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 …
Category: Oil & Gas
Tax withholding move–not sale of shares for Continental Resources executive
A correction to our story about a Continental Resources executive selling shares in the company before the announced takeover by founder Harold Hamm. Robert Hagens, Senior Vice President of Land at Continental did not make an open market sale of the 18,292 shares in the company. Instead, as a spokesman explained, it was “simply …
Is there a ‘for sale’ price on the Keystone pipeline?
Speculation is all it might be, but there’s a report that TC Energy Corp. might consider selling billions of assets to fund projects in Mexico and Western Canada—and one of those assets might be its Keystone oil pipeline that runs through Oklahoma. The speculation hasn’t prompted any response from TC Energy. The firm said …
Energy headlines elsewhere
** President Joe Biden is reportedly set to release 14 million more barrels of oil from the federal government’s stockpile. That last batch of oil from the Strategic Petroleum Reserve could bring down creeping gas prices. ** New Jersey Gov. Phil Murphy’s administration sued Exxon Mobil, Shell Oil, Chevron, BP, ConocoPhillips and the American Petroleum Institute …
Crude oil and natural gas prices dropped Tuesday while OK energy stocks made gains
Not only did crude oil prices drop in Tuesday’s trading but natural gas futures did as well, taking a 4% hit to reach a three-month low. The slides happened as oil and European gas prices dropped and milder U.S. weather is in the forecast for the next two weeks. West Texas Intermediate crude oil for …
Takeover by Harold Hamm was big news
Harold Hamm’s pending $4.3 billion takeover of Oklahoma’s Continental Resources drew lots of attention, not only in the oil and gas industry but across the nation’s business section. Here’s how it was headlined by Bloomberg. Shale Titan Hamm Ups Continental Offer in Bid for ‘Freedom’ Oil tycoon sees ‘freedom to invest’ as a closely …
Oil production in Permian to hit record in November
The government’s predicting crude oil production in the Permian Basin of West Texas and Southeast New Mexico will hit a record production of 5.4 million barrels of oil a day in November. The forecast from the U.S. Energy Information Administration said this week the production of 5.453 million barrels a day will be an …
Koch subsidiary partners in carbon capture technology
Koch Engineered Solutions based in Wichita, Kansas has entered into a definitive strategic partnership agreement with ION Clean Energy of Boulder, Colorado, a leading developer of the most effective and economic carbon dioxide (CO2) capture technology in the market today. Based in Wichita, Kansas, KES is a subsidiary of Koch Industries, one of the largest private companies …
Court says EPA didn’t follow its own definition of “small refinery”
In something of a stinging ruling from the Denver Federal Appeals Court, the EPA has lost a court battle with Suncor Energy over whether its two refineries around Denver, Colorado fit the definition of “small refineries” in the Renewable Fuel Standard Program of the Clean Air Act. The 10th U.S. Circuit Court of Appeals, …
Oil and gas industry faces big hiring challenge
Despite a recent report showing a slight gain in oilfield employment, there remains a challenge of finding new employees in the oil and gas industry. A story by Grist points out how young workers are being urged to avoid an industry that stands accused of destroying the climate and instead should go to work …