As the oil and gas industry struggles for survival from the coronavirus pandemic, the federal government predicts the nation’s wind and solar capacity will double over the next five years. While Oklahoma celebrates an increased rig count up to 17, far from the much larger numbers it had a year ago, the International Energy …
The state of Alaska might end up being the only bidder on oil drilling leases in the Arctic National Wildlife Refuge in the state. The Trump administration made a three-year push to open the Refuge to oil drilling but no oil company’s expressed any desire to submit a bid for a 10-year lease. …
As crude oil futures and energy stocks prepare to wrap up trading for 2020, crude oil in the U.S. and in Europe saw gains in Wednesday’s trading. So did Oklahoma energy trading. West Texas Intermediate crude, considered the benchmark U.S. oil rose 40 cents for February delivery and finished the day at $48.40 a …
The merger of Oklahoma City’s Devon Energy Corporation and Tulsa’s WPX Energy, Inc. was approved by shareholders of both companies this week. An announcement by the two firms indicated the merger is anticipated to close on Jan. 7, 2021 after shareholders voted in favor of all proposals necessary for the closing of the previously …
The last oil and gas rig numbers to be released in 2020 by Baker Hughes Co. showed Oklahoma’s count increased by one to 17 in the past week. The number compared to 51 oil and gas rigs reported a year ago. The State’s increase came as national oil and gas rig figures grew by …
Pioneer Natural Resources Company announced Wednesday the launching of a note buyback program involving $1.1 billion in senior notes due in 2027 and 2028 that were held by Parsley Energy, the company merging with Pioneer. The offer includes $700 million in 5.625% Senior Notes due 2027 and $399,472,000 in 4.125% Senior Notes due 2028. The buyback offer has a …
** According to FracTracker Alliance (an association that tracks drilled wells), the total number of active wells in the US are 1,666,715. ** The Russian subsidiary of Japan’s Honda Motor said it would stop supplying new cars to official dealers in Russia in 2022 as part of the company’s efforts to restructure its operations. Honda has no …
After being targeted by the Wall Street Journal, Texas U.S. Sen. Ted Cruz is pushing back in defense of oil and gas companies owned by two of his biggest political donors who received a $35 million coronavirus pandemic relief loan. The Dallas Morning News reported the Senator fired back at Wall Street Journal reports …
Whether their dream of linking Midwest wind powered electricity with solar power from California will ever be realized, two energy consultants have a plan. A big one. They are promoting a $9.5 billion project for an interstate transmission and storage program to link the two regional electricity grids. Reporter Karen Uhlenhuth wrote about it …
The government has finalized rules and regulations for drones that use the air space over people and it will have a direct impact on the growing commercial use of drones, whether it’s by utilities checking lines and power poles or by energy companies checking pipelines. The Federal Aviation Administration released the list of final …
