted—a task that could take a few more days—the oil and gas industry holds its collective breath, not only in Oklahoma but across other oil-producing …
Skydweller Aero Inc. Appoints New Chief Financial Officer
Oklahoma City’s newly-based Skydweller Aero Inc. announced this month that Dale F. Jordan, Jr. is joining the company as its new Chief Financial Officer. Jordan joins Skydweller Aero from Oseberg, an oil and gas information and data analytics company, where he acted as CFO. Prior to Oseberg, Jordan acted as CFO/Vice President of Finance at Acorn …
State Aeronautics Director Victor Bird retires
After a long career as head of the Oklahoma Department of Aeronautics, Director Victor Bird has retired. He spent 18 years with the Aeronautics Commission as part of his 36 years of public service to the state of Oklahoma. Bird’s emphasized promotion of the aerospace industry, one of the state’s largest industries and top …
Drilling and fracking accelerate ahead of what could be an industry-changing US election
A new report by Rystad Energy claims that drilling and fracking activity in the U.S. is on the increase. It recently announced that the increase came as voters prepared to choose a President, a choice that could affect the oil and gas industry, perhaps detrimentally because of one choice and maybe helpful in …
DEQ promotes educational grants
The Oklahoma Department of Environmental Quality is accepting grant proposals for its Environmental Education Grant Program. The grant must promote enthusiasm in youth for learning about the environment and natural resources. The grant is available for Oklahoma teachers, public or private (Preschool – 12th Grade), school environmental clubs, youth group leaders and/or organizations with …
Energy news in brief
** ConocoPhillips announced the introduction of four innovations that will further enhance the functionality of its proprietary Optimized Cascade natural gas liquefaction process or OCP™ technology, which is currently licensed in 27 processing trains worldwide. ** Canadian Solar Inc. announced its wholly-owned subsidiary, Recurrent Energy, LLC , is currently constructing the 28 MWac Maplewood 2 Solar Project for Energy Transfer , a Dallas-based Fortune 100 midstream …
Barron chosen to lead ODOT’s Comptroller Division
Christy Barron was named comptroller for the Oklahoma Department of Transportation in October 2020. Barron comes to the department from the City of Midwest City where she worked as treasurer and finance director since 2016. Prior to her time there, she served in the State Auditor and Inspector’s Office for nine years with positions …
NGL Provides Update Relating to Grand Mesa Pipeline, LLC
NGL Energy Partners LP provides this update on certain bankruptcy proceedings related to a customer of its FERC regulated subsidiary Grand Mesa Pipeline, LLC. Extraction Oil & Gas, Inc., a firm that filed Chapter 11 bankruptcy in June of this year, is a customer of Grand Mesa under two Transportation Services Agreements originally entered …