It didn’t take former SandRidge CEO and President Carl Giesler Jr long to find a new job after resigning last week. The same day his resignation took effect on Friday, Southwestern Energy announced his appointment as Executive Vice President and Chief Financial Officer. Giesler’s appointment is effect July 19 for the company headquartered in …
July 18, 2021 archive
Crude oil held its own on Friday but Oklahoma energy stocks suffered
Crude oil prices saw only a slight increase at the close of trade on Friday, offsetting a few days of drops in price as concerns still existed over what OPEC might do and whether a rise in coronavirus cases might lead to lockdowns and depressed demand. West Texas Intermediate crude oil for August delivery …
Continental’s $2 million lawsuit against oilfield service provider to proceed
An Oklahoma City federal judge has ruled in favor of Continental Resources in a lawsuit in which it accused a North Dakota oilfield firm over fraudulently overbilling the Oklahoma company more than $2 million. The lawsuit was filed against Wolla Oilfield Services and its owner Jason Wolla in March of 2020. U.S. District Judge …
Corporation Commissioner faces more allegations in court
Another former legislator joined a State Supreme Court lawsuit challenging Oklahoma Corporation Commissioner Todd Hiett’s holding of the office. Former Rep. Mike Ritze of Broken Arrow recently became the second person to file an amicus brief in support of the lawsuit filed June 30 by former Rep. Mike Reynolds of Oklahoma City. The …
Fatal blast at Ardmore asphalt plant under investigation
The identity of a worker killed at an explosion at an asphalt plant in Ardmore, Oklahoma has yet to be released. The Friday morning blast and fire occurred at Asphalt Express around 10 a.m. and the cause remains under investigation. Jason Woydziak, the Ardmore Fire Department Training Officer told reporters a building at …
Rig activity increased in Oklahoma and US
The weekly Baker Hughes Co. rig report released Friday showed an increase in drilling activity in Oklahoma and across the rest of the country despite concerns by investors about what OPEC + will do. Oklahoma’s count grew by 2 in the past week to reach 29 active rigs, far more than the 10 rigs …
Oilman Robert Hall dead at 92
Longtime oilman Robert “Bob” Hall died last week. He was active as a petroleum engineer and had work experiences with Continental Oil Company, Bayou City Steel where was was President, Doric Corporation in OKC where he was a Vice President and also Vice President of Special Projects for Koch Oil International. In 1980, Hall …
Nuclear power plant in southeast Colorado?
Authorities in Pueblo, Colorado are exploring the possibility of nuclear power to replace an Xcel Energy coal-fired power plant that is slated to be shut down in 20 years. The Pueblo Chieftain reports County Commissioners are taking a serious look at nuclear energy as a potential replacement. Click here for Pueblo Chieftain.
Oklahoma Energy Secretary campaigns Biden administration
Oklahoma Energy Secretary Ken Wagner spent last week in the nation’s capital attempting to take advantage of the Biden administration’s climate-friendly energy policy. As KOTV News on 6 reported, Wagner thinks his chances are good. Click here for KOTV report.
Energy news in brief
** OPEC and allied nations agreed Sunday to raise the production limits imposed on five countries next year and boost their production by 2 million barrels per day by the end of this year, ending a dispute that roiled oil markets. ** A 15-square-mile donation from the Trust for Public Land increases the size of the Sabinoso Wilderness …
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