Company leaders at Tulsa-based Unit Corporation sounded optimistic Friday after releasing the firm’s second quarter earnings report showing $80 million net income compared to a $13 million loss a year earlier. The figures are estimates because Unit stated it had not completed the reporting process for the quarter. It explained preliminary results are based …
Coterra to unveil 2Q financial results
Coterra Energy plans to release its second quarter 2022 financial results next week. The company, one active in Oklahoma’s STACK play, will unveil the results on Tuesday, August 2 after the close of markets. Leadership will hold a conference call the next day at 9 a.m. central time. After the release of the first …
Senators fight to block social cost of carbon used by feds
Oklahoma U.S. Sens. James Lankford and Jim Inhofe led a handful of other senators in filing a bill to fight the Biden administration from using the social cost of carbon in any rulemaking process. A dozen other Republican Senators joined them in the introduction of the Transparency and Honesty in Energy Regulations Act which would prohibit …
Tulsa firm reports two Canadian County wells with 1,200 barrels of oil a day
Two Canadian County wells drilled by Citizen Energy III LLC on a single pad produced more than 1,200 barrels of oil combined a day. The Tulsa energy company filed completion reports showing the Darrow Trust 3hl-7-18, located at 7 10N 5W, a site about 2 miles southwest of the city of Mustang was completed in …
Small Oklahoma town without water
The small eastern Oklahoma town of Sasakwa struggles with a water crisis that began months ago. A town well is broken and as a result, the residents only have running water every other day according to a report by Fox 25 News. Click here for Fox 25 News
Nebraska gas line operator wants to convert to carbon dioxide
The Federal Energy Regulatory Commission has started a review of a southern Nebraska pipeline operator who wants to switch from transportation of natural gas to carbon dioxide. Operators of the 40-year old Trailblazer Pipeline want permission to abandon most of the line for natural gas. The request comes from Trailblazer Pipeline Co. LLC and …
Headlines of other stories
** TotalEnergies says it will cut gasoline prices by 10% in a move it says is an alternative to a windfall tax. ** The first of 100,000 delivery EVs can now be seen in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, St. Louis and other cities. ** Top Western energy companies are expected to unleash …
Oil and gas groups fight EPA’s “smog” crackdown in the Permian Basin
Those Oklahoma oil and gas producers active in the Permian Basin of West Texas and southeast New Mexico might face more of an environmental crackdown at the hands of the Biden administration. Biden wants the Environmental Protection Agency to get tough on smog in the region, a move that threatens crude oil production. As …
Southeast New Mexico’s Permian Basin shaken by more earthquakes
One of the latest earthquakes to shake the Permian Basin happened Thursday morning in Carlsbad, New Mexico. It occurred as researchers expanded their investigation of oil and gas drilling in the large shale area that is believed to be the cause of increased earthquakes—much like occurred in Oklahoma a few years ago. The Carlsbad …
Nation’s rig count suffers decline
There were 819 rigs running in the U.S. as of July 20, according to Enverus Foundations. The count is down 2% in the last week and down 1% in the last month, but up 48% YOY. The activity peak for the last week was 847 rigs with an average of 830; the dip reported …
