August 26, 2021 archive

Rig activity shoots up in Permian Basin but falls in Anadarko Basin

  The number of rigs running in the U.S. rose by 13 in the last week to 587 as of Aug. 25, according to Enverus Rig Analytics. The count is up 3% on the month and up 115% since this time last year. The largest week-over-week changes occurred in the Permian Basin (plus nine to …

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LSB Industries set to hold special shareholders meeting

  A special stockholders meeting is planned for September by Oklahoma City-based LSB Industries, Inc. in which they’re asked to approve an exchange agreement with LSB Funding LLC, an affiliate of Eldridge Industries, LLC. LSB’s Board of Directors is recommending approval of the proposed exchange of shares held by Eldridge for shares of LSB common …

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Energy news in brief

** Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms in the Gulf of Mexico following a weekend fire. ** Yara International now expects to sail the first autonomous, fully electric cargo ship in Norway by the end of 2021. The Yara Birkeland …

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IPO filed by ConocoPhillips affiliate

  The ConocoPhillips affiliate Solaris Midstream Holdings is reported to have made an initial public offering. Reuters reported the IPO, explaining that ConocoPhillips has a 30% holding in Solaris. The company supplies water for oil and gas fracking operations and has operations in Texas and New Mexico. The IPO is expected to attract possible investors …

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