Category: Oil & Gas

More Carter County drilling planned in Southern Oklahoma

  Here’s where some of the latest drilling will take place in Oklahoma according to drilling permits approved by state regulators. Kodiak Oil and Gas received yet another permit to drill in Carter County. The HHU #826 is located at 27 4S 2W or about a mile northeast of the Black Gold Casino in Wilson. In adjacent Garvin …

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Missouri natural gas pipeline operator loses court appeal

  U.S. natural gas company Spire Inc. lost a round in federal appeals court this week where it is fighting a June ruling to shut down its STL natural gas pipeline in Missouri. Reuters reported that two panels of judges of the U.S. Circuit Court of Appeals for the D.C. Circuit rejected intervenor Spire’s petition …

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Benton, Arkansas plant acquired by chemical maker

  An Arkansas materials processing plant formerly owned by French proppant manufacturer Saint-Gobain has been acquired by specialty chemical producer U.S. Vanadium. The plant is located in Benton near Hot Springs and according to Arkansas Business will help the company prepare more vanadium. Click here for Arkansas Business.

Outlook not bright for oil and gas employment says State report

  For every new job that opens in Oklahoma’s oil and gas and mining sector, there are three others who are out of work. The unemployment figure is the highest in the state according to an August report announced by the Oklahoma Office of Workforce Development. The same report suggests the state’s oil and gas …

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Anadarko Basin makes big increase in rig activity

  The number of rigs running in the U.S. rose by 13 in the last week to 607 as of Sept. 8, according to Enverus Rig Analytics. The count is up 3% in the last month and 60% YTD. The largest week-over-week changes occurred in the Anadarko Basin, adding five to reach 53, and the …

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Texas energy center sold in $3 billion deal

  Encap Flatrock Midstream, a company with operations in Oklahoma City joined Moda Midstream LLC in announcing the sale of the Moda Ingleside Energy Center in Texas. Enbridge Inc. is the buyer in the $3 billion agreement. The Ingleside operation has 15 million barrels of storage and is the nation’s largest crude export terminal by …

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Governor reveals how she’ll use oil and gas revenue

  The new budget-writing process is underway in the state of New Mexico and Gov. Michelle Lujan Grisham says she intends to spend part of this year’s record-high oil and gas revenues on cleanup of abandoned oil and gas wells. Click here for Associated Press report.

Energy news in brief

** U.S. energy expenditures, or the amount of money spent by consumers to purchase energy, fell to $1.2 trillion in 2019, down 5% in real terms compared with 2018, according to the latest data in the EIA’s State Energy Data System. ** Cabot Oil & Gas Corporation and Cimarex Energy Co.  announced that, in connection …

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Cimarex Energy leader rips Biden over OPEC

One of the latest oil and gas leaders to blast President Biden over his call for OPEC to increase its oil production is the head of Denver’s Cimarex Energy Co. Chief Executive Officer Tom Orden, the man in charge of the company with widespread energy efforts in Oklahoma took offense at Biden’s call reported Bloomberg. …

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Cushing crude stocks on the increase

  While total U.S. crude supplies dropped by nearly 3 million  barrels in the week ended Sept. 3, the amount of crude oil in storage at the Cushing hub in northern Oklahoma increased. The American Petroleum Institute reported US supplies fell 2.9 million barrels. Its report was released later than usual due to the Labor …

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