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Investors sought by LSB Industries
LSB Industries headquartered in Oklahoma City is actively looking for investors. The company announced it plans to take part in the upcoming Seaport Research Partners Annual Summer Investor Virtual Conference. LSB President and CEO Mark Behrman will take part in the event on Tuesday, August 23 beginning at 8:30 a.m. Central Time. He will …
Other headlines
** U.S. oil and gas companies generated profits worth $73.7 billion last year on the back of improving prices, with capital expenditure reaching $144.1 billion. ** A state of Michigan lawsuit that aims to force Enbridge Inc to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes will be …
City of Norman considers lawsuit against Turnpike Authority
The Oklahoma Turnpike Authority could very well be hauled into court by the city of Norman over the agency’s plans for a new turnpike project that would go through some areas of the city. Fox 25 News reported Norman city leaders are considering a lawsuit. Click here for Fox 25 News
NOG is buyer of Laredo Petroleum divestiture in Texas
Laredo Petroleum revealed in a filing with the Securities and Exchange Commission its sale of more than 1,600 acres of holdings in the Permian Basin announced earlier in the week was to Northern Oil and Gas, Inc. In the SEC filing, Laredo made the revelation. The Tulsa-based company had not revealed the identity of …
Hiring details revealed in naming of Lawler to be Continental Resources President
A Securities and Exchange filing late Friday by Continental Resources revealed more details about the promotion of Robert Lawler to be the firm’s President and Chief Operating Officer. The filing indicated the appointment announced August 17 and approved by the Board of Directors means Lawler will transition as Continental’s President while William B. Berry …
Crude barely held own on Friday while OK energy stocks were weak
U.S. crude oil prices made a slight gain on Friday but prices still fell after a week of trading. Oklahoma energy stocks had a weak day in trading, just one day after recording some large gains. The decline for the week came on worries that an economic slowdown might weaken demand for crude oil. …
Baker Hughes reports national rig count slipped by one
Oklahoma was unchanged in its oil and gas rig count in the past week while nationally, Baker Hughes Co. reported a decline of one resulting in a nationwide count of 762. Oklahoma had 65 active rigs in the past week compared to a year ago when the count was only 30. Nationally, the number …
Federal Judge permanently blocks Biden leasing pause in lawsuit by Oklahoma and other states
A federal judge in Louisiana overruled a Circuit Court judge’s ruling made in the past several days putting the lawsuit by Oklahoma and nearly a dozen other states challenging Biden’s moratorium on new oil and gas leases back into play. Judge Terry Doughty of the Western District of Louisiana issued a permanent injunction against …
Oil and gas firms made a lot of money last year
A new report claims U.S. oil and gas companies generated nearly $74 billion in profits in 2021 while capital expenditure reached more than $144 billion. The report from EY titled “U.S. oil and gas reserves, production and ESG benchmarking study” according to Oilprice.com. Click here for Oilprice.com
Permits to drill for August 18, 2022
Alfalfa County PRESNALL TRUST #2-6, August 18 2022 06 24N 12W NWSESWNW API: 00323414 Lat: 36.58865796471741, Long: -98.53080709298669 KLO LLC SH, DR, 6100 ft, DOUGLAS(4537), COTTAGE GROVE(5295) Blaine County KINGS CANYON 17-13-16 #1H, August 18 2022 16 17N 13W SESWSESE API: 01124334 Lat: 35.94285934285469, Long: -98.5859903717958 STAGHORN PETROLEUM II LLC HH, DR, 16215 ft, MISSISSIPPIAN(10328) Canadian County …
