The average U.S. regular retail gasoline price across all formulations (conventional and reformulated) on the Monday before Thanksgiving was $3.40 per gallon (gal), $1.29/gal (62%) higher than it was the week before Thanksgiving last year and the highest pre-Thanksgiving price since 2012 (in nominal terms). Compared with levels before the COVID-19 pandemic, prices are $0.82/gal …
Category: Oil & Gas
Baker Hughes Rig Count Reveals Six New Rigs in US
The number of active oil and gas rigs in Oklahoma was unchanged in the past week, remaining at 44 while nationally, the number increased slightly, according to the latest report from Baker Hughes. Nationwide, the number of oil rigs increased by 6 to 569 including 552 land rigs. The nation is still 320 rigs higher …
Baker Hughes shows rig count growth nationally
The weekly Baker Hughes rig report was just opposite of one released by Enverus. While Enverus reported a decline of 6 rigs nationally, Baker Hughes reported a growth of 6 rigs bringing the national count to 569. The newest count from Baker Hughes showed 6 more oil rigs for a total of 467 while …
Rig count grows in Anadarko Basin but drops nationally reports Enverus
The active U.S. rig count fell by four in the last week to 656 as of Nov. 23, according to Enverus Rig Analytics. The count is up 2% over the last month and 67% in the last year. The largest week-over-week increases occurred in the Gulf Coast, which gained six rigs for a total of …
ONE Gas to participate in Mizuho U.S. Utility Summit
ONE Gas, Inc. leaders plan to take part in next week’s Mizuho U.S. Utility Summit. The virtual event will be held Tuesday, Nov. 30, 2021 and will include Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating …
Halliburton makes Dow Jones ESG list
Halliburton Company announced it has been named to the Dow Jones Sustainability Index North America, which highlights the top 10% most sustainable companies per industry. The DJSI measures the performance of best-in-class companies selected using environmental, social and governance criteria. “At Halliburton, we embed sustainability into everything we do, and we’re honored the DJSI recognized …
Friday’s energy news headlines
** POLITICO says two Republicans on the Federal Trade Commission are asking the White House for any proof of illegal activity by the oil and gas industry to raise gasoline prices, which Biden asked FTC Chair Lina Khan to investigate last week. Commissioners Noah Phillips and Christine Wilson requested evidence “so that we might consider …
New Mexico Environment Dept releases assessment report
The New Mexico Environment Department released a first-of-its kind performance assessment report that offers the public, stakeholders, and legislators the opportunity to track the Department’s progress in protecting public health and the environment. The new report, developed by NMED’s Office of Strategic Initiatives, is the first installment in reporting on 47 performance measures over five …
Senator calls out Chesapeake Energy and others over natural gas exports
Two Oklahoma companies, Chesapeake Energy and Ascent Resources are among a handful of other energy companies accused by U.S. Sen. Elizabeth Warren of “corporate greed” and exporting record amounts of natural gas while imposing massive price increases on consumers. This week, the Democratic Massachusetts Senator called on energy companies to explain their decisions to …
Ovintiv keeps drilling in STACK
Energy exploration company Ovintiv plans more drilling in a sweet spot it’s found in Kingfisher County where it’s had some major success over the past year. The company received drilling permits for two wells on a site about 3 miles southeast of the city of Kingfisher. The REHERMAN 1607 #2H-25X and the REHERMAN 1607 #3H-25X are located at 05 …
