A new Baker Hughes Co. report on the number of active oil and gas rigs across the nation indicates there is expanded drilling activity, not only in the U.S. but including in Oklahoma as well. Oklahoma’s rig count grew by one in the past week to reach a total of 60 oil and gas …
OU mourns death of University alum and donor Curtis Mewbourne
The death of Texas oilman Curtis Mewbourne was certainly felt at the University of Oklahoma where he graduated and later made significant contributions that led to the creation of the Mewbourne College of Earth and Energy and the Mewbourne School of Petroleum and Geological Engineering. Mewbourne graduated from OU with a petroleum engineering degree in …
Other energy headlines
** Warren Buffett’s Berkshire Hathaway is likely to buy all of Occidental Petroleum once its credit profile improves, according to a Thursday note from Truist Securities. ** Los Angeles officials are considering a ban on the construction of new gas stations as part of a push to curb the development of fossil fuel infrastructure. ** Mercedes-Benz’s electric concept car drove 747 …
Climate change regulations to be focus of next Supreme Court ruling?
The next big political decision to come from the U.S. Supreme Court could be climate regulation. As The Hill reported, the court could soon rule in a dispute over whether the Environmental Protection Agency can issue climate regulations for power plants. The court in February heard arguments focusing on the scope of the EPA’s …
Big Friday gains for some Oklahoma energy stocks as crude prices rose
The question on Monday is whether crude oil prices can maintain or increase on the gains they made Friday when they settled up by more than $3 a barrel. The increase perhaps helped some Oklahoma energy stocks as a few had gains ranging from 10 to 15%. Helmerich & Payne along with Chesapeake Energy …
Texas regulators raised standards to help Cheniere Energy’s LNG plant
Regulatory documents in Texas reveal state regulators repeatedly raised pollution standards to allow Cheniere Energy’s LNG plant export more liquefied natural gas. Reuters reported documents showed the plant, located on the outskirts of the Gulf Coast city of Portland, Texas violated limits of pollutants hundreds of times. Click here for Reuters
Mewbourne Oil founder dead at 86
He was called a Texas oil legend. Curtis Mewbourne, the man who founded Mewbourne Oil Co. died June 23. He was 86. His company is headquartered in Tyler, Texas and operates more than 2,100 wells in Oklahoma, Texas and New Mexico. Click here for Hart Energy
Fed survey shows manpower shortage in the oil patch
While the Biden administration continues pounding oil and gas companies, accusing them of intentionally lagging on new drilling and production, a new survey by the Dallas Federal Reserve Bank shows those firms are hit hard by shortages of manpower and equipment. The findings mirror those of North Dakota reports that it took 2-3 months …
Wind turbine tower collapses in northern Oklahoma
A northern Oklahoma wind farm is minus one of its wind turbines following the collapse of the turbine and tower this week. The incident happened Monday evening in Major County near the town of Ames according to Fire Chief Mike Willey reported the Enid News and Eagle. Click here for Enid News & …
OK energy stocks and crude oil suffered in Thursday’s trading
Oklahoma energy stocks took it on the chin a second straight day in Thursday’s trading as some suffered 10% losses while oil prices dropped by nearly $2 a barrel. It came after Fed chairman Jerome Powell continued talking about U.S. interest rates and the need to raise them in order to do something about …
