High natural gas prices won’t go away anytime soon

  Customers of New Mexico Gas Co. are joining the crowd….being told they can expect high natural gas prices to remain that way through the winter. Executives of the company recently went before New Mexico regulators with the warning as the Santa Fe New Mexican reports.   Click here for Santa Fe New Mexican

Colorado seen as national leader in methane emissions control

  A report suggests that as U.S. environmental regulators create new rules to control methane emissions from oil and gas operations, whether it’s Oklahoma, Texas or North Dakota, they might take their cue from Colorado. Reuters reports the state’s considered a leader in methane regulations since adopting rules several years ago. Click here for Reuters. …

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Support Biden or oil and gas? New Mexico’s Governor is paying the price

  New Mexico’s Democratic Gov. Michelle Lujan Grisham might find you can’t have it both ways when it comes to supporting President Biden’s anti-oil and gas policies and pretending to support the industry in her own state. Sinking approval ratings are an indication her re-election effort could face an uphill challenge as steep as the …

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Oil and gas rig growth stalls in Oklahoma and US

  The number of oil and gas rigs active in the field held mostly steady in the past week in Oklahoma and across the nation, apparently taking a breather as crude oil prices bounced back to $84 a barrel in the U.S. The national count, per reported by Baker Hughes Co. slipped by one to …

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ONG’s push to raise gas bills

  ONG’s request to raise rates by another $2.49 a month for residential customers goes before Oklahoma Corporation Commissioners this week. Regulators will have to consider the opposition from the utility’s customers. The request by Oklahoma Natural Gas covers a base rate hike of $28,693,017 according to the filing made by the utility in late …

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Supply chain crisis not a joke to Oklahoma Representatives

“Further consideration of your massive expansion of social spending—–only stands to worsen the supply chain crisis.” US Transportation Secretary Pete Buttigieg might have shrugged off the nation’s supply chain crisis with a joke about Christmas Eve shopping, but it’s far more serious to Oklahoma Congressman Frank Lucas and other GOP members of the House from …

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Well completions companies announce acquisition

  Two Texas-based well completion companies, both with operations in Oklahoma are joining operations in a $407.5million deal. ProFrac Holdings, LLC reached agreement in the all-cash deal to take over FTS International, Inc, another firm headquartered in Fort Worth. ProFrac, based near Fort Worth listed operations in Oklahoma but as the picture above illustrates, the …

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Back to $84 oil in the US

Crude oil prices rebounded on Friday with a more than 2% gain in the US and European levels reaching nearly $86 a barrel. West Texas Intermediate crude for December delivery went up $1.69 or 2.05% to finish the day’s trading at $84.19 on the New York Mercantile Exchange. Global benchmark Brent crude rose $1.28 or …

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Schlumberger’s profits grew with renewed drilling efforts

  Schlumberger announced a third-quarter profit of $550 million on Friday, beating Wall Street estimates as the top oilfield firm capitalized on a rebound in crude prices worldwide. On a per-share basis, the The Hague, Netherlands-based company said it had profit of 39 cents. Earnings, adjusted for non-recurring gains, came to 36 cents per share. …

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Dividend announced by Holly Energy Partners

  Dallas-based Holly Energy Partners, L.P. announced a quarterly dividend. The operator of crude oil terminals in Oklahoma and 7 other states announced a cash distribution of 35 cents per unit for the third quarter of 2021. The distribution will be paid on November 12, 2021 to unitholders of record on November 1, 2021. Holly Energy …

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