With the nation’s Strategic Petroleum Reserve at its lowest level since 1984, following the President’s continued sale of oil in order to lower gasoline prices and attract support for Democrats ahead of the upcoming elections, crude oil held in storage at Oklahoma’s Cushing hub increased slightly in …
Category: Oil & Gas
Rep. Mullin and others tell Biden again–his energy policies aren’t working
U.S. House Republicans, including Congressman Markwayne Mullin of Oklahoma sent yet another letter to President Biden urging him to reverse his anti-American energy policies. In a letter telling the President his energy policies aren’t working, Mullin along with Rep. Steve Scalise of Louisiana and HEAT Co-Chair Rep Jeff Duncan of South Carolina, stated he …
More headlines of other energy stories
** In announcing yet another release of oil from the nation’s Strategic Petroleum Reserve, President Biden rejected criticism that the release politically motivated as the White House aims to bring down gas prices with just a few weeks until the midterm elections. “It’s not politically motivated at all,” Biden told reporters. ** An Inflation Reduction Act provision that …
Biden’s latest oil sale sends crude prices up—not down
President Biden’s latest announced sale of more oil from the U.S. Strategic Petroleum Reserve was meant to drive down the price of gas….but it might have had the opposite effect as crude oil prices rose in response. West Texas Intermediate crude for delivery in November went up $2.73 a barrel to finish the day …
Empire Petroleum picks former WPX Energy executive to join its leadership team
A former executive with WPX Energy before it merged with Devon Energy in 2021 as been named to one of the top executive positions at Tulsa-based Empire Petroleum. Empire announced it has named J. Kevin Vann to fill the company’s newly created position of Vice President of Finance and Strategic Planning. Vann was formerly …
Gulfport hopes to rebound from inflationary impact in 3Q
Third quarter financial results by Oklahoma City’s Gulfport Energy Corporation will be released Nov. 1, according to an announcement by the company. Results will be made known after the market closes on Tuesday, Nov. 1 followed by a teleconference and webcast on Wed., Nov. 2 at 8:30 a.m. Central time. The conference call can …
Williams director named CFO at Baker Hughes
A member of the board of directors at Williams Companies was named this week to be Chief Financial Officer at Baker Hughes. Nancy Buese will take over as CFO effective Nov. 2, 2022 according to the announcement by Baker Hughes. She has been on the board of directors at Williams Companies in Tulsa since …
Williams offers update on clean hydrogen partnership
Williams announced progress on its clean hydrogen commercialization strategy with a recently signed memorandum of understanding (MOU) with Daroga Power, a New York-based investor and developer of distributed generation energy assets including hydrogen fuel cells and solar power generation. Williams and Daroga are working to identify long-term, end-use customers for clean hydrogen as well …
Laredo Petroleum’s 3Q oil and gas production results released
Ahead of its third quarter financial results to be released next month, Laredo Petroleum Inc. disclosed its quarterly oil and natural gas production. Prior to the third quarter release, the Tulsa company revealed its quarterly production averaged 79.5 thousand barrels of oil equivalent a day, which is within the guidance of 78.5 to 8.5 …
Grady county gas wells drilled by Continental Resources
Turns out that Continental Resources really had four producing wells on the same pad in Grady County with combined production of nearly 1,200 barrels of oil a day but the amount of combined gas production was nearly 35,000 Mcf a day. OK Energy Today reported earlier in the week that the Oklahoma City oil …
