completions: none were processed today
July 5, 2021 archive
Permits to drill for July 5, 2021
permits: none were processed today
Nation’s oil and gas rig count increased in past week
The number oil oil and gas rigs actively seeking new energy in the U.S. rose by 5 in the past week to reach 475 while Oklahoma’s numbers were unchanged. Oklahoma’s rig count remained at 27 compared to the 10 rigs reported one year ago this past week according to figures supplied by Baker Hughes …
Despite Friday slip, US crude oil prices remain above $75
Investors await Tuesday’s crude oil trading to see if US prices rebound from the Friday slip and whether European prices continue their climb upward. The drop in the benchmark U.S. crude oil prices also dragged some Oklahoma energy stocks with it. West Texas Intermediate crude oil for August delivery slipped 7 cents to $75.16 …
Gasoline demand results in drop in Cushing crude oil storage total
The summer driving season is here and with it an increased demand for gasoline which in turn caused a drop in the amount of domestic crude oil in storage at the Cushing hub in northern Oklahoma. Reports indicate inventories at Cushing fell by 1.5 million barrels in the week leading up to June 25 …
Railways to build operation to supply oil to Mexico
Kansas City Southern and Midstream Texas Operating LLC announced a long-term commercial agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi, Texas into Mexico. Operations are expected to begin in fourth quarter 2021. “KCS is looking forward to working with MTO to expand infrastructure to supply petroleum products to Mexico …
Energy news in brief
** General Motors Co is investing in a U.S. lithium project that could become the country’s largest by 2024, making the automaker one of the first to develop its own source of a battery metal crucial for the electrification of cars and trucks. ** Three major European truck manufacturers – Daimler Trucks, AB Volvo and Traton – …
